Introduction
The Asahi beverage company is a leading company in alcohol and non alcoholic beverage. who
focus on the in ovation in the market to attract the customers. the Australia is having an extreme
background in the market of beverages. the Asahi beverage is developing their product with
Australian agriculture product. the market structure of beverage is good in Australia (MARY,
2018). beverage contributes 60 % of the total liquor retail market. the demand of the goods is
affected by many factors and their contribution decides the elasticity. price elasticity of demand
is said when change in demand due to a change in the rate of the product. the price elasticity of
supply is the ratio of change in demand by a change in the rate of a product. the income elasticity
of demand is the change in demand due to change in the income of the customers and the cross
elasticity is the change in the demand of good A due to the rate of good B. the demand for the
beverage is an increase in the event as the beverage improves the environment of the event. the
beverage industry is focused on supply beverages in the market to meet the demand (MARY,
2018).
Introduction to the company
Asahi Beverages is one of the famous companies in the alcohol and non alcohol beverages which
establish in 2014. The Asahi beverages lead in Australia and New Zealand. The Asahi beverages
are strongly selected to establish innovation, a household brand, and a new product in the market
(Vidler, et al., 2018). Asahi beverage is a part of Asahi group holding. It also contains the most
successful beverage business in Australia and New Zealand. Asahi beverages deal in an
extensive range of non alcoholic beverages such as mineral water, soft water, juice, mixers, tea,
sports drink, and energy drink (Vidler, et al., 2018).
Industry/ sector background
The beverages industry is one of the largest production sectors in Australia. the food and
beverage sector is developing their product with Australian agriculture products to increase the
values of the product and their brand. The beverage sector in Australia covers an inclusive range
of food and beverage products extreme in dairy products, bakery products, beverages, meats, sugar, seafood, fruits and vegetable, flour, confectionery, cereal, and pet food (Brand-Miller, etal., 2017).
The beverage industry is having an annual turnover of $ 50 billion. The beverage industry is
contributing a turnover of greater than 18 % of the overall Australian production sale. The
beverage sector is fast growing manufacturing employment in regional Australia (Brand-Miller,
et al., 2017).
Food and beverage is the main industry in the Australian economy. This contributes Australian
economy in both finance contribution and managing employees. the beverage sector is run by
consumer demand for quality, diversity, and value. according to the Australian food and grocery
council the food and beverage industry is having revenue of $ 122 billion per annum. the food
and beverage sector contributes 15,000 business which employee over 2, 73,000 people.
The food and beverage industry is having a good contribution to the growth of the Australian
economy. The Australian economy is having a big contribution by food and beverage companies.
The food and beverage industry is contributing to managing the GDP of companies.
The market structure of the industry/ sector
The market structure of the food and beverage industry is as follow-
The beverage companies are deal in the supermarket sector. There are approx $70 billion of
supermarket chain capture by Australian beverages company (Conlon, et al., 2015).
the leading company in the beverage sector are Accolade Wines and Treasury Wine Estates.
these companies are having 455 of total industry sales (Conlon, et al., 2015).
the beverages are controlling 60% of the liquor retail market.
nearly one quarter of Australian beverage company is old than 65 years by 2050. this gives to
focus on the domestic food industry to facilitate a wide range of multi-culture food demand.
The beverage industry plays an important role in increasing the countries working population to
migrate to increase their skills (Conlon, et al., 2015). The food and beverage industry is forecast to grow by the rate of 4% CAGR till 2023 because of
the increase in the demand for Australian food and beverages in the Asian market. Government
financial support facilitates Australian beverage product to increase in the sale and demand.
Factors that influence demand for the company’s product(s)
the features which affect the demand of the Asahi beverages are-
1. Price of the given product- the price of the product affect the demand of the goods. when the
price increase, the demand of the goods decreases. there is a negative relation between the price
and demand of the product. the increase in price will decrease the demand for the product as it
decreases the satisfaction to the customers. If the Asahi beverage decreases the demand for the
product then the customer starts more demanding for the product. If the Asahi beverage increases
the price for their beverages then the customer decreases the demand for Asahi beverage
(Ramya, et al., 2016).
2. Price of the related commodity- the price of other beverages in the same industry will decrease the demand for our product. As the Fonterra decrease their price then the person starting shifting they are and decrease the demand for Asahi beverage. There are so many related commodity and companies of the beverage in Australia which affect the demand of customers for Asahi beverage.
3. Income of the customers- the income of the customer is the major factor that influences the
demand for a certain product. if the income of the particular person is increases that person shifts
to a good quality product of higher cost and decrease the demand for an inferior product. If the
income of the customers decreases and they are not able to afford for the Asahi beverages then they decrease the demand for the product (Ramya, et al., 2016).
4. Taste and preference of the customers- the taste of the person for the particular product change and affect the demand. if the customers taste is a change for the product then they decrease the demand for the product. the taste of the product is the factor that makes a person willing to purchase a product. The taste of the person is changed with time. sometimes the company is having a taste and preference for drinking cold drinks then they decrease the demand for beverages in the market.
5. Customers demanding for the product- the total number of customers who demand for the
Asahi beverage will influence the total demand of the goods. If the customers of the company are
increases then the demand for Asahi beverage is increasing. the number of customers and their
demand for beverages will affect the overall demand of the beverage in the industry. The
company has to increase its number of customers to increase the demand and overall cost.
Factors that influence the supply of the company’s products
1. Price of the goods- the rate of the goods and demand is having a positive relation. If the price
of the product is increases then the supply of the goods is increased which result in more profit
earning. The increase in the price of the product is increase the profit margin of the company
that's why the company increase the supply of the goods by the company (Tripathy, et al., 2016).
2. Production cost of goods- the production cost is the factor that influences the supply of the
product. The high cost and fewer profit margins will make suppliers unwilling to supply more
products. the company is trying to decrease the cost of production to earn more profit at a set rate
of the goods. the value of the production affects the supply of the profit due to a change in their
profit margin.
3. Natural condition- the climate condition affects the supply of the product. the natural condition affects the production of the product and the supply. sometimes climate makes it difficult to manufacture of the product and make it available in the market. in that condition, the market
supply of the product is decreasing (Tripathy, et al., 2016).
4. Technology- a better technology improves the production of the product which helps in
increasing supply in the market. the organization has to adopt new technology which reduces the
cost and gives more output. the increase in the production of the market makes supply easy in the
market.
5. Factor price and their availability- the other factor also affects the supply in the market. the
factors such as raw material, machines, and equipment that affect the production of the product. the factors will affect the time of manufacturing of a product. if the factors are available easily at
a lower cost then it makes production increase and increases in supply. availability of labor at a
lower cost, raw material, and machines in sufficient quantity will increase the supply in the
market.
6. Government policy- the government policies and regulations will affect the supply of the
product by the change in fiscal policy and industry policy. if the political party reduce the tax
rate then it raise in the profit margin of the company then the company increases supply in the
market. if the excise duty is increasing by the government then the company will decrease its
supply as the profit margin is decreased due to an increase in the cost of production.
Elasticity
Elasticity is the degree of change in demand and supply affected by the change in other factors.
This is due to a change in response to price and income. Elasticity is an economic concept that
helps in measuring the degree of changes. The elasticity is used to measure an affect in the
demanded for a goods and services regarding rate and income (Bas, et al., 2017).
types of elasticity
Price elasticity of demand- the demand elasticity is measured by the receptiveness of amount
demand to a price changes. the demand is a factor that affects by the range of the price
(Eskandarizadeh, et al., 2016).
price elasticity of supply- the supply elasticity is measured by the receptiveness of amount
supply to a variation in price. the demand is the factor which affects by the range of the price.
income elasticity of demand- the demand elasticity by income is measured by the receptiveness
of amount demand to a change in earning of the customer. the demand is a factor which affects
by the range of the income of the customers (Eskandarizadeh, et al., 2016).
cross elasticity of demand- the cross elasticity of demand is the changed in quantity demand of
1 company goods due to a vary in the rate of 2nd good. For example- the amount demand of
good A is affected due to a vary in the rate of good A.
Types of price elasticity of demand-
Inelastic demand– If the demand of the goods and services remains constant due to a vary in
rate. Then the demand is said to be inelastic and having a coefficient of elasticity that is less than
1.0. the factors affecting Inelastic demand Elasticity by Price are no substitute in the
marketplace, Infrequent purchases, necessities, and season (Labandeira, et al., 2017).
elastic demand- the demand is said to be elastic when the change in price is less than the change
in quantity. the company decreases their price in small quantity but the quantity is changed in
large quantity. it is said when the Asahi beverage is decreasing their price in small amount but
there is a large vary in the amount demand of the product by customer. the features influence by
the Inelastic demand Elasticity by price is homogenous products, many substitutes, and luxury
products.
Unitary demand- the demand is said to be unitary when the change in price is total to the vary in
the amount demand by the customers. suppose if the Asahi beverage changes their price by 10%
then the quantity demanded by the customers is also changes by 10% (Labandeira, et al., 2017).
Impacts of an event on the industry/ company
the use of beverages at the time of events and meetings has become common. the event is seems
to be incomplete without the beverage. the foods and beverages are purchased, prepared, and served in the meeting. it is served to everyone who is present in the event to make the event more
perfect. the things which are considered while planning for food and beverage are depend on the
venue, audience, theme, time, and budget. the events of the Food and Beverage Industry are
Annual Frozen Food Convention, American Food Innovate Summit, Natural Products Expo
(East & West), Midwest Foodservice Expo, SNAXPO, POI Spring Summit, Food Automation &
Manufacturing Conference, Smoke Jumpers, and many others.
the events and meetings will increase the demand for beverages. the events are the main time
when everyone needs a beverage with food. the beverage increases the entertainment in the
meeting. the beverage plays an important role in the meetings and events. many people prefer
beverages in the meeting which increases the demand for the beverage.
the beverage industry is manufacturing more beverages at the time of events to meet the demand.
the supply is increasing so that they can earn more profit by facilitating beverages in the market.
the customer is demanding for the beverage as it makes an event more interesting and increases
the entertainment.
Beverage plays an important role in the events and parties. the people demand is increasing. the
Asahi beverage is focused on the time of increasing the demand for beverage. they are ready to
meet the demand for beverage anytime. the Asahi beverage is the company which is effectively
work in market condition to earn more profit in the market. the event and parties increase the
competition in the market. the Asahi beverage is focused on maintaining their price because in
the events the price is the main focus. the beverage companies have to maintain their price.
Conclusion
the beverage company is highly contributing to the Australian economy. the beverage industry is
having an annual turnover of $ 50 billion. the contribution of the beverage industry is higher than
18 % of the overall turnover of Australian production in Australia. the beverage sector is
successful in increasing employment in the country and contributing in the financial term. the
beverages are used in parties and events. the demand for the beverage is increased in events. the
market structure of the Asahi beverage is they deal in the supermarket sector. the beverage is
controlling 60 % of the liquor retail market. the factors which affect the demand of the company’s product are the price of the commodity, price of other commodities, the income of
customers, the taste of customers, and the number of customers. the demand and factors decide
the elasticity of the company product. the factors which affect the supply are the price of a
product, cost of production, technology, and government policies. the elasticity is of four types
of elasticity is the demand elasticity by price, supply elasticity of price, demand elasticity by
income, and cross elasticity of demand. the elasticity of goods as needed is of three types which
include elastic, inelastic, and unitary demand. the company demand for the beverage is become
elastic at the time of the event due to high competition.
Reference
MARY, A. (2018). ASAHI BEVERAGES: FACING THE CHALLENGES OF
GLOBALIZATION. Business Development, Merger And Crisis Management Of International
Firms In Japan: Featuring Case Studies From Fortune 500 Companies, 31.
Vidler, A. C., Stoneham, M., Edmunds, M., & Sartori, A. (2018). The illusion of choice: an
exploratory study looking at the top 10 food companies in Australia and their brand
connections. Australian and New Zealand journal of public health, 42(6), 519-522.
Brand-Miller, J. C., & Barclay, A. W. (2017). Declining consumption of added sugars and sugar-
sweetened beverages in Australia: a challenge for obesity prevention. The American journal of
clinical nutrition, 105(4), 854-863.
Conlon, C. T., & Rao, N. (2015). The price of liquor is too damn high: Alcohol taxation and
market structure. NYU Wagner Research Paper, (2610118).
Ramya, N., & Ali, M. (2016). Factors affecting consumer buying behavior. International journal
of applied research, 2(10), 76-80.
Tripathy, S., Aich, S., Chakraborty, A., & Lee, G. M. (2016). Information technology is an
enabling factor affecting supply chain performance in Indian SMEs: a structural equation
modelling approach. Journal of Modelling in Management.
Bas, M., Mayer, T., & Thoenig, M. (2017). From micro to macro: Demand, supply, and
heterogeneity in the trade elasticity. Journal of International Economics, 108, 1-19.
Eskandarizadeh, A., Elm-Amooz, N., Rahimi, F., Baharlooyi, K., & Naeimi-Jamal, M. R. (2016).
The effect of aging on nano-hardness and modulus of elasticity of four types of composites: an
in-vitro study. Journal of Dental Materials and Techniques, 5(4), 162-171.
Labandeira, X., Labeaga, J. M., & López-Otero, X. (2017). A meta-analysis on the price
elasticity of energy demand. Energy policy, 102, 549-568.
Assessment task 1
Question 1.
The three examples of risk concerned at the time of developing and implementing of the
strategic plan-
Not able to meet the demand of consumers (Cassidy, 2016).
Risk on the goodwill of a company.
High competition in the market (Cassidy, 2016).
Question 2.
The two-risk management strategy considered while preparing a strategic plan are-
Budget is made and implemented properly to get all expenses meet in the company's budget
(Bromiley, et al., 2015).
An effective communication is made to communicate tasks with team members effectively
(Bromiley, et al., 2015).
Question 3.
The risk management strategy used to manage intellectual property risk in strategic planning
is patent, trademark, and copyright. These three factors affect protect a company from
intellectual property as patent protect technique, trademark protect name and copyright
protect method.
Question 4.
The benefits of conducting a SWOT analysis for the company are to know to take advantage
of the strength, minimizing of weakness, capitalize on opportunity and deter threats
(Khoshbakht, et al., 2017).
The SWOT analysis is conducted by analysing and listing of company's strengths,
weaknesses, opportunities, and threats. While conducting of SWOT analysis write down the
opportunity which is to be achieved by using company strength and detection of threats
(Khoshbakht, et al., 2017).
Question 5.
The question used while conducting SWOT analysis are-
The strength of our company which helps us in grab opportunities?
The weakness of our company which gives a barrier in grab opportunities?
The opportunity which makes the growth of our business ?
The threats which give loss to our company ?
Question 6.
the benefit of conducting a PESTLE analysis is to encourage the development of external and
strategic thinking. it helps the organization in knowing the external threats and their impact
on business. this help organization in prevent losses and minimizing of risk. PESTLE
analysis help organization in knowing the impact of political, economic, social,
technological, legal and environmental factor on the business. it helps in knowing the risk and
impact on the external environment in our business. it gives a framework to operate our
business (Shtal, et al., 2018).
The PESTLE analysis is conducted by analysing the external environment and its impact on
the organization. According to the impact rate them and find an idea to detect that impact
(Shtal, et al., 2018).
Question 7.
The 4 types of questions used in PESTLE analysis are-
The change in government rules and their effect on our operation.
The change in economic condition and their effect on our organization.
The social culture and its effect on our organization.
The technology upgrade and their benefit in our business.
Question 8.
Current strategic plan and internal report are the two internal sources of information that a
company uses to get information related to company’s competitors, market, vision,
customer’s base, capacity, and values.
Question 9.
Annual report of other companies and Australian Bureau of Statistics are the two external
sources of information which a company use to get information related to company’s
competitors, market, vision, customer’s base, capacity, and values.
Question 10.
Organization value refers to the ethics and principle on which a company will stand at any
cost. Organization value will represent the main priority of the company. The company’s
values are the main factor which affects the organization goals and objective (Pedersen, et al.,
2018).
The organization's values are developed before the strategic plan to convey them properly
and their importance to stakeholders. The key values are helpful in preparing a strategic plan
successfully and properly (Pedersen, et al., 2018).
The technique used to identify values as part of the strategic planning process is
brainstorming. This helps in develop value with the team from graze and define them to every
stakeholder (Pedersen, et al., 2018).
Assessment Task 2
1. Meeting with a team
Notes for meeting with the team
Company’s mission: – Native bush spices concern to source the best of all the quality
products to all its customers.
Company’s vision: – the company is consistently focusing to settle itself as the most respected
and pursued merchant.
Company’s values: – The company is dealing with high values with the customer by showing
them respect, responsibility, caring, honesty, modernization, and brilliance.
Company’s objective: – To promote awareness among the sales and development of the
brand.
To magnify the business worldwide (Alegre, et al., 2018).
To develop a wide range of the services.
Meeting objective: – To analyse the companies present mission, vision, and statements of
value to the customers that should be enough transparent to assist the operations of the
company.
Attendees: – Management team
Time: – 11:00 pm
Place: – Meeting hall of the Native bush spices Australia (Alegre, et al., 2018)
2. Meet with the Management team
Manager: – Good morning sir.
CEO: – Good morning everyone.
Management team: – Good morning.
Manager: – So everyone it is to be noticed that we are gathered here to discuss the vision,
mission, and values statements that would be delivering and maintaining the transparency to
establish the company's strategic goals and development.
CEO: – it is required to discuss the current scenarios of the company and that's great if you
guys are already concerned with it.
Management team: – Yes, our company is concerned to source the best quality products for
all the customers.
Manager: – Yes, as we are following them it helps us to enhance the company’s sales and
development.
Management team: – Yes, and by doing so it is helping in attaining the objective and goals.
The actions can be implemented by showing respect to the customers and maintaining
responsibility towards them.
Manager: – Yes, also we are focusing on providing them the innovative work, with brilliancy
to our products to the customers. The company is also magnifying the services over the world
including the countries such as Hong Kong, Japan, and Singapore.
CEO: – Okay that's great. And also, all the objectives and goals are satisfactory. I would like
to know that whether the company is building some more actions and strategies to reach the
goal.
Management team: – Yes sir, we have built more innovative logic in the company to manage
the best product and increase the wide range of products.
CEO: – Yes, that's great.
Manager: – Thank you everyone for the strong support and for providing the concern for the
company's goals.
3. Summary of the meeting results.
In the conference, the organization's mission, vision, and principles are discussed. The aims
of the organization are therefore set according to the mission of the organization. The mission
of the business is to produce a wide variety of products, improve sales, and grow people's
understanding of the brand (Trivedi, et al., 2018).
The goal of the organization relies on the approach of extending a brand into the international
market. The success metric is designed to implement a revolutionary concept within a
company to develop a wide variety of goods and improve sales. (Trivedi, et al., 2018).
4. Email to the Management Team (your assessor)
From: Manager@NBSpices.com.in.au
To: Teammanagement@NBSpices.com.in.au
Cc: Head@NBSpices.com.in.au
Date: 15-02-2021
Subject: Approval for the strategic plan and confirming the company’s vision and
mission.
Respected sir,
As we have already consulted about the current strategies and vision, mission and company’s
goals and objectives, and the morals of the company. It is to be made in the notice as we are
planning to develop a strategic plan for the company that should consist of the company's
vision and mission. Here I am attaching the complete document and need the approval to
work further on it.
Thank you,
Manager
Assessment Task 3
1. Research Native Bush Spice Australia’s customers and competitors
The internal sources of information helpful in analyzing the information related to the
organizational events, preservation, employees, and revenues. The key attribute of internal
polling is that all clients and products are deeply acquainted with workers. It ensures that they
are exceptionally capable of producing new ideas and selling them specifically by providing
them the inside-out stock and back to front and by knowing them. Internal sources include
financial documents (Trading Benefit & Loss A/c and Balance Sheets for multiple years),
accounts from salesmen, promotional spending figures, travel expenses, etc. An internal
source, such as the new strategic plan, offers us an incentive for the business to expand. The
reaction of the workers becomes our strength to function productively and successfully to
accomplish operational goals (Amanpour, et al., 2018).
The external sources of information are the need for alternative sources of marketing analysis
is emerging in order to study marketing issues in depth. In situations where analysis requires
extensive and systematic analysis, external sources are of considerable significance and
usefulness. The data that comes from the customers and competitors is considered as the
external sources of information. An outside source, such as the Australian Bureau of
Statistics, helps to explain the organization's political, fiscal, technical, and environmental
developments. This database helps to explain research patterns, innovations in technology,
rivals, and future current and developing markets (Damanpour, et al., 2018).
2. Risks and benefits of the company
Risk in implementing the new objective of the organization
Strong prices for producing a broader variety of goods and foreign market growth.
The exchange rate that impacts the margin of profit fluctuates.
Electorally unpredictable.
Promotion in the challengers.
Accepting a commodity in a new region of the industry.
Due to a shortage of activities, there is a lack in the foreign market.
Price of business establishment in international markets.
The country's laws and regulations.
Benefits in implementing the new objective of the organization (Tupa, et al., 2017).
The escalation in the trades.
Expansion in the gain surplus.
Growing the prestige and market recognition of the company.
Increase in business, which contributes to company expansion.
Announcing the new sell.
Introducing a new product range.
3. Develop a SWOT and PESTLE analysis
Strength Weakness
Native bush spices are providing the best
quality of services to its customers.
It is having strong internal sources such as
skilled and knowledgeable staff (Gürel, et al.,
2017).
Native bush spices are having a shortage of
foreign trades and markets.
The competitive companies are working
better than our corresponding company.
Opportunity Threats
Native bush spices are focusing to develop
and grow their market worldwide
Also, they are working to produce new
products.
As the competitors are regularly increasing
and the external and internal factors are
transforming that became a threat for the
company.
PESTLE analysis
PESTLE analysis is an important factor while monitoring the company's strategies and goals.
PESTLE analysis defines the political, economic, social, technological, and legal analysis of
the organization. This is the reason behind the corporation needs to consider its impact on the
policies and procedures of the organization. The PESTLE study helps to prepare a plan that is
accurate for the long-term success of the business. Business operations are influenced by
government policies, laws, and regulations.
The economic variables are affected by the transformation in the distribution of money and
the availability of money that influences the income of the organization. The flow of cash is
the key aspect impacting the company's profits and spending. Earnings are based on external
conditions. The consumer factor, with the shift in societal needs, culture, and patterns,
influences the demand and availability of the commodity on the market. The technological
factor will impact the business by the transition in the way they do and modern techniques.
Judicial regulations and legislation impact industry by a shift of business-related rules
(Nandonde, et al., 2019).
4. Email to the assessor
To: – Head@NBSpice.com.au.in
From: – Manager@NBSpice.com.au.in
CC: – Seniormanager@NBSpice.com.au.in
Date: – 15-02-2021
Subject: analysis of SWOT and PESTLE
Respected sir,
We have analyzed the company's strategies and goals smartly by SWOT and PESTLE
analysis. Here I am attaching the complete document of the SWOT and PESTLE analysis.
The SWOT analysis has effectively defined the strength, weaknesses, opportunities, and
threats of the organization. And PESTEL analysis has defined the political, economic,
social, technological, legal, and environmental factors that affected the growth and
development of the company. Kindly go through it once.
Thank you
Manager
5. updated SWOT and PESTLE analysis
SWOT analysis
Strength Weakness
The certificates contain the proof of the
nature of the spices and that supports us in
employing in the market. It is advantageous
that the native bush spices are having a
good impression in the market. And is also
having a good image in the customer's sight
(Gürel, et al., 2017).
Challenges are increased and they are not
even having proper information regarding
international trade.
Opportunity Threats
New and emerging technologies helping the
company to expand the market growth. The
Transformation in external conditions that
have a negative effect on our market that
business is required to establish itself in the
foreign market. To the existing line of
companies, bring more goods.
harm our business results that find it
impossible to meet operational objectives.
PESTLE analysis
The PESTLE analysis defines the political decisions, economic issues of the exchange rates
of the foreign services, the social culture of the country, the technological advancement in the
growth of the job, the legislations of the country. These regulations develop the country's
environmental laws. The PESTLE is the key factor shaping market and organization
activities. The foreign exchange rate would affect the company's assets and profits. When
planning a market plan, it is important to take care of this. The optimistic change in PESTLE
provides our business with opportunities, but the negative change in PESTLE is a challenge
to our company (Nandonde, et al., 2019).
6. Strategic plan
Executive Summary
A business dealing with a local food commodity is The Native Bush Spices. In the year 2010,
it was built in Coffs Harbour, NSW. There is an organic credential for the firm. The business
contract covers numerous product lines, such as native herbal teas, tropical herbs and spices,
and jams and preserves of native fruits (Ropianto, et al., 2017).
Vision
The aim of the business is to develop the business as the most requested and respectful
business in the area of native bush spices.
Mission
The goal of the organization is to give a single consumer the highest quality product.
Our Values are
The worth of business is to honor any client's decision, behave with dignity, and concern
about our workers, our clients, society, the world, and customers. The importance of creative
innovations is to become a market pioneer.
Strategic objective
The strategic objectives of the company are: –
growing trades.
Develop product responsiveness.
Promoting the scope of the product.
Growing the market internationally.
To grow the business in South East Asia, such as Hong Kong, Japan, Singapore (Ropianto, et
al., 2017).
The market
In the present business, the firm has a strong reputation. A range of independent retailers and
health stores across Australia offer the company's products.
Market characteristics & conditions
The target customers of the business are those who love decadent foods. The age range of
Australian customers consuming their goods varies from 35 to 65 years. Many of their clients
are health-conscious, think for environmental conservation, and have an annual turnover of
$80,000.
PESTLE analysis
The PESTLE appraisal impacts the enterprise in several respects. To grow the business in
that region, the political policies of the same country control the company. An external aspect
such as exchange rate, dollar value, etc. influences the company's investment and income. In
the country, the social culture, patterns, and demand affect the stability and development of
our business. The program influences the progress of the enterprise. Legal rules and
legislation control the laws enforced by companies.
SWOT analysis
Strength Weakness
The company is reflecting god impression
and image in the market through its
performance.
As the company wants to establish its
business in the foreign market and so there
is a shortage in the knowledge of the
foreign trades.
Opportunities Threats
The company is enhancing the scope of the
product.
Transformation in the external affecting the
growth of the business.
Actions
Actions Timelines Responsibility Key performance
indicator
Enhancement in the scope of
the product
Between 2
months
Product
manager
The increasing desire
for the product.
Escalating the marketing 1 month Marketing
manager
More responsiveness
to the product.
Adding more clients 1 month Marketing and
operational
manager
Increasing the demand
for the product.
Growing overseas business 6 months or CEO, managers, Multiplying the
growth. more human resource
managers.
business
internationally.
Implementing more
technologies.
1 month Technical
department.
The increasing scope
of the product.
Customer satisfaction and
delivery of the product.
1 month Business
process
department
Positive feedback
from the customers.
7. Email to the assessor
To: – Head@NBSpice.com.au.in
From: – Manager@NBSpice.com.au.in
CC: – Seniormanger@NBSpice.com.au.in
Date: 2021
Subject: submitting the strategic plan.
Respected sir,
Hello sir, I have created a complete strategic plan for the effective development of the
company. Here I am attaching the complete strategic plan includes the necessary strategies
and goals. Hope it will bring a positive response.
Thank you
Manager
8. updated strategic plan.
Vision mission and values
The organization's goal is to have a vision of being the most wanted enterprise with the
highest quality product and services. Respect, honesty, and consideration for clients and
employees are part of the worth.
Vision, Mission, values
The mission of the company is to provide the best quality product with a vision of becoming
the most demanding company. The value includes respect, integrity, and care for customers
and staff.
Strategic Objectives
the company’s enhancement in the demand f the product, and setting the business in the
foreign is its main key objective.
The market
The firm is now planning to shift to foreign markets, especially Hong Kong, Japan, and
Singapore, including South-East Asia.
Market characteristics & conditions
The target clients of the business are those who love gourmet foods. Australian customers
consuming their goods are between 35 and 65 years of age. The bulk of their clients are
health-conscious, think for environmental conservation, and have an annual salary of $80,000
(Bowen, 2018).
PESTLE Analysis
The PESTLE analysis is an important feature to analyze the company's political, economic,
social, technological, legal, and environmental factors.
.
Situation Analysis
Strengths Weaknesses
The company has earned a good image in
the eyes of the customers.
Increasing challenges and competitors
Opportunity Treats
Establishing business overseas. Transformation in the external factors.
Actions
Actions Timelines Responsibility Key performance
indicator
Growing business worldwide. 6 months to
one year
Senior
authorities
Reaching foreign
customer's demands
Inventing more logic. 2 months HRM and
technical head.
The growing scope of
the product.
Increment in the product
socialization
1 month Marketing
manager.
Increasing demands.
More varieties in the product 2 months product manager Increasing supply of
the product
Customer satisfaction 1 month Business head Increasing in their
desires and
satisfaction.
Adding more clients 2-3 months Supervisors The escalation in the
product service.
9. Email to the assessor
To: Head@NSpice.com.au.in
From: – Manager@NSpice.com.au.in
CC: Seniormanager@NativeBushSpice.com.au.in
Date: 15-02-2021
Subject: – submitting updated strategic
Respected sir,
Hello sir, I have attached an updated strategic plan, as the above strategic plan needed
some transformations. Here I am attaching some changed strategies and goals.
Thank you
Manager
Assessment task 4
1. Report for the management
Analysis and report on the provided data
The profits of the organization were raised by $ 2,50,000 following the adoption of the
strategic strategy. In Hong Kong and Singapore, the corporation is expanding. In the overseas
market, the gross sale is $ 70,000. In partnership promotion, there is little development and
no appropriate partner to be obtained. The corporation is unable to find a new product line for
their company.
Comment on whether performance indicators have been achieved
As they gain growth in growing their revenue, make consumers conscious, and extending
business in a foreign country, the efficiency metric is accomplished by the corporation.
Recommendations
The firm requires to pursue a new concept for the next year that allows the company to
expand the variety of goods and increase the sales margin. The corporation needs to
concentrate on the rising demand of many other nations. This lets the business draw more
clients and gain a higher gain surplus. In order to further grow their product, the organization
must find a fitting marketing partner and partnership. In the foreign market, the organization
would raise its revenue and increase its profits.
Best practice strategic planning processes
To accomplish a strategic strategy, the initiatives to be adopted seem to be to establish a
creative concept in the enterprise that allows the organization to grow the business in the
international market and gain more profit by growing revenue. The actions and behaviors to
be adopted to accomplish an organization's conventions are to establish in the company a
creative concept that allows the company to succeed in the global market sector and generate
more customers by growing revenue. In a way to garner additional clients and raise market
presence, the organization must strengthen the case for promotions. Over the next 3 years, the
corporate mission is to maximize revenue, which is quick and productive to do with the
existing operational strategy.
2. Email to the Management Team
To: – Seniormanager@NBSpice.com.au.in
From: – Manager@NBSpice.com.au.in
CC: – Head@NBSpice.com.au.in
Date: 15-02-2021
Subject: – updated report
Respected sir,
Hello sir, I have attached the updated report that includes the inspection of the data that we
collected for executing the updated plan and policies. In the report, it is also found that the
company is highly active in attaining the key performance indicator and the suggestions
that were made to improve the strategic plan. These plans will support the organization for
the rapid and significant growth of the organization.
Thank you
Manager
References
Bromiley, P., McShane, M., Nair, A., & Rustambekov, E. (2015). Enterprise risk
management: Review, critique, and research directions. Long range planning, 48(4), 265-
276.
Cassidy, A. (2016). A practical guide to information systems strategic planning. CRC press.
Khoshbakht, M., Gou, Z., & Dupre, K. (2017). Cost-benefit prediction of green buildings:
SWOT analysis of research methods and recent applications. Procedia Engineering, 180,
167-178.
Pedersen, E. R. G., Gwozdz, W., & Hvass, K. K. (2018). Exploring the relationship between
business model innovation, corporate sustainability, and organisational values within the
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Shtal, T., Buriak, M., Ukubassova, G., Amirbekuly, Y., Toiboldinova, Z., & Tlegen, T.
(2018). Methods of analysis of the external environment of business activities.
Alegre, I., Berbegal-Mirabent, J., Guerrero, A., & Mas-Machuca, M. (2018). The real mission
of the mission statement: A systematic review of the literature. Journal of Management and
Organization, 24(4), 456-473.
Trivedi, K., Trivedi, P., & Goswami, V. (2018). Sustainable marketing strategies: Creating
business value by meeting consumer expectation. International Journal of Management,
Economics and Social Sciences (IJMESS), 7(2), 186-205.
Damanpour, F., Sanchez‐Henriquez, F., & Chiu, H. H. (2018). Internal and external sources
and the adoption of innovations in organizations. British Journal of Management, 29(4), 712-
730.
Tupa, J., Simota, J., & Steiner, F. (2017). Aspects of risk management implementation for Industry
4.0. Procedia manufacturing, 11, 1223-1230.
Gürel, E., & Tat, M. (2017). SWOT analysis: a theoretical review. Journal of International Social
Research, 10(51).
Nandonde, F. A. (2019). A PESTLE analysis of international retailing in the East African
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Ropianto, M., Rukun, K., Hardianto, M., Hayadi, B. H., Mesterjon, M., Utami, F. H., & Candra, M. O.
(2017, September). Optimization of Strategic Planning Organization in the Framework of Achievement
Objectives of Education. In 2nd International Conference on Education, Science, and Technology
(ICEST 2017). Atlantis Press.
Assessment Task – Tutorial Questions Assignment
Answer 1
Facts:
Munir has obtained loan as amount of $5000 (interest free) from the Good Mates Pty ltd
.Demanding the loan will in danger his health and unable to provide basic needs for his
family. Board waived the loan of Munir on compassionate reasons.
Rules and or cases:
Fringe benefit tax has levied on the employer. It is evaluated under Fringe Benefit Tax
Assessment Act 1986 and the imposition of tax is under Fringe Benefits Tax Act 1986.
In situations where the employer write-off a real obligation and the write-off is obligation for
details unconnected to the service association, a debt relinquishment fringe benefit does not
arise.
Application:
In the given case the Munir has suffering from financial hardship .Therefore; the employer
has waived the loan or writes off a genuine bad debt. As per the rule, when the employer
write-off a unaffected bad debt, debt relinquishment fringe benefit does not ascend.
Conclusion:
The conclusion has been made that fringe benefit does not arise. Therefore, the company is
not required to pay any fringe benefit tax (Australian Taxation office, 2021).
Answer 2
Cost base are the money value of the assets paid, acquisition indexation cost, improvement
Indexation cost, and cost of transfer.
Indexation of the cost base: Elements of a cost base (other than the assets acquired after 20
August 1991 but not use personal assets or collectables) may be indexed for inflation:
Assets was held for further period of 12 months.
Asset was acquired prior to 11:45 am on 21 September 1999
Choice to index has been made (Australian Taxation office, 2021).
The following formula is to be used in calculating the long-term capital gains tax payable:
Long-term capital gain = Total rate of consideration received or accruing – (acquisition
indexation cost+ improvement Indexation cost + cost of transfer),
=12000-(5000+1379.89+50)
=12000-6429.89
= 5570.11 Ans
Where:
Acquisition indexation cost= cost of achievement x cost inflation index of the year of
transfer/cost inflation index of the year of acquisition
5000*51.7/51.7=5000
Improvement Indexation cost = cost of improvement x cost inflation index of the year of
transfer/cost inflation index of the year of improvement =1500*51.7/56.2=1379.89
Capital gain tax = 5570.11*30%=1671.033
Answer 3
GST is introduced on July 1, 2020. It is owed at a uniform rate of 10% on purchases of the
most of belongings and amenities by listed organization and the goods admission. GST is
levied on taxable purchases and the taxable importation. It is not indicted on GST free
purchases, non-taxable importation and input taxed supplies.
In the given case the Alex ltd is an organization supplies the product of $22000 that is
inclusive of GST to Beta Ltd. On 1 August 2019 that is the local customer. The tax on the
amount of $22000 is paid to the account of GST by the Alex ltd. Beta paid the bill amount in
installment. Even though Beta is GST- non registered entity also paid the GST charge on the
amount of the product to the seller.
Answer 4
Assessable income − allowable deductions = taxable income
Calculation of Taxable income
Particulars Amount
in $
Employment income of Andre 63,013
Add
:PAYG withholding
16,467
Add: Dividend 1000
Total Assessable income 80480
Less :allowable deductions 500
Total Taxable income 79980
The estimated tax on your taxable income is $17,540.50
Particular Amount $
Total taxable liability $17540
Estimated tax rate 30%
Total income tax 5262
Medicare levy @2 %( $79980*2%) 1600
Medical surcharge 0% Nil
Tax offset (800)
Total tax payable or Net tax liability 6062
Answer5
Factors significantly affect tax avoidance are:
The substance and form of the scheme
Any change in the financial position of the pertinent tax payer that has resulted from
the arrangement.
The manner by which the game plan was shown up into or endorsed out
The bring about connection to the activity of the Demonstration
The nature of any associate on whether of family , business or other nature between
the relevant citizen and any individual referenced in the plan.
The different outcomes for the significant citizen or any individual alluded in the plan
having been conveyed or gone into.
Change in the monetary situation of any individual who has or had association
whether of the family , business or other nature with the pertinent tax payer may be
expected to be the outcome from scheme (Janský and Palanský, 2019)
Answer6
• net income = assessable income less allowable deductions Calculation of Taxable income
Particulars Amount
in $ Net profit of law firm( Profit divided equally
among three partners, therefore 1200000/3) 400000
Add Interest received 10,000
Total Assessable income 410000
Less :allowable professional subscription 300
Total Taxable income 409700
The estimated tax on Maria taxable income is $157,462.00
Amount earned by Maria from gambling is not included in partnership income.
References:
Ato.gov.au. 2021. Elements of the cost base and reduced cost base. [online] Available
at: <https://www.ato.gov.au/general/capital-gains-tax/working-out-your-capital-gain-
or-loss/cost-base/elements-of-the-cost-base-and-reduced-cost-base/> [Accessed 13
February 2021].
Australian Taxation office, 2021. [online] Available at:
<https://www.ato.gov.au/law/view/document?DocID=SAV/FBTGEMP/00009&PiT=9999123123
5958/#:~:text=A%20debt%20waiver%20fringe%20benefit%20arises%20where%20you%20(
the%20employer,related%20to%20the%20employment%20relationship.&text=the%20emplo
yer%20is%20able%20to,made%20to%20recover%20the%20debt> [Accessed 13 February
2021].
Janský, P. and Palanský, M., 2019. Estimating the scale of profit shifting and tax
revenue losses related to foreign direct investment. International Tax and Public
Finance, 26(5), pp.1048-1103.
Pattiasina, V., Tammubua, M.H., Numberi, A., Patiran, A. and Temalagi, S., 2019. Capital
Intensity and Tax Avoidance: an Indonesian Case. International journal of social sciences
and humanities, 3(1), pp.58-71.
It takes strategic preparation to help an individual to become an influential, engaged, and social
member of their society. You should cooperate with the individual, With disabilities, you help
set targets and select viable choices that match their needs, priorities, and interests. In the phases
of preparing, arranging, and executing an activity schedule, you will help an individual work.
This initiative would improve coping knowledge and training a person to actively engage in
planning their recreation, interests, and social pursuits. Remember to encourage the individual
with a disability to guide the assistance as far as possible, while there may be instances when
feedback from others, such as relatives, is needed. (Witvorapong, et al., (2015))
Knowledge on how to fulfill an individual’s criteria can already be understood and registered,
which means you may not need to replicate it. You nevertheless, ought to ensure you have proper
authorization to view material from some other site and that it is indicated where you're going to use it. (Aw, et al., 2017))
Guidance on group engagement to meet needs of the individual with an impairment-
Previous policies and documents can differ greatly depending upon the frameworks and
mechanisms of support and funding currently being used by an individual. It could be necessary
to use a current scheme or text, but this must be done in compliance with applicable laws such as
the Privacy Act 1988 (C th ).
When a person's behavior needs and specifications have been established, it is important to
provide this knowledge to the person so they understand the opportunities, networks, and
resources available to them. They will then continue to make educated decisions about their
interests (Jeong, et al., 2019).
Persons with disabilities must be given appropriate details so they can make decisions about
community engagement opportunities, networks, and resources that fit best in their requirements and priorities. Insufficient knowledge could lead to a bad activity option or the person's needs
not being completely met.
Person-centered activities-
Individual practice is a conceptual philosophy that underpins most of the work within the
community services field. It is a strategy that puts the client at the center of the service
preparation and distribution, with all forms of assistance arising at that point.
Vision-
may not be conscious that someone is talking to them may disregard the agreed patterns of body
language and behaviors of a sighted person may only be able to comprehend information in
auditory mode or by braille may be annoyed by those who speak excessively to them as though
they cannot understand (Aw, et al.,. 2017).
Suitable facilities, equipment, and resources-
There are several various forms of mobility aids. These are typically unique to the particular
person and are often created especially to meet their needs. Help professionals ought to ensure
the client is aware of how a specific mobility aid works, and that they have a clear understanding
of its intent. If you are dealing with an individual that has a time frame, knows how to use it
efficiently and reliably, and how to help the person navigate and retain their aid. As a social
person, you need to be able to change your relational skills to suit the needs of the individuals
you support. (Caprara, et al., (2015))
Sports
Develop expertise, experience, and talents in engaging in sports that can assist in increasing
fitness, muscle mass, stamina, and other health trust by engaging in activity programs, respite
trips, out as well as about initiatives, arts and crafts initiatives or travel and related events.
Reconstruction
Learn to engage in leisure activities and interests or recreational activities that can be
done independently or in groups. Recreation programs can construct cognitive and physical
skills and help in building trust and the ability to engage and contribute actively within the group.
Living skills
Enhance skills relevant to tasks of everyday life such as handling personal finances, using public transit, or understanding what is required in social circumstances. Living skills
results can be accomplished by tasks such as going out, attending a library, reading a map to
find a specific street, or using personal organization skills to prepare for and attend a function in the neighborhood.
Workplace policy and procedure-
The networking services permit learners to be acquainted with linking computers. Students
unload and reassemble personal computers and systems, and examine, create, or adjust circuit
boards and for including. A strategy is a declaration that underlies how managerial problems
will be dealt with in an organization. It expresses institution principles and the institution
standards of staff behaviors. (Witvorapong, et al., (2015))
Employment act also strengthens and justify normal operating procedure in a workplace. Well-
crafted rules help employers handle workers more effectively by explicitly describing
appropriate and inappropriate performance in the organization, and set out the consequences of
not agreeing with such policies.
Management support- It is important to have executive sponsorship for the adoption or alteration of a policy, particularly when policies refer to job performance. The endorsement and modeling of the actions by senior management and subordinates would motivate employees to take serious action. (Jeong, et al., (2019))
Staff support-
Involve workers in designing and executing workplace strategies that encourage greater
knowledge, understanding, and ownership of the results. Staff engagement also helps to decide
how and what the policies should apply, and can aid in detecting potentially unintended
consequences of the policy.
Definition of policy-
Identify keywords used in the protocol at the outset so that workers understand what is said. The
strategy must clarify what is an appropriate and inappropriate practice in the industry. You may
need to provide detailed explanations to explain problem areas or undesirable types of behaviors.
Policy in writing-
Laws ought to be documented and given to both current and new workers. This covers a casual,
portion, and large staff including those on sick leave or job vacations. (Szarek-Iwaniuk et al.,
(2020))
Written policy-
Regulations must be written down and accepted by all workers. Try translating the rules into the
required tongues for workers here whose sentence doesn't Make Sense. Strategies must be
implemented uniformly across the organization. A violation of a policy should be dealt with
immediately and according to the protocols laid out in the policy. (Webber, et al., (2017))
Review- Check procedures periodically to ensure they remain current and by the developments within the organization. Where procedures are drastically modified they should be re-issued to all workers and the changes outlined to them to ensure they understand the organization's current directions.
Access to the client and/or their family members and career-
It’s not unusual for careers to feel like they don’t have much say in their caring role. Even in big families the burden of delivering care sometimes falls to one individual rather than being
divided. When an individual grows and the individuality and cognitive capacity increasing, it’s
easy to slip into the pit of becoming condescending. Even if an elderly adult is getting weak
and/or brain-damaged, it’s worth noting that they are a person with a lot of wisdom, and a person who once was able to stand on their own two feet. (Webber, et al., (2017))
Empathy is one of the most essential attributes any career wants to have. Aging can be a
frustrating and challenging experience for some older people, as things they used to find easy
become a difficulty that needs to be solved. (Jeong, et al., (2019))
Most caregivers will be essential for securing their patient’s eats, sleep, takes medicine, and
keeps meetings on schedule. The side consequences of not doing these things can be drastic, so
you’ll need to seek a caregiver you can count upon to ensure anything which should be
accomplished, is completed.
A career wants to be able to communicate with their customer to get them to navigate it, and a
better career can appreciate the feelings an older person may deal with as the and everyone who’s
spent sometime around an aging person acknowledges, senior citizens can be irritating. Sadly,
the inevitable passing of time also implies the crop circles do be peaks.
And everyone who’s spent sometime around an aging person acknowledges, senior citizens can
be irritating. Sadly, the inevitable passing of time also implies the crop circles do be peaks. Basic
tasks can take much longer to finish, anger, tiredness, or hostility on the part of the beloved could
become usual, and memory problems can be regular.
Reference
Aroogh, M. D., & Shahboulaghi, F. M. (2020). Social participation of older adults: A concept
analysis. International journal of community based nursing and midwifery, 8(1), 55.
Aw, S., Koh, G., Oh, Y. J., Wong, M. L., Vrijhoef, H. J., Harding, S. C., … & Hildon, Z. J.
(2017). Explaining the continuum of social participation among older adults in Singapore:
from'closed doors' to active ageing in multi-ethnic community settings. Journal of aging
studies, 42, 46-55.
Barclay, L., McDonald, R., Lentin, P., & Bourke‐Taylor, H. (2016). Facilitators and barriers to
social and community participation following spinal cord injury. Australian occupational
therapy journal, 63(1), 19-28.
Caprara, A., De Oliveira Lima, J. W., Rocha Peixoto, A. C., Vasconcelos Motta, C. M., Soares
Nobre, J. M., Sommerfeld, J., & Kroeger, A. (2015). Entomological impact and social
participation in dengue control: a cluster randomized trial in Fortaleza, Brazil. Transactions of
the Royal Society of Tropical Medicine and Hygiene, 109(2), 99-105.
Jeong, S., Inoue, Y., Kondo, K., Ide, K., Miyaguni, Y., Okada, E., … & Ojima, T. (2019).
Correlations between forgetfulness and social participation: Community diagnosing
indicators. International journal of environmental research and public health, 16(13), 2426.
Szarek-Iwaniuk, P., & Senetra, A. (2020). Access to ICT in Poland and the co-creation of urban
space in the process of modern social participation in a smart city—A Case
Study. Sustainability, 12(5), 2136.
Webber, M., & Fendt-Newlin, M. (2017). A review of social participation interventions for
people with mental health problems. Social psychiatry and psychiatric epidemiology, 52(4), 369-
380.
Witvorapong, N., Muttarak, R., & Pothisiri, W. (2015). Social participation and disaster risk
reduction behaviors in tsunami prone areas. PLoS one, 10(7), e0130862.
Introduction
British petroleum is a multinational oil and gas company that is associated with Britain. It was
directed by the explorer George Reynolds. It was directed under the allowance granted to
William Knox D’Arcy by the Shah of Iran.
Size
British Petroleum plc is one of the largest companies that include the gas, energy, and oil
industry globally. Its roots are in the Anglo Persian company that was founded in 1909. British
Petroleum was founded as the sixth-largest gas and Oil Company globally which is based on its
market value. It has reported 278.4 billion revenue in the United States dollar. It has been
mentioned in the top ten companies in the industry of oil and gas. It employs 70,200 people in all
its branches worldwide. It is one of the biggest international energy companies. Investors of the
United States could purchase the American Depositary shares that are based on the stock
exchange. Investors own 11% of the total income of the company (Abdelrehim, et al., 2017).
History
British Petroleum Company was known as Anglo- Persian Oil Company from 1909 to 1935. It
was known as the Anglo-Iranian Oil Company from 1935 to 1954. It was known as British
Petroleum Company limited from 1954 to 1982. It was known as the British Petroleum Company
PLC from 1982 to 1998. It is called BP Amoco from 1998 to 2000. It has become one of the
largest oil companies after the merger with Amoco Corporation in 1998. It has its headquarters in
London. In Persia, It was discovered through the discovery of oil in 1908. It has been scheduled
about the story of transitions. It has associated with different perspectives such as coal to oil, oil
to gas, onto dry land to deep water. It has been consumed with the original mix of energy sources
(Abdelrehim, et al., 2017).
Competitors
British Petroleum PLC's competitors are SABI, ENGIE, Chevron, OMV Group, SHV Energy,
Shell, Total, devon, and Oxy.
Saudi Basic Industries Corporation is one of the manufacturing companies that are specialized in
different aspects of chemicals. It was founded in 1976. It employs 33,000 employees.
Chevron is one of the companies that supply technology and aspects of energy. It was founded in
1879. Its total revenue is $105.8B.
What is it known for?
British Petroleum is known for its values and qualitative services. It has five aspects of values
that are followed in every perspective. It cares about the safe environment of the organization. It
is committed to providing energy services to the world safely. It is supposed to give respect to
each member. It has complained about the regulations and laws. It behaves in a positive way to
earn trust. They are excellent about the services provided in their operations. It is known for its
strong team management. Its code of conduct is to guide the right things as well as explanation to
make effective decisions.
What does it do?
British petroleum provides light, mobility, and heat to all the candidates globally. Its main aim is
to reexamine the energy for the ambition; people and planet to become a net-zero company in
upcoming years ( Doherty, et al., 2020). It is associated with the petroleum industry. It has been
integrated into different areas of the gas and oil industry. It includes the process of production,
exploration, distribution, refining, power generating, and marketing. It involves renewable
energy awareness in the smart grid as well as solar technology.
References
Doherty, N. A., & Smith, C. (2020). Corporate insurance strategy: the case of British
petroleum. Journal of Applied Corporate Finance, 32(1), 48-57.
Abdelrehim, N., Maltby, J., & Toms, S. (2015). Narrative reporting and crises: British Petroleum
and Shell, 1950–1958. Accounting History, 20(2), 138-157.
Abdelrehim, N., & Toms, S. (2017). The obsolescing bargain model and oil: the Anglo-Iranian
Oil Company 1933–1951. Business History, 59(4), 554-571.
