Essays on Global Corporate Strategy on Global Oil, Gas, and Petrochemical Industry Case Study

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The paper "Global Corporate Strategy on Global Oil, Gas, and Petrochemical Industry" is a perfect example of a business case study.   In relation to the success of British Petroleum and Shell, the first part of this report will focus on discussing and analyzing how the corporate governance and corporate social responsibility of each of these two companies have contributed to the increase in the company’ s performance and operational efficiency including its ability to recruit and retain highly competitive individuals to join these two companies’ workforce. The second part of this report will focus on analyzing British Petroleum’ s network-level strategies as a way of creating a competitive advantage as compared to its close competitors whereas the third part of this report will focus on discussing the importance of creating a high-performance organizational culture. 2.

Corporate Governance and Corporate Social Responsibility: British Petroleum and Shell Corporate governance is all about having an effective system that aims to oversee the specific role and responsibility of the business owners, the board of directors, the chief executive officer and the rest of the shareholder (Colley et al. , 2005).

As common knowledge, business-related decision-making is crucial behind the success of a company. Though corporate governance; oil and petroleum companies (in general) can have a useful management framework which can be used in controlling short- and long-term informed decision-making process (Bassen and Kleinschmidt, 2006, p. 59). Because of the presence of a “ good internal control and risk management” system (Tsamenyi and Uddin, 2008, p. 469), oil and petroleum companies can benefit from the increase in profit caused by having a better business performance. Specifically, the business goal of British Petroleum is “ to maximize the long-term shareholder value through the allocation of its resources to activities in the oil, natural gas, petrochemicals and energy business” (BP, 2014a, p.

2).

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