Saudi Aramco Company Strategic Report Summary

Saudi Aramco Company Strategic Report
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Saudi Aramco Company Strategic Report
Introduction
Saudi Aramco is a Saudi Arabian oil company that commenced as an Arabian oil company1920 following oil shortages from the American oil company. The company owns approximately 270 billion barrels of proven crude oil reserves, ranked second globally (Ahmed, Sultana, & Khan, 2018). Moreover, the company produces the highest daily products globally. The company follows various approaches to dominate the global economy regarding its oil production and revenue collection. Despites of its exemplary performances, the company, faces drawbacks and threats concerning its approach implementation. This paper will explore Aramco’s SWOT analysis and evaluate its political, cultural, legal, and economic challenges while operating in the United Kingdom.
Saudi Aramco Company SWOT analysis
Aramco’s strengths include spending on substitute energy, investing in high profile plans, efficient and substantial distribution networks, low blockades of market entry, creating brand image products that can sustain customers for over eighty years, and higher sales labor forces in terms of skilled personnel to run the company (Gruel & Tat, 2017).
Weaknesses the Saudi Aramco company has faced several weaknesses when conducting its business operations in the country. Some of these weaknesses include: deterioration benefits over the years, current years are declining replacements rates, inability to compete with other companies with similar products, which result in depreciating sales of manufactured goods, the rapid advancement of skilled workforce, mining cost, and processed crude oil pressing up the cost of innovation, and future benefits (Gruel & Tat, 2017).
The company has identified numerous opportunities for its products which include: burgeoning Asian-Pacific population and growing economy that will create a high potential need for energy demands, identification of new market gaps for oil and gas in different cities, and the discovery of innovative outputs, and exports potential (Gruel & Tat, 2017)
The company faces numerous threats which seems to disadvantage its effort to survive in competitive business atmospheres, which include: continued world recession, domestic strikes, and other world subjective factors, world economy threats, rapid high cost of mining crude oil, reduced benefits, and developing competition challenges, increase in labor costs, and internal regulation...