Bp- Pest Analysis

Social Cultural Responsible buyers Responsible buyers or people concern with ecological impacts of embrocate on the environment could switch to choice sources like bio fuel. Consumerism The consumption pattern of the people is key here, now they may decide to substitute rock oil for gas and tomorrow vice versa. The protection or promotion of the interest of the consumer is a somewhat hard as they are unstable. Social mobility An exemplification of this is Leisure Time, people tend to move around more or travel when they are less busy and hence burn more fuel during these times. This affects the consumption rate of oil/gas. Technological Technological innovation and development companies investing on up(a) technical abilities through productivity (technical know- how) we have the examples of BP forming an innovation notice with the sole aim of delivering innovation results in areas of business renewal , cost reduction , health , safety and environment. Also companies much(prenominal) shell ,Bp ,Centrica and royal Dutch have been investing in the development of storage facilities for carbon emissions after the government archetype and set regulations by the EU on the on the aggregate of waste products to be let at by companies and at certain times.

Extraction cost As we all know the UK oil and gas industry is in serious Decline and has a foreseeable life span of about 40yrs.In the words of Tony Hayward, C.E.O. BP host we are not running out of oil, its scarce going to get harder and Harder to get it out of the ground and so; loads more expensive. When Extraction cost is high, furnish cost gets higher and that will have a sloshed impact on the industry. New technological strategies Oil companies such(prenominal) as Procter Gamble, Unilever and Bp Etc, have struggling with finding cost miserliness approaches to Improve on technology. A common argument set about these companies is the Outsourcing versus shared services strategy. Where in shared services the IT Organisations becomes... If you exigency to get a full essay, order it on our website: Orderessay

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