Contents
This report is based on the following requirement - - Analyzing the external environment is a critical step in recognizing and understanding the opportunities and threats that organizations face.
- Assuming that you are strategy specialist, take petroleum industry and automobile industry environments of your own country as the focal point :( Lebanon, Oman, Jordan, Kuwait, Egypt, Saudi Arabia, Sudan)
- Required:
- 1. Using Porter’s Five Forces that shape industry competition, critically analyze and discuss how the potential entry of Electric Cars will impact Petroleum Industry and Conventional Automobile (car) Industry in your own country. (1000 words)-60 Marks
- 2. Based on Question 1 above, suggest and critically discuss means by which a company can create sustainable competitive advantage. (500 words)-40 marks
Description
As a strategy specialist, a person will critically analyze the external petroleum as well as automobile industry environment of Saudi Arabia. It would critically analyze and discuss the impact of the potential entry of Electric cars on the petroleum industry in Saudi Arabia by using Porter’s five forces that shape competition. The forces that form competition are the threat of new participants, power of dealers, the threat of substitute goods, competitive rivals and power of consumers. Electric cars consist of several features such as produce no tailpipe emissions, contain battery packs for electric power and important means of transportation in the imminent periods (Kieckhäfer, Wachter and Spengler, 2017). The environment of the petroleum industry is accompanied by severe risks, threats or competition. The two forces will be discussed to analyze the way electric cars impact the petroleum industry.
