Business Environment



Assignment 1

Introduction

Qatar Petroleum is a state owned organization which is responsible for all phases oil and gas industry in Qatar. Qatar Petroleum was established in 1974. The main activities of Qatar Petroleum are to extract and refine crude oil. A prominent activity of Qatar Petroleum is also to condensate crude oil into domestic and export petroleum products. The operations of Qatar Petroleum also include production and export of LNG, GTL and NGL. Qatar Petroleum has a vast responsibility to bear all the functions related to oil and gas in the country. In order top accomplish its mission and fulfill its responsibilities, the organization maintains a healthy business environment in the corporation.

Mission, Vision and Values of Qatar Petroleum

Every organization has a vision, mission and values that become a standard for the organization to achieve its objectives. Qatar Petroleum also has a vision, mission objectives and values which they follow in order to achieve its objectives. The mission, vision and values of Qatar Petroleum are discussed as follows.

The mission statement of Qatar Petroleum is “to ensure that the country obtains increased benefits from its resources of petroleum by involving in all those activities directly or indirectly that would add value to the petroleum resources.

Qatar Petroleum has some prominent vision which involves some actions and operations that are mentioned as follows.

To build an organization with internationally competitive business and technical expertise.

To maximize the employment of capable Qatari nationals, and develop them to the competence level of the leading International Oil Company employees.

To provide the state with a reliable cash flow, of maximum value, from diversified business interests.

To meet National oil and gas demand in a cost-effective way.

The organization also includes prominent values which it endeavor to provide to its customers, suppliers and valuable partners. The prominent values of the Qatar Petroleum are mentioned as follows.

Setting an example in Qatar in personal and organizational integrity and transparency.

Promoting and rewarding based on merit, performance and competence.

Having total participation of an excellent diverse workforce, rendering our diversity a source of strength.

Communicating openly and working as a single integrated team.

Treating all people fairly and with mutual respect.

Stakeholders of Qatar Petroleum

The pool of stakeholders is divided into two groups which are internal and external. Stakeholders are basically individuals who claim to influence the business and activities of the organization. Internal claimants or stakeholders of Qatar Petroleum include the senior executives of the organization and the shareholders. The external pool of stakeholders of Qatar Petroleum is all the individual or groups that are connected to the business activities of the company. The external stakeholders of Qatar Petroleum include suppliers, customers, unions, competitors, local communities and the government.

The stakeholders of Qatar Petroleum influence the company because they expect that their individual demands will be satisfied by the organization. Stakeholders influence the business activities of Qatar Petroleum because they provide the company with capital to continue business. Government expects legal business according to the legislations prevailing for the relative business. Employees provide their labor services and skills for maintaining ...