Strategy management Essay Example | Topics and Well Written Essays - 2500 words

Strategy management - Essay Example The company is leading independent oil company in Africa and they have increased the penetration of their operation in the continent by exploring new oil basins in Ghana. Average daily production capacity of the group is 78,300 barrels of oil. Production capacity of Tullow Oil plc has increased by 35% over the last one year while at the same time the company has achieved a profit after tax of $689 million in the year 2011 (Tullow Oil plc, 2013). Industry experts have pointed out that completion of $2.9 billion farm down in Uganda has helped Tullow Oil plc to achieve financial flexibility and inorganic growth. Industry Analysis The study will try to analyze the oil and gas sector of UK in order to analyze the business environment in which Tullow Oil plc is operating. Tullow group is basically a British firm hence it will be feasible to analyze the oil and gas industry dynamics of UK. ... large players who have achieved high degree of vertical integration in the field of oil exploration, oil refining, crude oil production, transportation and marketing. Buyer- seller relationship in the oil and gas industry of the country is flexible because a seller can act as buyer in particular stage of the transaction. There is a complex buyer seller relationship which decreases the buyer power significantly. There are two types of buyers such as individual buyer and institutional buyer in the oil and gas industry of UK. Generally institutional buyers such as chemical companies and independent retailers make large purchases from oil and gas companies hence loosing such a client would impact negatively on the revenue of big companies. Presence of buyers who make large purchases has forced oil and gas companies to customize product offering. Price of undifferentiated product portfolio such as crude oil and gas is dependent on the supply and demand equation created by mercantile excha nge of London, New York and Dubai, which has further decreased the buyer power. Overall the buyer power is assessed as moderate. Supplier Power Companies like Smith International, Schlumberger, Baker Hughes and Halliburton are major suppliers for large oil and gas companies in United Kingdom. Generally oil companies need technical supports such as polycrystalline diamond compact bits, measurement while drilling from suppliers in order to continue the operation (Market Line, 2012b). Supplier power is also dependent on demand and supply equation of the industry hence overall supplier power is assessed as moderate. New Entrants It is very difficult to analyze the threat of new entrant in the industry because there is a possibility that a company can work in one or more section of the value

Poverty Research Paper Example | Topics and Well Written Essays - 2250 words

Poverty - Research Paper Example The global poverty empirical analysis is far from reaching a consensus on remedies and causes of poverty. Nevertheless, as a consequence, philosophers are extremely divided with regard to who might be held responsible for poverty (individuals or groups). Humanity has been privileged to solve various problems such as finding cure for the insidious illnesses and extracting energy from diverse sources. However, they are unable or unwilling to find solutions to the greatest problem (poverty). The termination of the 20th century was characterized by a commitment by several countries to eradicate poverty. The same period was marked by success in the achievement of price stability. Credit was given to the Central Bank as a result of its adoption of new technologies in the conduction of monetary policies. Currently, some central banks have adopted inflation targeting. With this strategy at hand, the rate of interest is the principal tool used by the central banks in their endeavor to impleme nt monetary policy (Helder & Jose, 2007). Impact of Poverty on the Society The impacts of poverty are closely related, so that a single problem seldom occurs on its own. For example, poor sanitation triggers new and old diseases, whilst lack of adequate water and hunger make people continue living in poverty. Communities and societies that are impoverished mostly suffer from discrimination. As a result, they are prawn to poverty cycles. It results in lifelong troubles and handicaps that are transferred from generation to generation – for instance, lack of school education, lack of basic hygiene, and disease transmission (Jones, 2003). Poverty results in extremely low incomes and unemployment – for example, creates the environment where children cannot simply attend school. For those individuals who have the privilege of attending school, they don’t perceive how their hard work can improve their lives. This is because their parents do not improve on their everyda y tasks despite their efforts. Sociological readings have also proved that the impacts of poverty are always transferred from generation to generation. Routine, family values, and living standards leave a minute room for an individual to develop. The enduring need to provide for shelter and food has made individuals to forget other duties such as providing their children with satisfactory life through education. The impacts of poverty are similar, as they do not satisfy an individual need satisfactorily. People living in poverty are often unwell and emaciated, and due to this their lives become shorter. The normal impacts of poverty are lack of opportunities, physical and mental aliments, addiction and drug abuse, increased rates of crime, woman and child abuse, homelessness, education deprivation, and debt pressures. Economic Policy Solution to the Problem To find solutions to poverty, individuals should come up with a strategy that aids those people who are poor for purposes of ge tting them out of poverty and eliminating conditions that enable them to remain in poverty. The policy and strategies should take into consideration the holistic assessment of issues that contribute to an individual wellbeing, such as health care and financial services. Global poverty is the most challenging problem that can be addressed by organizational scholarships. A variety of issues related to poverty have been discussed at the World Economic