SWAT analysis about petroulium in the Kingdom of Bahrain Essay - 1

SWAT analysis about petroulium in the Kingdom of Bahrain - Essay Example The Bahrain kingdom has one largest company known as BAPCO (Bahrain Petroleum Company), which is owned by the Bahrain government. BAPCO is an integrated industry, which was instituted, in 1929 by Standard Oil industry. The company involves in oil refining, prospecting, exploration, drilling, production and distribution of gasoline products. It also exports crude oil and refined products as well as sales oil products in the global market. Therefore, the essay focuses on SWOT analysis as an effective tool for analyzing Bahrain petroleum industry, in the Kingdom of Bahrain. The SWOT analysis involves the internal and external factors that may be favorable or unfavorable in an industry. Many companies employ SWOT analysis in order to analyze the strengths and weaknesses as well as opportunities and threats for the business venture in order to achieve their stated objectives effectively. Bahrain is one of the economies that have been impacted by the economic crisis and the World War II deteriorated the economy. The kingdom also has little petroleum wealth than other economies in the Persian Gulf neighbors. Therefore, employing SWOT analysis will enable Bahrain Petroleum to improve their business activities; thus increasing their competitive advantage in the global market. Strength is the features of the business venture that provides advantages to the business over others. Therefore, assessing the strength of the company will enable it to achieve the set objectives efficiently (Gupta et al. 123). Bahrain Petroleum industry has enabled the Bahrain economy to diversify because of petroleum products, which is the main resource for Bahrain. The company has considerably improved it is performance rate in the recent because of successful diversification initiatives and abundant oil reserve resources. The higher economic diversification is also among the strengths that can enable the BAPCO Company to achieve effective business performance. The company