Saturday, February 22, 2020

British Petroleum Plc IT Analysis Assignment Example | Topics and Well Written Essays - 1000 words

British Petroleum Plc IT Analysis - Assignment Example The adaptation of cost leadership and differentiation strategies will help the company reach the next level through increased business efficiency, improved data processing and storage among other benefits. The two options go hand-in-hand during their implementation but, BP should consider implementing the cost leadership strategy first then implement differentiation strategy later. Cost leadership strategy enables a firm gain competitive advantage through reduction of economic costs below the competitors’ cost. On the other hand, differentiation strategy enables an organization to shift product development on the bases of cost of marketing of goods and services (Conklin & Sorrell 2010). By first implementing the differentiation strategy, BP will sand a better chance of implementing differentiation strategy. BP’s main objective is to become the leading oil and gas producing industry globally by adaptation of them modern I.T. services that assists in improving business en vironment. The BP I.T processes will be achieved through various strategies set aside by the company management that include value added preposition, target markets, cost factors, revenue drivers and revenue streams. All these strategies focus on the company becoming the cost leader in the market, which requires an implementation of the cost leadership strategic option. ... BP is a large industry with an extremely high volume of production of oil and gas. In addition, the company has specialized machines and proficient workforce that enable provide high quality products and services. The high volume of production places BP in a better position of lowering costs per unit production the implementation of cost leadership strategy easier and fast. In addition, the company can reduce its overhead costs through spreading different costs to other areas like advertisement. Moreover, by implementing this strategy BP will hold the strongest position in the industry and will be able to set floor prices for other companies to follow. The second strategy should follow cost leadership is differentiation option. After ensuring the company’s cost security, BP can come up with differentiation strategy that will increase the value of her products and services relative to the perceived value of other companies. BP will implement differentiation strategy by using fe atures that will make customers prefer the company products and services to those offered by competitors. The focus on high revenue and cost margins places BP in a better position to achieve and perfect economic performance. With I.T in place and low cost of products and services, customers will be more attracted to BP products and services because they are more valuable and have differentiation advantage. Question4 Write a proposal to BP on I.T integration to reducing cost Summary BP is the leading oil and gas production company and serves many customers globally. BP wishes to integrate I.T. systems in her operations in order to improve the overall efficiency in terms of customers’ services and products production. By establishing the

Thursday, February 6, 2020

Journal entry Essay Example | Topics and Well Written Essays - 250 words - 8

Journal entry - Essay Example News reporting needs to be as objective as possible because otherwise it could be construed as propaganda. People tend to only hear what they want to hear, so if they only are presented with one political or social opinion then they will likely widely believe anything because it fits their predetermined point of view. News reporting is a vital service necessary to keep the population informed of important national and world events. If news reporting is not objective then the lines between truth and fiction will become blurred. This is a serious concern to everyone no matter his or her political persuasion. Without another point of view to balance a news story, there will be two contrasting views of the news, neither of which will be centered or based on fact. In terms of politics, this will result in a broken down system where neither side is able to trust the other because "their version" of the news will be very different. Once politics has reached that stage, the citizens will no longer trust the government because they will have their own conspiracy theories about the real intentions of politicians. The only way to prevent such a situation is to make sure that news reporting is kept as objective as possible by sticking to the facts and having very little opinion or emotional appeals included.