Top five strategic planning techniques used in Malaysian oil and energy companies
Top five strategic planning techniques used in Malaysian oil and energy companies
Malaysia is a significant player in the global oil and gas industry, with a number of major companies operating in the country's energy sector. Here are some of the leading Malaysian oil and energy companies:
Petronas: Petronas is the national oil and gas company of Malaysia and is one of the largest publicly traded companies in the country. It has operations in over 50 countries and is involved in the exploration, development, production, and marketing of oil and gas resources.
Sapura Energy: Sapura Energy is an integrated oil and gas services and solutions provider that is headquartered in Malaysia. The company provides a range of services, including exploration and production, engineering and construction, drilling, and oilfield services.
Shell Malaysia: Shell Malaysia is a subsidiary of Royal Dutch Shell and has been operating in Malaysia since 1891. The company has a significant presence in the country's downstream sector, with interests in refining, marketing, and trading of petroleum products.
ExxonMobil Malaysia: ExxonMobil Malaysia is a subsidiary of ExxonMobil Corporation, one of the largest publicly traded companies in the world. The company has been operating in Malaysia since 1898 and is involved in the exploration, production, and marketing of oil and gas resources.
Murphy Oil Corporation: Murphy Oil Corporation is an independent exploration and production company that operates in Malaysia through its subsidiary, Murphy Oil Corporation (MOC). The company is involved in the exploration and production of oil and gas resources in offshore Malaysia.
In summary, Malaysia is home to a number of major oil and energy companies, including Petronas, Sapura Energy, Shell Malaysia, ExxonMobil Malaysia, and Murphy Oil Corporation. These companies are involved in a range of activities, from exploration and production to refining and marketing, and play a significant role in the country's economy. Here are some common strategic planning techniques that Malaysian oil and energy companies may use:
SWOT Analysis: SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis is a commonly used tool for analyzing the internal and external factors that can impact a company's performance. By identifying strengths, weaknesses, opportunities, and threats, Malaysian oil and energy companies can develop strategies to leverage their strengths, mitigate their weaknesses, capitalize on opportunities, and mitigate threats.
PESTLE Analysis: PESTLE (Political, Economic, Sociocultural, Technological, Legal, and Environmental) Analysis is another common tool used to analyze the external factors that can affect a company's performance. Malaysian oil and energy companies can use this analysis to identify the key trends and drivers of change in the industry and develop strategies to respond to them.
Scenario Planning: Scenario planning is a technique that involves developing different scenarios or possible futures based on different assumptions and factors. Malaysian oil and energy companies can use this technique to develop strategies that are flexible and can adapt to changing circumstances.
Balanced Scorecard: The Balanced Scorecard is a strategic management tool that enables companies to track and manage their performance against strategic goals. Malaysian oil and energy companies can use this tool to align their activities with their strategic objectives and monitor their progress towards achieving them.
Porter's Five Forces Analysis: Porter's Five Forces Analysis is a tool used to analyze the competitive environment of an industry. Malaysian oil and energy companies can use this tool to identify the key factors that influence the competitive dynamics of the industry and develop strategies to address them.