Petrochemical Industry of Saudi Arabia Dissertation

Petrochemical Industry of Saudi Arabia - Dissertation Example The petrochemical industry is regarded as one of the most important of all sectors in the economy of Saudi Arabia owing to the volume and proportion of revenue that it contributes to the national income of the nation. The records of the year 2005 state that Saudi Arabia consists of almost 250 petrochemical firms of diverse sizes which invest a gross yearly amount of US$ 29 billion in the industry. In addition, the nation is accountable for exporting petrochemical products worth US$ 3.2 billion. The nation is also home to the Saudi Arabian Basic Industries Corporation (SABIC), which is the world’s 11th largest producer of petroleum and also one of the world’s fastest growing companies (Shoult, 2006). At present, Saudi Arabia is the largest producer of oil in the world accounting for producing 10.5 million barrels per day annually, which serves the needs of one-tenth of the global population. The nation’s potential capacity is believed to be 262 billion barrels per day (Falola & Genova, 2005). The objectives of the present research paper could be stated as follows – †¢ Factors which enhance investment in a sector, i.e., what are the aspects that investors generally examine prior to making investments in a particular sector? †¢ Importance of investment behind the economic development of a nation. †¢ Petrochemical industry, being one of the pillaring sectors, deserves much of the government’s attention. This necessitates the purpose of the paper and the conclusion to be reached hence. Research aims will be – Figure out the extent to which petrochemical industry will be affected by market fluctuations Reach a conclusion regarding the appropriate step to be adopted by potential investors. Forecast the possible trend that the Saudi Arabian petrochemical industry is likely to adopt over the span of another quarter. This forecast could help the national

Opreating management Assignment Example | Topics and Well Written Essays - 3000 words

Opreating management - Assignment Example hin the business, the work role and responsibilities of the operations department is deemed to impose considerable impact upon business in any industry sector. Notably, operations management can be defined as form of management approach which deals with the aspect of designing along with controlling the production procedures within a business. It is apparent that operations management is regarded as one of the most significant sections of a business in the modern day context. It will not be ambiguous to depict that success or failure of any business in the present day context is immensely dependent on the efficiency of its operational domain (Bamford & Forrester, 2010). This particular discussion will outline the operations management process of a particular company i.e. McDonalds operating in the Lincoln Street of UK. It is evident that McDonalds is amid the most successful brands in the global fast food industry and its operations are spread worldwide. The company has a long historical background associated with it. The company has always been keen towards strengthening its manufacturing and logistic process. The operations of the company in the UK region have been considered quite successful owing to the efficient supply and operating network of the company throughout the country (Bamford & Forrester, 2010).. However, this particular assignment will mainly focus on depicting the operations management process of the company operating in the location of Lincoln Street. A transformation model is a particular framework that helps the management of business to comprehend the current scenario of the business and mitigate any fault or weaknesses existing thereon (The Center for Organizational Design, 2012). The model intends towards reducing the complexity for companies in business decision making. This aspect also corresponds with the scenario of the operations of McDonalds operating in the Lincoln Street of UK. Similar to other branches of McDonald’s, this unit