(Mt) – MGT 321 SEU Saudi Aramco Report

View attached explanation and answer. Let me know if you have any questions.Helo! how are you doing ?this is my answer with an outline please let me know if you wish to change anything!😇‫المملكة العربية السعودية‬‫وزارة التعليم‬‫الجامعة السعودية اإللكترونية‬Kingdom of Saudi ArabiaMinistry of EducationSaudi Electronic UniversityCollege of Administrative and Financial SciencesAssignment 2Introduction to International Business (MGT 321)Due Date: 18/02/2023 @ 23:59Course Name: Introduction to InternationalBusinessCourse Code: MGT-321Student’s Name:Semester: SecondCRN:Student’s ID Number:Academic Year:2022-23-2ndFor Instructor’s Use onlyInstructor’s Name:Students’ Grade:Marks Obtained/Out of 15Level of Marks: High/Middle/LowGeneral Instructions – PLEASE READ THEM CAREFULLY••••••••The Assignment must be submitted on Blackboard (WORD format only) via allocatedfolder.Assignments submitted through email will not be accepted.Students are advised to make their work clear and well presented, marks may be reducedfor poor presentation. This includes filling your information on the cover page.Students must mention question number clearly in their answer.Late submission will NOT be accepted.Avoid plagiarism, the work should be in your own words, copying from students or otherresources without proper referencing will result in ZERO marks. No exceptions.All answered must be typed using Times New Roman (size 12, double-spaced) font. Nopictures containing text will be accepted and will be considered plagiarism).Submissions without this cover page will NOT be accepted.Learning Outcomes:• Discuss the reasons and methods of governments’ intervention in trade (CLO: 1.2)• Analyze the effects of culture, politics and economic systems in the context ofinternational business (CLO: 2.1)• Carry out effective self-evaluation through discussing economic systems in theinternational business context (CLO: 3.6)Report WritingSelect a Saudi company that operates in any of the GULF countries, and write a(minimum of 2000 word) report covering the following points (Citation of necessaryreferences is required):1. Present the study report with clear Introduction and Conclusion including your ownviews.(minimum words: 500, marks: 3)2. Using SWOT analysis, analyze the external and internal environment of yourselected company.(minimum words: 900, marks: 7)Strengths: Explain the strengths of the selected company;Weaknesses: Describe the areas of weakness in the company’s operations;Opportunities: Examine factors that may improve the company’s chances ofsuccess;Threats: Discuss the external threats to the business company’s success.3. Analyze the political, economic, cultural and legal challenges the companycurrently faces in any of the country it operates (select one country in which thecompany operates for this analysis).(minimum words: 600, marks: 5)AnswersIntroductionFor over a hundred years, Saudi Aramco has been a leading player in the global oil and gasindustry. Due to its large production volumes, the company has been able to become adominant force within the industry. Saudi Aramco, which is regarded as the biggest oil andgas company in the world, was founded in 1988. It has a global presence and employs over55,000 individuals.The operations of Saudi Aramco are located in various foreign countries such as Europe,Africa and South America, with joint ventures in Asia. This shows the company’s vitalglobal reach. Through its various business entry strategies, such as joint ventures and subsibling enterprises, it can expand its activities in other regions. Among its activities areexploration, transportation, production, refining, and distribution. The company’s structureis based on the principles of corporate governance. It has various departments that aredesigned to ensure that their actions are carried out according to the company’s goals andprocedures.State-owned Saudi Aramco is an energy company that produces and refines various typesof products, such as crude oil, gas, and petroleum. Park stated that the company managesmore than 260 billion barrels of crude oil and 250 quadrillion cubic feet of natural gas eachyear.Saudi Aramco is a company that has multiple international investors. It operates throughtwo different business models: upstream and downstream. The latter is focused on SaudiArabia.The upstream and downstream operations of Saudi Aramco are carried out by the company.At the latter stage, it explores for, develops, and produces gas and oil. It also engages inthe manufacture of various products, such as power …

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