Strategic Management 2 Essay Example | Topics and Well Written Essays - 3000 words

Strategic Management 2 - Essay Example In this regard, effective strategic leadership has become an extremely important factor for companies for attaining competitive advantage (Pettigrew, 2012). A lot of factors can initiate the process of internationalisation of firms during the period of globalisation. These factors can either be traditional factors that include objectives like, resource and market seeking or emerging objectives like, attaining economies of scale and competitive positioning (Sminia and De Rond, 2012). This essay discusses the case of British Petroleum, a London-based oil and natural gas company and evaluates various aspects of strategic management of the company so as to identify the competitive advantage and elaborate on leadership of the company. The purpose of this paper is to shed light on the organisation’s current competitive advantages based on resource and capabilities view and dynamic possibilities. The international expansion of the company and its strategies in doing so has also been described. Leadership issues of the organisation during the period of international expansion have also been discussed in the final section. British Petroleum is one of the largest oil and natural gas companies of the world. The company has its headquarters in London and was incorporated on 1909. The BP group of companies works under BP Plc. The basic business model of British Petroleum comprises two main parts (BP plc, 2011). The first part is exploring and locating the natural gas and oils; and the second part is extraction of hydrocarbons making them commercially available. The company has a wide business model, which encompasses extraction, production and retail services of petrochemical products around the world. The petrochemical products produced by the company are used in production of a wide range of products, which are used in everyday life (BP plc, 2013). The exploration and production departments