...Discuss BP Connects revenue stream prior to and after the introduction of BP Connect BP Connects primary revenue source was gas and car wash. However, in 2001 BP Connects convenient store was opened featuring the trademark ,"Wild Bean Café," the BP Connects sport a sleek design and suntiles on the top of the gas station. In addition, the BP Connects are also known for having a kiosk offering internet connection. With the edition of the BP connect Stores, BP connects primary resource of profit revenue became the convenient store and the car wash. (Maclean, 2010) Identify the needs that BP Connect is meeting for the customer? According to The BP executive on the video, research showed that most Americans eat breakfast on the go; by creating the Wild Bean Café and offering free WiFi, they are ensuring that customers have one stop shop experience and return daily, instead of the weakly gas fill up. (Maclean, 2010) Discuss why BP changed its product offering? The profit margin in gas according to the BP executive is very low. Customers only need to fill up gas weekly or bi-weekly. BP wanted consistent contact with their customers by offering convenient store type of products, a café, and creating a separate brand that would bring the customers in daily. (Maclean, 2010) Location is an important variable for retailers. Discuss how BP Connects location increased or decreased the likelihood of an exchange BP has the best locations. Most of the gas stations are on intersections...
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...Discuss BP Connect’s revenue stream prior to and after the introduction of BP Connect. The sale of fuel is considered a transaction driver but it did not generate enough income for BP. After BP initiated the BP Connect store portion to its sale of gasoline they immediately noticed an increase in revenue and sales. With BP Connect customers are returning 2-3 times a day to pick up items in the store such as breakfast muffins, Gatorade, papers, and everyday items that help customers get through their daily work day. In other words BP is making a lot more money with the addition of BP Connect than it ever did just by selling fuel. Identify the needs that BP Connect is meeting for the customer? BP Connect supplies customers with a convenient place to pick up the items they need and use every day and even 2-3 times a day. The customer can buy a soft drink, lunch, a snack, and even small needed items without the necessity of going to a large supermarket. And they can do this at the same time they are refueling their car or truck. This is a great convenience and wildly popular with today’s consumers. It helps the customer save time and provides them with a resource to shorten their day by not having to go to multiple places to get what they want and need. Discuss why BP changed its product offering? BP was unable to increase its revenue stream just by continuing to sell only fuel. By branching out in its product offering by selling food and fuel they have greatly increased...
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...British Petroleum (BP): Functions of Management MGT330: Management for Organization Marsha Bicknell February 18, 2013 Instructor: Aaron Bangerter British Petroleum (BP): Functions of Management British Petroleum (BP) is a service station offering different types of products to a diversity of customers. As an employee or cashier working for British Petroleum (BP), a person can see how sales reports and the ordering of products are part of the five functions for effective management. Taking a closer look into the five functions, such as planning, organizing, staffing, leading and controlling for effective management we can see how they are incorporated by the BP, where I work. Since, I begin work at this BP I have noticed how the sales reports provided for an aid in ordering of products. The following four steps are involved in the planning function of management: * Examining the company's internal and external environments to discover company strengths and weaknesses and emerging opportunities and threats * Determining which goals the organization will pursue * Choosing strategies, tactics, and operational plans to achieve company goals * Allocating organizational resources to pursue the company's goals (Reilly, Minnick, & Baack, sect 1.3). Planning allows managers to choose appropriate organizational goals and identify the courses of action that is best to reach their goals. With the daily reports taken on the different shift and paper...
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...British Petroleum Company, better known as BP, is an oil and petroleum conglomerate that has serviced consumers’ needs since approximately 1909. When it was first founded by William Knox D’Arcy the company was known as the Anglo-Persian Oil Company (BP Global, 1996-2012). The first few years of business was shaky Winston Churchill believed in its success and supported the oil movement. His speech captured the attention of the United Kingdom government so remarkably that they endorsed and became investors of the Anglo-Persian Oil Company (APOC) (BP Global, 1996-2012). With the growth of heating and automobiles powered by gasoline came the rising success of the APOC. In 1935 Persia renamed its country Iran, thus sparking the company name change to Anglo-Iranian Oil Company (AIOC) (BP Global, 1996-2012). After many ups and downs during and following World War II, the year was 1964 when the AOIC took on its third and present name change to British Petroleum Company, better known as BP(BP Global, 1996-2012). British Petroleum Company is currently a one of the world’s top ranked oil suppliers. With recent economic changes, BP has formed new subdivisions in order to maintain revenue and appeal to consumers. The British Petroleum Company’s presence exists in all 7 global continents. Many of these worldwide operations have partnered up with local affiliates in order to serve all communities. All businesses do not boats the name or BP logo but the services are similar and quality...
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...BP From Wikipedia, the free encyclopedia This is the latest accepted revision, accepted on 2 October 2010.Jump to: navigation, search This article is about the energy corporation. For other uses, see BP (disambiguation). For information on the oil spill from the Deepwater Horizon rig, see Deepwater Horizon oil spill. BP p.l.c. Type Public limited company (LSE: BP, NYSE: BP) Industry Oil and natural gas, alternative fuels Founded 1909 (as the Anglo-Persian Oil Company) 1954 (as the British Petroleum Company) 1998 (merger of British Petroleum and Amoco) Headquarters London, United Kingdom Area served Worldwide Key people Carl-Henric Svanberg (Chairman) Tony Hayward (CEO) Bob Dudley (Director, CEO (appointed)) Byron Grote (CFO)[1] Products BP petroleum and derived products BP service stations Air BP Aviation Fuels Castrol motor oil ARCO gas stations am/pm convenience stores Aral service stations solar panels Revenue US $246.1 billion (2009)[2] Operating income US $26.43 billion (2009)[2] Net income US $16.58 billion (2009)[2] Total assets US $236.0 billion (2009) Total equity US $101.6 billion (2009) Employees 80,300 (Dec 2009)[3] Website BP.com A 1922 BP advertisement.BP p.l.c.[4][5] (LSE: BP, NYSE: BP) is a global oil and gas company headquartered in London, United Kingdom. It is the third largest energy company and the fourth largest company in the world measured by revenues and is one of the six oil and gas "supermajors".[6][7] ...
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...Assignment Page 1 Planning Paper As assuming the role as a executive for a major company such as BP you can often expect to prepare presentations and present them for the board of directors. When you are in the meetings it’s generally about updates and informing the board members of the organization’s direction and potential changes that may be implemented. The first thing that has to happen is that the two structures of differentiation and integration will have to come together in efforts to help with the planning phase of this project. The goals of BP Oil Company are to become the world’s number one supplier of oil and to be the wealthiest organization in the oil industry. However there are a few other competitors that the company has to stay in competition with, such as Amoco Oil Company, and Wa-Wa, Exxon Mobile Gas Company as well as Sunoco, Gulf Gas and a few other local gas stations. Each state in the Unites States happens to have their own local gas stations some are the small “mom and pop” type of business within a rural town or area. And in the urban and suburban localities there are a lot of franchises of BP oil called Valero and a different mixture of the other competitors as well. Alongside of those franchises BP is the companies name and the goal is to start a better form of marketing and maintaining the company’s image as well. Some of the franchise has seemed to have...
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...Retail Location Analysis: A Case Study of Burger King & McDonald’s in Portage & Summit Counties, Ohio A thesis submitted to the College of Arts of Kent State University in partial fulfillment of the requirements for the degree of Masters of Arts by Niti Duggal December, 2007 Thesis written by Niti Duggal B.A. (Hons), University of Delhi, India 1996 M.A., Jawaharlal Nehru University, New Delhi, India 1998 MPhil, Jawaharlal Nehru University, New Delhi, India 2001 M.A., Kent State University, 2007 Approved by ____________________________________, Advisor Dr. Jay Lee ____________________________________, Chair, Department of Geography Dr. Jay Lee ____________________________________, Dean, College of Arts and Sciences Dr. Jerry Feezel ii Table of Contents Table of Contents ……………………………………………………………….. iii List of Maps and Figures …………………………………………….………….. v List of Tables …………………………………………………………………… viii Acknowledgments ……………………………………………………………… ix Chapter 1: Introduction …………………………………………………………..…… 1 1.1 Research Objectives ............................................................................ 2 1.2 Summary …………………………………………………..…..……. 4 2: Problem Statements ………………………………………………...……. 6 2.1 Size and Shape of the Retail Trade Area………….……………....…. 6 2.2 Summary………………………………………..………………...….. 9 3: Literature Review ………………………………………………………… 11 3.1 GIS for Business and service Sector Planning ……………………….11 3.2 GIS as a Tool for Retail Location Decisions………………………...
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...History of BP NZ The British Petroleum Company of New Zealand was established in 1946. It was 51% owned by the New Zealand Government and 49% by Anglo-Iranian Oil. By 1949, BP began selling petrol in most parts of New Zealand. In 1955 the New Zealand Government sold their shares in British Petroleum to the company and in 1957 the name was changed to BP New Zealand Ltd. New Zealand’s only refinery, in which BP has shares, opened in 1964 at Marsden Point. The 1970s were a time of great change. BP invested in a range of ventures in New Zealand, including becoming involved in salmon farming on the shores of Stewart Island and an extensive forest farm on the North Island’s east coast. BP New Zealand took a 60% interest in Europa in 1972. The combined group became New Zealand’s largest marketer of petroleum products. The two companies continued to operate independently with two separate brands until 1989. On the world stage oil prices were extremely volatile, sky rocketing from US$2.90 in early 1973 to US$35 by 1979. At this point New Zealand introduced car less days, restricted service station hours and an 80kph speed limited. There were more changes in store for BP and the industry in the 1980s, with unleaded petrol, CNG and LPG becoming available to New Zealand drivers. 1981 saw the introduction of ‘Service with a Smurf’, as people throughout New Zealand got caught up in ‘Smurfmania’ collecting the little blue figures from BP stations. The New Zealand oil industry was deregulated...
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...Nectar Case Marketing 530 - Team 3 1. Is there any evidence that the program pays out for Sainsbury? Elaborate. * Nectar collected information on customers that helped Sainsbury’s to determine what stock to carry in which stores and to do more targeted marketing to customers. * Sainsbury’s had been losing market share, but after using Nectar’s rewards coalition their customers were spending more money than when they were using Sainsbury’s stand-alone points program. In fact, weekly spending was 40% greater at Sainsbury’s among people collecting points from the store and two other sponsors in the program. In addition, with each new added sponsor the amount spent at Sainsbury’s increased. For customers that earned points from 5 sponsors, their spending at the grocery store increased by 100%. * The benefit of using Nectar was to get customers to spend more per transaction and more frequently at the store, acquire customers that were customers of other Nectar partners, retain current customers, and up-sell customers higher margin products through incentives from the program. * The rewards program increased the competition for selling gas between Sainsbury’s and BP, but at the same time helped both companies take market share from retailers that did not offer Nectar points. * Conversely, though the majority of point were earned at Sansbury’s, there was a steady decrease in its importance throughout the year. Originally four out of five users redeemed...
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...dictionary defines an oxymoron as a figure of speech that combines contradictory terms. Examples of this are dark light or living dead. This term is related with business because although most companies have a small book outlining ethics and guidelines that should be followed on a daily basis, many of them do not fully comply. The oxymoron “American Business Ethics” contradicts American Business with Ethics. The ethics of many American companies are not law but should be treated as such however these regulations are rarely followed and sometimes not followed at all. The risks that companies have been taking to increase profits and put more money into the CEO’s pockets use illegal actions. In recent times, companies such as Enron, Wal-Mart and BP have been guilty of multiple charges against ethical principles which have led to bankruptcies, housing market crashes and environmental disasters. The most famous case related to Enron and their aggressive accounting practices of reporting losses as profits to keep the stock price high. This act ultimately led to the bankruptcy of the company. Enron was founded in Omaha, Nebraska by Kenneth Lay in 1985. It was an American energy, commodities and services company based in Houston, Texas. Enron was once viewed as one of the best companies in America during its initial years of operation. Fortune magazine named Enron “America’s Most Innovative Company” for six consecutive years. Enron employed 20,000 employees, owned multiple pipelines and...
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...Introduction of Organization: Assignment is based on two Firms that is BP and Shell. To analyses the strategic business units (SBUs) of BP Solar and Shell Renewables within the alternative energy industry, which are part of British Petroleum (BP) and Royal/Dutch Shell Group (Shell), the world's second and third largest energy companies? Environmental analysis highlights the increasing volatility of the global energy market, which is driven by factors including demographics, urbanisation, income levels, market liberalisation and demand. What Does Macro Environment Mean? The conditions that exist in the economy as a whole, rather than in a particular sector or region. In general, the macro environment will include trends in gross domestic product (GDP), inflation, employment, spending, and monetary and fiscal policy. The macro environment is closely linked to the general business cycle, as opposed to the performance of an individual business sector. (www.investopedia.com ) Major external and uncontrollable factors that influence an organization's decision making, and affect its performance and strategies. These factors include the economic, demographics, legal, political, and social conditions, technological changes, and natural forces. Factors that influence a company's or product's development but that are outside of the company's control. For example, the macro environment could include competitors, changes in interest rates, changes in cultural tastes, or government...
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...3.1. British Petroleum (BP) British Petroleum is a company, which focuses mainly on petroleum, but has some interest in alternative energy. It is one of the world’s largest oil and gas companies, which serves over 13 million consumers in more than 100 countries. The market of alternative energy is not as well developed, nor as profitable as oil, but it is a good future investment with the recently raising environmental concerns. BP recognized this on time and entered the solar market in the year of 1973.( History of BP Solar ) 3.2. Background Formed in 1908, The British Petroleum Company was originally called The Anglo-Persian Oil Company. The current name was given in 1954. BP adopted a re-positioning strategy in 1997 and the group chief executive, Lord John Browne, addressed the threat of global warming. Even though the oil industry does not have a good reputation in taking responsibility, BP was put first on the list of Fortune Magazine’s Global 100 Companies on Corporate Strategy. (“Changing the Game.” Stanford Social Innovation Review ) 4. British Petroleum SWOT analysis 4.1. What is SWOT analysis? SWOT analysis is a useful tool for decision making and understanding a certain business. SWOT is an acronym for Strengths, Weaknesses (internal for a corporation), Opportunities and Treats (external for an organisation). SWOT analysis is functional for strategic planning, business planning, marketing, business and product development, as well as research...
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...the family interact with each other and in relation to the group as a whole are often referred to as family dynamics” (Bowles, 2011, para. 1). A following assessment of the BJ & BP’s family was completed using the Friedman Family Assessment Tool. History of Family BJ & BP meet at a mutual friend’s house in December 1999. They dated for almost two years before getting married on August 18, 2001. Their family is a blended family with three children CM, who is a 16-year-old girl, CJ. who is a seven-year old boy, and DM, who is a five- year old girl. The father, BP, is a 34-year-old Caucasian male of American Irish Catholic descent who has been working as a truck-driver for US Gas Company since 2006. During BP’s childhood he lived with his mother, then father, and then his grandparents and never received his high school diploma or GED. The mother, BJ, is also 34-year-old American Caucasian of mixed heritage. BJ was a teen mom delivering her 1st daughter, CM, one month before her 18th birthday. BJ and CM’s father were married in July, prior to CM’s birth, after BJ graduated from high school. BJ and CM”s father divorced 4 years later. After the divorce BJ and CM lived with BJ’s mother for two years before BJ and BP married. BJ currently works at the Secretary of Illinois State’s office as a secretary/data entry clerk for the grand jury. CM, CJ, and DM attend school within the Chicago Public School systems. CM’s high school is approximately one-mile from the home and CJ & DM’s elementary...
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...for 36 hours until the rig sank to bottom of the ocean. “Hydrocarbons continued to flow from the reservoir through the wellbore and the blowout preventer for 87 days, causing a spill of national significance” (Crisis Watch). The operations were controlled by BP Exploration & Production Inc., in which they held the lease contract as operators of Mississippi Canyon Block 252, which contains the Macondo Well. Deepwater Horizon exploration was to collect crude oil, one of the leading fuels in the world. After the explosion that shocked the nation, BP formed an investigation team that was in charge of gathering the facts surrounding the accident, analyzing available information and to identify possible causes and making recommendations to enable prevention of similar accidents in the future. The BP investigation Team began its work immediately in the aftermath of the accident, since gathering information directly from the explosion site was slightly out of the question immediately due to the horrendous events and lack of testimonies and vital facts, BP investigation team worked independently from other BP spill response activities and organizations collecting data directly from the rigs computer system which stores its information just like a plane with a black box. The concluding report presents an analysis of the events leading up the accident; eight key findings related to the accident were documented as key findings related to the...
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...collectors). Rob Gierkink, CEO of LMUK, was pleased with his team’s accomplishment. In March 2004 Justin King had just taken over as group chief executive at Sainsbury’s, the supermarket chain that was Nectar’s largest issuer of points. He saw that more than half of Sainsbury’s 240 million pound (₤) annual marketing budget went to Nectar and said: “Nectar represents a significant investment for Sainsbury’s, and I can’t help but feel that if we put the investment into more staff in our stores we’d see a better return. I was part of the senior management team that turned around the ASDA supermarket chain before it was sold to Wal-Mart, and the changes we made at ASDA were all about price and value for money. ASDA didn’t have a loyalty program.” He continued: But I do understand the value of knowing more about what our customers are doing dayto-day and this is part of the value we get from Nectar. We use the Nectar data on our customers to help us determine which stock to carry in which stores. The Nectar data also allows us to do much better and more targeted marketing to our customers. In six months time I’ll be presenting the new strategy for Sainsbury’s to City analysts [a reference to London’s investment banking community] including my view on Nectar. Joining Nectar 18 months ago was one of the biggest decisions of Sainsbury’s previous management team, and now I have to decide whether I’m behind it or not. The Founding of Nectar By the time they...
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