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Pakistan State Oli (PSO)
Covered By,
Ali Abdul Rehman (S22-0066)
Qazi Innam-ul-Haq MuhammadWasif Fahad INTRODUCTION Pakistan State Oil (PSO) is the oil market leader in Pakistan enjoying over 78.2% share of Black Oil market and 54.3% share of White Oil market. It is engaged in import, storage, distribution and marketing of various POL products, including Diesel, Fuel Oil, Jet Fuel, Kerosene, LPG, CNG and petro- chemicals. This blue chip company, the winner of "Karachi Stock Exchange Top Companies Award" and a member of World Economic Forum, has been a popular topic of case studies in Pakistan and abroad based on its radical corporate turnaround over the last few years. Our People,Our Strenth As an organisation, PSO understands the fundamental importance of people. We truly value not just our team but also the countless people that make up our network, our stakeholders, our customers and our partners across the nation. The pandemic that swept the world this year has taught us about the fragility and importance of the people around us and has shown us the dedication with which we persevered and so, this annual report aims to pay homage to the people that make up PSO's network, working tirelessly to continue fuelling Pakistan. Internal Assessment Internal environment is essential for any organization as it helps the company to formulate and adapt to the new strategies. Pakistan State Oil also needs to assess its internal environment before the formulation and implementation of any strategy. The internal environment consists of the way of management at the organization, marketing and advertising, financial situation, operational processes and the information management. In this section, we will first discuss the internal factors affecting Pakistan State Oil. Later, we will present an evaluation of PSO’s response to the key internal factors using the strategic management tool called Internal Factor Evaluation Matrix (IFEM). External Assessment The external environment is always important for a company’s performance; as it also helps in setting the tone for any organization’s future strategies. Pakistan State Oil is no different than other organizations. It has always been affected and influenced by the external environment that consists of Consumer Markets, Competitors, Technology, Suppliers, Labor Market, Economic condition and Regulatory Environment. In this section, we will first discuss a few of the external factors which are affecting Pakistan State Oil. Later, we will present an evaluation of PSO’s response to the external environment using the strategic management tool called External Factor Evaluation Matrix (EFEM). Strategies Pakistan State Oil needs to adopt the combination of following Low-cost Leadership, Market and Product development strategies. Research and improve alternate energy products such as Bio-Diesel and E10. Research and develop new products as White Oil substitute. Work out a formula and convince government to facilitate PSO debtors to pay off their liabilities to PSO. Conclusion Pakistan State Oil (PSO) is one in every of the most important firms of Asian country West Pakistan Asian country Asian nation. Before change of integrity the corporate, i think that it's simple to sell oil connected product because it nearly becomes a basic necessity of life. However throughout my on-line billet, I got surprise. There are unit challengers within the market that place hurdles and create it tough for you to try to business. To beat competition, an excellent level of skills and efforts were needed. PSO is doing quite well in competition. Its position as a market leader may be a proof of its greatness and potency. Overall company is playacting well however management should ought to concentrate on some areas significantly take steps to extend the sale of lubes either through market development as a result of in this specific space, opponents were sitting a significant threat and company is much behind. Thank You