Business Missions, Objectives, And Core Competencies On Their Strategic Planning

1.1 Assess the business missions, visions, objectives, goals, and core competencies on their strategic planning.
Mission
Mission is something that we are supposed to accomplish. Mission of PETRONAS was very clear and important to all employees and they will benefit from the direction of the company moving forward. PETRONAS is a business entity. Business entity is set up and managed as per commercial law in order to engage in business activities, some charitable works, or other activities that allowable. Most frequently, business entities are created to sell a product and a service. There are many types of business entities can be explained in the legal systems of various countries. Business entities including corporations, cooperatives, partnerships,

PETRONAS is trying to brace for low-oil prices to the customers because as you know petrol is going to finish in around 20 year time. Therefore, in order to save and preserve the petrol, PETRONAS had to lower the-oil prices. PETRONAS also investigated different technologies to increase ethane recovery and improve plant performance at the Gas Processing Plant A complex. On the other hand, PETRONAS has also taken a major step following by event to jack up its overseas income.
Core Competencies PETRONAS’ core competency is its abilityto provide the lowest prices of petrol in the country. In spite of the low prices, the quality of PETRONAS’ oil is able to compete with other gas companies. The low gas costs coupled with the high quality of its product allows PETRONAS to stay competitive in the market.PETRONAS also gives good service to the customers by helping the customers put in the petrol, and while putting in the petrol they also help the customers to wash the car

This is a direct result of PETRONAS’ emphasize on advertising; PETRONAS produces a number of publications regularly to provide news and updates on the oil industry to the firm’s stakeholders. The oil corporation has an involvement in motorsports history since 1988 – when PETRONAS became the sponsor of a local rally team - and PETRONAS continues to maintain its presence in the motorsport scene. Today, PETRONAS’ involvement has grown to include providing sponsorships to different forms of the sport such as Formula 1. Apart from serving as a method of establishing the firm’s brand and image, the PETRONAS Motorsports sponsorship programme aims to provide the firm an opportunity to continue enhancing its fuel and lubricant products’ technological capabilities through continued research & development (R&D). The programme also provides a platform for the nurturing of PETRONAS Group’s technological capabilities in the field of automotive engineering. Besides its role in motorsports, PETRONAS also provides academic sponsorships to local students annually through its Education Sponsorship Programme. From as early as 1975, PETRONAS has handed out more than 30,000 sponsorships under this programme; in fact, Sponsorship Programme is PETRONAS’ way of contributing towards the development of Malaysia’s professional