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Petronas Swot Analysis

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1.1.1 PETRONAS Business & Operations
Petroliam Nasional Berhad or popularly known as PETRONAS, is Malaysia’s National Petroleum Corporation. Wholly-owned by the Malaysian Government, it was established in 1976, two (2) years after the Malaysian Petroleum Development Act (PDA 1974) was officialy enacted, thusly changing the landscape of the oil and gas business of Malaysia. Prior to the Petroleum Development Act, the oil and gas industry in Malaysia was loosely regulated, with the majority of profits earned from the sale of crude oil and petroleum products going to the foreign oil companies operating in Malaysia.
PETRONAS Vision Statement PETRONAS Mission Statemnet

To be a Leading Oil and Gas Multinational of Choice • We are a business entity …show more content…

PETRONAS in short, is and extensive and well structured company with many wholly-owned, partly and associate companies under it’s umbrella as per the table …show more content…

While business strategies remain at the forefront of PETRONAS’ global advancement, their talent management strategies are closely aligned to strengthen and inculcate a high performing culture based on the principles of competency, merit and performance.
Petronas Human Resource Management strategy is crafted, managed and implemented by PETRONAS Group Human Resource Division (GHRM). Consisting of various units that operates the various functions of human resource work from people planning, talent sourcing, people development, employee relations, remuneration, industrial relations and organisational design , GHRM is responsible to be a strategis partner to PETRONAS with regards in ensuring PETRONAS is always staffed with the right talent at the right time. Figure XX : PETRONAS Workforce Strength as of December

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