Question
1. Critically discuss the key factors and forces in the general and industry environments that affect the demand for crude oil and consequently an oil
1. Critically discuss the key factors and forces in the general and industry environments that affect the demand for crude oil and consequently an oil company CONOCOPHILIP. Based on your findings in1, discuss how the pandemic COVID-19 affected ConocoPhillips' demand for its crude oil and its byproducts. From your own perspective, what should the chosen company do to keep its position locally and worldwide if this situation prevailed? Also, Discuss whether the chosen company's market position is supported by its value chain and other key internal resources. then Identify problems you think they are facing with respect to the current COVID-19 pandemic situation and Critically discuss how the COVID-19 pandemic affected the Business-Level-strategy of the chosen company petrochemical division. Suggest ways by which this division may sustain its competitive position in the future.
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