Meeting the Challenge of Sustainable Business Essay

Meeting the Challenge of Sustainable Business - Essay congresswomantly, the paper recommends that the NIOC would respond through prioritized strategies increased environmental preservation programs, building technological capabilities, expanding programs for socioeconomic concerns, observe Irans geopolitical status as well as adjusting operations to cope in a stringent legal environment. This approach would ensure sustainability by minimizing unfavourable uncertainties.The global blood line environment is precise dynamic and present trends that could lead to the failure of the business. Analysis of the recent trends could give insight on time to come trends in the business environment and enable planners school long-term sustainable strategies for their company. This is important to ensure the businesses do not experience undesired difficulties that may lead to failure or decreased profits. The current business scenario for the oil industry could provide rich information on the anticipated scenario in the long emerging and enable oil firms such as the National Iranian Oil Company (NIOC) develop impressive sustainable strategies. The present oil business environment experience changes in geopolitical, technological, socioeconomic, legal and environmental factors profitable in developing sustainable response strategies for a firm. Current trends include increased environmental concerns overdue to pollution of oil products and practices of cutting costs to increase competitiveness. There are global politics on Irans oil supplies associated with involvement in the manufacture of nuclear weapons as well as arrest for terrorism. This paper will discuss about the present oil business scenario for NIOC to project the scenario in 2055 and develop sustainable response strategies for the companys future scenario.The global oil industry experience long concerns over the negative impacts of oil on the environment. Oil is the main source of pollution through emiss ions of ascorbic acid dioxide gas, which the main contributing factor in global warming