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Term Assignment1 2-9

Term Assignment1 2-9 - cannot control 3 In order to avoid...

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Professor Havens BUS 131B 9 February, 2009 Term Assignment 1) Petroleum company, BP, reported a loss of $3.3Billion for the first time in 7 years and it’s not expecting earnings to return any time soon due to the economy’s effect on demand. 2) This article relates to the planning phase of an organization where Chevron needs to figure out strategies in which they could achieve their goals through the macro-environments that they
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Unformatted text preview: cannot control. 3) In order to avoid having the losses have a significant impact on our company, we must decrease our expenses by laying off some 7,000 employees. 4) The impact this will have on Chevron is a 25% decrease in Revenues of $13.79Billion, because the price of oil will remain at 40 dollars a barrel or lower and the economy will keep the demand down....
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