Running head: CASE STUDY ON RELIANCE PETROLEUM LIMITED 1Case Study on Reliance Petroleum LimitedNameInstitution
CASE STUDY ON RELIANCE PETROLEUM LIMITED 2Executive SummaryIn their operations, business organizations are supposed to make decisions that helps in sustainable competition and business activities. Some of the investment decisions that are made involve identification of the business opportunities and coming up with the various resources necessary to exploit the opportunity. This paper focuses on the investment opportunity by Reliance Petroleum Limited in oil industry. A survey research was done on the company’s business operations and how it identified the business opportunity. The entrepreneurial theories was be applied and the findings revealed that the reason behind formation of this company was to strengthen the global economy. It is assumed that the macroeconomic variables remain constant.
CASE STUDY ON RELIANCE PETROLEUM LIMITED 3IntroductionEntrepreneurship is defined as the process of identifying the business opportunities and coming up with the necessary resources so as to exploit the opportunity. Petroleum industry is one of the most attractive sectors since mots most companies in the current economy rely on petroleum products as a source of fuel (Gielnik et al., 2014). Despite the environmentalists championing against usage of oil due to the negative effects that petroleum products have brought, people still prefer as the main source of energy. This paper focuses on company operations taking Reliance Petroleum Company as its case study.Findings of the Research DoneEntrepreneurs are said to be possessing an extra eye that enables them to see beyond whatthe normal eye can see. According to Maunder (2011), any investor that intends to venture in thecurrent competitive market, must be able to identify the existing opportunity before any other investor spots it.