SWOT Analysis of Saudi Aramco, King Khalid foundation and Al Hokair Group

Brief Introduction Into The Companies

Identify One Organisation That Represents Each Of The Following Sectors  Public Private Voluntary/Not For Profit Provide a Short Introduction To Each Of Your Chosen Organisations, Explaining The Products/Services They Provide And Who Their Customers Are Plus Any Other Information You Feel Is Relevant.

Explain Two Strengths And Weaknesses Of Each Organisation: One Strength And One Weakness That Is a Direct Result Of Them Operating In Their Particular Sector  One Strength And One Weakness That Specifically Relates To Your Chosen Organisation Rather Than The Sector In Which They Operate Your Answer.

SWOT analysis is a strategic tool used by organization in order to understand their strengths, weaknesses, opportunities and threats. It is in fact necessary for organizations to know their strengths and weaknesses such that the same can be used by them for taking advantage of different opportunities. The organisations selected for the purpose of this study are Saudi Aramco, King Khalid foundations and Al Hokair group (Saudiaramco.com 2020). The main aim of the paper is to discuss about the strength and weaknesses of the selected companies as a result of them operating in that particular sector and also one strengths and weaknesses inherent in them. Therefore the paper will discuss about a brief introduction of the selected companies and their strengths and weaknesses sue to the industry in which they are operating and also their inherent strengths and weaknesses.

King Khalid foundation is one of the charitable organizations based in Saudi Arabia ad is a family business of the late King Khalid. Therefore this organization that is run by the family is managed by the board of trustees. All the policies and practices of the foundation are drawn up by the board. Saudi Aramco is a natural gas and national petroleum providing company with its headquarters in the Saudi Arabia. The company is one of the largest due to its revenue generations. Some of the major products of Saudi Aramco comprises of natural gas, petrochemicals and petroleum (Almaiman, McLaughlin and Al-Ashaab 2017). And the Al Hokair groups are a tourism company based in Saudi Arabia. It belongs to the hospitality and entertainment industry. The group was started under the leadership of Sheikh Abdulmohsin Alhokair. And presently the group is having about 34 hotels and 79 entertainment centres that is operating across United Arab Emirates and Saudi Arabia.

One of the major advantages that is available to Saudi Aramco is that it belongs to the industry of petroleum and gas that is having higher prospects in Saudi Arabia. This major advantage is clear from the fact that Saudi Arabia has been ranked as second in having oil reserves throughout the world and it is also one of the largest exporters of petroleum. The King Khalid foundation has an advantage in its sector because the government of Saudi Arab has recently announced its plans for 2030 which includes planning the ecosystem in a way that the focus remain on majorly three main sectors that is the government sector, the non-profit sector and the private sector. Therefore government is trying to encourage and thereby raise the contribution of these sectors to the GDP. Moreover the sector of tourism and hostility has also got high prospects for growth in Saudi Arabia. This is so because the tourism industry is going to be the priority for the economic development plan of the country in the year 2030 (Kkfeng.org 2020). One weakness of the oil and gas industry is that the government is planning to reduce the dependence of the country on its oil reserves. One of the weaknesses of the   non-profitable sector is that it takes too much time to be implemented in the country and therefore it is a lengthy process. On the other hand one major disadvantage of the tourism sector is that it becomes difficult to obtain a visa.

One of the major strengths of King Khalid foundation is that it provides employment to many local people. One of the major weaknesses of King Khalid foundation is that of exploitation of the workers. One of the major strengths of Saudi Aramco is that their cost of production of barrel is the lowest universally and one of the major weaknesses is that they suffer from corporate governance issues.

One of the major advantage of the Al Hokair groups is that their growth strategy is making them profitable and one of their major weaknesses is that they operate on certain cultural values which makes it difficult for people from other countries and restricts their activities (Alhokair.com 2020).

Conclusion

Therefore from the above discussion, it can be concluded that it is necessary to identify the strengths and weaknesses of a company in relation to the industry to which they belong or in relation to their own organization. This is so because by knowing the strengths of the company it can take advantage of various opportunities existing in the external and internal environment. Moreover by knowing the weaknesses, the organization can try to overcome the same.  

References 

Alhokair.com (2020). AL HOKAIR GROUP. [online] Alhokair.com. Available at: https://www.alhokair.com/ [Accessed 25 Jan. 2020].

Almaiman, S., McLaughlin, P. and Al-Ashaab, A., 2017. Developing a framework to facilitate an improvement culture: the case of Saudi Arabia.

Kkfeng.org (2020). King Khalid Foundation. [online] Kkfeng.org. Available at: http://www.kkfeng.org/ [Accessed 25 Jan. 2020].

Saudiaramco.com (2020). Enabling opportunity. [online] Saudiaramco.com. Available at: https://www.saudiaramco.com/ [Accessed 25 Jan. 2020].