SABIC Prepared by Omar Al Morbati 200900208 Strategic management.

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SABIC Prepared by Omar Al Morbati 200900208 Strategic management

SABIC VISION STATEMENT Our aim is to become the world’s preferred manufacturer and marketer of chemical and metal products. SABIC Vision statement is one sentence SABIC Vision statement is strong and attainable It has the ability to market its products globally

SABIC MISSION STATEMENT SABIC's mission is to responsibly provide quality products and services through innovation, learning and operational excellence while sustaining maximum value for its stakeholders. SABIC encourages the innovative through incentive program SABIC has an annual meeting and exhibition about the innovation SABIC has special learning programs to all levels

SABIC MISSION STATEMENT SABIC supports its operation by the modern and best quality systems and equipments SABIC attracts diverse expertise from all over the world SABIC adopt the cost reduction policy in all it aspects to maximize the value of its shareholders

SABIC SOWT Analysis SABIC strength Good reputation Quality of its products Surviving in the last financial crisis SABIC has expertise SABIC has effective management organizational hierarchy

SABIC SOWT Analysis SABIC Weakness SABIC is distributed all over the world and this makes the management is critical High experience employee turnover Saudization The quality of services supplied by its contractors

SABIC SOWT Analysis SABIC Opportunity The low price of feed stock Saudi governments grants special prices for SABIC Political stability International joint ventures The ease of marketing

SABIC SOWT Analysis SABIC Threats Emerging of new competitors The power of its new competitors such as ARAMCO & DOW chemicals The decreasing of demand due to financial crisis such as Euro financial crisis

SABIC Strategies Each SABIC S’ units has its own unique marketing strategy SABIC uses Strategic Units (SBUs) model organizations stricture Chemicals Polymers Performance Chemicals Metals Fertilizers Innovative plastics

SABIC Strategies SABIC all units general strategy is the cost leadership SABIC benefits from the cheap natural resources in Saudi Arabia SABIC has a divers basket of products SABIC utilized the horizontal strategy in which it expands it operations in new geographic areas It acquired many companies in different continent to achieve it vision

SABIC Strategies SABIC has a yearly internal evaluation of all devotions objectives SABIC has a yearly internal audit SABIC has a yearly external audit conducted by famous associations

SABIC Sustainability SABIC will use finite natural resources It will invest in the renewal resources especially in the energy It will concentrate to reduce the energy of manufacturing and distributions SABIC encourages its employees and society to participate in the sustainability programs

Conclusion SABIC vision & mission statements are good and reasonable SABIC beliefs in strategy formulation, implementation and evaluation