BUS 475 Week 2 Business Model & Strategic Plan Part I
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BUS 475 Week 2 Business Model & Strategic Plan Part I
Preview:
Business Model and Strategic Plan Part I
Looking into the future, Western Refining, Inc. must consider changes in U.S. energy consumption and the current maturity stage of oil refining as an industry. The current supply and demand for fossil fuels will change; therefore, refining companies like Western Refining must strategically plan to further diversify products for use in other industries and create new product lines in order to survive market disruption. The primary consideration that will drive the refining industry to modify existing business models is the inevitable increase of renewable energy sources as companies specializing in green technology work to develop cost-effective ways to produce renewable energy. Renewable energy will inevitably cause a reduction in demand for fossil fuels as an energy source, although other refined products such as asphalt, lubricants, and plastics will still be in high demand. According to Ahmed (2014),
BUS 475 Week 2 Business Model & Strategic Plan Part I
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http://homeworkregency.com/downloads/bus-475-week-2-business-model-strategic-plan-part-i/
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BUS 475 Week 2 Business Model & Strategic Plan Part I
Preview:
Business Model and Strategic Plan Part I
Looking into the future, Western Refining, Inc. must consider changes in U.S. energy consumption and the current maturity stage of oil refining as an industry. The current supply and demand for fossil fuels will change;...