Question

Based on the Royal Dutch Shell case in the Box - Economic Perspectives), select an oil company or oil-dependent country economy and analyze their strategic response to the long-term impact of lower oil prices, Evaluate the firm's mission staternent or nation's policies as to whether or not their strategic position has a positive shareholder or stakeholder perspective. Be sure to consider the economic, social and environmental aspects

Answer 1

Saudi Arabia is one of the oil-dependent country economy in the world, their strategic response to the long-term impact of lower oil prices can be shifted towards natural gas, electricity, wind energy and renewable energy etc from oil. This will be positive shareholder or stakeholder perspective for the country's economic, social, and environmental aspects.

This will leads to the society how to use renewable energy in proper way for their uses in the country, socities lifestyle will changed, enviornment will be cleaner than before.