Published in Energy & Power category by MBA Skool Team
ONGC is one of the leading brands in the energy & power sector. ONGC SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of ONGC:
ONGC is Indias largest crude oil and natural gas producer
Strong brand name of ONGC company
High profit making and high revenues
Has over 30,000 employees in its workforce
ONGC produces about 30% of India's crude oil requirement
Contributes 70%+ of India's crude oil production and 80%+ of India's natural gas production
Commemorative Coin set was released to mark 50 Years of ONGC
Strong advertising and branding of the company along with recognition from several awards
Owned by the Govt of India, ONGC has got a strong financial backing
Above are the strengths in the SWOT Analysis of ONGC. The strengths of ONGC looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Being a government organization, slow bureaucratic decisions can reduce efficiency
Intense competition means limited market share growth for ONGC
These were the weaknesses in the ONGC SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Making tomorrow brighter; Nibhaye zimmedari bharose se
ONGC is India's biggest oil and gas exploration organisation
Corporates, countries, individuals looking to fulfill energy needs
Enterprises looking for energy for production, people for petrol diesel for vehicles and domestic uses
ONGC is positioned as the future of India's energy
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