Analysis of Problems Facing PETRONAS Corporation Research Paper

Analysis of Problems Facing PETRONAS Corporation - Research Paper Example This essay aims at identifying and analyzing the challenges faced by organizations in the public sector. The specific challenge that will be discussed is the poor management of the Malaysian state-owned multinational corporation, PETRONAS. The current state of the organizations are also analyzed by the researcher in the essay after reviewing various resources on the organization selected. Recommendations are also provided by the researcher on the topic of how the organization can improve its performance and be effective in modern world. The public sector organization selected and analyzed in the essay is the Petroliam Nasional Berhad (PETRONAS) Corporation. In conclusion, the researcher sums up the study and states that government-owned organizations receive high consideration and support from the government to effectively operate and achieve their goals. Similarly, PETRONAS Corporation is a Malaysian government-owned corporation that receives support from the government and enables the corporation effectively to exploit oil and gas fields in Malaysia and in other countries. Although PETRONAS is a government-owned company, it is a profit-based entity owned by the Malaysian government rather than a public utility organization. Currently, the corporation is among the top five best companies producing Liquefied Natural Gas in the world. It is stated by the researcher of the essay that the success attained by the corporation is dependent on the support of the Malaysian government.