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Bechtel Corporation - Essay Example

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Bechtel began as a small family business, a railroad-grading operation in the Oklahoma Territory, some 110 years ago. Since then, it has built its reputation in the engineering and construction industry, and has grown into a multinational company simultaneously attending to hundreds of projects worldwide…
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Bechtel Corporation
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Download file to see previous pages Its signature projects include: the Bay Area Rapid Transit; Channel Tunnel & Rail Link; Cingular wireless expansion; Hong Kong International Airport; Hoover Dam; Hurricane Katrina disaster relief; Iraq reconstruction; Jubail Industrial City; Kuwait oil fires; Tacoma Narrows Bride; and the Three Mile Island cleanup.
The firm remains a privately owned business. It now has its headquarters in San Francisco, with offices worldwide employing 53,000 employees. Its 2011 revenues amount to USD$32.9 billion, and its new contract awards are valued at US$53 billion (Bechtel Corp.com., 1). The company continues to grow its revenues and projects, but faces a possible weakening of the economy the in the coming years which may adversely affect the construction industry (O’Connor, 1), Bechtel included.
General Statement of Results
Bechtel is one of the leading international construction firms. It has developed competitive competencies in various other specialized but fields. Supporting this special capability is the firm’s commitment to ethical business principles, quality of output, and safety of employees and customers. The company’s policies are people-centric, placing emphasis on the welfare of customers, employees, suppliers, and the community above the prospects of profits. Its leadership is value driven, both within and outside the organization, as evident in Bechtel’s mentoring program that has midway in its second decade. Objectives are set by management with the participation of the organization’s stakeholders, and performance measures. Quality of inputs is ascertained by a system of registration of suppliers who are oriented and trained according to Bechtel’s standards. ...
General Statement of Results Bechtel is one of the leading international construction firms. It has developed competitive competencies in various other specialized but fields. Supporting this special capability is the firm’s commitment to ethical business principles, quality of output, and safety of employees and customers. The company’s policies are people-centric, placing emphasis on the welfare of customers, employees, suppliers, and the community above the prospects of profits. Its leadership is value driven, both within and outside the organization, as evident in Bechtel’s mentoring program that has midway in its second decade. Objectives are set by management with the participation of the organization’s stakeholders, and performance measures. Quality of inputs is ascertained by a system of registration of suppliers who are oriented and trained according to Bechtel’s standards. Technology is at a premium in Bechtel, with several of the innovations the company intended for application in the construction industry being accorded recognition through prestigious international awards. Work procedures at the company have consistently stressed quality but not at the expense of employee and customer safety. As with all firms, however, Bechtel has problems with its unions, and accusations of cronyism and taking advantage of Iraq’s destruction as a result of the U.S.-led invasion, since it received one of the first and largest contracts in Iraq. It appears from this that Bechtel’s very competence and success has been the cause of aspersions levelled at its reputation. Analysis (positive or negative impact, especially positive consequences) a. Policy Bechtel’s vision is to be the world’s premier engineering, construction, and project ...Download file to see next pagesRead More
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