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Unlike other companies in this industry, such as Shell, Exxon-Mobil now has a new knowledge base of talented professionals that supersedes other industries.
The revenues earned by Exxon-Mobil have also provided the firm with new opportunities for further acquisitions, including its 2010 purchase of XTO Energy (Miller, 1). This acquisition has given the business much higher competitive edge due to its capital purchase as XTO is a leader in providing new innovations in unconventional energy resources, including natural gas and fossils fuels that burn cleaner than competitive products. This is a competitive advantage since regulations for clean air emissions are targeting firms and Exxon-Mobil is already geared for compliance and will be able to avoid non-compliance fees and taxation like some of its gas industry competitors. It is clear that the company’s largest competitive advantage comes in the form of high profitability.
Miller, Don. “Exxon Deal for XTO Energy May Set Off Wave of Energy Mergers and Acquisitions”. Money Morning Magazine Online. Accessed October 8, 2011 at
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Moreover, the company has a deep-rooted culture of corporate social responsibility as depicted by our respect for the environment and the overall safety of our customers. The company also maintains good working relations with our employees through effective communication and dedication to safeguarding employee welfare and concerns.
Chevron's operations spread over various industries such as oil and gas exploration and production, oil and gas refining, marketing and transportation, chemicals, financial services and retail. The second-largest US integrated oil company (behind Exxon Mobil) has proved reserves of 10.8 billion barrels of oil equivalent and a daily production of 2.6 million barrels of oil equivalent, and it also owns interests in chemicals, pipelines, and power production businesses.
It is the economic rent that makes most competitors imitates other companies competitive advantage thus it becomes impossible for any given company to sustain its competitive advantages a longer duration of time. However, a company can have some positions, strategies and processes that are hard to be copied by other companies.
In this paper, we would be discussing about the competitive environment of Toyota covering economic, marketing and external strategy elements of the environment and the interrelationships between these elements.
Companies should be ready to encounter competitive environments which would be very different from the ones that they have been facing.
The merger was to enable the newly formed company to be able to compete with the American oil giant, Standard Oil, owned by the John D. Rockefeller (Grant 2002, p. 2). The nature of the petroleum industry that has to this day, has been characterized by oil as an energy source, contingent on geopolitical play of forces and thus, out of the reach of the perfect interplay of market forces and the high transaction costs along the supply chain, from extraction (upstream) and to refining and distribution (downstream) - allowed the company to maximize its margins and stay vertically integrated while developing a strategy in recent years to reorganize that was based less on geographical consideratio
However, the nature of the link between TC and firm strategy has not been empirically researched. This study examines the competitive environment and strategy of firms that have been defined as implementers of TC to determine if specific environmental forces coupled with firm strategy can be traced to a firm's choice to adopt the tool.
"At the Authority meeting today, Members considered in detail the options for restructuring police forces in Yorkshire and Humberside, and decided to support submission of a business case to the Home Secretary that recommended West Yorkshire Police continue as a strategic force in its own right.
From the 1970s the automotive industry has been dominated by the United States, Western Europe and Japan, three geographical areas known collectively as the Triad. Such domination served to intensify the degree of competition that already existed as firms sought to achieve a global presence in markets that were becoming increasingly fragmented as consumer tastes diversified.
n outstanding mark in the world business frontier by achieving profound financial results at the same time maintaining exemplary levels of ethical standards. Market capitalization of 361.19B has already placed the company above competitors like BP and CVX, thus ExxonMobil every
2 Pages(500 words)Research Paper
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