Exxon Mobile's Strategy Analysis - Research Paper Example

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Strategically, the Corporation operates in many segments in an attempt to improve its revenue or returns on its investments as well as profitability in the current competitive business environment. DePamphilis (2013) explains that the company operates through; downstream,…
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Exxon Mobile's Strategy Analysis
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Download file to see previous pages On the other hand, the chemicals segment handles manufacturing and sales of petrochemicals.
The success and outstanding performance of Exxon Mobil Corporation emerge from several strategies implemented by its management executives. Just to name a few, the Corporation has a strategic management system that provides an elaborate framework for maintaining high standards and performance. This particular analysis paper looks deep into the strategies that Exxon Mobil implements to support its success.
Exxon Mobil Corporation is guided by a corporate strategy that guides operation and enhances efficiency in its system. The organization strategy is reliant on the ability to innovate and develop in the new emerging markets by providing new products that suit the changing consumer needs. Ideally, it concentrates on their strong market positioning strategy to exhaust their market segments and fill the niches that can be identified by their competitors. The success arising out of this strategy is dependent on the broad portfolio. Exxon Mobile Corporation has a stronger business portfolio that emphasizes on the long-term profitability of the organization regardless of the volatile nature of the product prices in the industry.
Additionally, the corporation relies on diversity strategy in production and sale of its products. Its global diversity principle act as a foundation for the long-term career oriented model to employment. Ideally, skills and expertise of the employees is quite critical to any organization. Competent employees usually work harder to boost the productivity of the organization. Exxon’s approach to employment is not only a relevant model but also a productive model to the general performance of the organization. The method fulfills the desired dreams of the organization through attracting, developing and retaining premier workforce diversity. It arguably fosters a productive work environment and culture where every ...Download file to see next pagesRead More
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