StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Functions of Management at Ska-Arabia Oil Company - Essay Example

Cite this document
Summary
Title:   Course Number:     Date Submitted: Introduction The success of an organization significantly depends on the capacity of its management to develop appropriate strategies for the accomplishment of its goals…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.9% of users find it useful
Functions of Management at Ska-Arabia Oil Company
Read Text Preview

Extract of sample "Functions of Management at Ska-Arabia Oil Company"

Download file to see previous pages

Planning Planning is the first function of management that has been fundamental to the success of SKA-ARABIA. Cole (2003) observes that all the aspects of management depend on planning to a large extent. It involves conducting an analysis of the present situation of an organization, as well as its future. After this analysis, the managers set the strategies for accomplishment of the organizational goals that are based on where the management would like the organization to be in future. Planning is a continuous process through out the company’s life especially due to the fact that changes may be necessary so that an organization can cope with the dynamics of the operating environment.

In other words, planning helps Basrah managers to strategize and to develop solutions to emerging issues. It has been significant to the managers in dealing with challenges facing the business as well as the utilization of opportunities for the success of the organization. I am involved in the planning process through provision of fuel consumption forecast to the management to maintain proper level quantities of fuel at SKA-ARABIA. I am also involved in scheduling any preventative maintenance beyond our responsibilities within the Fuels Department and forwarding to the Maintenance Department of the company.

I assisted in planning the establishment and administration of a bulk fuel storage site with 660cbm in Jet A-1 and 26k in JP-8 Aviation fuel in line with stockage objectives. Bradford (2000 p 58) observes that strategic planning is the practice whereby an organization changes its course of action to accomplish upcoming objectives. The managers in SKA-ARABIA are in charge of constantly evaluating the operating environment and the internal factors that affect business through strategic planning to ensure that the organizational goals are accomplished.

This involves conducting a SWOT (Strengths Weaknesses Opportunities and Threats) analysis to ensure that the business remains on track. The analysis is conducted quarterly and recommendations implemented immediately. This flexibility in planning has maintained profitability and constant growth since the company’s inception. Organizing Organizing is the second function in which the managers prepare for implementation of the plan. This is accomplished through evaluating and allocating the available resources to facilitate the accomplishment of organizational goals.

Shen (2005) observes that without proper organization, a company may face the problem of insufficiency of resources in some departments while others may be operating with a surplus of resources. Such a situation may hamper the realization of organizational goals. Resources are significant for accomplishment of organizational goals. The organization requires diverse resources to maintain competitiveness in the market. The management of SKA-ARABIA Oil Company ensures consistency in regard to the availability of resources to avoid shortages of inputs.

These resources include assets such as premises, employees, equipment and finances among other resources that facilitate production and the organization’s competitive advantage. Through organization, managers in the company are able to establish working teams and assign tasks to the workers. Departments are assigned roles and the organizational hierarchy is distinct in the organization. I am in charge of liaison with the Ministry of Oil, local and international airports

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Functions of Management at Ska-Arabia Oil Company Essay”, n.d.)
Functions of Management at Ska-Arabia Oil Company Essay. Retrieved from https://studentshare.org/management/1433575-this-is-an-analysis-of-applying-the-function
(Functions of Management at Ska-Arabia Oil Company Essay)
Functions of Management at Ska-Arabia Oil Company Essay. https://studentshare.org/management/1433575-this-is-an-analysis-of-applying-the-function.
“Functions of Management at Ska-Arabia Oil Company Essay”, n.d. https://studentshare.org/management/1433575-this-is-an-analysis-of-applying-the-function.
  • Cited: 0 times

CHECK THESE SAMPLES OF Functions of Management at Ska-Arabia Oil Company

Saudi Aramco Company

This essay "Saudi Aramco company" discusses the company that has remained remarkably relevant in the oil industry in the region, commanding a particularly sizeable market share and respect in technology related to exploration.... EXPEC forms the basis of the company's success in technological issues.... This company is the pillar of the energy industry not only in the Saudi Kingdom but also in the rest of the world.... The Saudi population has tremendously benefited from the inception of the company, with the increased employment opportunities it has offered....
6 Pages (1500 words) Essay

Holistic National Maritime Policy for Saudi Arabia

There has since emerged an international trend towards the adoption of new approaches to marine policy based on a holistic, integrated and sustainable management of ocean resources at regional and national levels.... The third section of the paper examines the current management of maritime affairs in Saudi Arabia and explores how Saudi Arabia can work towards the development of a sustainable, holistic and integrated national maritime policy as part of a conceptually similar overarching marine policy....
10 Pages (2500 words) Essay

Partners Embark on New Oil

The case study "Partners Embark on New oil" demonstrates an analysis of the Global oil and Gas Industry.... This research deals with why oil, the lifeblood of world economies, attracts multinational investors with strategic stakes, positioning oil investments with national policies.... hellip; Authentic success factors rest on the management of the wealth derived from their oil exploration ventures.... This study analyzes the political and economic climate and how the oil and gas stakeholders position their oil exploration ventures with national and international policies....
8 Pages (2000 words) Case Study

Mergers & Acquisitions

The Saudi Arabian oil company (Saudi Aramco), owned by the Saudi Arabian Government, is a collective, global petroleum initiative, and a world leader in discovering and producing, refining, distribution, and etc.... An acquisition is performed when a larger company purchases another company (comparatively smaller) and that company becomes the new possessor of the other company.... A merger or acquisition… lly starts through a series of informal discussions among the board members of the companies, following with formal negotiations, letter regarding the objectives, goal towards the company, acquisition or merger agreement and finally, executing the deal and transferring the The activity of merger & acquisition is predominantly undertaken by the acquired firms to improve the financial performance....
15 Pages (3750 words) Essay

Positive and Negative Aspects of an Ageing Population

In its Energy sector the Saudi Arabia is undoubtedly the largest oil producer in the world and the biggest company in the Middle East.... All the same its government's major priority is to diversify its economy as it is currently heavily dependent on oil and gas.... However, recently there was a huge shift in events when in Saudi Arabia and other oil exporting countries such as United Arab Emirates such that the fertility and birth rate greatly declined resulting in an increase in the number of the ageing population (Gopal and Tikhvinsky 104)....
5 Pages (1250 words) Essay

Internationalisation Opportunities for the Hong Leong Group

The intention of this study "Internationalisation Opportunities for the Hong Leon Group" is to discuss the strategies that should be implemented by the Hong Leon Group to prove its credentials in providing services in international markets and the possibility for the company to invest in The Saudi Landbridge project.... Most oil-exporting countries are cautious with the budget as they expect oil prices to decline.... High oil prices have boosted regional liquidity and there is a boom in the stock markets as well....
14 Pages (3500 words) Case Study

Key Features of Islamic Banking Business in the Kingdom of Saudi Arabia

The author of the paper describes the structural features of the Islamic banking business in the Kingdom of Saudi Arabia - the number of banks, the size of the banking system, the role of domestic and foreign banks, number and size of Islamic banks.... nbsp; … In the Kingdom of Saudi Arabia, in particular, the Saudification of banks ensures that the local banking industry is protected from the entry of not only Western conventional banks but also Islamic banks based in other Arab countries, because of the need to comply with the 60% Saudi ownership requirement....
10 Pages (2500 words) Term Paper

Water in Saudi Arabia

With this rapidly increasing population, the pressure on these regions to supply water to its citizens is also tremendously high, thus forcing each country to chalk out various strategies in order to develop effective water resource management.... This discussion, Water in Saudi Arabia, highlights that the Middle East regions along with parts of northern Africa, for the most water scarce region of the earth....
29 Pages (7250 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us