Managing for the future - Essay Example

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Student Id: Module: Managing For the Future Module Lecturer: AN EVALUATION OF MANAGEMENTS COMMITMENT TO SOCIAL RESPONSIBILITY, AND ENVIROMENTAL SUSTAINABILITY AND CRISIS MANAGEMENT: Case of ExxonMobil. Introduction This essay aims at examining the managerial capability of ExxonMobil in a number of areas related to its operations and business environment…
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Download file to see previous pages A detailed analysis of the management efforts put by the organizational leaders in the past decade would be presented later on. Additionally, the company’s management competence in the three chosen spheres would be examined by contrasting their past performances against their present proficiency in these aspects and by developing the scenario of the future in which the company would operate. This paper in no way presents a business report of ExxonMobil or its market analysis. It aims at successfully achieving the objective of this study, i.e., to make a historical analysis of the company, to study the management’s competence and to make a forecast of the company’s stand in the near future. The study is initiated with the key concepts in relation to the company background. Then the current achievements of the company will be discussed in light of these concepts and the critical view of the activities of the company would be presented in accord with the theoretical models and existing public opinion that affects the operations of the company. ExxonMobil: Company Profile Exxon Mobil Corporation, known as ExxonMobil, is a multinational corporation based in America (Exxonmobil, 2013a). It is the largest international publicly traded oil and gas company in the world with its headquarters located in Irving at Texas in the United States (Fleminggulf, 2013). The company came into being in its present form after the two companies Exxon and Mobil merged on November 30 in the year 1999. After the merger of Exxon and Mobil, the company has become a powerful organisation globally. The industry is becoming increasingly more competitive with the passing of each day and ExxonMobil is now considered an efficient global competitor. The performance of the company affects the world economy to a great extent. In 2012 ExxonMobil and Rosneft (a Moscow based oil and gas company) forged a joint venture for materializing a sweeping plan of exploring the massive shale formation in the Arctic and Siberian region. Exxon has announced that once this objective becomes successful the joint venture between the two companies would yield up to US $500 billion in different investments to be made by the companies in the future years. Presently, the company along with the “state owned Turkiye Petrolleri AO (TPAO)” (Fleminggulf, 2013) of Turkey is negotiating with the Turkey government to explore the estimated “15 trillion cubic feet of recoverable shale gas” (Fleminggulf, 2013) reserves located in Turkey. Currently, the company supplies energy to the other countries. It helps these countries particularly the growing economies in advancing themselves and improving the living standards in their countries (Exxonmobil, 2013b). The company goals are aligned with their social responsibilities and it utilizes its business strengths to establish an example of corporate citizenship that might be emulated by other companies. Defining the concepts In this section the different concepts related to the three chosen areas for this study would be defined and explained. Every business operation is run with a profit motive. Popular belief holds that success is measured in business through measurement of the company’s financial returns, amount of dividend pay-outs and also the company’s liquidity standings. These are the financial measures of busines performance that concentrates mainly on the ...Download file to see next pagesRead More
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