...the years to show improvement. One such company is ExxonMobil who retained the prestigious spot of number one for this year. However, there are other companies in the same field that are considered rivals but they also continue to strive and push forward. This paper will discuss the comparisons with the other companies in the same field. Also the financial health of said company, any technological advances, how globalization has affected the company’s business strategy and a bench marking analysis. Hess Corporation As one of the more notable competitors for ExxonMobil, this is a company that does have some extensive history behind it as well. It does have its place on the Fortune 500 list, however the number is quite down and not as high as s tome might think. This is a company that has marketed gasoline throughout more “1360 Hess gas stations in 16 U.S. states and operates a 50% owned oil storage terminal in the US Virgin Islands and a refinery in New Jersey. It also provides power to Northeast and Mid-Atlantic customers”(Andrews, 2012). “Leon Hess formed the Hess Corporation in 1933 where he purchased a 1926 second hand 615-gallon oil delivery truck and begins residential delivery, seven days a week near his home in Asbury Park, New Jersey. Between 1937-1947, recognizing that the large power companies...
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...Case Analysis: Ford Motor Company General environment analysis: The number of global population is increasing every year. Many developing countries have rapidly increasing rate in both population and economy. BRIC, represent developing countries, have huge population and become emerging market. Globalization impel the communication and transition of both culture and economy aspects. It is the landscape of international business. The effects of globalization deepen and intensify the correlation and cooperation between different countries. Globalization also intensifies the convergence of culture and regulation which reduce the cost and timing of doing business cross-border. Multinational corporations are engage in international trade for both efficiency and marker expansion driver. The development of technology facilitates cross-border transportation and reduces the cost. Internal, as an important part of international business, decrease the information cost and timing. WTO, EU, NAFTA, IMF, World Bank regulates and encourages the international trade. After the financial crisis in 2008, economy of developed countries are suffering a difficult time -- GDP decline, no profit in many industry, the unemployment rate increase, stock market was badly stricken. In many advance countries the market is saturate or constricted. Many companies are switching their production form advance areas or counties to undeveloped area or countries. At the same time, many developing countries...
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...The Ford Pinto Case Back in the 1970s the Ford Pinto was debuted without regard to proper safety features and concern for proper ethics while producing this automobile. Buyers wanted lower pricing and bigger trunk space more than the consideration for safety. Lee Iacocca, president of Ford, ran the business striving for higher profits and cutting costs. His lack of interest for human life initiated many lawsuits against Ford and, in the end, was a far bigger cost than installing safety features in the Pinto in the beginning. The biggest concern regarding the role people played in the Ford Pinto case was the concern for cutting costs and making the biggest profits over the concern for human life. Severally jeopardized in this case were proper corporate morals and ethics. This started when Lee Iacocca acquired the position of president from the former President Semon Knudson. Lee Iacocca celebrated much success with the Mustang and wanted to market small cars to compete with the foreign car markets. Lee Iacocca drove to promote the Ford Pinto by 1971. Because it typically takes three and one-half years for the production of an automobile, to have the Ford Pinto to the showrooms by 1971, only left two years to launch the Ford Pinto. During the production process, crash tests revealed safety issues with the gas tank in the rear of the car. If the car were struck from behind even at a slow speed, the gas tank would rupture, and explode upon impact. Lee Iacocca’s decisions...
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...Competitive Strategies Case Study Assignment 2 STUDENT NAME: Professor: Dr. Wright BUS 508: Contemporary Business Raleigh, NC May 5, 2013 Determine how each corporate differs from the other The corporate cultures of the two companies are very different. One example. GM pulled its ads from Face book. Ford is doing more with Facebook. Another, GM bailed out by the government, Ford weathered the storm. The social media strategy of each company is extremely interesting. GM is going to go the traditional route. Ford has embraced the tools of social media to connect with its customers. I think that gives Ford a competitive edge. General Motors Company is an American multinational automotive corporation headquartered in Detroit, Michigan, and among the world's largest automakers by vehicle unit sales, employing 202,000 people and doing business in some 157 countries. They also have five different business segments. They also provide on star vehicles safety, security and information system. As the second-largest automobile company in the world, Ford Motor Company represents a $164 billion multinational business empire. Known primarily as a manufacturer of automobiles, Ford also operates Ford Credit, which generates more than $3 billion in income, and owns The Hertz Corporation, the largest automobile rental company...
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...Applications First Energy is a multi-state corporation with more than 17000 employees and supplies electricity to customers in six states including Ohio, Virginia, New Jersey, Pennsylvania, West Virginia, and Maryland (First Energy Corp, 2011). With this many customers comes a large responsibility to maintain competitive costs and services. Supplying electricity, including customer and business revenue, is a costly venture. To stay viable and competitive, extensive research into alternative forms of energy is essential. First Energy spends much time and expense into this research and explains itself further in the following paragraphs. First energy commits itself to abiding by the rules, regulations, laws, and environmental policies in effect (First Energy, 2010). As pollution laws become stricter and fines increase for higher than allowed pollution levels, First energy must find efficient and cheaper ways to supply electrical energy. For First Energy to move forward with technology, keep customer and business rates low, and comply with state and federal regulations, First Energy spends generous amounts of time and assets into research. A major portion of these assets and time First Energy uses, is research into improving and enhancing existing equipment. To accomplish this, First energy partners with various organizations to test prototype equipment and processes. These partners include The University of Akron, The Defense Department, Case Western Reserve University, The Cuyahoga...
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...Business Research Applications First Energy is a multi-state corporation with more than 17000 employees and supplies electricity to customers in six states including Ohio, Virginia, New Jersey, Pennsylvania, West Virginia, and Maryland (First Energy Corp, 2011). With this many customers comes a large responsibility to maintain competitive costs and services. Supplying electricity, including customer and business revenue, is a costly venture. To stay viable and competitive, extensive research into alternative forms of energy is essential. First Energy spends much of their time and expenses into this research and it explains itself further in the following paragraphs. First energy commits itself to abiding by the rules, regulations, laws, and environmental policies in effect (First Energy, 2010). As pollution laws become stricter and fines increase for higher than allowed pollution levels, First energy must find efficient and cheaper ways to supply electrical energy. For First Energy to move forward with technology, keep customer and business rates low, and comply with state and federal regulations, First Energy spends generous amounts of time and assets into research. That is what keeps that business in the progress it is in. A major portion of these assets and time First Energy uses is research into improving and enhancing existing equipment. To accomplish this, First energy partners with various organizations to test prototype equipment and processes. These partners...
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...Business World Meets RFID Technology Way before my time in the early 1960s there was an American animated sitcom centered around a futuristic vision with the characters living in the year 2062. The Jetson family lived a much simpler and more efficient life than their fictional counterparts during that time with the mechanical contraptions and technological appliances in which they had access. Though radio frequency identification was not one of the elaborate gadgets used in the cartoon, Hanna Barbara most likely never dreamed of how such a device could advance and impact businesses in 2013. Radio frequency identification (RFID) has the capability to identify an item, gather information about the item and transpose that information into a computer system all without human assistance. RFID technology is centered around the concept of using radio waves to identify selected objects. RFID technology can be utilized in the business and manufacturing arena in more ways than one can truly imagine. In this essay I will discuss the general concept of how RFID works, the current uses of the technology, and potential uses of RFID in the future. A radio frequency identification system consists of three components. The system has a scanning antenna, a transceiver with a decoder to interpret the data, and a transponder, which is the RFID tag. An RFID system will not operate without having some form of each of these components. The scanning antenna enables the system to communicate...
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...Ongoing Concern: Risk Management at Pakistan International Airlines1 Ch. Ahmed Mukhtar, Chairman Pakistan International Airline Corporation (PIAC) was reading the final version of the PIAC audited annual report. He immediately called the Managing Director, PIAC to arrange a meeting to discuss the auditor’s report. The particular part of auditors’ opinion that caught his attention was the following: “We draw attention to note 1.2 to the unconsolidated financial statements, which states that the Corporation incurred a loss of Rs. 26,767.207 million during the year ended December 31, 2011, resulting in accumulated loss of Rs. 119,016.727 million as of December 31, 2011, and as of that date, the Corporation’s current liabilities exceeded its current assets by Rs. 88,221.403 million. These conditions indicate the existence of a material uncertainty which may cast doubt about the Corporation’s ability to continue as a going concern. Our opinion is not qualified in respect of this matter.” The agenda of the meeting was quite clear i.e., how to keep PIA solvent. PIAC Brief History2: In 1946 Quaid-e-Azam Muhammad Ali Jinnah realized the need for an airline network for the forming country and ask for the help of an industrialist Mirza Ahmad Ispahani to develop a flag carrier for the nation. Meanwhile, an airline called “Orient Airways”', registered in Calcutta, was formed on 23 October 1946. In May 1947 the airline was granted a license to fly. This was the first post-war airline flight...
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... The SWOT analysis identifies the strengths, weakness, opportunities and threats of the company. ExxonMobil has grown since being in business for over 125 years. The company has great employee benefits and training, contributions to the economy and technology advances that can increase food shelf life. With all the safety precautions taken there are still conflicts that arise. The information gathered about Exxon will enlighten the public’s awareness and knowledge of the company. Company Overview Exxon Mobil has been around for more than 125 years (ExxonMobil 1). John D. Rockefeller had established The Standard Oil Corporation in 1870 (ExxonMobil 1). In 1879 The Standard Oil Corporation bought three- quarter interest in the Vacuum Oil Company for $200,000 as a lubricant pioneer (ExxonMobil 1). The Supreme Court divided Standard Oil into 34 unrelated companies, including Jersey Standard, Socony, and Vacuum Oil in 1911 (ExxonMobil 1). From 1919 to 2011 Exxon has created a number of inventions likes rubbing alcohol as chemical petrochemical and artificial rubber that is used still day for tires, surgical tape and coating (ExxonMobil 1). Not until November 30, 2011 Exxon merged with Mobil to form Exxon Mobil Corporation (ExxonMobil 1). There are three segments that Exxon operates through; upstream, downstream and chemicals (Company Profile 4). Each segment specializes in certain operations...
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...VMOST Vision Mission Southwest Airlines' mission statement reads: "The mission of Southwest Airlines is dedicated to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit." All these traits are what have made Southwest # 1 in fewest customer complaints for several years running. Southwest continues to thrive on its reputation from this # 1 ranking as well as reap monetary rewards that come with this distinction. Southwest’s commitment to their employees reads: “We are committed to provide our Employees a stable work environment with equal opportunity for learning and personal growth. Creativity and innovation are encouraged for improving the effectiveness of Southwest Airlines. Above all, Employees will be provided the same concern, respect, and caring attitude within the organization that they are expected to share externally with every Southwest Customer” Objectives Strategy The strategy that Southwest Airlines should use in order to continue its success is also based on the “Short-Haul” strategy. The difference is that the strategy must be inter-converted. Southwest can try its best to duplicate its “Short-Haul” strategy globally. For instance, it can do exactly the same business with the same strategy once again. But this time, Southwest has to do it in every part of the world. For instance, Southwest can expand its business in France, Germany, Australia, Russia, China, Japan, Poland, Greece,...
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...Ford Motor Company (Case Analysis) Group #6- TGAA TTH 1:00 Member 1- Taylor O’Neill Member 2- Knyra Ratcliff Member 3- Alex Perkins Member 4- Xu Han Member 5- Kevin Carter Member 6- Alex Dundon/ Nick Tran Presentation Date: 11/17/15 Introduction Our group has chosen Ford Motor Company as our case analysis subject. Ford is an American multinational automaker and was founded by Henry Ford in 1903. Ford Motor Company is the second largest automaker in the United States and is also the fifth largest automaker in the world. Throughout the paper we will be sharing background information of the company such as the vision statement, mission statement, company history, the industry, and our company’s strategy. We will also be sharing the elements of Ford’s internal and external environment (includes historical and competitor financial information), problem statements, possible alternative solutions to those problems, and our recommendations as to which alternative solutions would be best used in response to the problems at hand. Towards the end of our case analysis on Ford Motor Company there is a visual present for both the SWOT analysis and the grand strategy matrix. We have provided appropriate and significant content in completion of this case analysis. Background Vision Statement “To become the world's leading Consumer Company for automotive products and services. (Homepage, 2015)” Mission Statement “One Team. People working together as a lean, global enterprise...
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...ANNUAL REPORT 2010 -11 TECHNO_LOGICAL TECHNO_LOGICAL In many ways, satisfying the Indian customer is probably much more challenging than satisfying a customer in another market. The country has an obsession for fuel efficiency, when it comes to choosing automobiles (and rightly so, since about three-fourths of India’s crude oil requirement is imported). Extracting more mechanical energy for the car from every drop of fuel is a designer’s challenge. But it is vital for the consumer, the economy and the planet. At the same time, a fast growing, young and upwardly mobile, speed conscious India demands pick-up and instant response at the accelerator pedal. There is normally a trade-off between performance and fuel efficiency. A third requirement is space efficiency, as customers want the car to be compact to cope with congestion on roads and parking lots. Yet another requirement is of minimizing emissions. The Company’s next generation, K-series engines employ a plethora of state-of-theart technologies to deliver on all these fronts. Technologies deployed could be as sophisticated as fine atomization to achieve fuel droplet diameter in microns for optimised combustion. Or, they could be as practical as using engineering polymers instead of metal in certain engine parts for weight reduction. Quite like packing more performance in a handheld smartphone as opposed to a traditional laptop. India’s road and dust conditions, the rains and driving safety considerations similarly...
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...Research Paper Jared Linden SMGT 360 Introduction Why would a corporation that is in the business of making profit for its shareholders go beyond regulatory compliance? It’s nice to think that the reasons behind such actions are of good nature – perhaps even philanthropic. And while there are definitely good intentions behind such decision-making, there is also value added for the corporation. Exelon has outlined their goals to be compliant to regulations and their desire to go further. They’ve also positioned themselves as a carbon free alternative for energy by investing heavily in nuclear. However, they are also making a large financial bet by taking this stake. While they are going beyond compliance for greenhouse gas emissions, they are certainly hoping to profit from this stance as well. Greenhouse Gas Regulations Greenhouse gases from anthropogenic sources are one of the main contributors to the rapid climate change that the Earth is now experiencing. As a prominent source for carbon emissions, utilities seem to be a logical place to impose standards. Despite the dire situation, there currently are not strict regulatory concerns for utilities in the United States as far as greenhouse gas emissions are concerned. The President recently proposed a Climate Action Plan that would limit the amount of carbon emissions from new power plant sources. But the standards are for new plants and not existing ones. There have been some attempts at applying the Clean...
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...BURNING OF FOSSIL FUELS NAME:- NAME OF PROFESSOR:- DATE:- BURNING OF FOSSIL FUELS The burning of fossil fuels is the major contributor to human caused climate change. Once taken out of the ground and burned , coal, oil and gas add to the amount of carbon cycling between the atmosphere and the oceans, soil, rock and vegetation. On human time scales, this transfer is irrevocable, once mined and burned, fossil carbon cannot be locked away safely underground again in the form of new deposits of coal, oil and gas, or in the form of carbonate rock, for millions of years. The transfer is also unsustainable: there is simply not enough “space” in above-ground biological and geological systems to park safely the huge mass of carbon coming out of the ground without carbon dioxide building up catastrophically in both the air and the oceans. At the most fundamental level, therefore, the climate solution revolves around initiating a new pathway away from fossil fuel dependence. Industrialized societies locked in to fossil fuels need to turn to structurally different, non-fossil energy, transport, agricultural and consumption regimes within a few decades to minimize future dangers and costs. Infrastructure, trade, even community structure will have to be reorganized, and state support shifted from fossil-fuelled development toward popular movements constructing or defending low-carbon means of livelihood and social...
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...BURNING OF FOSSIL FUELS NAME:- NAME OF PROFESSOR:- DATE:- BURNING OF FOSSIL FUELS The burning of fossil fuels is the major contributor to human caused climate change. Once taken out of the ground and burned , coal, oil and gas add to the amount of carbon cycling between the atmosphere and the oceans, soil, rock and vegetation. On human time scales, this transfer is irrevocable, once mined and burned, fossil carbon cannot be locked away safely underground again in the form of new deposits of coal, oil and gas, or in the form of carbonate rock, for millions of years. The transfer is also unsustainable: there is simply not enough “space” in above-ground biological and geological systems to park safely the huge mass of carbon coming out of the ground without carbon dioxide building up catastrophically in both the air and the oceans. At the most fundamental level, therefore, the climate solution revolves around initiating a new pathway away from fossil fuel dependence. Industrialized societies locked in to fossil fuels need to turn to structurally different, non-fossil energy, transport, agricultural and consumption regimes within a few decades to minimize future dangers and costs. Infrastructure, trade, even community structure will have to be reorganized, and state support shifted from fossil-fuelled development toward popular movements constructing or defending low-carbon...
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