...Value Alignment Juan Garrido BUS 475 August 20, 2012 Richard Taylor Value Alignment Pearce and Robinson quote Aristotle as saying, “Excellence is an art won by training and habituation. We are what we repeatedly do. Excellence is not an act, but a habit” (Strategic Management, 2009). Values are what make people and businesses operate as they do. They are the deciding factor in behaviors and plans. ExxonMobil is a market leader in petroleum because of their ability to focus on their core values and beliefs in the operating procedure. Evolution of Values To understand the origins and subsequent evolution of personal and workplace values, the meaning of values must first be understood. Values are the sincere beliefs and underlying feelings a person will pledge, and they are the standards people strive to achieve (Pearce & Robinson, 2009). A value is a belief, a calling, or a philosophy, which is meaningful to an individual or a society. Childhood is the time to cement core values. These values will shape a person’s beliefs and actions for the rest his or her life. Interactions and watching family members are a way for children to gain their initial set of values. They can gain values from exposure and explanation of the world around them. Whereas, workplace values are the values people apply on the job. The origin of workplace values are combination of the personal values and the values the organization has put into place. There...
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...ExxonMobil MGT/521 Management Profesor Clance Doelling, MBA, BSME May 28, 2012 Introduction ExxonMobil is recognized as one of the world’s prominent oil and gas companies. They control market products and facilities nationwide. ExxonMobil is involved in marketing, gas, and oil exploration, transportation and production in approximately 200 countries. They manufacture aromatics, petrochemicals, polyethylene, olefins, and polypropylene plastics (ExxonMobil, 2012). ExxonMobil provides services and products under brands names Mobil, Esso, and Exxon. ExxonMobil is recognized as one of six of the largest oil refineries in the world. They own subsidiaries, such as the imperial oil limited in Canada and the sea river maritime a petroleum shipping company. The company is divided into different operating categories, such as upstream, downstream, and chemical. ExxonMobil has been successful because of their adaptation to change, its diversity, and desire to eliminate barriers. To remain successful in every aspect of the oil industry they must be at the leading edge of the competition. For this to be possible ExxonMobil must require the corporations operational, financial, human, and technological resources be evaluated frequently and used wisely. ExxonMobil makes every effort to improve productivity through learning, implementing best practices, sharing, and improving efficiency. ExxonMobil also strives to achieve superior operating and financial results as they adhere...
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...technology and economic. Exxon has an extraordinary and complex SWOT analysis. 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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...Exxon Mobil: Company Overview: Exxon Mobil Corporation is an American multinational Oil and gas corporation. It is one of the largest publically traded companies by market capitalization in the world with its operations spanning several continents. The Company was formed on November 30, 1999 by the merger of Exxon and Mobile (ExxonMobil, 2011). Exxon Mobil explores, produces and distributes natural gas and crude oil and also manufactures and distributes petroleum products. It also produces and sells petrochemicals such as polyethylene, aromatics, olefins, polypropylene plastics and other products. It has interests in thirty seven refineries world wide. It also markets its products through more than thirty two thousand retail stations worldwide (ExxonMobil, 2011). Types of market and legal systems that exist in countries that Exxon Mobil operates: Exxon Mobil has operations spanning several countries in the United States, Europe, Australia/Oceania, Asia, Africa, and Canada/South America. Market systems that exist in these countries range according to various policies that regulate the market place operations. In countries such as the US, Australia, Canada, countries in South America, Western Europe and some parts of Africa and Asia, the kind of market systems that exist are basically mixed market economy systems. In these systems, a bigger part of the market is controlled by the prices, demand and supply of commodities with few government regulations. In other regions...
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...By: Nicole Suarez Panther ID # 1101809 1.0 Introduction ExxonMobil Corporation and its affiliated companies operate in the United States and most other countries. Headquartered in Irvine, TX, ExxonMobil was formed following the merger of Mobil and Exxon. It is the world’s largest publicly traded international Oil and Gas Company. They hold an industry-leading inventory of global oil and gas resources. They are the world’s largest refiner and marketer of petroleum products, and their chemical company ranks among the world’s largest. They are also a technology company, applying science and innovation to find better, safer and cleaner ways to deliver the energy the world needs. The company has more than 82,000 employees across the world. ExxonMobil’s stock is publicly traded on the New York Stock Exchange (NYSE) under the symbol “XOM.” This report provides a quarterly trend analysis for ExxonMobil for fiscal year 2011. Financial information was obtained from the company’s website by examining the 10-Q SEC filings for Quarters 1 through 3 and the 10-K SEC filing for Quarter 4. Additional financial information was also found on Yahoo! Finance, MSN Money and Bloomberg. Main areas of focus are liquidity, asset utilization, profitability, debt utilization and market values. 2.0 Financial Ratio Calculation and Analysis The following table represents the liquidity ratios for ExxonMobil for FY 2011: Liquidity Ratios | Q1 | Q2 | Q3 | Q4 | Annual | Current...
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...Fiscal Policy and ExxonMobil Introduction Government spending has been an instrumental component and reflection for the United States economy. As an integral part of the business cycle, the last several years have been through the trough since the recession in 2008. While government spending has been increasing, for a couple years it did reduce in addition to maintaining a steady quantity of spending up until the past few years of recovering and growth. As a result, there has been a steady increase of spending in the past three, with anticipation of greater spending in the years ahead. While the overall amount of spending has been increasing as a result of a stronger economy, there has been a surplus of oil and petroleum drilling. Given the lower demand for drilling, the oil and petroleum industry has been greatly affected with Exxon Mobil reporting lower profits, and BP has been reporting a loss, with anticipation of mass layoffs ahead. (Krauss, 2016) Fiscal Policy, Tax Rates, and the Economy Roughly 35-36% of our total government spending accounts for the gross domestic product (GDP). After the government bailout funding for banking and stimulating the economy with an additional $700B after 2008, over 42% of the annual GDP was of government spending. Federal income tax hovering between 16.8-17.2% for median class income has been consistent for the past several years. “Today's government spending levels are indeed too high, at least relative to the average level of tax...
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...ExxonMobil practices a number of cultures which can be described as: Learning on the job in an informal open-door culture Instead of sitting behind the office training room, ExxonMobil requires their new employees get straight down to work. Basing decisions on Facts & figures At ExxonMobil, everything they do needs to be quantified and nothing is done based on a hunch or feeling. International environment ExxonMobil is active all over the world and has countless international affiliates, where you could be assigned. Results Oriented At regular intervals, you will meet with your supervisor to discuss your responsibilities and your performance. Career development & Training Special attention goes to the development & training of their people. Being a team-player Staff have to learn with and from each other. There is no room here for mavericks. Taking initiative & rising to the challenge At ExxonMobil, it is a real career. They will provide the opportunities…it’s up to individuals to step up, take initiative & rise to the challenge! http://www.esso.be/Benelux-English/careers_experienced_fit_culture.aspx How does the management or organization chart of the company works? ExxonMobil change their policy and physical state of the organization according to the demand of the time from merger and adoption. There is well communication connection across the organizations (http://www.ukessays.co.uk/essays/management/the-exxonmobil-corporation...
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...Exxon Mobil Corporation Exxon Mobil Corporation - Financial and Strategic Analysis Review Publication Date: 03-Aug-2012 Reference Code: GDGE1203FSA Company Snapshot Key Information Exxon Mobil Corporation, Key Information Web Address www.exxonmobil.com Financial year-end December Number of Employees 82,100 NYSE XOM Source : GlobalData Company Overview Exxon Mobil Corporation (ExxonMobil) is an integrated global oil and gas company. The company's operations include exploration and production of oil and gas; refining, transportation and marketing of oil and natural gas; and manufacture and sale of petroleum products. ExxonMobil also has interests in petrochemicals and electricity generation facilities. The company operates through three reportable business segments, namely, Upstream, Downstream and Chemical. It offers products and services under various brands such as Exxon, Esso and Mobil. ExxonMobil is headquartered in Texas, the US. ExxonMobil is expanding its operations and presence in unconventional gas resource assets. 9.75 4.37 26.59 11.03.00 15.06 0.02 Key Ratios Exxon Mobil Corporation, Key Ratios P/E EV/EBITDA Return on Equity (%) Debt/Equity Operating profit margin (%) Dividend Yield SWOT Analysis Exxon Mobil Corporation, SWOT Analysis Strengths Weaknesses Improvement in Financial Performance Extensive Research & Development Activities Geographical Diversification Pending Litigations Note: Above ratios are based on share price as of 01-Aug-2012...
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...February 24, 2012 Dear Michael Tetu, Congratulations on your management position as Security Officer for ExxonMobil in Douala, Cameroon. We are very excited to have you as part of the team. Your three year assignment will be challenging and rewarding, ensuring that the security of our state of the art facilities and personnel are operating in a safe environment. I will also take this opportunity to congratulate your spouse, Mandi, on her selection as a logistics clerk. We, at ExxonMobil, hope that you and your family will find this assignment and location to be an enjoyable experience. We have included our welcome packet, which has been personally tailored to your family and your assignment. Please read the complete packet as it contains valuable information about Douala and Cameroon, preparation tips and guidelines prior to your arrival in-country, what it is like to live in Cameroon, and finally how to conduct business there. As you know, ExxonMobil prides itself in taking care of its most valuable asset, its people. That is what separates us from the competition. As a result, if you have any questions, regarding the information in the welcome packet or about your upcoming assignment, please feel free to contact me or my department. In order to assist in your move to Douala, we have also assigned you a sponsor, Mr. Tom Cherepko. He is currently the Chief of Operations in Cameroon for the last five years and is well suited to answer any questions you may have...
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...Why do organization bring in outside consultant to manage the organizational change process ? Change management is essential for organizational development in dynamic environment. Any change is likely to be resisted by the employees, if their confidence in the organizational system evaporate. The role of external change agent is to establish the faith and confidence of the employees on the organizational management system, as a first step. Effective change management depends on absorptive capacity of the organization and adaptive skill of the employees. The same may be assessed and suitable measures may be suggested by the external change agent. Further organizational architecture and agility are important factors in quick decision making and adaptation to change. The external change management agent may study and suggest the suitable measures for improvement. Introduction to change management Change is only permanent feature of our life. Life of individuals and organizations are evolving ever since their creation. Modern companies are in a state of cultural change. From working more or less alone to solving specific tasks, we are now required to work in an interdependent way. Teamwork is vital. These changes require that we change what we expect from the co workers. We have to change the values we highly believe. Values like awareness, teamwork, tolerance, responsibility and information are paramount - just as flexibility and change readiness. Team work make in imperative...
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...Compliance Audit Report Public Version ExxonMobil Corporation-Baton Rouge NERC ID # NCR00128 Confidential Information (including Privileged and Critical Energy Infrastructure Information) – Has Been Removed Date of Audit: July 17-19, 2012 Date of Report: August 11, 2012 Confidential information (including Privileged and Critical Energy Infrastructure Information) – Has Been Removed TABLE OF CONTENTS Executive Summary ........................................................................................................ 3 Audit Process .................................................................................................................. 3 Objectives ................................................................................................................................................ 3 Scope ....................................................................................................................................................... 4 Confidentiality and Conflict of Interest ................................................................................................ 4 Methodology............................................................................................................................................ 4 Company Profile ..................................................................................................................................... 5 Audit Participants ...............................................
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...Environmentally, not only do they follow the Corporation’s Environmental Policy but they also are making positive steps towards making a better tomorrow. ExxonMobil’s Environmental Policy consists of the following: * Abide by the rules and regulations of environmental law and make educated decisions when there are no laws that apply. * Encourage their employees to respect and have concern for the environment while operating their individual tasks * Collaborate with industries and government to be more efficient and proactive during operations and projects * Prevent incidents, excess emissions and excess waste while improving facilities through operations and designs * Quick and effective responses to unfavorable occurrences * Lead and help research to further understanding on the results that the company has on the environment, to find ways to protect the environment and to create new technological advances in order to be more compatible with the environment’s needs * Exchange with the public on the issues concerning the environment in order to improve how the corporation operates * Carry out evaluations regarding the way the corporation operates to calculate the evolution The policy shows the effort that ExxonMobil is making in being more environmentally responsible in a field where environmental challenges are an everyday obstacle that they must consider. Aside from their Policies, they have been making industrial and technological improvements such...
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...Intro Exxon Mobil is one of the most successful businesses in the history of the United States. Though it did not start as Exxon, but evolved through splitting and joining of oil companies, it has always been a strong competitor in the field of oil sales. Exxon is now one of the top companies in the world, and has its eye on growth. According to Fortune 500 Exxon is the second largest company in the world, and though it is not the number one largest, it is the most profitable. In 2011 Exxon’s profits topped $30 billion, a whopping 58% jump. Background In 1870 a man named John D. Rockefeller founded a company called Standard Oil Company and by 1878 it controlled 95% of the US refining capacity. By 1911 the Supreme Court of the United States[->0] ruled that Standard Oil must be dissolved and split into 34 different companies. Two of these companies were Jersey Standard[->1], which eventually became Exxon, and Socony[->2] which eventually became Mobil. [5] Both companies grew significantly over the next few decades. In 1931, Socony merged with Vacuum Oil Co.[->3], an industry pioneer dating back to 1866. In 1966, Socony-Vacuum changed its name to ‘Mobil Oil Corporation’. A decade later, the newly incorporated Mobil Corporation absorbed Mobil Oil as a wholly owned subsidiary[->4]. Jersey Standard, led by Walter C. Teagle[->5], became the largest oil producer in the world. Jersey Standard changed its name to Exxon Corporation in 1972 and established Exxon as a trademark throughout...
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...ExxonMobil is an American oil and gas corporation and a direct descendant of John D. Rockefeller's Standard Oil Company (Wikipedia.org). It was formed in November 1999 by the merger of two companies Exxon and Mobil. ExxonMobil is involved in oil and gas exploration, production, transportation and marketing in more than 200 countries and territories. Some of the major lines of business ExxonMobil is operating in is they manufacture basic petrochemicals, such as olefins, aromatics, and polyethylene and polypropylene plastics (Fundinguiverse.com). ExxonMobil supplies refined products and services to more than 40,000 service stations operating under the brand names Exxon, Mobil, and Esso (Fundingunivers.com). These products and services include fuels, lubricants, stores & marts, service stations and travel services (ExxonMobil.com). ExxonMobil has many employees and most of them are employed internationally. At the end of the year 2007, ExxonMobil’s worldwide workforce numbered nearly 81,000 employees. 37 percent were located within the United States and 63 percent internationally (ExxonMobil.com). Our team chose to do ExxonMobil because we were interested in the price of gas, and why it has kept going up. We wanted to find out how much revenue gas companies where making, and the cause of the increasing gas prices. Since ExxonMobil is the world's largest publicly traded international oil and gas company, we chose to do them. As we did our strategic analysis about them, we found...
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... Ph.D December 2013 Executive Summary ExxonMobil is an American multinational oil and gas corporation that is headquartered in Irving, Texas. On November 30, 1999, Exxon and Mobil merged to become ExxonMobil. ExxonMobil is the largest publicly traded petroleum and petrochemical enterprise in the world (www.exxonmobil.com). The main activities of ExxonMobil are exploration, production, transportation and sale of crude oil and natural gas as well as the manufacture, transportation and sale of petroleum products (www.corporatewatch.org). This analysis will discuss the history of ExxonMobil. The analysis will identify the market structure and production decisions of the company. It will attempt to determine consumer demand. Through the findings of consumer demand the analysis will also attempt to determine the behavior and pricing strategies of ExxonMobil. It will also provide an explanation of management decisions. And, an explanation of management approaches to opportunities along with threats from macroeconomic expectations and implications. The analysis will also identify ExxonMobil’s competitors. Some common examples of competition are; Royal Dutch Shell, BP, and Chevron. The analysis will further discuss how the decisions of each individual company may affect similar companies in the industry. HISTORY ExxonMobil is the biggest and most profitable of the Western “supermajor” oil companies (ExxonMobil: Oozing Success). In 1999, when Exxon and Mobil merged...
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