...CHINA NATIONAL PETROLEUM CORPORATION HISTORY China National Petroleum Corporation (CNPC) is based on the national reform program, in July 1998 in the former China National Petroleum Corporation, established on the basis of the large petroleum and petrochemical enterprise group, is a state-authorized investment institutions and state holding company, is the implementation of upstream and downstream, domestic and foreign trade, production and marketing integration, according to the modern enterprise system and the operation of trans-regional, cross-sectoral, cross-border operations, integrated oil companies. As China's largest crude oil, natural gas producer, suppliers and the largest oil refining producer and suppliers, China National Petroleum Group is involved in oil, gas exploration and development, refining chemicals, pipeline transportation, oil and gas refinery product sales, petroleum engineering technical services, petroleum machinery manufacturing, oil trade and other fields, in China's oil and gas production, processing and market-dominant position in the U.S. "oil Intelligence Weekly" top 50 ranking of the world's oil companies, China National Petroleum Group, ranked No. 10 , in the "Fortune" magazine published in 2004, ranking the world's top 500 enterprises, from the previous year's first 69 upgraded to 52 bits, ranking ahead of 17. China National Petroleum Group registered a total capital of 114.9 billion Yuan, the existing total assets of 736.2 billion Yuan in...
Words: 2433 - Pages: 10
...A critical analysis of ZTE’s strategy based on the environment is given in the third part. The last part is the future implication. Part 1 Introduction ZTE first founded as Zhongxing Semiconductor Co. Ltd, in 1985, Shenzhen, China. At its early age, ZTE has gained great success. In 1995, ZTE became the first Chinese firm in telecom industry to attain the ISO09001 quality standard certification. In 1996, ZTE started to take the multi-product research and development strategy, which included wireless switching, transmission, access, video conferencing and power supply systems (ZTE, 2012). In 1997, ZTE was listed on Shenzhen Stock Exchange in China. ZTE is currently the biggest telecommunications equipment manufacturer in China’s A stock market. In 2004, it became the first A-share company to be listed in Hong Kong Stock Exchange (Datamonitor, 2011). The focuses of ZTE never limited only in domestic market. ZTE launched its international expansion and expanded aggressively since 2000s. The initial overseas destinations were mainly in Asia and Africa. Currently, ZTE is becoming a global leading provider of telecom equipment and networking solutions which serves clients in 140 countries across the world (Datamonitor, 2011). Due to ZTE’s implementation of multi-product research and development strategy, multiple products contributed to the whole revenue. ZTE has a global leading telecommunication product line providing first-class technologies in wireless, switching, access...
Words: 3171 - Pages: 13
...The international BCC Corporation, one of the world’s largest corporations, was formed in 1987 by a merger of two national electro-technical companies, the first step in an attempt to restructure a traditionally conservative and nationally based engineering industry into a fully international industry. From this Western base, the group has grown by ‘going East’, investing in and acquiring new companies in Eastern Europe, Russia, South-east Asia and China. The group has attempted to achieve both global scale and decentralised local presence, with component businesses divided into several thousand profit centres, with remarkably few corporate managers at the top, or at Headquarters. English is the designated company language. A strategy of mergers and acquisitions in order to achieve market leadership and, in selected markets, global dominance, has since characterised the company. BCC: The nature of the business BCC now employs more than 200,000 people and last year total sales amounted to US $28,300 million. The group is organised in five Business Segments: Power station design and build Power transmission and distribution Industry systems and building systems Transportation Financial services The five Business Segments are then subdivided into about 50 international Business Areas. Within Power Transmission and Distribution, for example, there are Business Areas responsible for cables, transformers, high voltage switchgear, network control, network installation...
Words: 3343 - Pages: 14
...Management Communications with Technology Tools Dr. Raj Singh April 23, 2012 Introduction As a result of globalization, the world in which we do business is increasingly becoming smaller and smaller. People are buying and selling goods, providing services, and communicating with others on a much more global scale. One hundred years ago it would have taken these people months to communicate, but today they can communicate with the press of a button. As our interactions with those from cultures much different than our own increases, communicating with one another creates obstacles we normally wouldn’t face when interacting with those from our own culture. This presents the peculiar problem for the business because it must train managers to effectively communicate within the constructs of different cultural norms and values. Communicating to others the importance of diversity in multinational corporations is a difficult task because it essentially involves asking others to reject the idea of their culture being superior to others. As O’Rourke (2010) points out, “failures in an overseas business setting most frequently result from an inability to understand and adapt to foreign ways of thinking and acting, rather than from technical or professional incompetence,” (p. 284). Regardless of difficulty, if a business is going to remain competitive as a multinational corporation, it is absolutely imperative...
Words: 2138 - Pages: 9
...GRANT CHAPTERS Chapter 16 – Diversification Strategy * Linkages are not enough, the key to creating value is the ability of the diversified firm to share resources and transfer capabilities more efficiently than alternative institutional arrangements * Companies in low-growth, cash-flow rich industries such as tobacco and oil have been especially susceptible to the temptations of diversification * Diversification does not reduce “systematic risk” * Porter has 3 essential tests to decide if you should diversify 1. “Attractiveness Test” – the industry you enter must be attractive or capable of making attractive 2. “Cost-Of-Entry” – it must not capitalize all future profits 3. “BETTER OFF TEST” – the new unit must gain an advantage from being linked to the company (P&G & Gillete) * The attractiveness test and cost-of-entry usually cancel each other out. * An argument for diversification is “economies of scope” – This could be tangible resources such as sharing distribution networks, therefore eliminating duplication * You can also explore a brand to achieve “economies of scope” * Also management and organization capabilities = “economies of scope” * You don’t need to diversify to achieve “economies of scope”, you can license 1. ex: - Pepsi selling Starbucks Frappachino * Deciding which way to achieve “economies of scope” is a debate about market contracts...
Words: 3939 - Pages: 16
...Williams (2002) regard the globalization phenomenon as a spatial widening of the linkages between places, leading to the internationalization of cultures, global flows of goods and services and increased competition. According to Cooper et al (1998), the crux of globalization is in the increase in world-wide business and trade between multi-national and trans-national corporations, irrespective of their geographical locations.” [ Mpofu : JBAS Vol. 1, No. 2, Sept. 2009 ]. Understanding it in an economic sense, globalization renders world-wide scope to changes in the Political, Economic, Social, Technological, Environmental and Legal ( PESTEL ) domains of national governments, resulting in increased inter-dependence amongst nation-states, inter-action and integration between peoples, and ease of conduct of business across geographically spread countries. In creating competitive environments and bringing about reciprocal benefits, nation-states co-operate in facilitating ease of travel, lifting trade barriers for movement of goods and services, facilitating conducive environments for conduct of business, easing entry-exit laws on legal movement of people across national boundaries, and embracing international labour-related laws to tap into human resource talent and filling gaps in labour short-falls. 1.2 EMERGENCE OF THE INTERNATIONAL HOSPITALITY INDUSTRY The globalization of travel creating demand for hospitality services in host countries can be said to...
Words: 2479 - Pages: 10
...Accenture that supports an innovative not-for-profit business model as a means to channel the core business capabilities of Accenture to organizations in the international development sector. This article will give an overview of the offering, a look inside the industry where large corporations choose ethics over profit and will help the reader gain an understanding of what is necessary to successfully work within this group. . Ethics vs, Profit: An Exploration of Accenture Development Partnership My goal is clear; it has been for roughly five years now. When I left the not-for-profit sector and joined a Accenture, I did so with the very specific goal of returning with new and fine-tuned skills. As I sat in my New Joiner Orientation and learned about ADP, I knew that one day I would join Accenture Development Partnerships and once again work on projects that serve the greater good. I will channel the skills I have gained from my experience within a multi- national corporation, bring my non-for-profit sensibilities, expertise in development and fundraising to help advance sustainable solutions to global development challenges. Until joining Accenture, all of my adult work experience comes from the not-for-profit sector where I worked in very creative atmosphere within event management, fundraising and development.. After years of mounting mistrust of corporations and strong desire to distance myself from all ...
Words: 1519 - Pages: 7
...corporate citizenship | |Performance measurement | |Accountability and governance | |Stakeholder engagement, consultation, reporting and governance | |Corporations, territory and governance | |Globalization Themes | |Corporate power | |New technologies...
Words: 663 - Pages: 3
...Semester Project: What does it mean to be an Operations Manager in The International Environment Fedorenko Danil 21.02.2013 Introduction Many of the techniques used in Operations Management are essential for the international business consultant. These tools allow consultants to advise companies on selecting the best locations for their facilities, determining the most efficient balance of employees to comprise their global workforce, customizing products to satisfy specific local needs, maximizing the efficiency of the global supply chain, and determining the necessary capacity of local operations. In order to use these tools in a multinational context the operations manager must have a solid grasp on global issues. He or she must be familiar with the firm's overall international strategy and the reasoning that went into developing it. He or she must be must familiar with the critical success factors involved in selecting site locations, the process by which an international corporate strategy is formed, and the changes in the organization that will need to take place in order to implement it. Without a grasp of these concepts the operations manager will not be able to use the tools of operations management to help his or her firm establish a presence in new markets. How OM Techniques can help International Consultants to become better Managers The operations aspect of international consulting should start with a SWOT analysis, an examination of Strengths, Weaknesses...
Words: 3887 - Pages: 16
...Business Lessons from the Success & Failure Stories of Corporate Parenting | | Executive Summary The need and effectiveness of corporate parenting has been the center of numerous strategic decisions discussions for a multi-business organization for a long time now. The existence of a corporate parent, the management level which is directly not a part of consumer-facing and profit-making business units, carries a cost to the entire business. These costs that include corporate overheads due to mismatch in synergies among the SBUs, delays in decision processes etc., do not get strike out by any direct revenue streams of the business. Therefore, it becomes a necessity for a corporate parent to justify its existence as it looks to find reasoning to whether and how it adds value to the overall business and SBUs alike. Corporate parent gives opportunity to develop lateral synergies across interrelated business units but of late these lateral relationships between businesses are often net negative rather than positive. It is also argued that most of these lateral synergies are present between independent businesses like GE. Values creations, Diversity, Leveraging resources across SBUs – Resource Stretching, are the strategic propositions that corporate parent boasts of bringing in to the overall organization. However, like in the case of Sears, Burns Philp, and most of the multi-business, there lie implicit and pervasive tendencies that contribute to unavoidable drag to the...
Words: 4213 - Pages: 17
...The Colourful Corporation [pic] Research Study: Prosperity without Growth? Executive Summary The aim of this report is to identify and define the conditions that create a sustainable economy and report on the effects they might have on the future governance, vision and strategy of The Colourful Corporation. In doing so the report has analysed the most pressing issues that relate to the development and continuation of a sustainable economy. The research has been undertaken at the request of the CEO and uses academic literature as its backbone. Overall the report found that there are many factors that are consistent with a sustainable economy with the following being researched: science & technology; ecology & sustainability; population, demographics, society & culture as well as economy, geopolitics & security. The report concludes that the future of the global economy will be built on innovation, low-waste, long-term planning and will be developed in harmony with the natural environment, and that these factors should be used in the development of the company’s future vision and strategy. The report recommends that the company: • Invest in Research & Development (R&D) • Decrease the use of chemicals, pesticides etc. in production & process work • Further research the implications of population growth and cultural homogeneity and its effects on the company. • Take a cautious approach to large financial investments Table of Contents ...
Words: 2019 - Pages: 9
...Common Principles and Practices Used to Successfully Manage the 21st Century Technology-Intensive Organization. VIJENDRA KALYAN CHAKRAVARTHI NANDURI CWID: 50116137 Assignment #1 TMGT 599 01W Management of Technology in Organizations Presented to: Dr. Jerry D. Parish, Professor of Technology Management October 8 Abstract Effective use of Technology provides a competitive edge. Technology is a means, not an end. People are the most important resources. Most projects fail due to poor management. The lessons learned from the traditional business management practices and principles which lead for the today’s technology – intensive organizations are * Imbalance between technology generation and technology diffusion in the Industries * Requirements of international facility location and technology transfer * Technology will be useful only when it is used. * More emphasis needs to be placed on adoption, adaptation, and exploitation of technology. Technology refers to the theoretical and practical knowledge, skills, and artifacts that can be used to develop products and services as well as their production and delivery systems...
Words: 2601 - Pages: 11
...could make a difference to this terrible humanitarian disaster. Microsoft is going to fulfill its corporate social responsibility, it organizes a group of professional technicians to provide technology software and hardware with which a refugees' registration system could be created and through collaboration with NGOs, with UNHCR and organizations that were taking care of the many displaced victims. Microsoft employees initiated a project that would become wide cross-sector collaboration. Loyal to its field of competence, Microsoft donated cash, software, technology assistance, and volunteers' working hours. As things stabilized, Microsoft began to partner with other companies assisted UNHCR in the overall project management pro-bono and provided pro bono time from employees to help roll out the technology in various refugee camps. In the same period, the counter-examples of CSR also alert public to pay attention to the fact that time and space were shrinking rapidly for international business and citizens: globalization had started to leave its marks, financial and business had globalized as well as risks. At the same time, the progressive development of partnerships, ISO and Social Accountability norms and the Triple Bottom Line concept had started to influence a generation of business leaders. It became increasingly clear that good citizenship would need to be closely connected to the corporate mission and not be an "add-on." At the very same time, Microsoft went through...
Words: 2502 - Pages: 11
...Executive Summary The new version of globalization sees the trans- and multinational companies being the major players guided by the policies and treaties of the oversight international organizations and supported by technology. Given that the focus continues to be cross border trade, integration and investment, in the absence of any communal decision making process with defined criteria, it has been clear that globalization continues to be challenged with respect to ethical decision making for sustainable development. This paper summarizes the role and function of the major globalization oversight organizations and touches on the extent of the power that they wield. It briefly discusses the advantages and disadvantages of globalization and attempts to identify the goals of globalization and given these goals and the identification of the stakeholders and subsequently to evaluate whether or not it is a driver or barrier to ethical decision making and sustainable development. ‘Ethics is more than the right thing to do: it's the smart thing to do.’ Global Institute of Ethics 1.0 Introduction It appears to be no easy feat to get a precise definition for Globalization. The definition can range from that of Nobel prize-winning economist Joseph Stiglitz who defined it as “the closer integration of the countries and peoples of the world which has been brought about by the enormous reduction of costs of transportation and communication...
Words: 5456 - Pages: 22
...International Journal of Physical Distribution & Logistics Management Globalisation strategies and business organisation of a network of logistics service providers W. Lemoine Lars Dagnæs Downloaded by UNIVERSITY OF LIVERPOOL At 07:46 05 October 2014 (PT) Article information: To cite this document: W. Lemoine Lars Dagnæs, (2003),"Globalisation strategies and business organisation of a network of logistics service providers", International Journal of Physical Distribution & Logistics Management, Vol. 33 Iss 3 pp. 209 - 228 Permanent link to this document: http://dx.doi.org/10.1108/09600030310471961 Downloaded on: 05 October 2014, At: 07:46 (PT) References: this document contains references to 44 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 7188 times since 2006* Users who downloaded this article also downloaded: Alain Halley, Alice Guilhon, (1997),"Logistics behaviour of small enterprises: performance, strategy and definition", International Journal of Physical Distribution & Logistics Management, Vol. 27 Iss 8 pp. 475-495 Mohammed Abdur Razzaque, Chang Chen Sheng, (1998),"Outsourcing of logistics functions: a literature survey", International Journal of Physical Distribution & Logistics Management, Vol. 28 Iss 2 pp. 89-107 Abby Day, (1993),"Logistics Information Management", Marketing Intelligence & Planning, Vol. 11 Iss 6 pp. 16-19 Access to this document was...
Words: 9197 - Pages: 37