Exxon Mobil Corporation used strategic plans to effect strategic changes, including mergers. The company merged with Mobil in 1999 to reduce costs and expand globally. The merger combined the companies' resources and operations, allowing Exxon Mobil to cut over $4 billion in costs. Additionally, strategic plans guided expansion into new markets and maintenance of leadership in core businesses. By analyzing industry forces and managing assets selectively, Exxon Mobil successfully implemented gradual strategic changes over time to adapt to shifting business conditions.
this presentation has been made as assignment by the Afghanistan scholars in SCMHRD, and got great score among other presentation, data which has been used for this presentation was from secondary resources. from up to bottom the brand prism it describe that what companies send the picture and what the customer receive the picture of brand and company, it all related how good the company do the brand prism job.
PowerPoint Presentation discussing the marketing case study of Microsoft. From the chapter Collecting Information and Forecasting Demand from Kotler’s Marketing Management textbook.
this presentation has been made as assignment by the Afghanistan scholars in SCMHRD, and got great score among other presentation, data which has been used for this presentation was from secondary resources. from up to bottom the brand prism it describe that what companies send the picture and what the customer receive the picture of brand and company, it all related how good the company do the brand prism job.
PowerPoint Presentation discussing the marketing case study of Microsoft. From the chapter Collecting Information and Forecasting Demand from Kotler’s Marketing Management textbook.
Comm. 450 - Advertising & Brand Communication Management
CSUF Spring 2017
Final Project
The purpose of this team project was to apply the knowledge we had acquired and implement it to a real brand. The audit consists of four sections: 1) Background 2) Brand Inventory 3) Brand Exploratory, and 4) Strategic Recommendations.
Digitizing your business / Class assignment.
Our team developed a new digital business model for Whole Foods market, to support revenue streams and future-proof the business.
This PPT describes briefly the current business model, set out a framework of the category and consumer motivation and presents a new model recommending the benefits of The Personal Shopper - virtual figure.
[jun 2011]
Digitizing your business model - Professor: Neil Perkin
Master of Digital Marketing - HULT London
Illustration: Carlos Rivas
[Originally the characters were created as a representation of colleagues in Advertising]
MBA thesis focusing on ExxonMobil's position in the oil and natural gas sector describing events and technology such as natural catastrophes, Russian joint ventures, fracking, and the possible fate of green energy.
MBA thesis focusing on ExxonMobil's position in the oil and natural gas sector describing events and technology such as natural catastrophes, Russian joint ventures, fracking, and the possible fate of green energy.
Comm. 450 - Advertising & Brand Communication Management
CSUF Spring 2017
Final Project
The purpose of this team project was to apply the knowledge we had acquired and implement it to a real brand. The audit consists of four sections: 1) Background 2) Brand Inventory 3) Brand Exploratory, and 4) Strategic Recommendations.
Digitizing your business / Class assignment.
Our team developed a new digital business model for Whole Foods market, to support revenue streams and future-proof the business.
This PPT describes briefly the current business model, set out a framework of the category and consumer motivation and presents a new model recommending the benefits of The Personal Shopper - virtual figure.
[jun 2011]
Digitizing your business model - Professor: Neil Perkin
Master of Digital Marketing - HULT London
Illustration: Carlos Rivas
[Originally the characters were created as a representation of colleagues in Advertising]
MBA thesis focusing on ExxonMobil's position in the oil and natural gas sector describing events and technology such as natural catastrophes, Russian joint ventures, fracking, and the possible fate of green energy.
MBA thesis focusing on ExxonMobil's position in the oil and natural gas sector describing events and technology such as natural catastrophes, Russian joint ventures, fracking, and the possible fate of green energy.
BUSN226 – Business Analysis In-Depth Analysis of Strengths and .docxRAHUL126667
BUSN226 – Business Analysis
In-Depth Analysis of Strengths and Weaknesses
1. Company strategy and objectives
Exxons main objective is to achieve excellence in their daily operations, along with creating superior cash flow, and long-term shareholder value. They aim to posses and maintain a competitive advantages that will support strong results for the present and positively position them for the future.
Some of the core elements of their business strategy listed on the company website include:
· Consistent focus on delivering operational excellence
· Recognizing that strong business strategies only work with superior execution, so they work to increase production and efficiency while preserving product quality excellence.
· Build technology leadership
· Leading the way in new product development while improving existing products through technological innovation is essential to strengthening our premier industry position.
· Benefit from integration
· Investing with intelligence and discipline
· Looking beyond market fluctuations to identify long-term trends that will shape the industry.
Our strategy. (n.d.). Retrieved November 10, 2016, from http://www.exxonmobilchemical.com/Chem-English/about/our-strategy.aspx
2. Functional Areas
a. Human Resources
i. Organization chart (www.theofficialboard.com may be helpful)
Lauren_salyer Follow. (2010, May 23). Exxon Mobil Corporation. Retrieved November 10, 2016, from http://www.slideshare.net/lauren_salyer/exxon-mobil-corporation
ii. names, tenure & backgrounds of 3 C-suite executives
R. W. Tillerson — Chairman of the Board
“Rex Tillerson is the Chairman and Chief Executive Officer of Exxon Mobil Corporation. He became the General Manager of EUSA's Central Production Division and was responsible for oil and gas in 1989.
production operations throughout a large portion of Texas, Oklahoma, Arkansas and Kansas. In 1992, Tillerson was named Production Advisor to Exxon Corporation. Three years later, he was named President of Exxon Yemen Inc. and Esso Exploration and Production Khorat Inc., and in January 1998, he became the Vice President of Exxon Ventures (CIS) Inc. and President of Exxon Neftegas Limited. Tillerson earned a Bachelor of Science in Civil Engineering from the University of Texas at Austin before joining Exxon Company, U.S.A. in 1975 as a Production Engineer.”- (ExxonMobil Research & Engineering 2012).
M. J. Dolan — Senior Vice President
“Michael Dolan is a Senior Vice President at Exxon Mobil Corporation. He joined Mobil's worldwide petrochemicals division in 1993 in Houston, Texas. Dolan progressed through a variety of strategic
planning and business management positions in the aromatics, olefins and polyethylene businesses before becoming Vice President and General Manager for Petrochemicals in the Americas in 1998. Following the Exxon and Mobil merger, in 2000, Dolan became the Middle East and Africa Regional Director of ExxonMobil Chemical Company located in Brussels, ...
Running Head TOTAL OILING COMPANY18 Total O.docxagnesdcarey33086
Running Head: TOTAL OILING COMPANY 1
8
Total Oiling Company
Total oiling company
The Total Oiling Company is a known enterprise which having more than thousand branches spread all over the world. It is a French multinational which integrates Gas and Oil Company. Also to that, it is one among the six leading superior oil companies across the world which covers both oil and gas chain. These includes natural gas, crude oil products trade, and exploration of natural gas, production, refinement, petroleum product marketing and generation of power.
Total Oil Company has a clear, focused strategy which focus on the set goals by employing the distinctive capabilities and managing their quality portfolio actively.
The following are the key strategies that will realize the growth of Total Oil Company if it will be put to practice.
Quality Management
This comprises of planning, quality assurance, and steadfast improvement this is a crucial strategy in that customers always want to use top notch products of high quality. Also to this, this builds trust with the shareholders. Quality management, therefore, is an important strategy for forming a backbone to the success of the company. This intelligent strategy of offering careers to the people and many years of experience in the gas and oil industry provides confidence and skills which helps especially United Arab Emirates Countries to work successfully in the industry (Zook, 2004).
Market Penetration
This is an important strategy for any company to realize growth. Even large companies such as Total Oiling Company uses this strategy when for instance it tries to market its existing products and services that will boost its market share. Market share is the percentage of units and dollars sales in which a company holds in a market compared to all other competitors. This can only be done by the lowering of prices of the firm operational cost. I the markets in which there is small product differentiation, by lowering of the prices will help his company when increasing its market share.
Market Expansion
The market expansion growth strategy is also called the market development that comprise of selling of the current products and services in a new market. Some of the reasons why Total Oil Company may consider market expansion strategy. To start with, there may be stiff competition in which there is no longer any room for growth within the current market. In any case, if the business cannot find new markets for its products, it can be hard for it to increase the sales and the profits (Mearsheimer, 2010).
Product Expansion
Any company may expand its product line and add new features that will boost its sales and the profit margins. This is also known as product development. This is where it continues selling within the existing markets. The Total Oil Company for instance has capitalised on this strategy in that it started operating in different line that include the covering of gas and oi.
Running head TOTAL COMPANY STRATEGIC PLANS .docxagnesdcarey33086
Running head: TOTAL COMPANY STRATEGIC PLANS 1
TOTAL COMPANY STRATEGIC PLANS 6
Total Oiling Company: Strategic Plans
The Total Oiling Company is a well-known enterprise that has thousands of branches across the globe. It is a French multinational that integrated gas and oil companies. It is one of the six leading or superior oil companies in the world. The company’s businesses cover the gas and oil chain. They cover from the natural gas and crude oil, transportation, crude oil products trade, natural gas exploration and production, refining, marketing of petroleum products, and power generation. Additionally, the company has its head office in the West of Paris, Tour Total. The company’s history began with the creation of the CFP in the 1920s. CFP stands for the Compagnie Francaise des Petroles. Initially, the oil was produced in the Middle East. Later, Total began to expand into diverse petroleum, chemicals, refining and petroleum product marketing. They also expanded internationally. A hundred years down the line, Total Company has developed and grown to be a leading energy producer with a cutting edge innovation. The company's success is associated with the three statements. They have strengths and weaknesses connected to the statements. In addition, the company faces large opportunities as well as threats. All in all, the Total Company development and growth into an international company is tied to its customs and practices that place it at the top of the market in the oiling industry. In summary, the Total Oiling Company has grown into the broad brand due to its strategic plans.
The company has clear strategies that focus on the goals set, they employ the distinctive capabilities and actively manage their quality portfolio. As a result, the company creates a shareholder value because they create a sustainable cash flow freely. The flow is also over a long term. Additionally, Total Company is disciplined in its approaches that lead to the growth of their distributions to the shareholders over the time. First, the company has clear priorities that are to have or run compliant, reliable and sage operations (Hill, et. Al., 2014). Consequently, the company has better operations and safe performances. Secondly, Total aims at achieving a competitive project execution that will deliver projects efficiently. For this reason, the company meets its budget. Also, the company seeks to make financial choices that are disciplined and support growth (Hill, et. Al., 2014). Therefore, the business operates cash from its businesses, financial resilience and disciplined allocation of capital for it to achieve its financial goals. The third strategy is in creating a quality portfolio. The management actively manages the portfolio so that it identifies the company’s strength. Therefore, the company constantly explores its.
Motivations behind the mergers & acquisitions by larger corporationsCharm Rammandala
The purpose of this article is to understand what drives large corporations to mergers and acquisitions. It is noted that large corporations are intensifying their efforts to merge or acquire various firms which strategically important to the growth of the company. This paper will examine the reasons behind the increasing trend of mergers and acquisitions and its true benefit to the shareholders.
Running head CHEVRON CORPORATION1CHEVRON CORPORATION 2.docxtodd271
Running head: CHEVRON CORPORATION 1
CHEVRON CORPORATION 2
Chevron Corporation
Lucy Rowell
Introduction
Chevron is an American based multinational company that operates within the energy industry. The headquarters of the company is at San Ramon, California. Chevron was founded back in 1849 and has operated for over 140 years. The operating revenue of the company is at $158.9 billion with an operating income $15.45 billion. It acted as the predecessor of standard oil company and the company has continued to be fully functional and a leading player within the energy sector. Chevron operates in over 140 countries across the globe. It is ranked as one of the largest oil companies around the world which has positively contributed to the economic growth of the country. It is also traded in the New York Stock Exchange making it one of the leading players within the oil sector. The paper explains the impacts of technology and globalization together with the organizational model and resource-based model.
Globalization
Globalization is one of the key issues that positively led to the expansion of the company within the globe. The emergence of other oil companies have led to the expansion of the multinational corporation to other countries. Through Foreign Direct Investment, chevron has managed to expand its services to other parts of the globe (By, 2016). Companies such as BP plc. Offered competition to the company making it to adopt expansive strategy that facilitates it to be fully effective within the industry that it operates within. However, factors such as the great depression affected the prices of oil in the country affecting the industrial position. The ability of the company to evolve and adopt to the global industrial skeptics has enabled it to be fully functional in both developed and developing countries across the globe.
Technology
The change in technology within the oil sector is a factor that has made Chevron to continuously evolve and remain relevant within the industry. Today, Chevron is one of the companies within the oil industry that has ensured that it integrated IT with is administrative structure. The company is keen at using social media sites such as Facebook and twitter as part of its marketing strategy (Tarca, Vatuiu & Popa, 2016). The existence of the company website https://www.chevron.com/ enables customers and employees to access the site and get more information about the site. The website contains important information such as project portfolio, operations, technology, corporate responsibility and the company investors. The company has highly been successful in integrating employee information through systems that adjust to the needs of the market that facilitates the company to be fully effective.
The Industrial Organizational Model
The industrial organizational model of the company is highly organized and detailed to provide a clear understanding of the process. The basic conditions for Ch.
OBU – Oxford Brookes University BSc Honours in Applied Accounting.Academic Mania
Topic 8: The Business and Financial Performance of an Organization over a three year period.’
Oxford Brookes (OBU) ACCA Applied Accounting RAP Thesis For
ACCA Oxford Brookes BSc (Hons) in Applied Accounting
Running head SOCIAL PERFORMANCE OF AN ORGANIZATION .docxtoltonkendal
Running head: SOCIAL PERFORMANCE OF AN ORGANIZATION 1
SOCIAL PERFORMANCE OF AN ORGANIZATION 2
SOCIAL PERFORMANCE OF AN ORGANIZATION: BP PLC. CASE STUDY
Renzo Rey de Castro
Strayer University
Professor Melvin Murphy
BUS-475
August 1, 2016
Nature, structure and type of products
BP plc., formerly referred to as the British petroleum company, is among the world’s largest energy companies. It is a vertically integrated oil and gas company. Through two main operating segments, the upstream and downstream segments, it finds, develops, and produces essential sources of energy and converts them to products that people need. More comprehensively it operates in all areas of oil and gas production. This includes exploration, production, refining, distribution and marketing of oil and oil products. Besides that, it as well is involved in petrochemicals, power generation and trading with interests in renewable energy, biofuels and wind power. The company generally creates value from the hydrocarbon value chain. Besides having interests in alternative sources of energy such as wind and other renewable energy, the corporation as well has research facilities, besides wind farms that are aimed at continually finding new methods of producing environmental friendly energy and methods of ensuring that even those energy sources that are mainly not environmental friendly are produced in the most environmental friendly way.
The company operates in six continents and thus needless to say, it is a Multinational Corporation. Its services and products are available in more than 100 countries across those continents where it operates. It was established in the year 1908. It is until the change of Persia’s name to Iran that it became Anglo-Iranian Oil Company in 1935 having been Anglo Persian Oil Company there before since inception. It became British Petroleum in 1954 and later on in the 21st century became just BP (The History of the British Petroleum Company, 2 Vols. 2012).
As a corporation, it is owned by shareholders whereby there are about 1.2 million of them. It is listed at the London Stock Exchange and is a member of the FTSE 100 Index. It as well has secondary listings on Frankfurt Stock Exchange and the New York Stock Exchange. It has a refinery capacity of around 2.7 crude oil barrels per day and has interest in about 17 moil refineries. Castrol, Acro, Aral, ampm and Wild Bean café, besides BP, are its main brands (Lustgarten, 2012).
The company has the objective of geographically locating oil and gas sites through exploration and coming up with producing methods to extract the finds. Most of its international activities consist of joint ventures. In these joint ventures, the company offers expertise as well as training and management support and in this method it enables other oil companies to come up with and develop new business ventures ...
Fueling Strategic Transformation at Emirates National Oil CompanyRafael Lemaitre
This case study looks at the transformation journey that Emirates National Oil Company (ENOC) undertook, to transform its management capabilities, thanks to the development and implementation of a best-in-class strategy execution framework.
In today’s scenario, we come across great mergers and acquisitions of various companies generally to enhance their financial synergies for lower cost of capital, to improve the company’s performance, and for diversification for higher growth products or markets. In general terms mergers and acquisitions, we mean the consolidations of two or more companies to form one. Although M&A are used interchangeably, they come with different legal meanings, as in mergers, two companies of similar size or so combine to form a new single entity. On the other hand, an acquisition is when a larger company acquires a smaller company, thereby absorbing the business of the smaller company. Moreover, mergers and acquisitions transactions can be differentiated as a horizontal, vertical, conglomerate, etc, or determined in form as a statutory, subsidiary, or consolidations. Valuation being a significant part of M&A is a major point of discussion between the acquirer and the target company.
Select a company- a for profit organization- and explain its strategic.docxdarlened3
Select a company- a for profit organization, and explain its strategic planning methodology and manifestations in 500 words or more.
Solution
Profitable organization is one that generates more money than it expends. Profitable organizations are businesses that use a variety of tactics to make a profit. Businesses may use different managerial styles and leadership approaches to increase employee motivation and satisfaction, which has been shown to increase worker productivity. Calculating return on investment (ROI) will help businesses determine whether they are generating a profit.
Profit Organization:
Exxon Mobil , Global 500 rank: 3, 2012 profit ($ millions): 44,880.0, Country headquarters: U.S.
ExxonMobil , is an American multinational oil and gas corporation headquartered in Irving, Texas, United States. It is a direct descendant of John D. Rockefeller\'s Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil (formerly Standard Oil of New Jersey and Standard Oil of New York). It is affiliated withImperial Oil which operates in Canada.
Company\'s Strategic Planning:
1) FINANCIAL STRATEGY
.
STRATEGIC FIT WITH THE INDUSTRY ENVIRONMENT ASSESSMENT 1STRA.docxflorriezhamphrey3065
STRATEGIC FIT WITH THE INDUSTRY ENVIRONMENT ASSESSMENT 1
STRATEGIC FIT WITH THE INDUSTRY ENVIRONMENT ASSESSMENT5
Strategic Fit With the Industry Environment Assessment
Name:
Institution:
Submission Date:
STRATEGIC FIT WITH THE INDUSTRY ENVIRONMENT ASSESSMENT
Executive Summary
Ford Motor Company uses a strategic structure that closely monitors the needs of the business on different conditions of the market. The company manufactures several products that are intended to target a variety of consumers in the market. However, the firm faces several competition from Toyota, General Motors and others. Either way, the company has started a One Ford slogan that pushes it through these economic crisis.
Competitive Analysis
The motor industry is characterized by a rapid increase in innovation. These innovations are all fuelled by the rapid increase in the changes of technology. First, the design of the vehicles were based on “horseless carriages” that the people were used to in those times (Polk & Co, n.d). However with the rapid technological changes, new and fashionable designs are being developed every day. Moreover, there is also the advancement of technologies such as lean production, ERP and others being utilized in the industry.
Every day, the needs of consumers change. Their tastes and preferences are highly versatile which means that Ford Company is always on its toes to try to come up with a new model that will be liked by the consumers. Therefore, they need to incorporate technology in the design of their automobiles according to the consumers’ preferences and tastes. Additionally, legal political factors are also evidenced in the motor industry. Motor industries is viewed as an important aspect in economy of a country. Thus the governments would not want to lose this industry. As a result, the governments have been known to pump cash in the industry to ensure that they keep running.
The most intense competitive forces affecting Ford Company is the high threat of substitutes. There are other substitute’s fuels that consumers could easily switch to which will leave Ford at a disadvantage. Secondly, consumers may also use alternative means and modes of transport and finally, customer loyalty has immense influence on consumers.
Strategic Position and Direction
Ford Company has garnered so much attention with its One Ford campaign. Moreover, with the government interferences, the company is doing so much better. However, their main issue is the uncertainties in the economic direction of the globe. The company uses differentiated strategy in order to target various consumers. The companies produces economy cars, sports cars, trucks and others (Ford Motor Company, 2015). The different variety of products the company offers its consumers gives them wider choices which attracts loyal customers.
The economic standards of countries keep changing as days go by. Therefore, I would recommend that the company changes its geographical sco.
_7 OTT App Builders to Support the Development of Your Video Applications_.pdfMega P
Due to their ability to produce engaging content more quickly, over-the-top (OTT) app builders have made the process of creating video applications more accessible. The invitation to explore these platforms emphasizes how over-the-top (OTT) applications hold the potential to transform digital entertainment.
At Digidev, we are working to be the leader in interactive streaming platforms of choice by smart device users worldwide.
Our goal is to become the ultimate distribution service of entertainment content. The Digidev application will offer the next generation television highway for users to discover and engage in a variety of content. While also providing a fresh and
innovative approach towards advertainment with vast revenue opportunities. Designed and developed by Joe Q. Bretz
Young Tom Selleck: A Journey Through His Early Years and Rise to Stardomgreendigital
Introduction
When one thinks of Hollywood legends, Tom Selleck is a name that comes to mind. Known for his charming smile, rugged good looks. and the iconic mustache that has become synonymous with his persona. Tom Selleck has had a prolific career spanning decades. But, the journey of young Tom Selleck, from his early years to becoming a household name. is a story filled with determination, talent, and a touch of luck. This article delves into young Tom Selleck's life, background, early struggles. and pivotal moments that led to his rise in Hollywood.
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Early Life and Background
Family Roots and Childhood
Thomas William Selleck was born in Detroit, Michigan, on January 29, 1945. He was the second of four children in a close-knit family. His father, Robert Dean Selleck, was a real estate investor and executive. while his mother, Martha Selleck, was a homemaker. The Selleck family relocated to Sherman Oaks, California. when Tom was a child, setting the stage for his future in the entertainment industry.
Education and Early Interests
Growing up, young Tom Selleck was an active and athletic child. He attended Grant High School in Van Nuys, California. where he excelled in sports, particularly basketball. His tall and athletic build made him a standout player, and he earned a basketball scholarship to the University of Southern California (U.S.C.). While at U.S.C., Selleck studied business administration. but his interests shifted toward acting.
Discovery of Acting Passion
Tom Selleck's journey into acting was serendipitous. During his time at U.S.C., a drama coach encouraged him to try acting. This nudge led him to join the Hills Playhouse, where he began honing his craft. Transitioning from an aspiring athlete to an actor took time. but young Tom Selleck became drawn to the performance world.
Early Career Struggles
Breaking Into the Industry
The path to stardom was a challenging one for young Tom Selleck. Like many aspiring actors, he faced many rejections and struggled to find steady work. A series of minor roles and guest appearances on television shows marked his early career. In 1965, he debuted on the syndicated show "The Dating Game." which gave him some exposure but did not lead to immediate success.
The Commercial Breakthrough
During the late 1960s and early 1970s, Selleck began appearing in television commercials. His rugged good looks and charismatic presence made him a popular brand choice. He starred in advertisements for Pepsi-Cola, Revlon, and Close-Up toothpaste. These commercials provided financial stability and helped him gain visibility in the industry.
Struggling Actor in Hollywood
Despite his success in commercials. breaking into large acting roles remained a challenge for young Tom Selleck. He auditioned and took on small parts in T.V. shows and movies. Some of his early television appearances included roles in popular series like Lancer, The F.B.I., and Bracken's World. But, it would take a
Unveiling Paul Haggis Shaping Cinema Through Diversity. .pdfkenid14983
Paul Haggis is undoubtedly a visionary filmmaker whose work has not only shaped cinema but has also pushed boundaries when it comes to diversity and representation within the industry. From his thought-provoking scripts to his engaging directorial style, Haggis has become a prominent figure in the world of film.
240529_Teleprotection Global Market Report 2024.pdfMadhura TBRC
The teleprotection market size has grown
exponentially in recent years. It will grow from
$21.92 billion in 2023 to $28.11 billion in 2024 at a
compound annual growth rate (CAGR) of 28.2%. The
teleprotection market size is expected to see
exponential growth in the next few years. It will grow
to $70.77 billion in 2028 at a compound annual
growth rate (CAGR) of 26.0%.
Meet Dinah Mattingly – Larry Bird’s Partner in Life and Loveget joys
Get an intimate look at Dinah Mattingly’s life alongside NBA icon Larry Bird. From their humble beginnings to their life today, discover the love and partnership that have defined their relationship.
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Orpah Winfrey Dwayne Johnson: Titans of Influence and Inspirationgreendigital
Introduction
In the realm of entertainment, few names resonate as Orpah Winfrey Dwayne Johnson. Both figures have carved unique paths in the industry. achieving unparalleled success and becoming iconic symbols of perseverance, resilience, and inspiration. This article delves into the lives, careers. and enduring legacies of Orpah Winfrey Dwayne Johnson. exploring how their journeys intersect and what we can learn from their remarkable stories.
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Early Life and Backgrounds
Orpah Winfrey: From Humble Beginnings to Media Mogul
Orpah Winfrey, often known as Oprah due to a misspelling on her birth certificate. was born on January 29, 1954, in Kosciusko, Mississippi. Raised in poverty by her grandmother, Winfrey's early life was marked by hardship and adversity. Despite these challenges. she demonstrated a keen intellect and an early talent for public speaking.
Winfrey's journey to success began with a scholarship to Tennessee State University. where she studied communication. Her first job in media was as a co-anchor for the local evening news in Nashville. This role paved the way for her eventual transition to talk show hosting. where she found her true calling.
Dwayne Johnson: From Wrestling Royalty to Hollywood Superstar
Dwayne Johnson, also known by his ring name "The Rock," was born on May 2, 1972, in Hayward, California. He comes from a family of professional wrestlers, with both his father, Rocky Johnson. and his grandfather, Peter Maivia, being notable figures in the wrestling world. Johnson's early life was spent moving between New Zealand and the United States. experiencing a variety of cultural influences.
Before entering the world of professional wrestling. Johnson had aspirations of becoming a professional football player. He played college football at the University of Miami. where he was part of a national championship team. But, injuries curtailed his football career, leading him to follow in his family's footsteps and enter the wrestling ring.
Career Milestones
Orpah Winfrey: The Queen of All Media
Winfrey's career breakthrough came in 1986 when she launched "The Oprah Winfrey Show." The show became a cultural phenomenon. drawing millions of viewers daily and earning many awards. Winfrey's empathetic and candid interviewing style resonated with audiences. helping her tackle diverse and often challenging topics.
Beyond her talk show, Winfrey expanded her empire to include the creation of Harpo Productions. a multimedia production company. She also launched "O, The Oprah Magazine" and OWN: Oprah Winfrey Network, further solidifying her status as a media mogul.
Dwayne Johnson: From The Ring to The Big Screen
Dwayne Johnson's wrestling career took off in the late 1990s. when he became one of the most charismatic and popular figures in WWE. His larger-than-life persona and catchphrases endeared him to fans. making him a household name. But, Johnson had ambitions beyond the wrestling ring.
In the early 20
Barbie Movie Review - The Astras.pdffffftheastras43
Barbie Movie Review has gotten brilliant surveys for its fun and creative story. Coordinated by Greta Gerwig, it stars Margot Robbie as Barbie and Ryan Gosling as Insight. Critics adore its perky humor, dynamic visuals, and intelligent take on the notorious doll's world. It's lauded for being engaging for both kids and grown-ups. The Astras profoundly prescribes observing the Barbie Review for a delightful and colorful cinematic involvement.https://theastras.com/hca-member-gradebooks/hca-gradebook-barbie/
1. 1
Name:
University:
Course:
Tutor:
Date: 18th February 2011,
Strategic Marketing & Planning
Use of strategic plans in effecting strategic change for Exxon Mobil Corporation
Introduction
Exxon Mobil Corporation is a multinational oil and gas company that is based in
America. It’s a descendant at of the Rockefellers standard oil company and it was formed in
1999 from the merger of the Exxon and Mobil companies. It’s headquartered in Irving, Texas.
The company is one of the world’s largest publicly traded companies and has been ranked the
number one or number two for the last five years. By the end of the year 2007 the company’s
reserves stood at 72 million oil equivalent barrels while its production rates were expected to last
for more than 14 years (Hrebiniak & William, 1984).
The company has 37 oil refineries in more than 21 countries constituting a combined
daily refinery of approximately 66.3 million barrels. Exxon Mobil is recognized as the world’s
largest refineries and this title has been associated with the former standard oil since the in
corporation in the 1870s. In addition to that the company is largest of the six recognized oil super
majors. Exxon Mobil owns hundreds of other similar subsidiaries including the imperial oil
limited in Canada and the sea river maritime which is a petroleum shipping company.
Functionally the company is organized into several global operating categories including the
2. 2
upstream, down stream, chemical Exxon Mobil global services company, XTO and finally the
imperial oil (Neil,1974).
Many organizations experiences a lot of stresses as well as difficulty when it comes to
coping with change and lack of innovation especially from within the organization has been
recognized as one of the critical problems that most of the modern businesses face in the United
States and Canada. Therefore to be successful in the competitive business world these
organizations have fewer options than to embrace to these diverse inevitable changes. Most
companies have in the past been used to illustrate success that comes with embracing
organizational change as a strategic measure (Holmstrom, &. Kaplan, 2001).
Some of them include the Hewlett Packard, general electric and the Motorola.
When it comes to describing organization changes it mainly focuses on different examples
ranging from franchising, partnerships, mergers and acquisition and joint ventures which usually
vary when it comes to its outlook, method of initiation, method of implementation and on its
goals. Generally organizational strategic changes involve two components which are planning
and analysis processes which are studied in details through a keen look at the porters five forces
model as well as careful analysis of various environments that are critical before implementing
nay organizational change. This paper will therefore critically appraise the utility of strategic
plans in the effecting of the strategic change in the Exxon Mobil Corporation (Drucker, 1995).
Critical appraisal of change in the Exxon Mobil Corporation
Organizational change is often defined as the process of an organization adopting a new
idea or behavior. In order for organizations to survive and prosper in this highly complex world,
they must continuously adapt to new situations and move in line with the developing trend of
learning organizations which are able to engage each an everyone of tits employees in its process
3. 3
of solving problems as well as foster its improvement based in lessons gained from experience
(Glueck, 1980).
Before undergoing any organization change plans to carryout an analysis regarding the
company’s reading its legal political environments and socio-economic environments. the
economic environments focuses on the economic conditions in the countries where the
organizations are operation al and focus on factors like infrastructure, economic development,
products markets ,resource ,interest rates, ,inflation, exchange rates and economic growth. The
socio-economic environment concerns with the core values including uncertainty, however
distance, collectivism, individualism and masculinity or femininity while the social values serve
to influence organizational functioning as well as management style (Hax, 1988).
All the stated factors have to be considered if any organization change has to be initiated
and implemented successfully. in addition to that some concerns have to be satisfied before
adopting any organization change for instance the players in carrying out, the evaluation of the
effects of the changes in both the strategy and structure of the performance of the organization.
Measurement of the effects of the organization changes strategy is conducted using indices like
stock market price or even market share.
Exxon Mobil and Strategic Change
By 1999, the Mobil chemical company which was established in 1960 was a great name
in the oil industry with its principal products including basic olefins and aromatics, polythenes
and ethylene glycol. The company basically produced lube additives as well as synthetic lube
base, catalysts and propylene packaging films and thus enjoyed the benefits of manufacturing in
more than ten countries (Hax, & Majluf, 1996).
4. 4
The Exxon chemical company in 1965 became a world’s wide organization and by 1999
it was it was market of its major products like the polythene and aromatics. In addition t tat the
company also had added specialty in production of plasticizers, elastomers , solvents and process
fluids. The Exxon and Mobil in 1999 merged to combine three operations to become Exxon
Mobil corporation a strategy which its top management targeted to achieve various goals
including combining their us based businesses into the largest non governmental oil company in
the world, ensure that the expectations of the merger in terms of near term cost savings as well as
the long term strategic benefits exceeds their previous values, improved competitive levels with
other multinational oil companies as well as the state owned oil companies that are expanding
rapidly outside their areas of origin (Robert,1993).
The merger between the Exxon and the Mobil was one of the uses of its strategic plans to
affect a change in the company that will eventually lead to increased benefits and improved
performance of the business operations. The plan to merge both companies was a strategic
change in that it had its business strategies at the root of change which it wanted to enter new
markets as well as foster its expansion of the six of its operations which are the basics
characteristics of an organizational strategic change. This further evident in that the company
management had conducted an initial through analysis of the oil industry’s competitive forces
and even came up with two main factors of the merger which were the need to reduce the costs
of its products considering the face of the low prices and the changes witnessed in the oil
industry. In addition to that the effect of the organizational change was fostered by the growth
experienced by the state owned oil companies as well as the emerging low cost independent
marketers and refiners in the United States markets (Hill, & Charles,1995).
5. 5
Exxon Mobil has strategic plans that had reduced is costs by more than 4 billion dollars
and had to effect the strategic change of merging the companies to make the achievement of its
future as goals much easier. Therefore the effecting of the strategic changes was one of the ways
in which the company would use to reduce it costs as mergers are generally considered as
effective ways of doing so especially when considering the act that the new resources that these
merger companies shares goes greater way to cutting significant costs.
In addition to that the plans of Exxon Mobil merging has made the company to be the
world class undisputed leader in its business enterprises and thus has strengthened its
technological leadership thus coupled wit its two century experiences in the industry and its
operations in more than 200 countries has definitely made it redefine the meaning of efficiency
and world class scale when t comes to the oil industry. Thus the plan to merge has helped the
company to effect its strategic change (Roeber,1994).
The plans of Exxon Mobil to expand its business operations was another trademark of
effecting its organizational strategic changes the company required to acquire a broader portfolio
of opportunities in the high growth markets, attractive upstream areas as well as the business in
the world at large. This strategic plan has therefore enabled it to optimize its choices to further
improvement of its returns hence an efficient strategic change for its businesses to execute plans
in capturing the targeted opportunities.
Another way in which the strategic plans of Exxon Mobil has helped the company to effect its
organizational change is the ability to effectively maintain its leadership position in the core
business as the most efficient competitor in almost every aspect of its business. This has
facilitated capturing of the quality investment opportunities which as being able to maintain a
selective as well as disciplined approach, a high quality portfolio of its productive assets,
6. 6
development and employment of the best technology, ensuring of a safe as well as
environmentally sound operations and finally being able to continuously improve its already high
quality workforce in highly performing organization while maintaining a strong financial
position and proper use of its financial resources. Therefore the company has been able to initiate
and implement its gradual strategic change successfully over time (Davidson, 1995).
Exxon Mobil cooperation has used its strategic plans to maintain an investment discipline
in terms of maintenance of high investment standards as well as adhering to fundamental
strategies to produce along term returns. The company has also been able to maintain a stable
investment profile through out it business cycle which has minimized in efficiencies (David,
1995). In addition to that it has also been keen in testing its potential investments covering a vast
range of economic scenarios thus acting only on those capable of providing resilient returns. In
implementing this strategic plan the cooperation has been able to successfully effect its strategic
change (D’Aveni, 1994). Also the effective plans of Exxon Mobil to mange its assets through
employment of a disciplined review process have ensure that all of its assets contribute to the
company’s financial and strategic objectives (Daft, 1997).
These plans enable the management to focus on improving the performance of its
existing assets by reducing the costs while at same time enhancing its productivity. These plans
strategic plans has seen the company through changing business conditions as some assets
become candidates for divestment and high grading while those which are no longer or worth
less than others are considered of disinvestment as well hence the successful initiation
implementation of its strategic organizational change (Byrne, 1996).
Another strategic plan utilized by Exxon Mobil in effecting its strategic change is the
ability of the company to merge the two companies while staying focused on its original business
7. 7
objectives of being unique and easily differentiated from competition. This included having
leadership positions in all of its core businesses and technology demanding a flawless execution
in the company’s base operations and rigorous discipline in the process of project
implementation. Through combination of the stated priorities coupled with an efficient financial
and corporate structure the company has been in a good position to produce superior business
results as well as strong returns to its shareholder thus successfully adopting its strategic change
(Quinn,1980).
Prior to the merger the company was able to take strategic decisions which facilitated
avoidance of possible pitfalls through effective and accurate forecasting which ensured
successful completion of the company’s mainstream and chemical projects, selectivity/efficiency
benefits in exploration options and lowered lease bonuses. The effectiveness of these company’s
strategic plans help the effecting of the strategic changes during the period of merger (Renato &
Grant, 1992).
Exxon Mobil also implemented its strategic planning through initial development of its
comprehensive inventory management of its long term projections and upstream development
projects long way before the merger was actualized. These initial strategic has effected the
successful initiation and implementation of the organizations strategic change in that the
development plans that had been put forward with the natural gas production, liquid and merger
predicted that the production was to grow by three percent through the year 2005. Ina addition to
that these plans had also predicted the new coverage of new geographical markets and key
growth areas as well as an increase and continuous growth beyond 2005 given the new numerous
developments projects that were in the current design and planning stage Steiner, 1979).
8. 8
Strategic plans has also en utilized by Exxon Mobil in implementing some of its strategic
organization change was through implementation of it plans to improve the company’s returns
through the self help initiatives as well as profitable growth through the focusing on the
marketing programs and customer focused strategies which were targeted at making the Exxon
Mobil the true leader in the industry (Mitchell& Mulherin, 1996).These plans therefore
facilitated the company to successfully implement its organizational strategic changes. In
addition to that there was a strategic change considering the fact that both companies involved in
the merger were distinguishable in their own right and just planned to change their organizational
strategically to become high and stronger force in the very competitive industry. Through this
they were able to achieve through the utilization of their long standing core strength which is
their technology which has differentiated them from the competition hence the complementary
strategic of the technology used by both companies has enabled them to progress through the
organizational changes through the merger successful (Mintzberg, 1994).
Anther plans that the Exxon Mobil utilized in implementing its strategic changes is the
corporate strategy which includes organizing of its business along two dimensions that is on
market share and business growth rate which is increasing as it pertains to the rapid increase in
the entire industry (Porter,1980). Therefore the successful implementation of the pans of both
companies ensured that they successfully under go the organization change as the combination of
both the high and allow market share and business got provided several categories for a
corporate portfolio hence making the companies able to add star into their business units thus
creating a visibility, attraction and hence generating profits and positive cash flows even during
the maturity of the industry and slowing of the market growth (Pare, 1994).
9. 9
The plans of merging and restructuring of the company reflected the strategic changes in
the organization as a result of shocks that include technological changes, intensification of rooms
as well as sources of competition that lead to deregulation in the major industries, globalization
of market and the changing f the financial market dynamics that characterized the business world
of the time between 1994 and 2000. Therefore such plans fostered successful changes in the
organization (Porter,1985).
The action of Exxon Mobil regarding outlook on energy for instance the public document
that is used by the company to help in forecasting of both the middle and the long term apply as
well as the demand for energy serves a for the purpose of its strategic planning. This has enabled
the company to be in good position especially to adopting of alternative sources of energy as a
counter measure to the impending shortage of fossil fuels. Tin doing this the company’s strategic
planning has helped in the effecting of its organizational change as the company has continued
to focus on the next decreased especially on issues concerning extraction and refining of oil and
gas. In addition to tat the company’s strategic plan to sustainably respond to the increasing
demands of energy and increasing availability of alternative sources of energy helps the
company to invest in areas of low decreasing demand for fossil energy hence could successfully
implement the organizational changes with ease (Porter,1996).
The company’s strategic plans like analysis of past data and accurate and reliable
forecasts ahs made the company more confident that it will be able to manage any organization
changes that any arise as the speculations of exhaustion of fossil fuels persists (Breslow, 1998).
From its planning the company can sustainably fit to the changing demands and utilization of the
products tat the company is offering thus remains profitable even in rapidly and constantly
changing world of business. The adoption of new approaches by the company is as a result of its
10. 10
effective strategic plans. The plans to counter shortage of the fossil fuels are the increased and
advanced technology and technical expertise that facilitates extraction of oil from ground places
where it was not possible in the previous years Berkovitch & Narayanan, 1993).
The Exxon Mobil Company strategically plane the recruitment of eighty new graduates in
which more than half of them have a technical background while others have education
background relating to economics. In ensuring that this plan is effectively executed the company
is able to implement its strategic change as these employees are able to fit in the company
cooperate culture with ease hence effecting any organization change is possible and hence
increasing chances of success in its implementation process (Courtland & Dovel, 2000).
At Exxon Mobil everything done is based on figures and facts hence ensuring that
everything done is sustainable and nothing done on strict terms hence the company is able to take
a conservative approach. This is achieved through keen look at the company’s analytical skills
which its long term investments depends on thus such strategic plan has foster the
implementation of the organization change through years (Andrade, & Stafford, 2001).
The company also strategic plans that ensures that the company relies on networks in its
operations hence whatever an member of staff develops whether new or ingenious as long as it
promotes a faster and efficient operations it is then circulated to all other parts of thus promoting
learning from each other. This strategy has utilized the benefits of group work hence has helped
the company effect it strategies to dealing with organizational changes. In addition to that at
Exxon Mobil the management has strategic plane that has a primary control of peoples direction
when it comes to their careers in tat there are plane that ensures that their a rigorous career
planning which is very organized and reflected in the annual job rotation and performance
reviews which guarantees that no staff member escapes. Such strategic plans make individuals to
11. 11
achieve their potentials and develop personally and hence the company has been able to use such
employee plans to foster a strategic change in the organization (Adamson & Marks,
2001).Finally the company has strategic plans for almost each an operation it undertakes this has
utilized them fully in ensuring that the organization successfully survive the turbulent and
inconstant business environment through the decades.
12. 12
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