Strategic Objective February 16, 2017 Valero Energy Outline Examine the current strategic objectives of Valero Energy. Determine the current structure of Valero Energy. Discuss how expanding to a global market may affect work functions. Recommend structural alternatives that may facilitate the new global strategy. How do these options differ? What are their strengths and weaknesses? Determine the key components of a change management strategy for the restructuring. Recommend next steps for an action plan. Mission, Vision & Values Mission Statement Vision Statement Values Valero’s Mission Statement: “Commitment to Excellence is a governing principle. We set the highest standards in all aspects of our business to ensure our efforts will continue to provide quality products to meet demand, as well as leadership in community service ("Mission Statement", n.d.). Valero’s Vision Statement: “As we fulfill our vision to be a world-class competitor in the global energy business, we will do so in the safest way while continuing to nurture vibrant communities around our facilities and demonstrating improved environmental performance ("Vision Statement", 2015). Values are essential for the success of any company. As a result, by incorporating the statements mentioned, all different areas of the business are exposed to illustrate Valero’s promises to everyone, from employees, to clients and stakeholders as well. 3 current strategic objectives of Valero energy Strategic Objectives Strategic Objectives: Valero’s strategic objective is to focus on how to tackle challenges and seize opportunities to provide for long-term earnings growth. Valero Energy firmly believes it is approaching the future from a position of strength. In addition, Valero Energy’s strategic objective is to continue to grow their core business by executing organic growth projects that optimize their refining and logistics operations in the energy business ("Being The Best", 2015). 4 current structure of Valero energy Current Structure Valero Energy’s Current Structure: Safety and dependable operations are aspects in driving company profitability. As a result, Valero Energy adopted a formal management structure to standardize operations, its Commitment to Excellence Management System (CTEMS), with the goal of becoming best-in-industry in all areas. In addition, Valero Energy’s employees are the heart of its success, and there is a purpose the company is an employer of choice in the fuels manufacturing and marketing industry. Valero Energy has a number of branded wholesale sites more than 7,500 wholesale markets. Valero Energy markets products in 44 U.S. states, six eastern Canadian provinces, United Kingdom, Ireland and the Caribbean region ("Focus On Excellence", 2014). 5 Valero in the global market Global market Areas where located Challenges/ Benefits Valero energy is a global energy plant found around the world. Valero Energy was fou.