The world has been reeling from the financial crisis with reverberations being felt throughout the real economy on production, consumption, jobs and well-being.
Bowman observed that the strategy is important since it allows the organization to expand its market, venture into new businesses, reduce costs and realize the advantages of scope and scale based on the overall impact of increasing the market penetration.
Nevertheless, the concept of creating a superior competitiveness internationally is many-sided and thus takes aboard various organizational strategies. The drive for increased profitability has culminated to an increase in motivation amongst organizations to be globally competitive.
Other factors gravitate around the increasing demand by companies to operate globally, as well as, fast changes in the marketplace. Hence, one of the ways through which Exxon Mobil Corporation has developed its global competitiveness is through the development of a top notch production system in all its markets along with the putting in place of a strong financial resource base Yeomans, Based on the views of external observers, the company embraces the concept of the best practices for its entire production system Yergin, Collectively, these practices have allowed the company to build a reputation of having well-qualified automobile products as well as services under conditions of flexibility and efficiency.
Guiding strategies, internalized by this multinational corporation, are especially important since they provide a platform for the company to create a favorable business environment across its expansive yet diverse international market.
One of these strategies is captured in terms of being able to use a long-term philosophy to base its management decisions.
Creation of a continuous flow process as a tool for bringing problems unto the surface is the second strategy. The organizational culture shows that it has a level workload strategy.
Equally important, a production guiding strategy, based on standardizing tasks, which in turn allows for employee empowerment and continuous improvement, is discernible. Strengths must be considered in a way that other firms cannot match. In the oil and gas industry, organisations do not apply customer reviews to make production decisions as the competition is limited.
The company could also explore the diversification of its energy resources. To achieve the goal, investing in research is the most viable option. This should be supported by the adoption of the inside-out strategy which could allow Exxon Mobil to assess its strengths before embarking on such a venture.
Selection of Competitive Advantage Exxon Mobil employs a model that enhances its chances of attaining excellence Tolf, In this regards, the generation of superior cash flows in addition to the creation of long lasting shareholder value. This allows the organization to hold a strong competitive edge in the market.
The first aspect that gives the company a competitive edge is conducting operations in a safe environment. Exxon Mobil employees observe excellence in reference to health and safety.
Safety remains a core value of the company that guides its decisions. The company is committed to safety as well as environmental protection. In addition, the company promotes local initiatives to protect the business environment. The company also upholds high standards. Aware of the need to achieve results, the company pays attention to how to attain such results.
As demonstrated, Exxon Mobil relies on integrity in its business operations.
The company has established the management systems to guarantee such pursuits. In addition, Exxon Mobil adheres to state laws and regulations.
By doing so, the company enhances its reputation which translates into a commanding competitive edge. Its balanced portfolio reflects its size, quality and diversity in resources products, projects and assets. Such portfolio facilitates the enjoyment of economies of scale.
The same also offers the company the opportunity to take advantage of emerging opportunities or support future growth. It should be noted that the company leads in the oil and gas industry in terms of both the development and application of new technologies.A financial analysis of Exxon Mobil Corporation is presented in the report which includes a ratio analysis, basic profit and loss analysis, presentation of the company balance sheet, and much more.
A SWOT Framework Analysis of Exxon Mobil Corporation and an analysis of three of its competitors completes this in-depth company initiativeblog.com: € Exxon Mobil Merger Analysis exploring for and producing oil and natural gas in 26 countries to refining and marketing operations in 76 countries.
Exxon operates the world’s third largest petrochemical company and is the world’s largest Standard & Poor’s Stock Report for Exxon Corporation, dated December 19, and Exxon Annual. Industry Overview Exxon Mobil is multinational Oil and Gas Corporation that emerged as the resulting company of the merger between Exxon and Mobil.
The company is one of a handful of firms, Big Oil, that run operations encompassing the whole petroleum industry value chain.5/5(1).
A scholarship is a financial award provided to students who are entering or currently enrolled in a community college, university, or a graduate degree program. The brandguide table above concludes the Exxon Mobil SWOT analysis along with its marketing and brand parameters.
Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Download-Theses Mercredi 10 juin