Thursday, August 29, 2019
AU-C 315 project Assignment Example | Topics and Well Written Essays - 250 words
AU-C 315 project - Assignment Example Indeed, ExxonMobil Company focuses on refining and supply of fuels, lubricants, and other petroleum products through integrated, reliable, and efficient means. To achieve these objectives, the company adopts fundamental strategies that include developing its labor force at all levels across the globe. The company maximizes its profitability, identifies, and pursues all attractive perforations opportunities as well as investing in projects with superior returns and low cost. Indeed, the companyââ¬â¢s strategy is to invest in new exploration, unconventional resource, expansions, and discoveries. ExxonMobil also seeks to offer high quality products and service to customers in an efficient and effective manner. The company guarantees maximum value to all its stakeholders including customers, employees, and shareholders. Nevertheless, in pursuing its business objectives through the defined strategies, ExxonMobil faces significant risks. The company requires executives who can execute its mandate in the uncertain and volatile oil industry (Thunderbird School of Global Management, 2015). The rise of resource nationalism, reduced oil prices, and increased instability in many oil-rich countries pose a great business risk to the company (Crooks, 2015). The company also faces a risk in i dentifying business opportunities with high uncertainty but high returns on investment. Exxon Mobil Corporation. (2015). Operations Integrity Management System. Retrieved from
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