Managing for the future Essay Example | Topics and Well Written Essays - 6250 words

Managing for the future - Essay ExampleA detailed analysis of the management efforts put by the organisational leaders in the past decade would be presented later on. Additionally, the confederations management competence in the three chosen spheres would be examined by contrasting their past performances against their present proficiency in these aspects and by developing the scenario of the future in which the company would operate. This paper in no way presents a business report of ExxonMobil or its market analysis. It aims at successfully achieving the objective of this study, i.e., to make a historical analysis of the company, to study the managements competence and to make a forecast of the companys stand in the near future. The study is initiated with the key concepts in relation to the company background. Then the afoot(predicate) achievements of the company will be discussed in light of these concepts and the critical view of the activities of the company would be present ed in accord with the theoretical models and existing public doctrine that affects the operations of the company. ExxonMobil Company Profile Exxon Mobil Corporation, known as ExxonMobil, is a multinational corporation based in America (Exxonmobil, 2013a). It is the largest international publicly traded oil and botch up company in the world with its headquarters located in Irving at Texas in the United States (Fleminggulf, 2013). The company came into being in its present form afterwards the two companies Exxon and Mobil merged on November 30 in the year 1999. After the merger of Exxon and Mobil, the company has become a powerful organisation globally. The industry is bonny increasingly more competitive with the passing of each day and ExxonMobil is now considered an efficient global competitor. The performance of the company affects the world economy to a corking extent. In 2012 ExxonMobil and Rosneft (a Moscow based oil and gas company) forged a joint venture for materializing a sweeping plan of exploring the massive shale formation in the Arctic and Siberian region. Exxon has announced that once this objective becomes successful the joint venture between the two companies would yield up to US $500 one thousand thousand in different investments to be made by the companies in the future years. Presently, the company along with the state owned Turkiye Petrolleri AO (TPAO) (Fleminggulf, 2013) of Turkey is negotiating with the Turkey government to explore the estimated 15 trillion cubic feet of recoverable shale gas (Fleminggulf, 2013) reserves located in Turkey. Currently, the company supplies energy to the different countries. It helps these countries particularly the growing economies in forward themselves and improving the living standards in their countries (Exxonmobil, 2013b). The company goals are aligned with their social responsibilities and it utilizes its business strengths to establish an example of corporate citizenship that might be emulated by other companies. Defining the concepts In this section the different concepts related to the three chosen areas for this study would be defined and explained. Every business operation is run with a profit motive. Popular belief holds that success is measured in business through measurement of the companys financial returns, amount of dividend pay-outs and also the companys liquidity standings. These are the financial measures of busines performance that concentrates mainly on the