power point final
Running head: CHEVRON CORPORATION 1
CHEVRON CORPORATION 2
Chevron Corporation
Lucy Rowell
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 Chevron are perfectly applied it entails key economic issue that the company needs to consider such as the demand and supply. It also describes the industrial structure that needs to be appropriately observed. Relevant factors such as the conduct of the industry is mentioned. A look at the general performance of the company in the industry is also evaluated (By, 2016). The assessment of the industry through the use of the model enable the company to earn above average despite of the high level of competition from other multinational companies. Additionally, the company is likely to gain from the economies of scale that comes with operating within the market. The model is perfectly aligned to the goal of the company to the market.
Resource-based Model
As a multinational corporation the company is keen at has a resource-based model that is clearly focused on the goals and objectives. The model explains the resource-based view that explains how it relies on both tangible and intangible that should be both immobile and heterogenous. This is a key contributing factor that makes the company one of the major players within the industry that it operates within. The company mostly gets its raw materials through importation and the utilization of the local oil wells (Kung, Pui & Chung, 2017). The activity has fully been effective in giving the company a competitive advantage. The workforce of the company is both skilled and unskilled that employs various engineers and miners that offer the best services. The activity leads to the creation of a competitive advantage within the industry. Aligning the company with the goals is a clear matter of concern that resource based model.
Vision and Mission Statement Assessment
The vision of Chevron Corporation is to the Global Energy Company most admired for its people and performance. The mission of the company is our company’s foundation is built on values which distinguish us and guide our actions. We conduct our business in a socially responsible and ethical manner. the vision and mission of the company are deeply aligned with its success. It sets up the targets that the company requires to be fully functional within the market. Ideally, it instills an organization culture among employees that is deeply embedded in the company values that reflects the overall needs of the company in a positive way (Hitt, Ireland & Hoskisson, 2013). Its mission and vision drive the important departments of the company to focus on the organizational success which positively elevates the position of the company.
Stakeholder Impact
Shareholders play an important role in the expansion of the company within the industry. They provide the relevant investment that enables the company to pursue its goal and expand within the industry. The employee are the important stakeholders that are responsible in driving the goals of the company towards success (By, 2016). It is an important elemental factor that contributes to the expansion of the company processes and daily activities. The supplies play a key role in ensuring that the supply of raw material within Chevron Corporation is steady. It is a positive practice that leads to the expansion of the company within its industry. The customers are important stakeholders that Chevron focuses on to ensure that it retains its industrial position. Therefore, each stakeholder plays an important role in the survival and expansion of the company.
Conclusion
In summary, the paper explains the impacts of technology and globalization together with the organizational model and resource-based model. 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. The vision of Chevron Corporation is to the Global Energy Company most admired for its people and performance. The mission of the company is our company’s foundation is built on values which distinguish us and guide our actions. As a multinational corporation the company is keen at has a resource-based model that is clearly focused on the goals and objectives. The model explains the resource-based view that explains how it relies on both tangible and intangible that should be both immobile and heterogenous.
References
By, S. L. (2016). Chevron, sasol set natural-gas accord --- joint venture will exploit method of converting natural gas to liquid. Wall Street Journal
Hitt, M, A., Ireland, R, D., & Hoskisson, R. E. (2013). Strategic management: Concepts and cases: Competitiveness and Globalization (10th ed.): Mason, OH: South-Western Ccengage Learning.
Kung, W. L., Pui, Y. L., & Chung, Y. Y. (2017). A collective organizational learning model for organizational development. Leadership & Organization Development Journal, 40(1), 107-123.
Tarca, N., Vatuiu, T., & Popa, A. (2016). The importance of the web technologies during the communication process between a company and its clients. St. Louis: Federal Reserve Bank of St Louis.