Industry Analysis & Company Profiles Essay Example | Topics and Well Written Essays - 750 words

Industry Analysis & Company Profiles - Essay Example Some of these top companies that explore and refine oil include; Gazprom, Saudi Aramco and the Royal Dutch Shell companies. This paper will look at the three oil companies and give a detailed discussion of the historical background and their development over the years. Gazprom Neft is an oil company that has its headquarters in Russia has achieved to be among the fastest growing company in  oil production across the industry. Gazprom Neft has attained a 10.6% annual growth against  a  production volume of  10, 85 million tones (Usa, 2010). The Priobskoye Oil field that is owned by  Gazprom Neft- is  one of  the largest oil fields that the company owns and is also one of the most promising oil field. Full development of  this field began in  2004, and since then, the field has contributed to 33% of  the Company’s total oil output by 2011. The Company has plans to  design and develop new oil fields both in  both Russia and other countries outside Russia. There are fields found in  the north of  the Yamal Peninsula that have huge potential and are be  able to  produce more 20  million tones once they developed (Usa, 2010). Another oil company is the Saudi Aramco Oil Company. The Saudi Aramco company has always focused on initiatives that are seen to bear the potential to create and invest the oil sector in Saudi Arabia as well as create more jobs for the nationals of Saudi Arabia. Apart from being a leader in creating an enterprise culture in the Kingdom, the company wants to diversify the national oil economy and attract more overseas investors into the kingdom. In order for the company to achieve these objectives, there is a close collaboration with the different business lines that exist across the company that serves to leverage Saudi Aramco’s assets as well as its liabilities. The Localization & Clusters Department has the responsibility of seeing Saudi Aramco’s process of procurement of its goods and

MGMT Term Paper Example | Topics and Well Written Essays - 1250 words

MGMT - Term Paper Example It is their management which is primarily responsible for the formulation of strategies, assigning goals, implementation of strategies, tracking the success of these by matching them to their predetermined goals. This is done in my forms however their strategic thrusts rely heavily on feedback which they receive. The most effective feedback is by the numbers which are generated by each store. These are then forwarded to the headquarters by the use of the vast digital network. In 2007 Wal-Mart was labeled one of the most competitive and innovative companies in the world (Plambeck, 2007). Their ability to be innovative is critical for them being able to achieve sustainability through measures that positively impact and reduce strain on the environment. This they do by three ambitious goals: incorporating as much of renewable energy as they can as part of their operations, minimizing the creation of waste and continuously striving to sell products which lead to sustaining their resources as well as the environment. As far as innovation is concerned an analysis of the activities and measures taken by Wal-Mart focus on incorporating a culture which aids the organization through making efficient use of a learning culture. This can be seen in the extensive measures taken by Wal-Mart to facilitate learning of the employees and introducing frequent training sessions. From the instance an employee starts working at Wal-Mart they undergo a extensive customer service training, they also undertake on the job training and ongoing formal training as far as responsibilities of the work are concerned. Analysis suggests that initially it was customer service and the ten foot rule applied to the workforce which served as driving forces for Wal-Mart’s innovative culture. Suggestions, feedback and communication with the employees were valued and some of their suggestions were even adopted