1. Executive Summary
This report covers an internal environment analysis on the leading Exploration & Production company in India – ONGC. It helps understand how the forces that drive the internal environment contribute to improve brand equity and value to shareholders. Being the highest dividend paying company in the country, ONGC is a sought after stock by investors. In spite of the ever changing global scenario in terms of oil prices, alternative fuel sources and political tussles, the company has managed to be the most profitable ever in its history of more than 50 years. This has been driven by leadership in technology and human resources and diversifying its investments by growing its presence globally.
The vision, mission, value system, management, human resource, performance and brand equity have all contributed for ONGC in delivering great value to shareholders.
2. Vision:
The company aims to be a global leader in the integrated energy sector. It has identified sustainable growth, knowledge leadership and excellent governance practices as the three tools which will help it achieve this.
The vision of the company is audacious as the company looks at being a global energy leader in spite of ranking 21st currently amongst all energy companies in the world (Platts). The focus areas of sustainable growth, knowledge excellence and governance practices will help the company be in good stead in times of rapid changes which can happen not just in crude oil prices but also
During 1919 one of the most reliable energy companies was assembled and they are known as Suncor. The location where they were created was Montreal, Quebec. Now their headquarters have been shifted to Calgary where all the decisions are made. They specialize in producing synthetic crude which is abundant in the Alberta Oil Sands. The masterminds behind this company are John Fergusion who is the chairman of the board and Steve Williams the CEO. Like every successful business Suncor has a mission which is to create energy for a better world. Their vision is to be trusted with valuable natural resources so they can produce a better social well-being to raise the economic standards, they also want to create a healthy environment for the present
ExxonMobil is identified as one of the world’s leading oil and gas businesses. It manages market commodities and means countrywide. ExxonMobil is entail in “marketing, gas, and oil exploration, transportation and production in roughly 200 nations” (ExxonMobil, 2015). This company furnishes assistance and products under label names such as “Mobil, Esso, and Exxon. ExxonMobil is known as one of the biggest oil industrial installation where a substance is refined in the nation” (ExxonMobil, 2015). This essay discusses ExxonMobil’s strategic initiative from
There is high rate of increase in the world’s demand for energy to run its various development projects. However, the most popular source of the needed energy is oil and petroleum products. To respond to this dire need for energy, Trans Mountain company
As the global population increases and developing nations seek to emulate the consumer consumption of their Western counterparts, demand for fossil fuels and alternative energy sources continues to increase apace (Tracey et al, 2011). OPEC
Internal environment Combined with the knowledge of its external environment, a firm analysing its internal environment, in particular its resources, capabilities and core competencies, is able to create its vision, mission and implement its strategies for obtaining a sustainable competitive advantage (Hanson et al., 2008). It is argued by Berman, Down & Hill (2002) that only the sound combination of firm’s unique tangible and intangible resources provides a basis for competitive
Describe the company and the major initiative(s) they have planned for the next 5 years.
Since our establishment in 1974, we have not stopped pursuing new solutions and pushing boundaries across the entire oil and gas value chain. We continue to strengthen our portfolio through technological advancements, operational excellence and by being a responsible corporate citizen wherever we set
The main purpose of this paper is through the company 's external and internal environment analysis to evaluate the company in the industry and future developments. Assess the external environment mainly through PESTLE Analysis and Porter 's 5 Forces. Strategic Recourses & Capability Analysis for internal environmental assessment is conducted. Finally, the company somehow SWOT analysis, concluded ••••
A Brief Overview of the Vision and Values of the Company: Collins and Porras’ Vision of the Main Components of Core Ideology and Envisioned Future
Strategic Analysis: Based upon their finite nature, the time is coming where the world will be unable to depend upon fossil fuels for energy. The economic lessons we were taught when prices skyrocketed in the last decade combined with the mounting calamity over climate impact and global warming has pushed this issue to the forefront.. This imperative has driven innovations across the globe, motivating providers of energy to find renewable and sustainable alternatives to fossil fuels. Global energy leaders – including Siemens – have been hard at work to establish and implement core competencies to stay abreast of the fast-moving, dynamic nature of continual innovations from smaller constituents and competitors within the industry.
The internal environment analysis focuses on current marketing strategy and performance, present and anticipated organizational resources, current and projected cultural and structural issues, and the customer environment. On the other hand, the external environment addressed competition, economic growth and stability, political trends, Legal and Regulatory Issues, technological advancements, sociocultural trends, and the SWOT analysis.
It is one of the most leading energy experts in many fields. They have with more than 120,000 employees working for them and they are spread over 100 countries and have a sale of 19.6 billion euros in (2010) in over 200 countries. The company was among the 330 biggest companies in the world on 2011 Fortune Global 500 annual rankings of the world’s largest corporations. They have transformed from the
With today technological advancements, it is imperative that company in the Energy Management and Technology space, always strive to remain completive and market leaders. Schneider key objective is creating sustainable value for customers and
For example, identified threats in the business environment, such as new government regulations regarding a product design or the introduction of competing products, might alert the business owner that a proposed investment in a new manufacturing production line should be more carefully evaluated. In addition, an awareness of a company weakness such as a lack of qualified employees might suggest a need to consider outsourcing particular functions. In turn, opportunities such as the availability of low-interest loans for start-ups might encourage the entrepreneur to pursue the development of a new product to meet a rising customer demand. In contrast, identified strengths, such as extensive experience in an industry experiencing rapid international growth, might suggest the need to partner with foreign
The Petroliam Nasional Berhad (PETRONAS) was formed in 17 August 1974. It is an oil and gas company in the Malaysia. PETRONAS is position on scale among the FORTUNE Global 500 largest corporation in the environment. It has been ranked by Fortune as a 75th largest company in the environment in 2013.It is among the most profitable in Asia and be a 12th most profitable company in the earth. (Petroliam Nasional Berhad, 2014) Its ownership is Malaysian Government. As the conservator for Malaysia’s national oil and gas resources, PETRONAS explore, manufacture and deliver energy in order to fulfill society’s growing desires. PETRONAS’s growing demand has been evokes and strengthens our purpose to steady drive for brand new solutions