Case Study Of Petron Corporation Malaysia

Petroliam Nasional Berhad short form as PETRONAS is a type of oil and gas’s company in Malaysia that was set up on 17 August 1974. According to the Fortune, PETRONAS is one of the corporations in Global 500's largest corporations in the world and ranked as the 69th largest company in the world in 2014.

Among the things that this book have taught me is the necessity to encourage workers. If management is treated as an art, it should be an accurate art of respect and recognition. This way, the employees will be effectively organized. The qualities of sense,

His 14 universal principles of management, listed in Table 1.1, were intended to show managers how to carry out their functional duties. Fayol’s functions and principles have withstood the test of time because of their widespread applicability. In spite of years of reformulation, rewording, expansion, and revision, Fayol’s original management functions still can be found in nearly all management texts. In fact, after an extensive review of studies of managerial work, a pair of management scholars

Administrative management is a style of management that focuses on principles to be used by managers to co-ordinate the internal activities of the total organization. This theory was developed by Henri Fayol (1841-1925) to be taught to individuals with administrative responsibilities, which lead to the five major functions of managerial activities, planning, organizing, commanding,

In 1888, a French man named Henri Fayol was a director of a mining company that was going out of business when he changed the company and made it profitable once again (Carpenter, Bauer, Erdogan, 2010, p. 68). Fayol realized that what he had discovered helped him to save his company, so he decided, after retiring, to share his knowledge and tools with other companies if they wanted to also be successful (Carpenter, Bauer, Erdogan, 2010, p. 68). He believed that people did not have the guidelines for proper management, since he had the knowledge he put together what is now known as Fayol’s fourteen principles of management (Yoo, Lemak, Choi, 2006, p. 353). Fayol saw a problem that he could potentially fix, and with that the foundation of proper management skills was

Management is a very complex field. Not only must managers pay attention to what is best for the organization, but they also have to do what is best for their customers. At the same time, the manager must satisfy the need of their employees. Henri Fayol developed fourteen principles of management in 1916 that organisations are recommended to apply to order to run properly. This paper will show how some of Fayols

Management theories are utilized in various organizations in an effort to increase organizational effectiveness and service delivery. The management theory that an organization decides to adhere to will vary based on the type of organization, as well as, the services and/or products that it offers. Therefore, it is not uncommon for an organization to use multiple theories when implementing strategies in the workplace.

A great manager must know and implicate the four major principles of management. The principles of

Petroliam Nasional Berhad (PETRONAS) established on 17th August 1974, is Malaysia’s fully integrated oil & gas multinational ranked among the largest corporations on FORTUNE Global 500. As of the end of March 2005, the Petronas Group comprised 103 wholly owned subsidiaries, 19 partly owned outfits and 57 associated companies.

Petron Malaysia is part of the rising and rapidly evolving Asian oil company in the Philippines, Petron Corporation. Malaysia’s dynamic and effective market with the achievement of ExxonMobil’s businesses in March 2012 had attracted Petron Corporation to join them. Petron subsidiaries in Malaysia consist of Petron Malaysia Refining & Marketing Bhd (“PMRMB”), Petron Fuel International Sdn. Bhd., a public company listed on the Main Board of Bursa Malaysia Securities Berhad, and Petron Oil (M) Sdn. Bhd.

Petroliam Nasional Berhad (PETRONAS) was established in 1974 and is Malaysia’s leading international petroleum corporation .It is owned by Malaysian government and it sources, produces and delivers products to meet Malaysia’s growing energy needs while playing the role of a frontrunner for its national reserves.

Managing resources efficiently and effectively is the most fundamental goal for organisation which aims to maximise individual and social prosperity. Therefore, the management theory is constantly developing. In 20th century, there were several management theories proposed such as scientific management, administrative management, behavioural management, etc. as increasingly aware of human are crucial element of the organisation and vital in influencing overall organisational performance, Douglas McGregor who studied about how workers’ behaviour effect the manager’s leadership, proposed Theory X and Y (Waddell et al. 2007). It is no doubt this conventional concept still correct in 21st century, however, business environment is significant

According tot the Administrative Management Theory, management is the process of getting certain tasks completed through the use of people. In this theory developed by Henri Fayol, he believes that it was very important to have the use of a multiplied of people instead of just relying on one person alone. Henri Fayol is known today as the “Father of Modern Management”, his theory has shaped what is know today as the Administrative Model, which relies on Fayols fourteen principles of management. These principles have been a significant influence on modern management; they have helped early 20th century manager learn how to organize and interact with their employees in a productive way. Fayols principles of management were the ground work in which his theory was formed. He believed highly in the division of work throughout a project and within the project he believed that the task at hand had to be done with a certain level of discipline in order for the division of work to be able to run smoothly without error.


1. Company Background 
 Saudi Aramco is well known for being the biggest organization that produces wide variety of petroleum and chemicals for the world (Helman, 2012), and it has the greatest contribution towards the economy of Saudi Arabia. Within a century, they have setted up offices in many different country and become a world leading company in hydrocarbon exploration, production, refining, distribution, shipping and marketing. They were nonetheless at the top of the list among all companies that produces crude oil and exports of natural gas liquids.
 
2. Country Background 

 The kingdom of saudi arabia is the largest country in the arabian peninsula, independence as of 23rd September 1932 and was also the origin of

The company is principal domestic marketing arm of Petroliam Nasional Berhad (PETRONAS), the national oil company. The company markets a wide range of high quality petroleum products including motor gasoline, aviation fuel, kerosene, diesel, fuel oil, bunker fuel, lubricants, liquefied petroleum gas (LPG) and asphalt in Malaysia.