FORTUNE 500 COMPANIES
Exxon Mobile the Number One Fortune 500 Company
A fortune five hundred company is defined as “an annual list of the 500 largest industrial corporations in the U.S., published by Fortune magazine. The corporations are ranked based on such metrics as revenues, profits, and market value.” (2011) Exxon Mobile has been declared the number one fortune five hundred company in the world in 2008. In 2007 Exxon Mobile was ranked number two but recently with its new improvements and massive revenue it has taken in throughout the year, it has reclaimed its spot as number one. Receiving the status as the number one fortune five hundred company is a great honor and will actually bring this company even more
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The difference that Exxon Mobile is making is huge in the business world. Companies all over the world will study and research Exxon Mobile because of how well they are doing each year as an organization. Another difference that this company is making in the world is that it provides gas to consumers and other products. Allowing consumers to use their business to fill their tanks of with gas is making a difference because people respect and need Exxon Mobile in many ways. Therefore according to the four business components we can see that Exxon Mobile is perfecting at least two of these components already. The third business component states that your organization should allow you to be yourself. Exxon Mobile produces quality employees and strives for them to act and be their best. This company allows employees to be themselves and constantly grow within the business. They want and hope that the employees they hire follow all of the guidelines to how they run their business but they also want the employees to bring creativity to work with them. Challenges and new ideas are very important to Exxon Mobile, employees have the opportunity be promoted by overcoming things such as these challenges and also if they can bring new ideas and perspectives to this business. The fourth component of business focuses on having a higher power to make sure you have help. An example of this would be an executive director,
The main focus of Breen's essay the focus is on the fact that colonists in Virginia were driven and motivated to come to the New World, predominantly for monetary reasons. Virginia's soil was found to be unusually well suited for growing tobacco, which is why it drove such a variety of people to migrate there. The colonists, though said to be religious, were extremely individualistic, selfish, as well as primarily drawn in by the economic opportunity in
Among the list for top 500 Fortune Companies, Macy’s Inc. is listed at number one hundred and three (one source, 2011).
* What organizational structure, management processes, and philosophy will foster superior performance from the company’s business units?
Exxon and Chevron are no doubt some of the leading incorporated oil companies on the globe. Exxon Corp. is the second largest oil firm after Royal Dutch Shell, it is respected for getting the biggest revenue return in 2008 which no company in the U.S. have ever reported before. According to Wilson (2009) Chevron has managed to show a lot of profitability in the market despite the decease in its oil production. It graded as one of firms which made a billion dollars profit within a week in the period of July to September 2008. Regardless of profitability trends set by the two oil firms in the U.S. market, they have been facing financial decline like the rest of the companies in other industries. The two firms are like two sailing ships which are taking longer time to sink. In the last few years, the production capacity of Chevron and Exxon has decreased and their listings on the stock market have become weak. The continuation of construction and drilling which requires billions of dollars in expense of oil production might make them experience a bigger financial crisis (Wilson, 2009).
Exxon Mobile is one of the most successful companies in the oil and energy industries today. But what makes them so successful? In an effort to answer this question, a thorough internal investigation can be helpful in determining what aspects of this company are making it an industry leader. Two aspects of this internal analysis of Exxon Mobile are the company’s resources and capabilities.
Brenda Franklin had been serving Allied Tech for the past 8 years. As any other organisations, Brenda used to be a part of the lunch hour conversations with her colleagues. One day when her colleagues were discussing about corruption and politics, something occurred to her. As a result she prepared a list called “Ethically Dubious Conduct” and pasted it on the common notice board. Her colleagues were taken by surprise. Brenda was now anticipating the next lunch where she was expecting her list to be analysed among her colleagues.
Are America's CEOs paid more than they deserve? Many people's answer is a vehement: Yes. That view is reinforced anew every spring, when companies file their financial statements and we learn how much CEOs were paid last year.
Selecting the correct methodology for recruiting your next chief executive officer is undoubtedly one of the most difficult decisions that a board of directors will ever have to make. Horse races, promotion contests, and the extensive use of executive search firms have proven to be the most common forms of selecting company’s top executives. The fight to hold to the title of CEO between internal and external candidates is cut-throat and in most cases, a popularity contest based on reputation alone. Selecting the proper method of recruitment helps companies to eliminate these battles and pick the top candidate based on their qualifications such as their credentials, experience,
The Bill and Melinda Gates Foundation was established in 2000 by its namesake, Bill Gates, and his wife Melinda. The couple created the foundation “to help reduce inequities in the United States and around the world.”1 It is headquartered in Seattle, Washing and is co-chaired by Bill, Melinda and William Gates Sr. Since its founding the foundation has accrued an incredible $31.9 billion and has a net worth of almost $50 billion. With such spending power, the foundation has been able to make great progress, particularly in the areas of global health. It has also made a sincere effort to improve many public school systems in the US.
Large corporations such as Wal-Mart or Home Depot often come under criticism for putting mom-and-pop shops out of business. While this may be a valid criticism, the consumers neglect to realize that they play the biggest part in shutting these businesses down. Consumers across the country are always looking for the best deals or the lowest prices, and in most cases the larger corporations are where products can be found at the lowest price. Many small business owners and the populations of small towns dislike large corporations moving into the area because they believe it negatively effects the local
Business should be market oriented that means to get a better place in the competitive market by providing better quality.
Johannes Gutenberg, a creator of the Renaissance, invented one of the greatest devices of all time, the printing press. Gutenberg was born in 1398 in Mainz, Germany to his parents, Friele and Else Gensfliesch. He also had two brothers. Not many people during Gutenberg’s time could read. But he was determined to be able to read. The only books back then were written by hand by monks and were very hard to come by. These books were also very expensive and would take a couple months to make. Because of this inconvenience, all books were preordered ahead of time so that the monks could have enough time to write them and get them to the person buying them when they needed the book. Gutenberg had a few other jobs before he became an
Corporate Social Responsibility (CSR) is a very controversial topic. A question that has been debated for the past few decades is; is it corporately viable to introduce social responsibility as a proposed addition to the work ethic of business organisations. As well as, if adopting the framework of corporate social responsibility would yield positive improvements for those organisations.
To begin with, Chapter two covers three important aspects of the business world which are competitiveness, strategy, and also productivity. These particular aspects are very important for any company to succeed in the world of business. With that being stated, any type of firm such as a manufacturer or a service provider, they must employ these three aspects because they play an important role in growing revenues. For an organization to even be considered successful, they must have a competitive advantage which leads to a strategy that will meet the company’s goals, while having the knowledge-ability to help produce the goods and services in a cost effective manner. Also, it is known that most organizations have a single state called the Mission Statement. The mission statement basically summarizes these three aspects of a company. One question that the Mission Statement should address is, “What level of business are we in?” This mission statement is categorized as the absolute basis for the organizational goals.
Most corporate financing decisions in practice reduce to a choice between debt and equity. The finance manager wishing to fund a new project, but reluctant to cut dividends or to make a rights issue, which leads to the decision of borrowing options. The issue with regards to shareholder objectives being met by the management in making financing decisions has come to become a major issue of recent times. This relates to understanding the concept of the agency problem. It deals with the separation of ownership and control of an organisation within a financial context. The financial manager can raise long-term funds internally, from the company’s cash flow, or externally, via the capital market, the market for funds