UNIT 1: BUSINESS ENVIRONMENT
ASSIGNMENT 1: COMPARING TWO DIFFERENT ORGANISATIONS
Task 1 – Purpose (P1)
Organization 1
Profit-making organization: Exxon Mobil
ExxonMobil is the world's largest publicly traded international oil and gas company. The organization uses technology and innovation to help meet the world’s growing energy needs. It operates globally and within the private sector of the economy and is often referred to as a ‘Private Empire’. Exxon Mobil holds an industry-leading inventory of resources, integrated refinery and produces chemical and petroleum products in regard to their profit-making. They also operate in all the sectors of business production.
Organization 2
Non-profit making organization: Mozilla Firefox
Mozilla Firefox …show more content…
Rockefeller’s Standard Oil Company and was formed on November 1999 by the merger of Exxon and Mobil. The company’s long-term debt to total assets are accounted for and the owner’s deal with this through insurance and organizational re-strategizing.
Exxon Mobil has numerous shareholders however all of the leading individual Exxon Mobil shareholders are current or former top executives at the company. They include:
1. Rex Tillerson: who first came to work at Exxon in 1975 as a production engineer.
2. Stephen Pryor: who is the President of the Exxon Mobil Chemical Company.
3. Michael Dolan: who has had a long history with the company and held a number of positions.
However Institutional investors and mutual funds hold far more shares than any individual Exxon Mobil stockholder. The largest institutional investor holding Exxon Mobil shares is The Vanguard Group Inc., which held 261.953 million shares as of December 2015.
Exxon Mobil may decide to start production of new oils and chemicals or to begin drilling in a different location, stakeholder influence on such a decision would be that the managers would need to implement company policy services to suit this and the suppliers to change credit
ASSIGNMENT 1: COMPARING TWO DIFFERENT ORGANISATIONS
Task 1 – Purpose (P1)
Organization 1
Profit-making organization: Exxon Mobil
ExxonMobil is the world's largest publicly traded international oil and gas company. The organization uses technology and innovation to help meet the world’s growing energy needs. It operates globally and within the private sector of the economy and is often referred to as a ‘Private Empire’. Exxon Mobil holds an industry-leading inventory of resources, integrated refinery and produces chemical and petroleum products in regard to their profit-making. They also operate in all the sectors of business production.
Organization 2
Non-profit making organization: Mozilla Firefox
Mozilla Firefox …show more content…
Rockefeller’s Standard Oil Company and was formed on November 1999 by the merger of Exxon and Mobil. The company’s long-term debt to total assets are accounted for and the owner’s deal with this through insurance and organizational re-strategizing.
Exxon Mobil has numerous shareholders however all of the leading individual Exxon Mobil shareholders are current or former top executives at the company. They include:
1. Rex Tillerson: who first came to work at Exxon in 1975 as a production engineer.
2. Stephen Pryor: who is the President of the Exxon Mobil Chemical Company.
3. Michael Dolan: who has had a long history with the company and held a number of positions.
However Institutional investors and mutual funds hold far more shares than any individual Exxon Mobil stockholder. The largest institutional investor holding Exxon Mobil shares is The Vanguard Group Inc., which held 261.953 million shares as of December 2015.
Exxon Mobil may decide to start production of new oils and chemicals or to begin drilling in a different location, stakeholder influence on such a decision would be that the managers would need to implement company policy services to suit this and the suppliers to change credit