FIN 370 Week 3 Strategic Inititative Paper Final Draft

1163 Words Feb 9th, 2015 5 Pages
Strategic Initiative Paper
Connie Addison, Christine Crocker Kimberly Guy, Felicia Lombard, and Shavelle Woods
FIN 370
January 26, 2015
Shamelda Pete
Strategic Initiative Paper
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
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Measures such as trading energy and the expansion of liquid and natural gas are also being put in place as ExxonMobil continues to grow. This company is continually brining innovative ideas to the table to ensure the financial growth of the company.
Effects of the Supply Chain
Supply chain management is defined as an activity of controlling the operations, planning of operations, and implementing the operations of the supply chain to ensure customer satisfaction requirements. ExxonMobil relies on approximately 160,000 suppliers of services and goods to uphold its commitment to operational integrity. In the countries where the organization operates has given a significant positive impact on that countries living standards and economies. Global supply chains are used with the procurement of materials, services, and third-party goods. Good practices are applied in a standardized procurement approach that allows it to share in the same accountability, and rigorous standards worldwide (ExxonMobil, 2003-2015).
According to ExxonMobil (2003-2015), "this organization is a part of a commodity business. Its operating and financial condition depends on many risk factors what are not within its control” (para. 4). There are many risk involved in being part of company where margins and prices vary depending on supply and demand. Increases in the industry petrochemical manufacturing and refining capacity tend to increase margins on the products affected.

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