Sociocultural Aspect of Exxon Mobil
The clustering of countries based on their cultural values has the ability to bring about an understanding of the differences and similarities across cultures. This would be beneficial to any company that is trading globally and would like to replicate the success of its domestic market globally. Exxon Mobil currently has six country clusters namely North America, South America, Europe, Middle East/North Africa, Sub-Saharan Africa, and Asia Pacific (Berger, 2013). The country clusters share factors like religion, language, political boundaries, and economic systems, which makes it easy for the company to leverage its marketing and sales across the clusters. The United States is the domestic market/environment for Exxon Mobil, and it is clustered together with Canada, Mexico, and Caribbean/Guatemala in the North American cluster.
The main sociocultural factor that would affect Exxon Mobil in their global environment is language barrier. The country clusters have a combination of countries that speak different languages, which might cause problems especially with marketing materials. The cultures of some of the clusters are quite different, and they would require different approaches in order to market the same product. The Asia Pacific cluster contains countries like or political environment for the Asia Pacific cluster. Many of the countries within the Asia Pacific cluster have different political systems and for each country, the company would have to develop different wordings for the same promotional material. This would ensure that the company maintains its meaning while communicating to different audiences.
Exxon Mobil has been criticized for funding organizations that deny the notion that global warming is caused by burning fossil fuels. There have also been questions relating to the legality of Exxon Mobil's foreign business practices. These issues…
Additionally the company is increasingly concerned with meeting the energy needs of people and organizations throughout the world ("Company Profile"). To this end Exxon Mobil is committed to "exploration and production of crude oil and natural gas; the manufacture of petroleum products; and the transportation and sale of crude oil, natural gas, and petroleum products ("Company Profile")." In addition Exxon Mobile is a primary producer and marketer of both commodity
These unwavering expectations provide the foundation for our commitments to those with whom we interact: " (JLP, 2005). Financial Goals ExxonMobil does not explicitly state its financial goals. This is proprietary information that is not published. However, ExxonMobil does suggest that it intends to keep up with global demand. ExxonMobil is focused on long-term growth, rather than short-term gains. One could expect the financial goals of the company to include a
Technology at Exxon Mobil Exxon Mobil is an American multinational corporation that operates in the oil and gas industry where it has developed to become the fifth largest business organization by revenue across the globe. The growth and profitability of this company since inception can be attributed to various factors including technology used for domestic and international business environments. Similar to most of the companies in this industry, Exxon Mobil utilizes
Acquisition of Exxon Mobil Technical report Acquisition of Exxon Mobil by EIG Embry Investment Group is an investment company, which deals in investment, primarily through acquisition of other companies. However, before they acquire an organization, they will require evaluating its overall performance to ensure that their investment will attract many investors in the globe. The suggested company to acquire is Exxon Mobil, a renowned public traded organization, which suits the investor's preference. The
" As far as economic conditions are concerned, as part of the company's strategy it is committed to aiding people with the social and economic problems that they face (Environment and Society). This is known as the community investment strategy. This strategy encompasses human rights, education, and enterprise development (Environment and Society). BP's management is also concerned with decreasing dependence on oil and has created various initiatives to create new sources
Market Analysis The third principle, that markets that don't exist can't be analyzed, reminds managers that assessing the effects of disruptive technologies is often counter-intuitive to good management practice. Many companies require the development of a business case and a business plan for new products. This approach is generally very successful when applied to sustaining technological innovations, because the market is well-known; however, when companies apply this strategy to new, emerging
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now