" In addition Exxon Mobile is a primary producer and marketer of both commodity and specialty petrochemicals. The company is also involved in the ownership and management of electric power generation facilities. The company is also involved in several areas of research that allow the company to support operations, experience constant improvement ("Company Profile"). The company has four distinct business spheres through which it operates. The sphere are referred to as upstream, downstream, chemical and technology.
The Upstream business sect refers to Exxon Mobil's asset base ("Company Profile"). This base is significant, involves several geographic locations and is economically healthy within the context of different business environments. In addition the upstream business sector is responsible for the production and exploration property that exist in 36 nations ("Company Profile"). During 2007 seven large upstream projects began. Additionally the company is committed to the sell of natural gas in the majority of developing nation. This natural gas is utilized by industry, power companies and distributors ("Company Profile").
The Downstream sector of Exxon Mobil Concerns its self with handling the company's network of manufacturing plants, distribution access points and transportation systems ("Company Profile"). This network is essential to Exxon because it affords customers throughout the globe access to lubricants, clean fuels and other valuable products ("Company Profile"). This sector of ExxonMobil governs the interests of nearly 40 refineries throughout the world. It also markets the company's products to over 30,000 gas stations ("Company Profile"). Additionally about 1 million customers are served through various business segments including Aviation, Marine and Industrial and Wholesale ("Company Profile").
Exxon Mobil's third business sector is Chemical. The company is the leading enterprise in the petrochemical industry ("Company Profile"). The company has interest in 49 solely owned and joint-venture facilities ("Company Profile"). In addition the company has
"strong positions in many of the largest-volume and highest-growth petrochemicals in the global economy. The company is one of the largest producers of olefins, the basic petrochemical building block. We are also one of the largest producers of polyolefins, which include polyethylene, the largest-volume plastic, and polypropylene, one of the fastest-growing polymers. More than 90% of chemical capacity is employed in businesses where we rank first or second in worldwide market position ("Company Profile")."
The final business sector is technology. This sector is needed because there are many oil and gas resources that are only found in remote places around the world. This remoteness necessitates the need for technologies that assist the company in gathering these resources in the most precise way imaginable. To meet the technological needs of the company there has been an investment of nearly $4 billion towards development of technological systems. The development of new technologies are important because they allow for fast deployment of value capture. The success of ExxonMobil can be attributed to the manner in which it has dedicated resources to the creation and implementation of new technological systems into its business model.
Analysis and methodology
The analysis of the Strategic Plan is based on information about ExxonMobil available through the official website of the company. This data includes information about the organizational structure of the company. The (Situation, Target, Path) STP method will be utilized in the development of this strategic plan. During the situation phase of the process the current information about the company will be gathered and analyzed ("What is the STP"). During the target phase goals and objectives for the future are defined ("What is the STP"). Finally during the path stage, a map is presented as pertains to the attainment of future organizational goals ("What is the STP").
Vision and mission statement of the company
Vision Statement: Over the next decade ExxonMobil Endeavors to remain the industry leader by developing alternative sources of energy that are affordable and of the best quality. The company also desires to reorganize its business strategy to Mission Statement: To provide the Global Community with the energy needed to power their daily lives.
Quality and management initiatives
Over the next 5 years ExxonMobil must make a concerted effort to improve the quality of its products. Namely the company must be proactive in formulating ways to create fuel products that are more efficient as it pertains to protecting the environment and decreasing the amount of pollution caused by fuel products.
Along with quality initiatives, management initiatives must also be taken. Although Exxon Mobil is a well managed company, there must be a greater emphasis placed on preparing the company for the future. ExxonMobil cannot continue to rely upon past strategies of the 20th century in the 21st century because the context of business has changed drastically....
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