Study Document
Functions of Management at Shell Oil How Essay
Pages:2 (551 words)
Sources:2
Subject:Health
Topic:Essential Oils
Document Type:Essay
Document:#94773086
Functions of Management at Shell Oil
How External Factors Affect the Four Functions of Management at Shell Oil
There are many external factors influencing or affecting the four functions of management at Shell Oil. The intent of this analysis is to evaluate each of the four functions of management, explaining what external factors most influence their operations and performance. As Shell Oil is a process goods producer that transforms raw materials into finished goods, the factors most affecting the four functions of management are supply chain focused.
Planning
Shell Oil relies heavily on the Supply Chain Operations Reference (SCOR) model as a means to mitigate sourcing oil, gas and raw materials needed for creating their finished goods (Razmi, Jolai, Hezarkhani, 2008). Strategic planning at Shell is highly dependent on how well integrated the company is with suppliers in the areas of exploration, mining or extraction, processing and refining oil- and gas-related products. Process innovation in the oil and gas industry is a major source of differentiation, and as a result, Shell makes this area a priority in their strategic planning efforts (Miles, 2007). .
Organizing
As the oil and gas industry has continually gone through turbulent economic re-structuring and entire nations look to either enter or exit OPEC based on political unrest. The need for creating a very high level of collaboration across the supply chain of Shell and allowing for contingency planning is critical for managing the company to profitability. These external factors of rapid shifts in oil prices, the continual political unrest in the Middle East, and the threat of price wars with OPEC all force Shell into a position of having to…
Sample Source(s) Used
References
Aguirre, Calderone, Jones (2004) -10 Principles of Change Management. Resilience Report, Booz, Allen Hamilton. New York, NY.
Raymond E. Miles (2007). Innovation and Leadership Values. California Management Review, 50(1), 192-201.
Jafar Razmi, Fariborz Jolai, Behzad Hezarkhani. (2008). Designing collaborative roles and responsibilities in supply chain. International Journal of Management Practice, 3(1), 96.
Related Documents
Study Document
Oil to What Extent Would
If Nigerian local content law is not complied with Requires licensee to submit a detailed programme for recruitment and training of Nigerians (Nigerian Local Content Policy) 2.3. History of the LCL The Local Content Law was signed into law in April 2010 by acting President Goodluck Jonathan. In brief, the Nigerian Oil and Gas Industry Local Content Development Bill 2010 places "…obligations on upstream oil companies in the areas of finance, community
Study Document
Oil and Gas Industry in
A large body of literature has treated many different aspects of these influences on Asia, Europe and the United States (Busser & Sadoi, 2003). The importance of the study relates to the current trends taking place in Libya where aggressive steps have been taken in recent years to normalize relations with the international community. For example, Libya opened up its programs to develop weapons of mass destruction to international
Study Document
Oil Firm Industry Analysis
price of oil has fallen from around $120 per barrel about a year and half ago to around $50 per barrel. This has resulted in a sharp fall in revenues for all oil companies and specially the smaller companies that have a limited cash or revenue reserve. IN this condition this paper studies the possible strategies that can adopted by smaller oil companies to tide over the situation. For this
Study Document
Jpk Management Leadership Understanding Roles of Management
JPK Management Leadership Understanding Roles of Management and Leadership Management Managerial roles are primarily reactive and based on getting results or fixing a problem. The situation often dictates the role a manager takes on. However the employees, the organizational culture including skillsets and character makeup of the workforce, as well as the needs of the client or customer all play a part in the manager's influence and success. The need to restructure an
Study Document
Challenge of Managing All Stakeholders in the Context of a Merger Process...
Managing All Stakeholders in the Context of a Merger Process Review of the Relevant Literature Types of Mergers Identifying All Stakeholders in a Given Business Strategic Market Factors Driving Merger Activity Selection Process for Merger Candidates Summary, Conclusion, and Recommendations The Challenge of Managing All Stakeholders in the Context of a Merger Process Mergers and acquisitions became central features of organizational life in the last part of the 20th century, particularly as organizations seek to establish and
Study Document
Project Management: Case Study in Managing a
Project Management: Case Study in Managing a Complex Shipyard Project in Singapore Background of Complex Shipyard Construction Project Company background Project Overview and Objective Work Process of Building Construction Issue Analysis in Shipyard Construction Project Management Literature Review of Project Management Issues in Scope Management Methodology of Scope Management Lessons Learned from Scope Management Issues in Cost Management Methodology of Cost Management Lessons Learned from Cost Management Issues in Human Resources Methodology of HR Management Lessons Learned from Human Resource Management Case Study in Managing a