Assignment 2 Challenges in the Global Business Environment
Assignment 2: Challenges in the Global Business Environment
Jerald V. Jones
Professor Margaret Parrish
Business 475
May 29, 2014
Specify, in brief, the nature, structure, types of products or service of the business you selected. Examine the information within the company’s code of ethical conduct, and choose three (3) key issues from within the document that you believe are critical for success. Provide rationale for the response.
In 1911 the Standard Oil of California, or SoCal was formed amid the antitrust breakup of John D. Rockefeller’s Standard Oil Company. In 1984 the Standard Oil of California and Gulf Oil merged. It was the largest merger in history at the time. Under the antitrust regulation, SoCal divested many of Gulf’s operating subsidiaries, and sold some Gulf stations and a refinery, SoCal changed their name to Chevron Corporation. In 2001, Chevron Corporation acquired Texaco to form Chevron Texaco. In 2005, Chevron Texaco announced it would drop the Texaco.
Today, the Chevron Corporation is the second-largest US integrated oil company ( behind Exxon Mobil) and is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. Chevron is led by Chairman and Chief Executive Officer John Watson and governed by a Board of Directors and committees of the board that meet throughout the year. The board has four standing committees, composed solely of independent directors who monitors overall corporate performance, the financial controls, effectiveness of its legal and political compliance, public policy and social programs. Stockholders can direct inquiries to the Board of Directors at any time and they may cover a range of topics or issues( Chevron Corporation, 2012). In addition, the board oversees risk management policies and practices as well as management and succession of key executives and Chevron’s strategic and business planning process. The San Ramon, California based company is involved
Jerald V. Jones
Professor Margaret Parrish
Business 475
May 29, 2014
Specify, in brief, the nature, structure, types of products or service of the business you selected. Examine the information within the company’s code of ethical conduct, and choose three (3) key issues from within the document that you believe are critical for success. Provide rationale for the response.
In 1911 the Standard Oil of California, or SoCal was formed amid the antitrust breakup of John D. Rockefeller’s Standard Oil Company. In 1984 the Standard Oil of California and Gulf Oil merged. It was the largest merger in history at the time. Under the antitrust regulation, SoCal divested many of Gulf’s operating subsidiaries, and sold some Gulf stations and a refinery, SoCal changed their name to Chevron Corporation. In 2001, Chevron Corporation acquired Texaco to form Chevron Texaco. In 2005, Chevron Texaco announced it would drop the Texaco.
Today, the Chevron Corporation is the second-largest US integrated oil company ( behind Exxon Mobil) and is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. Chevron is led by Chairman and Chief Executive Officer John Watson and governed by a Board of Directors and committees of the board that meet throughout the year. The board has four standing committees, composed solely of independent directors who monitors overall corporate performance, the financial controls, effectiveness of its legal and political compliance, public policy and social programs. Stockholders can direct inquiries to the Board of Directors at any time and they may cover a range of topics or issues( Chevron Corporation, 2012). In addition, the board oversees risk management policies and practices as well as management and succession of key executives and Chevron’s strategic and business planning process. The San Ramon, California based company is involved
References: Chevron Corporation SWOT Analysis, ( 2012). ChevronTexaco Corporation SWOT Analysis,1-9 Lawrence, A.T., & Weber, J. ( 2014). Business & society: Stakeholders, ethics, public policy (14th ed.). New York, NY: McGraw-Hill Irwin. Lin, C. P., Tsai, Y. H., Joe, S.W., & Chiu, C. K. (2012). Modeling the relationship among perceived corporate citizenship, firms’ attractiveness, and career success expectation. Journal of Business Ethics, 105(1), 83-93. Mitsch, W. & Jorgensen, S. 2004. Ecological Engineering and Ecosystem Restoration. New York: John Wiley.