Introduction:
Chevron is a leader in the major operations of the world’s oil and gas reserves even from the extreme difficult environments. Chevron maximizes technology in the innovation of mature fields and continues to discover new reservoirs.
Business Ventures include: Oil, natural gas, Lubricants, products, Manufacturing, chemicals, Technology, global trading, and many more.
Carrier Brands: Chevron, Texaco, Caltex
The keys for success (3 main points) include:
Integrity – The Company regards honesty within the company and to others. The business deals of the company are done with utmost regard of the ethical standards. The company accepts responsibility holding themselves accountable for their every works and actions
Partnership – The Company have an unwavering commitment in becoming a better partner. The focus of the company is for the productivity, trust and the healthy and beneficial relationships with their clients, governments, customers, and the communities around.
High Performance – The Company’s commitment for excellence drives their efforts for continuous improvement. The company drives for results with optimum energy and top priority of urgency
In comparison with ExxonMobil and Shell (other brands with the same line of business):
Chevron key points: Integrity, High Performance and Partnership
ExxonMobil: Integrity, equality and fairness, transparency and trust
Shell: honesty, integrity and respect
The Potential Positive outcomes of the use of keypoints in the business of Chevron include:
- Honesty and Integrity in the business produces harmony in the company. It promotes respect for customers, employees, and the management.
- A business with grounded with integrity and honesty is driven to success. It creates confidence with creditors, investors, clients, business partners and most especially, the consumers.
Potential Adverse effect on the absence of the key points include:
- Businesses who side-tracks from the core values of integrity and honesty faces ethical dilemmas compromising morality.
- Consequences of compromising integrity in the business destroy relationships between employees and management. Business dealing and transactions are affected
Chevron’s technique for Sustainability:
- Adaptability and flexibility makes Chevron remain sustainable and effective despite the changes in the realm of the political, economic, social and cultural context.
- Adaptable management prerogatives lead companies to sustainable development.
- Flexibility makes them create a harmonious environment for their employees and the stakeholders
Chevron’s Environment Adaptation
Chevron is also dedicated in their commitment to protect the environment. As such, they continue to support technologies that alleviate environmental concerns and issues such as global warming and air pollution. They strive to operate with excellent management system that does not compromise the environment. Their lobbying efforts are evidence that they promote environmental friendly technologies related to energy, fuels and oils.
Chevron’s Approaches in the Technological world:
- Chevron puts optimum value to the protection of their information and handles their intellectual property with care.
- Chevron handles sensitive information with utmost care where binding information are treated with optimum confidentiality. This action protects them from potential liabilities and keeps their values of Partnership and Trust.
- Chevron also complies with the laws and legislations of the government. Their commitment with the intellectual property rights of their business procedures, e.g patents, copyrights, propriety information and trade secrets are done with optimum care
Chevron’s Challenges in the Technological world:
- lag of technological advancement
- ascetic and demanding competition
- pirating of notable key employees
- Chevron can topple these challenges by taking care of their human resources, advancing their research and development and harnessing talents so as to let them choose and abide with the company for future progress.
Lobbying Efforts of Chevron
- They support scientists, researchers and other scholars that have innovations for the technology related to the energy, fuel, oil and their positive environmental impacts. This effort of Chevron advertises their lofty records for their environmental concern.
- They promote the alleviation of air pollution through the laws that they connect to the legislative bodies.
- They continuously promote their allegiance to the use of renewable energy.
- In effect, Chevron’s investments would return back to them with profits. Their continuous lobbying efforts to support projects that promote a clean environment lead them on top among their competitors
Chevron’s Global Corporate Citizenship
Chevron’s regard to diversity as one of their core values in their code of ethical conduct promotes corporate citizenship. They recognize that multi-cultures and diverse origins are worthy of respect and consideration. Thus, they value every individual regardless of race, nationality, language and origin. Chevron recognizes the uniqueness of every individual and their respective perspectives. They believe that the talents and skills that they can contribute to the company are valuable and that can help the whole company achieve global success and sustainability
References:
Chevron. (2014). Business Conduct and Ethics Code. Accessible through
http://www.chevron.com/documents/pdf/chevronbusinessconductethicscode.pdf
