EXXON MOBIL CORPORATION INTERNATIONAL BUSINESS ENVIRONMENT

Exxon Mobil Corporation International Business Environment



Question 3: Compare and contrast the means by which a company can internationalise its operations. For a company of your choice, chart the recent progress it has taken in achieving internationalisation outlining why it adopted its chosen method.

Exxon Mobil Corporation International Business Environment

Introduction

ExxonMobil, a worldwide leader in the oil industry, must continuously seek out opportunities for new and better means of acquiring alternative fuel for its customers to remain a leading competitor. As un-renewable crude oil demands increase, sources are increasingly depleted and no longer a viable option as a source of energy. It is prudent for companies such as ExxonMobil prepare for the inevitable future. Biodiesel is a renewable source of energy. Comprised of organic materials and methanol or ethanol, it is a potential means of solving for the inevitable question consumers are facing worldwide, 'What do we do when we run out of gas?' It is crucial that ExxonMobil as a leader in the fuel industry seek out the true potential of biodiesel. In this paper we analysed the global expansion of Exxon Mobil Corporationand also we analysed there strategies used in business expansion.

Discussion

The more one understands ethics, the more it is used and the more helpful it becomes -Plato, The quote by Plato is a reminder on just how significant ethics is and how important it is to educate yourself on proper ethical practices. Business ethics have shown remarkable similarities and differences across cultures with respect to attitudes toward questionable business practices (Storm, 2007).

Ethical complexities and trials opposite enterprises that operate internationally, mainly focusing in on multinational companies and the ethical problems they face. Advances in communication, technology, and transportation, have minimized the world's borders, creating a new global economy as more and more countries are attempting to industrialize and compete internationally. Because of these trends, more companies are doing business outside their home countries. These transactions across national boundaries define global business, a practice that brings together people from countries that have different cultures, values, laws, and ethical standards (Storm, 2007). Thus, the international business must not only understand the values, culture, and ethical standards of its own country but also be sensitive to those of other countries. Multinational corporations are public companies that operate on a global scale without significant ties to any one nation or region. Multinational corporations represent the highest level of international business commitment and are characterized by a global strategy of focusing on opportunities throughout the world. Due to the size and financial power, multinational corporations have been the subjects of much ethical criticism, and their impact on the countries in which they do business has been a hotly debated issue (Ferrell et al, 2008).

Ethics will be a key measure in economic, political, and social forecasting; it will inform critical corporate decisions and it will enhance complex problem solving. In addition, the global businessperson must not only understand the values, culture, and ethical standards of his or her ...