Management Theory into Practice Essay Example | Topics and Well Written Essays - 4000 words

Management Theory into Practice - Essay Example ExxonMobil is one of the world’s largest publicly traded international oil and gas company (ExxonMobil, 2010a). Its main purpose is to provide energy to growing economies and to alleviate the quality of living throughout the world. The company has an extensive cache to global oil and gas resources that makes it one of the leading names in the energy industry. Not only is the company the world’s largest refiner and marketer of petroleum products but its chemical company is one of the largest in the world. The company prides itself for its continued emphasis on innovation and spends extensively on finding more energy-efficient methods of production and delivery. Being one of the most successful companies of the world is strongly indicative of good management. The ExxonMobil official website pays herald to its strong leadership by saying that the discipline and commitment of the leadership has â€Å"led to competitive advantages† (ExxonMobil, 2010b). According to th e Chairman and CEO of ExxonMobil, in the current turbulent times, a company can only be successful if it considers business discipline and corporate citizenship to be interlinked (Schwartz, 2010). Drawing a SWOT analysis of ExxonMobil, one can see that the strength of the company lies in its technological advancement, and strong emphasis on research and development. The strong and stable financial performance of the company, coupled with its diversified revenue system, provides it with the leading market position.