The formation of the ExxonMobil Corporation - Free Essay Example

Sample details Pages: 8 Words: 2487 Downloads: 4 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? ExxonMobil Corporation was formed in year 1999 after the merger of two major oil companies, Exxon and Mobil. Both Exxon and Mobil were descendants of the John D. Rockefeller Corporation, Standard Oil which was established in 1870. Don’t waste time! Our writers will create an original "The formation of the ExxonMobil Corporation" essay for you Create order Its headquarters are located in Irving, Texas. ExxonMobil is one of the largest publicly traded companies in the world, they have been ranked either no.1 or no.2 for the past 5 years. However they are currently 4th in the ranking according to Forbes Global 2000 [1]. Today, Exxon Mobil also is the worlds largest refiner and marketer of petroleum products. They operate in most of the worlds countries and well known by their familiar brand names: Exxon, Esso and Mobil. This report will be covering the Exxon Mobil company background and study about the oil refinery industrial processes and operations in the company. Apart from that, research against the risk and its consequences of all the hazards of the oil spill disaster. In the other hand, to study the essential improvement changes in the management systems so that to prevent the disaster happening again. (1) Aims and Objectives of Exxon Mobil Corporation Exxon Mobil Corporation is committed to being the worlds premier petroleum and petrochemical company. They aims to continuously achieve superior financial and operating results while remain to the highest standards of business conduct [1]. Exxon Mobil Corporation is focusing on its corporate governance, because they believe good governance is essential for creating economic climate beneficial to large scale investments. There are 4 important components in their corporate governance which is Management systems, Standards of Business Conduct, Control Systems and National Content Development. [2] Management Systems A good management systems would facilitate the operation and work efficiently of one company. Exxon Mobil Corporation has complies with all applicable laws and regulations, and maintain high standards of the laws and regulations which do not exist. They are also committed to high ethical standards, legal compliance, and integrity which is reflected in their global po licies and practices. With the existing management systems, it is enable Exxon Mobil to comply the new regulations efficiently and providing them with a competitive advantage. Standards of Business No one at the company has the authority to make exceptions waivers with respect to compliance with the standards. The Standard of Business consists of guiding principles, sixteen foundation policies, as well as open-door communication procedures. The Exxon Mobil are committed their shareholders to be rewarded with superior return. They are also committed to provide high quality products and services at competitive prices to customer without changing customer preference. ExxonMobil will continue hire and retain the most qualified employee available and maximize their opportunities for success through training and development. In the other hand, ExxonMobil commit the communities that will maintain high ethical standards, obey all applicable laws, rules, and regulations, and respect loca l and national cultures. Other than that, ExxonMobil are dedicated to running safe and environmentally responsible operations. Control Systems Operations integrity Management Systems (OIMS) was introduced in 1992, it is specially designed to identify hazards and manage risks inherent to the operations and associated with the full-life cycle of projects. With the OIMS, industry-leading lost-time incident rates have been significantly reduced. Risks to the environment have been reduced, with a remarkable decline in marine spills and continuing reductions in emission. The overall effectiveness of OIMS is evaluated every five years for improvement purpose. National Content Development Oil and gas operation able to contribute to the economic growth of a local area, region, or nation. ExxonMobils national content development strategy helps to enhancing the economic and social opportunities. The employment of nationals is a key component of the ExxonMobils national content strategy . ExxonMobil also focuses on training and educating to the national employees, contractors, and suppliers. They are focus on transferring skills and knowledge as well. Purchasing local goods and services will be another target on their strategy. Exxon Mobil is still able to sustain its business with the disciplined approach and long-standing commitment to its corporate during the global recession of 2009. (2) Oil and Refinery Industrial Processes and Operations Crude oil is a mixture of many hydrocarbons compounds and relatively small quantities of other materials such as oxygen, nitrogen, sulphur, salt and water. It has to be refined before it can be used for fuel [3]. An oil refinery or petroleum refining processes are those chemical engineering processes mix with other petroleum refineries facilities to transform crude oil into useful products such as liquefied petroleum gas (LPG), gasoline or petrol, kerosene, jet fuel, diesel oil and fuel oils. [4] All refineries perform three basic steps: -Separation (fractional distillation) -Conversion (Cracking and rearranging the molecules) -Purification Diagram 2.0 Refining Process in Antwerp, Belgium Refinery [5] Below are one of the refining processes and operations from ExxonMobil Refinery plant [6]: Step 1: Separation Every refinery begins with the separation of crude oil into different fractions by distillation. The refinery receives its raw material through the pipe line. The crude oil is transferred into atmospheric distillation tower where it is heated and then separated into its different fractions. The products from the distillation tower range from gases at the top to very heavy, viscous liquids at the bottom. The heaviest residue is redistilled in the vacuum distillation unit and processed to make bitumen, heavy fuels. Step 2: Conversion is a very important processes to convert low valued heavy oil into high valued petrol. It is a process to change the size and/or structure of hydrocarbon molecules. These different fractions from distillation are then desulfurized and stripped of various unwanted substances. Conversion processes include decomposition (dividing) by thermal and catalytic cracking; Unification (combining) through alkylation and polymerization; and Alteration (rearranging) with isomerization and catalytic reforming [7]. Step 3: Purification The different products from conversion process are brought up to the required specification through a series of subsequent treatment processes. This process is done by Hydro treating. In Hydro treating, unfinished products are contacted with hydrogen under heat and high pressure in the presence of a catalyst, producing hydrogen sulphide and desulphurised product [8]. In the Exxon Mobils Rotterdam Refinery plant, coking unit flexicoker which was constructed in the mid eighties is using for converting the residual oil from vacuum or atmospheric distillation unit into petroleum coke as well as naphtha and diesel oil. Flexicoking is a process to convert heavy oil fractions into lighter fractions. The flexicoker is fed with the heavy oil residues or fraction from the vacuum distillation. The heavy residues are then converted at very high temperatures in the flexicoker into 70% light oil products and cokes. ExxonMobil would use these cokes to heat the different production processes. The remaining of very small quantity of coke is used in the cement industry. [6 ] (3) Risks in all areas that lead to the accident In year 1989, March 24 midnight, a serious oil spill was occurred in Prince William Sound, Alaska. There are several risks was found that lead the Exxon Valdezs oil spill event from happening. According to the accident investigation reported by The National Transportation Safety Board, they are finalised and determined five possible causes of the grounding as below [9]: Firstly, it was found that the third mate failed to properly manoeuvre the vessel, probably due to fatigue and excessive workload. At the time of the grounding, third mate just could have had 5 or 6 hours sleep in the previous 24 hours working. Regardless, he had had a physically demanding and stressful day, and he was working beyond his normal watch period. The third mates navigation tasks for starting the turn involved navigating the tanker in a high risk situation. Secondly, the master was possibly impaired with the alcohol and he had failed to provide a proper navigation watch. A blood test showed alcoh ol in the masters blood several hours after the accident but he had denied that he was not impaired by alcohol [10]. During 1985, the master was instructed underwent treatment because his job performance is unsatisfactory owing to the perceived use of alcohol. He was supposed attending treatment program at the hospital but this recommended outpatient treatment program was not followed and monitored by management. Thirdly, Exxon Shipping Company failed to supervise and control the master. Besides that, ExxonMobil also failed to provide a rested and sufficient crew for the Exxon Valdez. Exxon corporate management demonstrated inadequate knowledge of and concern about the seriousness of having an alcohol-impaired master. Exxon should have removed the master from seagoing employment until there was proof that he had his alcohol problem under control. In the other hand, Exxon Valdez was operated with a reduced crew complement. The number of unlicensed crewmembers in the deck departmen t was not sufficient to provide uninterrupted watch. Additionally, the U.S. Coast Guard had failed to provide an effective vessel traffic system. Vessel Traffic Center (VTC) watchstander could tracked the Exxon Valdez was farther 7.7 miles from the traffic lane if they set a lower range scale on the master radar console. Used of the higher range scale, VTC watchstander might not noticed the smaller course and speed change of vessel. Thus, accuracy of the radar tracking was reduced. Other than that, supervision of the VTC was adversely affected after the man power was reduced. Lastly, Effective pilot and escort services were lacking. The master only received verbal information about ice report from the pilot, and he had no choice to leave the port as tug boards were alongside and the pilot was on board already. Based on the statement above, we can see that all the risks is come from human-error or humans attitude and these unfortunate event had caused the ever largest human- caused disaster to the environment. (4) Consequences of all the effects of the accident In year 1989, the happening event bring a lot of aftermath to their country comprise the harmed to communities, environments, marine mammals, birds, fishes, as well as economic effects. Marine mammals, fishes and birds died in the days immediately after the oil spill. According to BBC News, below are estimated deaths figure of marine mammals, fishes and birds: [11] Seabirds Sea otters Harbor seals Bald eagles Killer whales Salmon and herring 250000 2800 300 250 22 unknown After the spill, we can obviously see that reduction in population of various ocean animals, stunted development in pink salmon populations. Meanwhile, larger marine mammals and ducks suffered ill effects because their prey was contaminated. A decade later, the ecosystem still suffers as the contamination still existed in beaches, national parks and designated wilderness. Evidence for toxic of hydrocarbon exposure can be seen from the persist contamination of mussel bed s [12]. According to previous study, toxicity of the oil spill will remained for a decade or more due the oil was segregate by the wave action, light and bacteria was inhibited. [13] The disaster also brings lasting harm to local communities as subsistence harvests of fish and wildlife substantially declined by Alaska Native communities after the spill. Other than that, the commercial for salmon and herring fisheries were adversely affected. It was also affected the human health as 20 communities have had major social and psychological impact like depression and Post-Traumatic Stress Disorder [13]. Economic always will have negative impacts after any disaster. For the Exxon Valdez oil spill case, it caused the economic effect in term of cleanup expenses, natural resource damages and the various economic losses incurred by the affected community or individuals [14]. We cant deny that the oil spill had brought a lot negative impacts especially to environment but sometimes we are underestimated the consequences hazards of this disaster. The environmental consequences may went far serious than we thought. [15] (5) Improvement in the management systems Improvements are always needed to against the disaster. Exxon Mobil has put a lot of effort to enhance the management system to prevent another Exxon Valdez from happening. According to the previous study on risk, third mate and the master was the person that makes the accident happen. At the end, Exxon has implemented Operation Integrity Management System (OIMS) to addresses all aspects of managing safety, health, security, environment and social risks as well. There are 11 important elements in OIMS [16] Diagram 5.0 Operation Integrity Management System (OIMS) 11 elements from Exxon [16] Risks of safety, health, environmental and security can be reduced through the risk assessment and management in OIMS systems. In the risk management system, hazards are able to identify easily, so that prevention can be take place immediately. For this reason, Exxon Mobil has organized drug and alcohol testing programs for safety sensitive positions. Other than that, they are restricte d safety-sensitive positions to employees with no history of substance abuse. Additionally, employees training issue. All companys must threat the training period of the newer employees as a very seriously event, this will improve the knowledge and management skill of the employees to become a successful workers no matter faces any difficulties and challenges. Much of the safety trainings must be provided to prevent any unwanted events. Its to let the workers familiar with the safety issues and take precautions always. At last, Exxon Mobil has implemented and strengthened training programs for vessel captains and pilots to provide more efficient responsibility. A specially trained and experience pilots required onboard the ship for the entire crossing through the Sound. Improvement in operation and maintenance is needed to ensure and monitor the status of compliance with regulations and responsible standards. In order to meet the requirement, ExxonMobil has improved the proced ures through this system. Then make sure the structured inspection and maintenance programs are implemented well according to parameters and regulations. ExxonMobil also set up a department to investigate and analysis the incident and to ensure processes are in place for addressing and sharing learning from company and industry incidents. With the effectiveness of this system, they able to track previous reported incidents and take corrective action and prevent it happen again. As example, applied new technology in order to improve vessel navigation system and ensure the integrity of oil containment systems. [17] Based on the study above, Improvement still can be implemented by Exxon Mobil, example using double bottom and double hull for all the tankers. Referring to case incident in the Lake Maracaibo Channel in Venezuela, can be said that double hull tanker able to prevent or reduce oil spill [18]. Conclusion Exxon Valdez oil spill disaster, the main reason led to this accident was the negligence of the management department and irresponsibility of the onboard officer. Owing to deficiency of safety and operations knowledge of employer and employees, contributing to the overwhelming accident that making huge damage to the environment and marine mammals. From this report, we learnt that the management of company plays a significant role at all fields including safety and health. Company management must always put their efforts to control all the risks and also benefits of employees. Some improvements have to be taken and monitor and review it periodically. All the oil and petroleum companies should take this tragedy as a remembrance and not forget it and 100% eradicating it from our domestic life on nowadays and also in future. (2755 words)

Essay about Working Women - 1039 Words

For centuries women have been viewed as the caretakers of the family. However, as more women are either earning higher salaries than their spouses or taking on the role as the â€Å"breadwinner† of the household, that view gets a little more complicated. According to an analysis by the Pew Research Center, 40% of all households with children under the age of 18 include mothers who are either the sole or primary source of income for the family – this number greatly increased from the 11% in 1960. These mothers who are the primary financial supporters of the family are divided into two groups: 37% are married and have a higher salary than their husbands while 63% are single mothers (â€Å"Breadwinner Moms†). Although our society is progressing with†¦show more content†¦Or that I’d feel so much chest-tightening pressure when I monitor our bills — or remind myself that if I don’t sign us up for life insurance, nobody will. Because itâ₠¬â„¢s my job† (Dunleavey 16). Here Dunleavey describes the reversal of the typical roles of a family household; she takes pride in her ability to support her family financially, but she is worried that she will forever be the breadwinner and will miss out on family time. She is still aware of the societal expectations to be the motherly role in the pair of parents, yet her husband was the one cooking, cleaning, and watching over their son. With costs rising quickly each year, the increased price of childcare services is taking a toll on dual income parents and especially single mothers. Something must be done to ease the expensive payment of such an important service for the reliable upbringing of America’s children. Thus the government should subsidize childcare services. If most of society is willing to assist working parents, society would be investing in the education of and care for the potential scientists, doctors, lawyers, and all of the other occupations necessary for society to continue to advance and develop. Another option would be to grant a longer maternity leave to working mothers. For example, the Family and Medical Leave Act allows mothers or fathers to take off, with pay, six weeks from work in order to stay homeShow MoreRelatedEssay on Working Women, the Government, and Politics1613 Words   |  7 PagesWorking Women, the Government, and Politics Working women in America are in a difficult and complex state. Women in the workforce are encouraged to compete like men, which conflicts with the demand for their time during the second shift. Complete dedication is expected both in the workplace and in the home, and little support is provided by the opposite sex and the government. 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American History Retells World War II - 1232 Words

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Military terms for rank, weapons, and vehicles also did not exist in the Native vocabulary. At the conclusion of WWI, the Germans identified the Native American tribes by their language used during the war, exploiting and deterring any further similar attempts to secure messages. The U.S. Military ceased further improvements into the augmentation of native languages and radio communication. The U.S. Military, struggling with a communication disadvantage in the early stages of WWII proposed to employ Native Americans and their languageShow MoreRelatedAmerican Culture And The American World War II Essay1423 Words   |  6 Pagessimply a part of the American way of life. Americans have always relied on this trait from the early days of British colonization to present times. It can be demonstrated in all facets of life. Adaptability was the reason the old frontier was populated; people adjusted to the unfamiliar climates, conditions, and lands. 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scientific literacy Essay - 1687 Words

Scientific literacy Introduction and audience When talk about science, perhaps majority of us think it is less relative with real life. However, as society developed, science encompassed us everywhere. This situation forces everyone to acquire the ability to learn and understand science. Some may think that, scientific literacy is what a scientist should have and nothing about normal people, however it is just too narrow. Look around the surroundings of us, everything is conned with science. Also, we encounter science in our normal life as well. Therefore, the ability to acquire and understand science is necessary and important, which is called scientific literacy. Scientific literacy is the foundation of science and technology†¦show more content†¦Also, they might doubt the ingredient of their product (thinking creatively). What were they made of, would that influence their health? Finally, we made the decision, it was a deceptive advertising and we wouldn’t purchase it(problem solved). This is the one typical example process of using scientific way to solve problems. So far, we could tell scientific literacy is useful, but does it necessary for us? The next part is telling why it is necessary and the basic science knowledge to acquire it. Science knowledge is necessary As the rapid development of science and technology, everyone in society is required to acquire higher scientific literate skill. What if one doesn’t acquire scientific literacy, not only he/she could not engage in science study or research, but would encounter difficulties in normal life. For example, when we want to look for a book in the library, it would be so simply if we check it online, copy the index of the book and then go find it directly. However, people who don’t have the ability to acquire computer skill would have difficult. 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Knowledge Audit for Business Analysis Business World

Question: Describe about the Knowledge Audit for Business Analysis of Business World. Answer: Knowledge Audit for Business Analysis Knowledge auditing is one of the fundamental areas while trying to understand what is required of an entrepreneur in the business world. There are great business analysts who are equipped with rich knowledge in explaining special concepts concerning what ought to be done by the company in order to realize on the business objectives. The success of the business depends on how the company handles different issues such as the employees related problems and the perception of the customers (Weetman, 2006, p. 23). Special areas in knowledge audit include; financial capital, intellectual capital, natural capital and social and relationship capital. Stakeholders analysis and management Stakeholders analysis entails finding of the information from different categories of people affected by business. This information is important in the decision-making process in the company. They are the most important persons while running of the business. They play an integral part in the growth of any firm since their role is outstanding as they are majorly concerned with the market scope of the product and efficacy of the enterprise. There are two types of stakeholders. One of them is the primary or generic stakeholders. These stakeholders are affected by the running of the business directly. Their effect is felt either positively or negatively in the association. The owners of the company fall under this category of primary stakeholders. They are classified in this because of their directly engagement in the business (Rego, Pinho, Pedrosa E Cunha, 2008, p. 14). For instance, they are the ones who are affected by the law in case there business collides with the requirement of th e law. On the other hand, secondary stakeholders are those who are affected indirectly by the actions of the organization. These are case of the security exchange market where the company is reserved. Both of them ought to strategize in order to create a portfolio in their company and lead to profit maximization in the firm. Stakeholders are mostly involved extensively during the preparation phase of the company. Understanding of the benefits of the analysis of this group is very necessary. One of the main reasons is to provide clear understanding of the stakeholders interest in the association. This will assist the assist the management in the development of the impetus of change in order to meet the substantial need of the stakeholders. Moreover, it helps in the understanding of potential risks, which might be experienced in the line of business. These risks include change of tastes and preferences of the customers in the company. This will help the management to change the tactics to avoid such mess. Additionally, their scrutiny helps in creating of the awareness of the work or the products produced by the company. This can be concerning the quality, the codes of ethics in the company among many others. (Jespersen, 2006, p. 33). They are based on a basic formula, which clearly defines their role. This formula is abbreviated (WTCAOE) it stands for; Worldview, Transformation, Customers, Actor, Owners, Environment. According to the worldview, they are perceived are ones who can either make the business to grow or fall. The entire business fraternity should treat this category of people in a special way. They help in the transformation setup of the business. Through crucial analysis, one finds that the stakeholders influenced the customers of different companies either frankly or ultimately. The management of the companies relies fully on the work of the stakeholders in promoting of the business activities in the firm (Khan, Ganguly Gupta, 2008, p. 36). They are the threshold since they finance and obtains full rights on the operation of the entity. Social media and Information Technology systems are used as the spectrum in analysis of the stakeholders views on business concerns. Most of them present their views and ideas to the radios and the television in order to be aired. They can also post their feelings through mail and forth. Despite the fact that they are very important in the growth and development of the business, this group also as its own setbacks (Faber, Schiazza Megna, 2015, p. 6). They can easily be swayed and thus give analysis about the business inappropriately. It is therefore prudent for the organization to analyzeothersorts of specialists in business in order to find the truth behind the running of their business. According to views, they can bring d own the business since some do not have quality knowledge on business productivity techniques. This thus leads to biasness in the presentation of the information on the dos and donts of the company (Stadnicka Ratnayake, 2015, p. 92). Business analyst A business analyst is a person who provides information and techniques to be executed in the running of the business activities. One under this school is considered an expert in the business sector. Most companies need their services in order to help in the production and maintenance of the business related activities in the world today. They offer complete description of the processes of business in solving of the problems which affects the companys flaws. They are filled with tips, tricks, techniques, and guerrilla tactics, which help in the executing of the development in the face of critical moments in the sector (Folinas et al, 2010, p. 29). The forecaster plays different roles in the line of duty (Gao, Dai Hei, 2015, p. 1542). Firstly, one undertakes the role of intermediately for the company. The business analyst helps in linking the business with the potential client by sampling clients to ascertain the problem emanated from which part. After that, one is expected to relay the information on the findings and thus provision of the perfect rubric to be taken in the administration of business. Moreover, one links the management and the owners of the company through meetings entailed to provide solutions on the issues pulling down the business (Mohammadi, Khanlari Sohrabi, 2010, p. 36). Secondly, business analyst provides quality assurance to the firm. This is done through giving out of the mechanism, which the company ought to follow in order to sprout in the economical standards of the enterprise. Many have actually helped even the fallen and hopeless company to stand and retain their earlier forms in the industry. Th irdly, one acts as the filter for the company. This role is exercised through guiding of the organization on what they ought to concentrate upon in order to avoid failure, which might have been brought about by the inefficiencies experienced earlier on (Osan et al, 2010, p. 34). Fourthly, this person acts as the diplomat for the company. One helps in the analysis of certain views, which are fundamental for the business. Moreover, one is entitled to travel to different destinations in search of answers for the problems affecting the market scope of the company. The fifth point is that, the business analyst helps in facilitating of the business (Sharma, Tan Cheng, 2010, p. 23). This is done through providing of lectures and tutorials to the stakeholders of the company. Through this, one provides the best mechanism each should follow in different sectors they are entitled to work for. It is prudent for the company to bring about collaboration with the business analyst. This is because it is the only way they can understand each problem affecting the business and bring forth the success of the institution. The corporation ought to fully follow the instructions as given by the analyst without failing. This is because in case of fall short of the requirements, the company will be subjected to malfunctioning problems. Despite the great work done by this specialists, they also exhibit some challenges in th e company (Andriessen Fahlbruch, 2004, p. 40). Some of them are affected by political tyrannies and thus the delivery of up to date advice on business success is affected. This is due to pressure imposed upon by the ruling party. Additionally, they also face the challenges brought about by corruption cases. Some of this analysts work for different companies. The companies, which deal with same line of product, can easily bribe the analyst to provide vague advice to the competitor. This will lead to the collapse of the other company in the name of love for money. In my critic, the company should solely have internal analyses in order to combat predicaments caused by those who are hired from specified companies. The firm can also engage in extensive research on success of the company on their own. What is the real problem? Business analysts as the main or the sole problem, which as continuously pulled down or cause malfunctioning of the business enterprises, have defined real problem. They are the portfolio risks, which are, ought to be researched seriously in order to help the business to recuperate. Most companies during their recession period waste a lot of capital in trying to solve the problem which in real sense they maybe not the actually be the ones affecting the company (El Kharbili, 20009, p. 37). They go ahead and solve vague and ambiguous misleading problems without focusing on what actually is the matter affecting the company. It is thus prudent for them to determine the problem. Moreover, they ought to define the impetus to bring about the efforts, which will help in the solving of the problem they have researched upon. One finds that their exits different perceptions, which ought to by, delve upon in order to bring to book what is the real problem paralyzing the business. This can the pr oblem does not actually exist. This is an assumption point of view from the management to the association (LoÃÅ' pez-NicolaÃÅ' s MeronÃÅ'Æ’o-CerdaÃÅ' n, 2010, p. 18). This will thus lead to continuous failure of the firm. Through the usage of what people such as the customers and the analyst will help the management to fight the mess living in the enterprise. This people have full knowledge on the business and thus been keen on their advice can help the firm to understand where the problem is and subsequently work towards finding of the solution to the issues affecting the association. Doing critical investigation is also very dynamic in finding one pulls down the company (Chakrabarty, 2010, p. 28). The management should be very keen while trying to find the real problems. They ought to consider on a number of factors before concentrating their mind on the opinions from the stakeholders of the group. This is because most of them do not have sufficient knowledge on the business (Guo, 2010, p. 45). This will thus lead to uncertain solutions, which can lead to solving of the problem, which is not affecting the running of the association. To add on this, the stakeholders bring about conflicting solution i n the company. This is because majority of them are swayed by the structure of the association and the previous success without counting on rows the company is facing in the present time (Yoke, Yatim Wee, 2014, p. 14). In determining of the problem, one ought to gather information from different stakeholder and doing research through the information technology system. One should also consider focusing on the vision and mission statement of the company. This is because it gives out the guidelines to be followed and what is mandated to be reaped from the company. Portfolio analyses: Knowledge management audit Different scholars have defined knowledge management audit as the management of the capability and the understanding of different people in the business field (Borgianni, Cascini Rotini, 2010, p. 23). It is very important since one ought to have clear concept of ones performance to avoid problems brought about by the doing work in which one does not understand. It is meant to aid in reduction of risks. One of the main areas of concern in this subtopic is the capital knowledge. Capital is defined as the total assets and the liabilities of the company. The stakeholders should have the knowledge concerning this in order to bring about balance of work in the business during their course of delivery. This is entailed in preventing the sinking of the business through ensuring that liabilities do not exceed the asset capacity in the firm (Moeller Brink, 2009, p. 34) Moreover, it is meant to aid in maintain the core objectives of the firm. Besides, intellectual capital is also cognitive in the running of the business enterprise. The way employees and the management understand on the capital requirement can either build or destroy the association. This is because in the event where people do not understand what their core capital requirement is, the morale for its growth and development will never be realized and thus probability of closure the company is inevitable. Understanding of the natural capital is also very decisive (Andriessen Fahlbruch, 2004, p. 12). This is because it will help the corporation in working towards its improvement rather than destroying it. An example of the natural capital is the atmosphere. The company ought to take care of it through preventing it from contaminations brought about by pollution activities. They should ensure that dumping is done appropriately. They are also entitled to do practices such as planting of trees to protect the ecosystem and subsequently the human and animal life whose life depends on it. To add on that, manufacturing capital is also very essential. Com panies should concentrate on manufacturing on quality products. This is because outputs, which are very quality, sell themselves and thus reduction on the wastage. The audit will be based on the quantity of the blend used in the production. It will ensure that it is the right one and follows the requirement of the law. The core functions and the cultural assessment should be put in consideration while performing such tasks (Paquette et al, 2010, p. 20). Reference List Andriessen, J. H. E., Fahlbruch, B. (2004).How to manage experience sharing: from organisational surprises to organisational knowledge. Amsterdam, Elsevier. https://site.ebrary.com/id/10137948. Borgianni, Y., Cascini, G., Rotini, F. (2010). Process value analysis for business process re-engineering.Proceedings of the Institution of Mechanical Engineers, Part B: Journal of Engineering Manufacture.224, 305-327. Chakrabarty, S. (2010). Strategies for Business Process Outsourcing. El Kharbili, M. (2009). Business Rules Management for Business Processes. Faber, T., Schiazza, T. L., Megna, P. (2015). Improvement in pasive arc flash protection through limiting arcing duration. 1-8. Folinas, D., Pavlou, T., Karakostas, B., Manthou, V. (2010). A Conceptual Framework for Business Process Modeling in Virtual Organizations. Gao, Y., Dai, L., Hei, X. (2015). Throughput Optimization of non-real-time flows with delay guarantee of real-time flows in WLANs. 1541-1546. Guo, K. H. (2010). Knowledge for Managing Information Systems Security. Jespersen, K. R. (2006). Computational Intelligence as a Platform for a Data Collection Methodology in Management Science. Khan, S., Ganguly, A. R., Gupta, A. R. (2008). Creating Knowledge for Business Decision Making. LoÃÅ' pez-NicolaÃÅ' s, C., MeronÃÅ'Æ’o-CerdaÃÅ' n, A. L. (2010). A Model for Knowledge Management and Intellectual Capital Audits. Mohammadi, K., Khanlari, A., Sohrabi, B. (2010). Organizational Readiness Assessment for Knowledge Management. Moeller, R. R., Brink, V. Z. (2009).Brink's modern internal auditing: a common body of knowledge. Hoboken, N.J., Wiley. https://www.123library.org/book_details/?id=5999. Paquette, G., LeÃÅ' onard, M., Basque, J., Pudelko, B. (2010). Modeling for Knowledge Management in Organizations. Osanna, P. H., Durakbasa, N. M., Yurci, M. E., Bauer, J. M. (2010). Enterprise Information Systems for Business Integration in Global International Cooperations of Collaborating Small and Medium Sized Organisations. Rego, A., Pinho, I., Pedrosa, J., E Cunha, M. P. (2008). Barriers and Facilitators to Knowledge Management in University Research Centers: An Exploratory Study. Management Research. 7, 33-48. Sharma, R. S., Tan, D. S., Cheng, W. S. (2010). Two Heads Are Better Than One: Leveraging Web 2.0 for Business Intelligence.International Journal of Systems and Service-Oriented Engineering.1, 1-24. Stadnicka, D., Ratnayake, R. C. (2015). Simple approach for Value Stream Mapping for business process analysis. 88-94. Weetman, Pauline. (2006). Financial Accounting An Introduction. Pearson Education UK. https://www.myilibrary.com?id=60210. Yoke Seng Wong, Yatim, M. H. M., Wee Hoe Tan. (2014). Use computer game to learn Object-Oriented programming in computer science courses. 9-16.

Flvs Poetry Contest Essay Example For Students

Flvs Poetry Contest Essay On both copies print or type the division Minor or Senior) in the upper left hand ornery. No other identification should appear on the first copy. B. On the second copy only, place all following information in the upper right hand corner: Grade: Students Name: Students Full Address: (Street) Name Complete Address of Name : Teachers Full School District: CERTIFICATION: Also, on the second copy only, students must certify the originality of the poem and that it has not been copied in whole or part from any other authors work, including poems posted on the internet. This certification is required by the Manning contest (see below) and should be worded as follows: retire that the poem _(title) l _(written signature) is my own original work. Note: Any poems that do not follow the above requirements , format, and certification will be disqualified. Submission to this contest should be done with the understanding that announcement of the winners names, teachers, and schools may appear on the FSP website and in its newsletter. PRIZES: This year all winners in each division will receive cash awards (1st$25, 2nd$1 5, 3rd$10 and $5 for each of five honorable mention awards). Each winner will also have their poems printed in the Florida State Poets Associations Anthology 32 and will receive copies of the anthology as well as award certificates..