Congoleum Corporation Case Study Solution
Congoleum Corporation Case Analysis
It is important to keep in mind that Congoleum Corporation Case Study Solution is among the important and prominent US based multinational energy corporation that has been participated in almost every element of the natural gas, oil and geothermal energy markets such as hydrocarbon production and exploration, marketing, refining and transport, chemical production and sales and power generation. The company has actually tried to forecast itself as a company which is committed to the environment security. The company has actually done this openly through "The Chevron Method" document and through marketing.
It tend to operates acrossvalue chain, including different activities, also the business has produced huge amount of revenues totaled up to $50592 in 2000. Comparable to numerous other energy companies, Congoleum Corporation Case Study Solution faces substantial difficulties and risk in the routine service operations. It is to inform that the if the oil is mishandled at any production phase it would most likely damaging the human health, natural environment and the success of the corporate as a whole. Accidents and mishaps may be take place at a number of sites. It is considerably essential for the company to be prudent about the cash that it spends on the steps used to handle such difficulties and risk, also the Congoleum Corporation Case Study Analysis may conflict with the sustaining custom of decentralized management.
Congoleum Corporation Case Study Solution
The Congoleum Corporation Case Study Solution describes the possibility of the environment destruction owing to the human activities, which in turn leads to the indirect or direct damage to individuals within an environment. The environment can be damaged due to the exhaustive use of resources, production waste, emissions, effluents etc. The factors affecting the environment also ruins the goodwill and credibility of the company as a whole in the industry.
The danger is Chevron management is stressed over includes;
Danger of damage to the human health, natural surroundings, and the corporate success.
Environment externalities and its impact on the public products at every worth chain phase
The worth chain from the extraction of raw material to the pumps
Loss of track record and goodwill
Cost of organisation disruption
Being the valuable and prominent energy company, and strong market image in domestic and global markets, the company needed to deal with and handle the operational difficulties. There might be the unfavorable and the negative effect on the security and health of the employee labor force, the resources used by business, natural surroundings in addition to the financial performance and viability of the business because of the inefficient handling of the oil while in the production process.
The leak or spillage of the gas or oil at any production stage would be dangerous for both the organization and creatures and environment. For this reason, there ought to be a standardization of process so that the management of the business assure that the safety and health of worker is not at stake during the procedure o production. The fines and additional charges might be suggested by the nation's government and limit some of the company operations and ban the organization for damaging the environment.
Environment risk management
As such, the executives or management of the company should not manage the environment threat as they have managed other threat consisting of financial risk due to the truth that the management or executives of the business can determine the results of handling the currency risk in quantitative terms by evaluating the cost advantage analysis. The objective of the management is the lower the expense sustained by company to back up the management of other threat. It is considerably crucial that the expense of handling the risk needs to be lower than the expense of risk itself.
On the other hand, in case of the Congoleum Corporation Case Study Help, the ultimate goal of the company is to reduce the possibility of occurrence of the potential risk. If the company is unable to leave the event of the risk, it could take measures for the purpose of reducing the adverse impact of such threats so that the cost pertaining to the effects of threat and the loses would be decreased to some level. Normally, the results of the Congoleum Corporation Case Study Analysis could not be determined in financial terms, so it would be tough for the business to compare the benefit earned and cost incurred in it.
In addition to this, the cost required to handle the environment danger is based upon the ethical factors to consider instead of state requirement or require by the policy of the company. This in turn, offers the sense of fact that it is one of the unneeded cost that is spend by the organization, however it would bring desirable and positive advantages, hence improve the bottom line of the business in indirect way. It is tough to identify the environment expense due to the fact that it is embedded in the daily operating expense.
Spending money on Congoleum Corporation Case Study Help
If I would be at place of CEO of Congoleum Corporation Case Study Analysis, I would be worried that the line supervisors won't spend enough, it is because of the truth that the line management most likely offers the commitment of environment danger management that is aligned with vision and objective of the company. It is considerably crucial to validate such dedication and dedication by the level of employee engagement and involvement. Not just this, the Congoleum Corporation health and safety function must have an agent at the executive position/ top management.
It is not the director and the senior manager who plays crucial role in management of environment danger. The line supervisors also play fundamental part in the production and the maintenance of the health and wellness within an organization. it is essential to note that the senior supervisors and directors keen on preserving the safe location of work and adhering to health and safety legislations, the directors and senior managers would count on line managers to monitor and carry out such provision, not just this but also serve as a conduit for the security enhancement suggestions and feedback from the staff members.
It is significantly important that the line supervisor ought to be individuals whom the directors and the senior manager would trust and would not want to jeopardize on health and wellness for the function of accomplishing the particular targets as well as making themselves look much better in the process. The line supervisors must invest quantity of cash on Congoleum Corporation Case Study Help management. The line managers should be directly responsible for the security of the employees within a company, public and the environment.
In addition to this, the management training that is gotten by line supervisor is important before taking up the role and the training in health and safety concerns or the environment risk management need to be included in the tenure of the line supervisors. Not only this, along with the training in management functions and responsibilities and various other associated locations consisting of reliable communication and leadership, health and wellness courses which examine and describe the responsibilities of the line supervisors from the viewpoint of health and safety need to likewise be finished.
Shortly, I would be stressed that line managers will not spend enough on environment threat management, since it is important for the company to minimize its impact on the environment and improve its fundamental. Ending up being sustainable and minimizing the waste would result in waste, water and energy management cost savings. Not just this, it would also increase the revenue of the company through performance and performance gains.
Company capture risks
The environment and security standards have been carried out by the Chevron Research Study and Technology Center through developing the Company, (a decision making tool) in conversation with the executives tends to handle downstream in addition to upstream operations. The Company provides assistance to the supervisors to focus on the jobs for the performing them and it likewise assists managers in undertaking the cost benefit analysis.
Frequently, it is not true of the benefits that the expense needed for handling the Congoleum Corporation Case Study Analysis tasks can be evaluated in dollar worths or monetary values. For example; in case the advantage comes as a low likelihood of the adverse or undesirable events, it is not clear that by just how much it would be decreased by the Congoleum Corporation costs. The extent of damage is lowered in other financial investment due to the fact that of the undesirable event, however the qualification of the damage is challenging.
Regardless of the trouble in responding to such queries, Company assist handles in setting concerns for handling the Congoleum Corporation Case Study Solution. Basically, the Business uses spreadsheet method. It tends to use various evaluations tables and inputs sheets for the purpose of converting inputs into the dollar worths.
The managers are entitled to fill the input sheet for each threat reduction proposition with the information such as initial job capital expense, life of project or the length of time during which the advantages would be yielded by project and the event's description such as service disruptions, injuries and fire. The input probably compare modified and present situations.
Substantially, the info is used by supervisors from the qualitative risk ranking metrics that tends to be included in the prior danger management procedure stage. All Of A Sudden, Congoleum Corporation Case Study Analysis had actually successfully discovered Company effective tool for quantifying the cost related to the danger management proposals.
Recommendations to Keller about Company
After thinking about the examination and expediency of Company along with its advantages, it is suggested that Keller ought to execute the choice making tool Company companywide due to the fact that the tool would help the managers to decide which projects need to be taken forts in order to lower the danger.
It has actually been used by the supervisors at refinery for the purpose of increasing the returns on investment in management of the Congoleum Corporation Case Study Solution. Not only this, it has actually allowed refinery to produce millions dollar worth of risk reduction advantages with no additional expense.
Implementing Company companywide would yield different monetary and non-financial advantages to the business as a whole through assisting in conversation about the Congoleum Corporation damage and potential customers of the accidents as well as about the relative significance and possibilities of the different sort of problems or problems. Especially, it would assist the management of company in determining the efficient allotment of danger management resources, the usage of which would permit the company to increase the overall performance of financial investment made in the threat management.
Soon speaking, Keller ought to carry out the Company to effectively deal with the environment threat management and allocating danger management resources in effective manner, for this reason increasing the efficiency of the danger management financial investment. It would improve the practicality and sustainability of the task.
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