Dividend Policy At Fpl Group Inc. (B) Case Study Analysis
Dividend Policy At Fpl Group Inc. (B) Case Help
It is necessary to note that Dividend Policy At Fpl Group Inc. (B) Case Study Solution is one of the important and leading United States based multinational energy corporation that has been engaged in practically 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 tried to predict itself as a company which is dedicated to the environment protection. The company has done this openly through "The Chevron Method" file and through marketing.
It tend to operates acrossvalue chain, encompassing numerous activities, also the company has produced massive quantity of incomes totaled up to $50592 in 2000. Similar to numerous other energy companies, Dividend Policy At Fpl Group Inc. (B) Case Study Solution deals with substantial difficulties and risk in the regular business operations. It is to notify that the if the oil is mishandled at any production stage it would probably damaging the human health, natural surroundings and the profitability of the corporate as a whole. Mishaps and accidents might be take place at several websites. It is considerably crucial for the company to be prudent about the money that it spends on the measures utilized to manage such difficulties and threat, likewise the Dividend Policy At Fpl Group Inc. (B) Case Study Analysis might contravene the withstanding custom of decentralized management.
Dividend Policy At Fpl Group Inc. (B) Case Study Analysis
The Dividend Policy At Fpl Group Inc. (B) Case Study Analysis describes the possibility of the environment destruction owing to the human activities, which in turn results in the indirect or direct harm to individuals within an environment. The environment can be harmed due to the extensive usage of resources, production waste, emissions, effluents etc. The factors affecting the environment likewise damages the goodwill and reputation of the business as a whole in the market.
The risk is Chevron management is stressed over includes;
Risk of damage to the human health, natural environment, and the business success.
Environment externalities and its influence on the public goods at every value chain stage
The value chain from the extraction of basic material to the pumps
Loss of reputation and goodwill
Expense of organisation disturbance
Being the valuable and prominent energy company, and strong market image in domestic and global markets, the business had to resolve and handle the functional challenges. There might be the unfavorable and the negative influence on the security and health of the staff member workforce, the resources used by business, natural environment in addition to the financial performance and viability of the business because of the ineffective handling of the oil while in the production process.
The leakage or spillage of the gas or oil at any production stage would be harmful for both the company and creatures and environment. For this factor, there must be a standardization of process so that the management of the business guarantee that the security and health of employee is not at stake throughout the process o production. The fines and additional charges may be implied by the nation's government and limit some of the company operations and prohibit the organization for harming the environment.
Environment risk management
As such, the executives or management of the business must not manage the environment danger as they have actually managed other danger including monetary threat due to the truth that the management or executives of the company can measure the results of handling the currency risk in quantitative terms by assessing the expense benefit analysis. The goal of the management is the lower the expense incurred by business to support the management of other risk. It is significantly essential that the cost of handling the danger needs to be lower than the cost of risk itself.
On the other hand, in case of the Dividend Policy At Fpl Group Inc. (B) Case Study Help, the supreme objective of the business is to reduce the likelihood of occurrence of the possible risk. If the company is not able to escape the event of the danger, it might take procedures for the function of minimizing the adverse effect of such dangers so that the cost referring to the effects of danger and the loses would be decreased to some level. Generally, the effects of the Dividend Policy At Fpl Group Inc. (B) Case Study Help could not be determined in financial terms, so it would be challenging for the company to compare the advantage made and cost sustained in it.
The cost required to handle the environment threat is based on the ethical factors to consider rather than state requirement or require by the policy of the company. This in turn, supplies the sense of truth that it is among the unneeded expense that is spend by the organization, but it would bring desirable and positive advantages, for this reason improve the bottom line of the company in indirect way. It is hard to determine the environment cost due to the reality that it is embedded in the everyday operating expense.
Spending money on Dividend Policy At Fpl Group Inc. (B) Case Study Help
If I would be at location of CEO of Dividend Policy At Fpl Group Inc. (B) Case Study Help, I would be worried that the line managers will not invest enough, it is due to the reality that the line management probably offers the dedication of environment threat management that is lined up with vision and objective of the business. It is significantly important to verify such dedication and devotion by the level of worker engagement and involvement. Not only this, the Dividend Policy At Fpl Group Inc. (B) health and safety function should have an agent at the executive position/ top management.
However, it is not the director and the senior manager who plays important function in management of environment danger. The line managers also play fundamental part in the development and the maintenance of the health and safety within a company. it is vital to note that the senior managers and directors keen on keeping the safe place of work and complying with health and wellness legislations, the directors and senior supervisors would rely on line supervisors to keep an eye on and carry out such arrangement, not just this however likewise serve as a channel for the safety enhancement suggestions and feedback from the staff members.
It is significantly essential that the line manager ought to be individuals whom the directors and the senior manager would trust and would not want to jeopardize on health and safety for the purpose of attaining the certain targets along with making themselves look better while doing so. The line supervisors ought to spend quantity of money on Dividend Policy At Fpl Group Inc. (B) Case Study Help management. The line supervisors need to be directly accountable for the defense of the workers within an organization, public and the environment.
In addition to this, the management training that is gotten by line supervisor is essential prior to taking up the function and the training in health and safety concerns or the environment risk management need to be included in the tenure of the line managers. Not only this, along with the training in management functions and obligations and different other associated locations including effective communication and management, health and safety courses which take a look at and lay out the obligations of the line supervisors from the perspective of health and safety need to likewise be completed.
Soon, I would be worried that line managers won't spend enough on environment threat management, since it is necessary for the business to minimize its effect on the environment and enhance its bottom-line. Becoming sustainable and lowering the waste would lead to waste, water and energy management cost savings. Not just this, it would likewise increase the profit of the business through efficiency and efficiency gains.
Business capture risks
The environment and security standards have actually been carried out by the Chevron Research and Technology Center through developing the Business, (a decision making tool) in conversation with the executives tends to manage downstream in addition to upstream operations. The Company offers support to the managers to focus on the projects for the executing them and it also assists supervisors in undertaking the expense benefit analysis.
Frequently, it is not true of the advantages that the cost required for handling the Dividend Policy At Fpl Group Inc. (B) Case Study Help projects can be examined in dollar worths or monetary worths. ; in case the benefit comes as a low possibility of the negative or unfavorable events, it is not clear that by how much it would be lowered by the Dividend Policy At Fpl Group Inc. (B) costs. The degree of damage is reduced in other investment due to the fact that of the undesirable event, however the certification of the damage is challenging.
No matter the difficulty in responding to such inquiries, Company assist handles in setting concerns for handling the Dividend Policy At Fpl Group Inc. (B) Case Study Solution. Basically, the Company uses spreadsheet strategy. It tends to use various appraisals tables and inputs sheets for the purpose of transforming inputs into the dollar worths.
The managers are entitled to fill the input sheet for each danger reduction proposition with the information such as initial task capital expense, life of project or the length of time throughout which the benefits would be yielded by job and the occasion's description such as company interruptions, injuries and fire. The input probably compare modified and existing scenarios.
Substantially, the information is utilized by supervisors from the qualitative risk ranking metrics that tends to be incorporated in the prior risk management procedure stage. The managers also anticipate the possibility of the unfavorable occasion more accurately as well as more specifically and the degree of the damage so that the previous qualitative evaluations would be supplemented. Unexpectedly, Dividend Policy At Fpl Group Inc. (B) Case Study Help had actually successfully discovered Business effective tool for measuring the expense related to the danger management propositions. The business has actually attempted to measure the advantages through expecting the overall dollar effect of adverse event and subtracting the incurred cost.
Recommendations to Keller about Business
After taking into consideration the assessment and feasibility of Company along with its benefits, it is recommended that Keller needs to implement the decision making tool Business companywide due to the reality that the tool would assist the supervisors to choose which projects ought to be taken forts in order to minimize the risk.
In addition to this, it has been utilized by the supervisors at refinery for the purpose of increasing the rois in management of the Dividend Policy At Fpl Group Inc. (B) Case Study Help. Not only this, it has permitted refinery to produce millions dollar worth of threat reduction advantages without any additional expense.
Executing Company companywide would yield different monetary and non-financial benefits to the company as a whole through helping with conversation about the Dividend Policy At Fpl Group Inc. (B) damage and potential customers of the accidents as well as about the relative significance and likelihoods of the various sort of concerns or problems. Especially, it would assist the management of business in identifying the efficient allotment of danger management resources, the use of which would allow the company to increase the total efficiency of financial investment made in the danger management.
Shortly speaking, Keller ought to implement the Company to efficiently handle the environment threat management and allocating threat management resources in efficient manner, hence increasing the performance of the threat management investment. It would boost the practicality and sustainability of the project.
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