Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Help
Standard Chartered Banks Acquisition Of American Express Bank (A) Case Solution
It is important to note that Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Solution is one of the valuable and prominent US based multinational energy corporation that has been engaged in almost every aspect 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 predict itself as an organization which is dedicated to the environment security. The business has done this openly through "The Chevron Way" file and through advertising.
Similar to various other energy business, Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Analysis deals with significant obstacles and danger in the regular company operations. It is substantially crucial for the business to be sensible about the cash that it invests on the measures used to manage such challenges and danger, also the Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Solution may conflict with the withstanding tradition of decentralized management.
Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Analysis
The Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Solution 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 damaged due to the exhaustive use of resources, production waste, emissions, effluents and so forth. The factors impacting the environment also damages the goodwill and credibility of the company as a whole in the industry.
The danger is Chevron management is fretted about includes;
Threat of damage to the human health, natural environment, and the business success.
Environment externalities and its impact on the public products at every worth chain stage
The value chain from the extraction of basic material to the pumps
Loss of credibility and goodwill
Cost of business disturbance
Being the valuable and prominent energy organization, and strong market image in domestic and worldwide markets, the company needed to address and deal with the functional obstacles. There could be the negative and the negative impact on the safety and health of the staff member labor force, the resources used by company, natural environment in addition to the financial performance and practicality of the business due to the fact that of the ineffective handling of the oil while in the production process.
The leak or spillage of the gas or oil at any production phase would be unsafe for both the company and creatures and environment. For this factor, there need to be a standardization of procedure so that the management of the company ensure that the safety and health of staff member is not at stake during the process o production. The fines and additional charges might be indicated by the nation's federal government and limit some of the service operations and prohibit the company for damaging the environment.
Environment risk management
As such, the executives or management of the company need to not handle the environment danger as they have managed other danger consisting of monetary danger due to the truth that the management or executives of the business can determine the results of managing the currency risk in quantitative terms by evaluating the cost benefit analysis. The objective of the management is the lower the expense sustained by business to back up the management of other threat. It is substantially essential that the cost of managing the risk must be lower than the cost of threat itself.
On the other hand, in case of the Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Solution, the supreme goal of the company is to reduce the probability of event of the possible risk. If the business is not able to leave the occurrence of the threat, it might take procedures for the function of decreasing the negative impact of such risks so that the cost pertaining to the impacts of threat and the loses would be decreased to some degree. Generally, the effects of the Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Help could not be determined in financial terms, so it would be hard for the business to compare the benefit made and cost sustained in it.
The cost required to manage the environment threat is based on the ethical factors to consider rather than state requirement or need by the policy of the company. This in turn, offers the sense of truth that it is one of the unneeded expenditure that is invest by the organization, but it would bring preferable and favorable advantages, thus improve the bottom line of the business in indirect way. It is tough to identify the environment expense due to the reality that it is embedded in the daily operating cost.
Spending money on Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Help
If I would be at place of CEO of Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Analysis, I would be worried that the line supervisors won't spend enough, it is due to the truth that the line management most likely offers the commitment of environment danger management that is lined up with vision and mission of the business. It is significantly essential to verify such commitment and dedication by the level of worker engagement and involvement. Not only this, the Standard Chartered Banks Acquisition Of American Express Bank (A) health and safety function should have a representative at the executive position/ leading management.
It is not the director and the senior manager who plays important function in management of environment risk. The line managers also play fundamental part in the development and the upkeep of the health and wellness within a company. it is crucial to note that the senior supervisors and directors keen on keeping the safe location of work and abiding by health and wellness legislations, the directors and senior supervisors would rely on line managers to keep track of and implement such arrangement, not just this but also serve as a conduit for the safety enhancement ideas and feedback from the employees.
It is considerably important that the line manager should be the people whom the directors and the senior manager would trust and would not want to jeopardize on health and wellness for the function of achieving the specific targets in addition to making themselves look much better at the same time. The line managers ought to invest quantity of loan on Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Solution management. The line supervisors ought to be straight accountable for the protection of the employees within an organization, public and the environment.
In addition to this, the management training that is received by line manager is very important before taking up the role and the training in health and wellness concerns or the environment risk management ought to be consisted of in the tenure of the line supervisors. Not only this, along with the training in management functions and duties and numerous other associated areas consisting of efficient interaction and management, health and safety courses which analyze and lay out the responsibilities of the line managers from the point of view of health and safety need to also be finished.
Quickly, I would be stressed that line supervisors will not invest enough on environment risk management, due to the fact that it is important for the business to reduce its influence on the environment and improve its fundamental. Becoming sustainable and reducing the waste would result in waste, water and energy management savings. Not only this, it would also increase the profit of the business through productivity and performance gains.
Business capture risks
The environment and security guidelines have been executed by the Chevron Research Study and Innovation Center through establishing the Business, (a choice making tool) in discussion with the executives tends to manage downstream as well as upstream operations. The Business supplies support to the supervisors to focus on the projects for the performing them and it also helps supervisors in undertaking the expense advantage analysis.
Frequently, it is not real of the advantages that the expense needed for managing the Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Help tasks can be examined in dollar worths or monetary values. ; in case the advantage comes as a low likelihood of the negative or undesirable occasions, it is not clear that by how much it would be decreased by the Standard Chartered Banks Acquisition Of American Express Bank (A) costs. The level of damage is reduced in other financial investment since of the unfavorable occasion, however the certification of the damage is challenging.
No matter the trouble in answering such queries, Business assist handles in setting priorities for managing the Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Solution. Basically, the Business utilizes spreadsheet method. It tends to use various assessments 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 risk reduction proposal with the information such as preliminary project capital cost, life of task or the length of time during which the advantages would be yielded by job and the occasion's description such as company disturbances, injuries and fire. The input more than likely compare modified and current scenarios.
Considerably, the information is utilized by managers from the qualitative threat ranking metrics that tends to be integrated in the previous threat management procedure phase. The managers also expect the possibility of the unfavorable occasion more accurately in addition to more exactly and the degree of the damage so that the previous qualitative assessments would be supplemented. Suddenly, Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Solution had successfully discovered Business effective tool for measuring the cost associated to the risk management proposals. The company has attempted to measure the benefits through anticipating the total dollar impact of unfavorable event and subtracting the incurred cost.
Recommendations to Keller about Company
After taking into consideration the examination and expediency of Business together with its advantages, it is advised that Keller must implement the decision making tool Business companywide due to the truth that the tool would help the managers to choose which projects need to be taken forts in order to decrease the threat.
It has been used by the supervisors at refinery for the purpose of increasing the returns on financial investment in management of the Standard Chartered Banks Acquisition Of American Express Bank (A) Case Study Analysis. Not just this, it has actually permitted refinery to produce millions dollar worth of danger decrease benefits without any additional expense.
Carrying out Company companywide would yield numerous financial and non-financial advantages to the company as a whole through assisting in discussion about the Standard Chartered Banks Acquisition Of American Express Bank (A) damage and potential customers of the accidents along with about the relative significance and probabilities of the different sort of issues or issues. Notably, it would assist the management of business in identifying the efficient allocation of danger management resources, the use of which would enable the company to increase the total efficiency of financial investment made in the danger management. Furthermore, the company would understand the comparable level of cost savings in relation to the total expense or total possessions throughout the company. Business would make the most of the revenue margins by comparing the anticipated worths of the jobs.
Soon speaking, Keller ought to execute the Company to effectively deal with the environment risk management and designating threat management resources in efficient way, thus increasing the performance of the threat management investment. It would improve the viability and sustainability of the job.
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