This company is a huge organizations operating in many countries across the spectrum. Threats for the company are environmental policies, governmental rules, cost of production and financial uncertainty sin the market. They also need to ensure that their policies do not affect their environment. Lower cost green technology will ensure that they would sustain for many more decades. The initial infrastructural set up for the company will be high but nevertheless it will be reduced in the future and there will be more profits garnered in the future. It has been suggested that the company shift its focus to renewable energy sources and focus on newer methods of production with little carbon footprints to sustain in the future.
The most important facet for the running of this company is developing the cognitive competency. It has been found that the most important competency that the company requires is identifying problems and creating solutions. This company is involved with the fossil fuel and considering the fact that the fossil fuels will be depleted in a few decades they need to rely on alternative sources and find many more strategies in lieu of this ideology ( Reeves, Haanaes and Sinha, 2015). For this, the company need to be developing cognitive competency that is based on their strategic principles. For this, the company should identify the problems, find solutions, asses’ risks and have innovative decision making.
For this, the employees must be given basic training and mentoring. They should be able to evaluate the employees and their performances. It is important to advice and creates disciplines for the same.
It has been found that the CEO of the company is moving towards an agile style of management. There has been discussions to change the direction of the company from its current mechanistic organizational structure to a more organic structure (Reeves, Haanaes and Sinha, 2015).. There is a learning environment for the employees that have been appreciated by many analysts across the spectrum.
It appropriates to the organization and its goals and the industry. They are focussing on reducing the environmental impact but there should be more such .
Major strength of this management style is the important given to the employees working in Australia and UK. There is also an importance given to the dynamic leadership style and the company has an established infrastructure and is a noted name in the business. The CEO has managed to garner a good reputation for himself in this process. These are some of the appropriate objectives for the company.
There have been complaints in the past about how the company treats its employee. Company and its off shore operations in Chile and in other oil rich resources has been under scrutiny in the past. This implementation of the policy should be spread across all the countries. There should be more alignment towards the local cultures while the company should also provide more autonomy for the workers.