Assignment 2 Challenges in the Global Business Environment
Jerald V. Jones
Professor Margaret Parrish
May 29, 2014
Specify, in brief, the nature, structure, types of products or service of the business you selected. Examine the information within the company’s code of ethical conduct, and choose three (3) key issues from within the document that you believe are critical for success. Provide rationale for the response.
In 1911 the Standard Oil of California, or SoCal was formed amid the antitrust breakup of John D. Rockefeller’s Standard Oil Company. In 1984 the Standard Oil of California and Gulf Oil merged. It was the largest merger in history at the time. Under the antitrust regulation, SoCal divested many of …show more content…
On the issue of bribery, both ConocoPhillips and ExxonMobil by comparison were committed to compliance with regulations. In contrast, both had internal controls in place and functioning.
Examine the extent to which the two (2) similar companies you researched have addressed the key issues you selected. Hypothesize two (2) potential positive outcomes for each company if each addresses the key issues in question and two (2) potential adverse effects if each company fails to address these issues.
If ConocoPhillips and ExxonMobil addresses the issues of human rights policies, discrimination and bribery the positive outcomes would be competitive advantage in the industry and marketplace and a more comprehensive systems approach in regards to global sustainability, since industrial, social, and ecological systems are closely linked.
If ConocoPhillips and ExxonMobil do not address the issues of human rights policies, discrimination, and bribery the potential adverse effects will have a tremendous impact on stakeholder engagement and labor issues. Since all these issues foster an environment of trust and mutual respect among stakeholders, it will have