This report answers the Management Concepts Assignment for the case study of BHP Billiton. In this assignment report mission, vision, strategy of company has been described. It is a well-known Anglo-Australian MNC of metals, mining, and ogpetroleum
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Management Concepts Assignment
The company is a largest international resources company. The main purpose of the company is to create the long-run values of shareholders via the acquisition, discovery, marketing, and development of natural resources.
The company’s portfolio diversification lasts to be the organization’s defined attribute.
The corporate business strategy of the organization is followed by operating and owning assets expanded by geography, commodity and market.
The most important aspect of the company is nothing but the society. The company belongs to the community in which it is operating and striving to give an active and positive participation.
In the UK, the production unit of oil and gas can be seen along with the corporate office. The location of the corporate office is the North Sea and the Irish Sea in the United Kingdom. The location of the corporate office is Neat House Place, London, UK. Next location can be seen in Algeria.
The competition implies to the companies of a similar number of competitive commodity brands, capitalizations and size in this natural resource company.
Another important factor is government policies which can affect the business process. The policies of government refer to some legal aspects and laws that will guild the land.
CSR or Corporate Social Responsibility basically refers to a practice of business which includes the participation in the beneficial incentives of the society.
Business ethics is commonly known as corporate ethics which is basically a state of professional ethics or applied ethics that evaluates the raised ethical norms and moral problems in a corporate circumstance.
From the personal insight quiz, I got my score 26. It implies that I prefer the flexible, humanistic, informal and innovative culture. I felt that the self-assessment is really accurate as it gives the appropriate result in which I will be comfortable Personal Insight, 2012.
It is discussed that the mixture of formal and informal culture has been followed by the BHP Billiton. The company has celebrated different festivals, has arranged cultural programs and events. In Chile, the company aimed to enhance the access of the community to high-quality cultural activities as well as to foster decentralization culturally through innovation in the project related tasks.