Case Study 5

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Northwestern University *

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120

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Management

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Apr 3, 2024

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Uploaded by asha342

Case Study 1. How should managers think about the environment as part of their decision-making? How much should it matter and how should it be incorporated? - The environment should be a key consideration for managers when making decisions. The reputation of a company, its financial performance, and the welfare of the communities where it operates can all be significantly impacted by environmental factors. Managers can discover opportunities to mitigate environmental hazards and create sustainable business practices that are advantageous to the firm and the environment by incorporating environmental factors into decision-making. Managers should have a solid awareness of the pertinent laws and regulations as well as the potential environmental effects of their activities to ensure that environmental issues are effectively covered. 2. If ExxonMobil is truly committed to the environment, should they be drilling for oil here or should they leave? For those who say they should leave, where else is it OK to drill for oil? For those who say stay, is there anywhere that ExxonMobil should not drill for oil? - ExxonMobil's decision to drill for oil in a given area is based on a number of variables, including the operation's effect on the environment, the project's economic viability, and any potential effects on nearby communities. ExxonMobil should prioritize sustainable business practices and take into account both the potential environmental effects of their activities as well as the social and economic effects on nearby communities if they are serious about protecting the environment. ExxonMobil should take precautions to reduce environmental damage and make sure that local communities are fairly paid for any adverse effects on their way of life if drilling for oil is judged unavoidable. 3. What are the biggest opportunities and risks for the company? - One of the largest oil and gas companies in the world, ExxonMobil, sees the biggest opportunities in the potential to increase oil production and exploration, particularly in areas where there is a high demand for energy resources. This could result in significant revenue growth and long-term profitability. The company may incur significant financial and reputational costs as a result of these risks, which also include potential environmental harm from oil exploration and production activities, bad press as a result of the company's affiliation with the fossil fuel sector, and regulatory and legal challenges related to environmental issues. 4. Strategically, what is at stake for the firm and its future operations? How important is it for them to earn recognition for being environmentally responsible? - ExxonMobil's reputation and brand image are strategically at stake. Future business operations of the corporation depend on its capacity to adjust to shifting market conditions, including rising demand for renewable energy sources and rising environmental awareness. Therefore, it is essential for the firm to be acknowledged for its dedication to sustainable business practices, including environmental responsibility.

5. How much does it matter that someone else is likely to partner with the Chad government and develop this oil to your decision here? Especially if they are likely to do a worse job on the environmental issues, does that impact your thinking and if so, how much? - ExxonMobil's decision-making process shouldn't necessarily be influenced by potential measures taken by other companies or partners. Yet, ExxonMobil could think about taking the lead and setting an example for ethical corporate conduct if another corporation is most likely to do poorly on environmental issues. 6. Do you “own the ethics” of your business partners? Will ExxonMobil end up suffering for being associated with this government and be seen as supporting its activities? - ExxonMobil will ultimately be held accountable for any bad environmental effects or unethical activity connected with its operations, despite the fact that it has no influence over the actions of its commercial partners or governmental organizations. As a result, ExxonMobil needs to thoroughly evaluate its partners and take action to prevent any harm to its reputation. 7. Make the case and vote to stay and invest, or leave and make the best arguments for your side. - The decision of whether to invest further or withdraw is difficult and is influenced by a number of variables, such as the project's economic viability, the potential environmental impact, and the effects on nearby populations. ExxonMobil should prioritize sustainable business practices and take steps to reduce the environmental impact of its activities if the corporation is serious about protecting the environment. If this is not practicable, the business may want to abandon the project.

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