MGT576_Wk1_Organizational_Strengths_Weaknesses_&_Innovation_Iwaszewski

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MGT/576

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Apr 3, 2024

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1 Entrepreneurial Strengths and Actions to Increase Value Creation Eva Iwaszewski MGT/576 – Opportunity Evaluation and Value Creation Dr. Louay Chebib November 20, 2023
2 Company name: Chevron Company website URL:  https://www.chevron.com/ 3 to 5 entrepreneurial strengths of the company (90 – 175 words)     Chevron is a Top Tier brand in the USA, Canada, and Mexico. Top-Tier-rated gasoline brands contain added detergents that are higher than the specified amounts by the EPA. This results in a cleaner engine and improved performance in general, including output and fuel economy. Chevron offers diversified operations. It operates in various aspects of the energy industry, including exploration, production, refining, and marketing of petroleum products. This diversification helps to mitigate the impact of volatility in any one sector of the industry. Many of Chevron’s strengths are that they have strong positive employee attitudes, excellent customer service, a large market share, they promote personal relationships with their customers, leadership in product innovation, they are highly efficient, low-cost manufacturing, and high integrity. Major elements of the company’s approach to entrepreneurship and value creation (175 words)    Chevron presents their value creation within a representation of several key elements, which include innovation, customer focus, and sustainability. These value creations will represent a scale and it will fall into their own separate categories: functional, emotional, life-changing, and social impact. Chevron believes in using value creation and has transcended conventional profit generation by encompassing the holistic enhancement of their customer experiences, overall societal well-being, and long-term sustainability. Chevron’s entrepreneurship and value creation shape has been a successful enterprise, prosperous and progressive global economy.   By keeping their personal, professional, and social values balanced, they will continue to grow
3 Company name: Chevron their business. The more actively they work on improving their personal, professional and social values together, the quicker the results will be evident. Chevron through media actions and to their customers that they will make energy and global supply chains more sustainable, helping industries and customers who use our products advance a lower carbon world. Meeting rising expectations demands performance and accountability at the highest level. Their goal is to deliver industry-leading results. 1 action the company could take to increase entrepreneurial value creation. One action that Chevron could take to increase entrepreneurial value creation is offering their employees the education and the opportunity to become Chevron Franchise owners. This will not only inspire them to become much better employees but will give them hope for a more prosperous future and in turn they will be loyal and trustworthy employees. When an employee feels a sense of value and ownership, it allows them a sense of self-worth and they feel that the company cares for them and cares for their future. They will inspire new hires and promote the company’s mission, vision, and values. References:    Saeed Al Hasan, PMP, M. (2023, September 4).  Chevron Corp Strategy: Net Worth $30679B - American Petroleum Refineries Strategy & Business Model . Product X10 Product Management Tips Daily newsletter. Chevron Corp Strategy: Net Worth $306.79B - American Petroleum ... linkedin.com https://www.linkedin.com › pulse › chevron-corp-strateg.   The Strategy Story. (2023, November 11).  Chevron SWOT Analysis .  https://thestrategystory.com/blog/chevron-swot-analysis/  
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