For my analysis of a company, I wanted to examine a company that I have a personal interest in researching. One of the concerns I have had with this company that I am interested in is whether they believe the things they advertise about their company. I am talking about the world’s leading supplier of oil and gas; (also one of the largest companies in the world), ExxonMobil. ExxonMobil has been coming to Bucknell’s Career Fair for many years, and in the past two years I have talked to Bucknell Alumni representatives about their experience with the company.
What have I come to find? Well, ExxonMobil definitely has a very impressive list of employee benefits, community service opportunities, and they encourage growth through continued education, and a balanced work lifestyle. Although I’m sure that ExxonMobil has these opportunities as well as many others, I am also aware that ExxonMobil’s work environment can be described by many as “competitive” and could easily dominate one’s life. I decided that I would look to a few sources to verify information regarding the inner workings and how it affects ExxonMobil’s stakeholders
I started by searching through the 460 Reviews of ExxonMobil on http://www.glassdoor.com/Reviews/ExxonMobil-Reviews-E237.htm. After reading only a few pages of reviews I noticed a reoccuring theme. Many of the reviews of the company openly criticize the competitive “ranking” system that Exxon uses to determine which workers are allowed more freedom to move and grow within the company. Overall, I was surprised that many ratings were very high despite mentioning how hard it can be to achieve a good work-life balance, etc. There were also many positive reviews about a range of the positive things that I had mentioned earlier. After reading various perspectives on the employee stakeholder group I have concluded that ExxonMobil is managed in a very organized, hierarchical structure that can appeal to those who want a competitive lifestyle with the rewards being great career opportunities, benefits, and the ability to make a huge impact. I am personally unsure if the lifestyle is right for me, but it is evident that those who enjoy the internship experience go on to working very long careers at ExxonMobil and enjoying it very much. “Does having beanbags and cafeterias and ping-pong tables for employees lead to better stakeholder outcomes?” No, of course not. I think that each stakeholder group is different and ExxonMobil knows its employees and treats them how they would like to be treated. I also believe that Ed Freeman’s technique of “understanding your stakeholders” could offer valuable insight into what it does take to encourage stakeholders to reach better outcomes.
The second stakeholder concern I have with ExxonMobil is the policy they currently have regarding the environment. During their info session last week they discussed their corporate strategy on tackling environment issues. It was made clear that they have no intention of becoming a leader of spurring a change towards renewable energy sources; not a big surprise considering a majority of their profits comes from their oil and gas production. However, they have made it clear that they are following the energy industry closely (probably closer than any other company in the world), and have very detailed plans for how they will adapt to the dynamic industry. They have projected to have larger investments into renewable energy sources than the industry average, but somehow this does not seem like enough. In the position of power that ExxonMobil is in they could make a huge change, but I don’t see that happening. It seems that they plan on continuing to be the industry leader by leading the current leading energy sources. I can’t say they aren’t ethical though, because they are very transparent about their strategy and it just does not put the environment at the top of its priority list. From a bulletpoint found on their website’s Environment tab….
- Let market prices drive the selection of solutions