Strategic Management and Strategic Competitiveness Essay - 9

Strategic Management and Strategic Competitiveness - Essay Example Having being founded in 1984, the company has extensively invested in geothermal energy under the leadership of John Watson, the current chairman and CEO. Chevron success has not only been based on the product diversification but also due to merger and acquisition strategies that it has adopted. Some of the notable companies that Chevron has acquired include Texaco in 2000, GM Ovonics, Unocal Corporation and ATLAS Energy Incorporation among others. Chevron Corporation is an international company that has established outlets in many countries that includes Angola, Australia, Azerbaijan, Brazil, Cambodia, Liberia, Kuwait, Russia, Thailand, Ukraine and Malaysia among may other countries. In this way, the company has been able to effectively distribute its brands resulting to high sales and sustainable profit. In order to ensure that the company meets the needs of all its stakeholders, Chevron supports diversity while at the same time it fosters inclusion. The company has rich diversity of ideas that has been generated by experienced and skilled workforce. Most importantly, the company has maintained The Chevron Way, which indicates that Chevron learns from and respect the cultures in which it operates. Additionally, the company is committed to being recognized as a global leader that backs its strategies with quantifiable results. During its operations, Chevron undertakes its operations in a way that indicates respect for its emp loyees as well as the world community. One of the company achievements is that it was the first major energy firm to involve sexual orientation in its nondiscriminatory working policies. In 2012, Chevron was honored as the top corporation by Women Business Enterprise National Council due to its ability to provide adequate opportunities to women entrepreneurs. Similarly, the company was recognized in 2012 and was awarded Diversity Leader Award due to it commitment to diversity as well