discussion question for business 450 and reply to classmates discussion
Discussion-
Go to the company websites for ExxonMobile ( exxonmobile.com ) and Pfizer ( www.pfizer.com/investors ) to find some examples of strategic and financial objectives. Make a list of two objectives for each company and indicate which of these are strategic and which are financial.
Please write a reply to classmates discussion for the same discussion. Here is my classmates discussion answer:
Good Evening Class,
Exxon has many strategic and financial objectives listed on their website www.exxonmobile.com (Links to an external site.)I chose one strategic objective and one financial objective. Mitigating Greenhouse Gasses in operations is a strategic objective, Exxon is looking to reduce emissions and they have developed a three-part strategic plan to help them achieve their goal. Their plan incorporates short, medium, and long-term goals that are intended to keep the company aligned with their mission and value statements. Exxon’s strategic objectives are closely aligned with their financial strategies. One of Exxon’s financial strategies is to become more energy efficient. Exxon plans to reduce emissions to create a savings. “Energy utilized in our operations generates more than 80% of our direct greenhouse gas emissions and is one of our largest operating cost.†www.exxonmobile.com (Links to an external site.). Exxon continues their commitment to reducing greenhouse gasses and creating savings for the company and moving them in the direction of long term success.
Pfizer has a myriad of strategic and financial objectives listed on their website www.pfizer.com/investors (Links to an external site.). Pfizer uses the term “strategic imperatives to describe both financial and strategic options. One strategic objective is to “innovate and leadâ€. Pfizer long term plan is to continually innovate through research and development and maintain a strong reputation as a leader in the pharmaceutical industry. They plan on doing this by building a culture that fosters ownership and opportunity. A financial objective for Pfizer is to maximize the companies value. The path to maximizing the companies value is through smart investments and solid management techniques. Pfizer website states “Invest and allocate our resources in ways that create the greatest long-term returns for our shareholders†https://investors.pfizer.com/why-invest-our-story/default.aspx (Links to an external site.)..
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