Description
Solution
2.0 Strategy Relationship with Corporate, Business and Functional Structures
For modern entities, strategy anchor entire decisions which need to be made and integrated to the organisation operations. The rationale of this is what CIPS (2022) identify as inappropriate strategy affecting success of staff in their operations. In line with figure 2 summary, a strategy can be categorised into corporate, business and functional.
Figure 2:Organisations Strategy Pyramid
2.1 Occidental of Oman Organisation Structure
The importance of evaluating an organisation structure is to manage people and departments holistically, flexible and an autonomous people practices (CIPS, 2022a). In figure 3 organisation structure, by use of functional organisation structure, they are able to ensure that their different departments work in collaboration to achieve their intended goals.
Figure 3:Occidental of Oman Organisation Structure
For Oxy organisation, corporate objectives are to ensure right assets are in the hands of remarkable people guided by passion of outperforming. In Oxy (2022), their operations border from profits acquisition to establishing viable, cost-efficient strategy to limit the challenges with energy and protect their environment for their future populations. In this regard, for Oxy flat structure, they clearly stipulate staff roles in their organisation. This is with elimination of many management levels therefore having an improved coordination and engagement. Further, Oxy management capitalise on efficient decision making with entire costs of operation reduced considering Middle-Level Management is eliminated.
Further, the corporate aim of Oxy is to ensure sustainable energy is accessed by their clients. This is while assuring affordable and sustainable operations in their different markets globally. The organisation mission is driving change to achieve an appropriate, green future through quality installing energy technologies both in the companies locations and also individual homes. Therefore, in line with Nwachukwu and Vu (2020) recommendation, strategic aim is important for ensuring their alignment with their mission and vision. Considering Oxy company, the importance of their strategy is establishing a roadmap to inform and guide success in navigating on mission and strategies set.
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- In this assessment, by selecting Oman Liquefied Natural Gas LLC (Oman LNG), contractual terms for identifying the distribution of power and risk between the supplier and the organisation has been pursued.
- In the different areas which have been focused on for evaluation making the contract, it is evident that there are areas where risk and power is distributed to either party.
- There is no dominant stakeholders assuming exclusive risk or power of the contract.
- Further, the findings in this assessment has identified the distribution of risks and power in the contract as being informed by the scale, diversified level and core feature of the contract implementation.