Pacific oil company case study answers. Case Analysis: Tactics Of The Pacific Oil Company 2022-12-15
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The Pacific Oil Company is a fictional company created for the purposes of this case study. However, there are many real-life oil companies that face similar challenges and opportunities as those described in the case study.
One of the main challenges faced by Pacific Oil is the need to balance the demands of shareholders and stakeholders. Shareholders are interested in maximizing profits, while stakeholders include employees, customers, and the local community, and may be concerned with issues such as environmental sustainability and social responsibility.
One potential solution for Pacific Oil could be to implement a stakeholder management strategy. This could involve setting clear goals and objectives that take into account the interests of all stakeholders, as well as regular communication and consultation with stakeholders to ensure their needs are being met. This could involve things like setting targets for reducing greenhouse gas emissions, investing in renewable energy, and engaging in community development projects.
Another challenge faced by Pacific Oil is the need to adapt to changing market conditions and technological advances. The oil and gas industry is facing increasing competition from renewable energy sources, and companies like Pacific Oil will need to find ways to remain competitive. This could involve investing in research and development to improve the efficiency of their operations and reduce their environmental impact, as well as diversifying their energy portfolio to include a mix of fossil fuels and renewables.
One way that Pacific Oil could address these challenges is by implementing a corporate sustainability strategy. This could involve setting long-term goals for reducing greenhouse gas emissions and increasing the use of renewable energy, as well as implementing operational changes to reduce waste and improve efficiency. In addition, Pacific Oil could consider partnering with organizations that are working to accelerate the transition to a low-carbon economy, such as by supporting research into renewable energy technologies or collaborating on projects to reduce greenhouse gas emissions.
In conclusion, the Pacific Oil Company is faced with a number of challenges and opportunities as it seeks to navigate the changing landscape of the oil and gas industry. By implementing a stakeholder management strategy and a corporate sustainability strategy, Pacific Oil can ensure that it is meeting the needs of its shareholders and stakeholders, while also positioning itself for success in a rapidly evolving market.
Pacific Oil Company Case Study Final blog.sigma-systems.com
The teams utilize different methodologies of negotiation to achieve their desired outcomes. All in all, Fontaine was obliged to resolving certain actions to bring the negotiations to a halt. What action should Fontaine take at the end of the case? Prior to the strike, UPS offered a final contract, but it was rejected by the Teamster Union on August 2. Too many negotiation dates were scheduled they were schedule at an improper pace an improper pace. Answer: I do not think that Fountaine should have called Meredith for a clearance to add thee clauses. Due to their inexperience, Fontaine and Gaudin were not the correct pairing to conduct the renegotiation, as well, they did not have decision making authority. This could be translated to mean they had nothing to lose and they had projected market accurately before availing themselves for the discussion Raiffa, H.
We will start by introducing our concerns with the companies in conflict Pacific Oil Case Study Analysis Pacific Oil Case Study When entering into contract negotiations, the objective of each side is to obtain a contract of greatest benefit to their organization. The case study points out several factors that Pacific Oil Company is trying to achieve in the contract negotiations with Reliant Chemical Third Party Conflict Resolution Paper will study a case that has strong conflicts and we will see how we can analyze the possible intervention strategies used to solve the case. This power is needed to Essay on Pacific Oil Company in their deliberations with Reliant Chemical Company. Well punctuated and grammar checked. Transocean, a well-known drilling company, was hired by BP to take care of the drilling of the Horizon rig. Pacific volunteered their weakness wanting to reopen a contract that was already in their favor. The longer time frame is enough to be affected by market dynamics Lewicki, R.
In addition, workers stipulated higher wages. Pacific Oil took a year trying to come to a conclusion. What were the events that transpired, beginning in January of 1975? February of 2010, - The introduction of the Horizon well was brought about and drilling resumed. Due to the rarity of the product in 1979, Pacific Oil was able to enter into a major contract with a company called, Reliant Corp. . In total, roughly 4.
They were overconfident and ill prepared and did not manage the adroit negotiation tactics the other party employed. Negotiations are the same whether you are negotiating over fantasy football or a multi-million dollar contract. Answer: Fontaine's or Gaudin's had good bargaining techniques. How effectively did Fontaine and Gaudin approach the negotiation? For a few months, the Washington Post published advance notes related with the judicial investigations and Senate. The situation was centered on two main issues—increase the number of part-time workers and control over the UPS pension funds.
Pacific Oil Case Study Questions And Sample Answers
In the negotiations, the company aimed at changing the surplus of Vinyl Chloride in the market so as Pacific Oil Company can gain enough market share to produce and sell their Polyvinyl Chloride Lewicki, 1993. Also, Pacific senior leaders delayed their decision to expand into PVC products, over a year. Adding to the already stressful situation, the prospect of losing Reliant as a consistent client prosed a potential major issue, especially relating to supply as it would be difficult to identify another client to fill the former demand level. They made numerous concessions over a two year process and were left in a risky position without a signed contract. Agent Soon after, President George H. This delay extended the negotiation timeline.
Try to look at obstacle that they would likely encounter. These two journalists published on August of 1972 the news that the attempted theft in Democratic headquarters the Watergate building had been paid with funds from CREEP. As a result, Jean who represented the Pacific Oil Company failed to effectively research on the demands of the Reliant Chemicals Company as well as project precisely what the outcome might be. Lewicki chronicled this case in Lewicki, Saunders, and Barry 2010, pp. Pacific Oil just expected that Reliant Chemical would stay with them because of their long relationship but this was not the case and this should never be expected because most of the time people are looking out for themselves, so you can expect someone or a company to.
They had to contact senior level management in order to reach a final agreement. The case study did a very good job at pointing out a lot of examples of how Pacific Oil Company tried to achieve the negotiations of the contract. Additionally, Pacific Oil Company had not organizedsufficiently to address future distresses and did not applied comprehensivearbitration strategy that included best alternative as well as eventuality plan. Supreme Court later confirmed in 1988, that they would raise the settlement of 180 million to 240 million. One of the major chemical lines of Pacific's is the production of vinyl chloride monomer VCM. What come out clearly during the first negotiation was that Pacific Oil Company overlooked the need to formulate the best alternative as well as bottom line in advances.
However, if Pacific Oil decided to further diversify its product Week 3 Case Study Pacific Oil Company Essay The case study on Pacific Oil Company shows from beginning to end the role of power in the outcome of a negotiation. However, after negotiation was completed and The shifting from high demand of VCM products to excessive supply was occasion by immenseimproved in global manufacturing abilities for VCM. On August 4, 1997, 185,000 UPS workers, who served as members of the International Brotherhood of Teamsters or the Teamsters Union walked out on the company led by Teamster reformer Ron Carey, President of the labor union. Pacific was not willing to walk away from Relient which I felt they had unreasonable request. Going into these meetings prepared for anything is the way to approach it.
The Pacific Oil Company encountered a spectrum of obstacles as it tried to reopen negotiations with the Reliant Chemical Company. Department of Minerals Management Service MMS in case of blowout, which in the report, contained inconsistencies and illogical statements. This caused that the newspaper was found under extreme pressure. After the Iranian upset in 1979, when America bolstered Iraq in the eight year war, the doubt of the West was… Engineering Ethics: BP Oil Spill Despite continued efforts, the well leaked until July 15, 87 days since it began, at extraordinarily high rates. The success of Petrobras in the 2000s created an environment of invisibility causing top executives and government agents to not check the books.
Sherron Watkins blew the whistle on Enron in 2001 by sending a memo to Kenneth Lay, the founder of Enron, giving caution she knew the company was at a great risk of finding themselves in a dilemma. Has plenty of grammar mistakes and does not meet the quality standards needed. However, what was not taken in to consideration by Pacific Oil, was the fact that there were other companies who had begun to develop their own capabilities to produce the VCM. This is called artificial pressure. During the negotiation process, Pacific Oil Company failed to anticipate for increasing manufacturing capacities due to the emerging manufacturers of VCM in the world. Answer: Fontaine and Gaudin were inadequately prepared to negotiate. By 1982, Pacific Oil and Reliant had renegotiated the original contract and extended it another four years with no specific changes to the original contract.
