Leadership is defined by Merriam-Webster (n.d.) as a “capacity to lead”. This concise yet inexact definition demonstrates an inherent debate of what exactly leadership is, moreover the concept of what makes someone a good or bad leader. People’s interpretations of what makes someone a leader varies from person to person based on their own philosophical outlook. My philosophy on leadership leans heavily on Jocko Willink’s and Leif Babin’s book Extreme Ownership. Quoting Willink & Babin (2015), “… leadership requires finding the equilibrium in the dichotomy of many seemingly contradictory qualities between one extreme and another” (p. 274). Some of the contradictory qualities in the book I agree with the most include taking ownership while empowering subordinates, being attentive to details but not being obsessed, and being aggressive but not overbearing.
John D. Rockefeller lived a long and prosperous life, becoming the richest man to ever live even today. Rockefeller started out by investing in an oil refinery located in cleveland, Ohio. He eventually founded his own oil company called Standard Oil. His business methods were debatable, however, with critics saying he is unethical in his practices. Standard Oil was eventually found guilty of breaking anti-trust laws. He was also the first person to create a monopoly which he succeeded in since he controlled 90% of the refineries and pipelines in the United States. John D. Rockefeller was very influential to history. His company was one of the major reasons why the U.S. government established more anti-trust
In developing this paper on leadership, I examined what was most important to me as a leader. As I reflected on my leadership philosophy, I thought about my experiences and the principals that I have learned through my own self-discovery and the observation of other leaders that I have had throughout my life. My leadership philosophy paper will focus on what leadership is to me, core values, and knowledge of others.
Focusing on its core competencies—strong R&D platform, vertical integration, product diversification, economies of scale, disciplined approach to investment and cost management, and operations excellence— Exxon satisfies various consumer needs and maximizes its shareholder value. Business-level strategies enable Exxon to provide value to customers and gain a competitive advantage by exploiting core competencies in all the aspects of Oil & Gas value chain ranging from crude oil and natural gas production to refining the oil and gas, transportation, marketing of petroleum products, and trading of products. Current position as the world’s leading oil & gas company, Exxon is a major player in the conversion of hydrocarbons
Leadership has been defined in a variety of ways, there are multiple authors and theorists who have tried to define and understand leadership, all leading to varying theories and conclusions, but one thing that is universally understood is the importance of effective leadership and how someone with good leadership skills can impact so many people around them. (Kakabadse and Kakabadse, 1999; Yukl, 2002; Northouse,2013)
Most companies have their downfalls throughout their history that are either due to natural causes, or due to poor management. The Exxon Valdez oil spill is no exception to this. This particular oil spill has had Exxon Valdez oil spill was an environmental catastrophe that caused lasting effects on the Exxon company, environment and the people who live and depend on the prosperity of the area. On March 24, 1989 the Exxon Valdez tanker loaded with oil entered Prince William Sound, Alaska. Joe Hazelwood was in charge of piloting the 986-foot vessel. The internal events that prior to the spill aren’t exactly clear but what was clear was that people who were put in charge for the Exxon Valdez tanker were negligent. The vessel had traveled outside
Leadership is the ability to guide others without force into a direction or decision that leaves them still feeling empowered and accomplished. I found this ability within myself at a very young age. Growing up I was constantly surrounded by leaders, people who had no fear in taking the first step in the right direction. My mother was a leader when she got diagnosed with Breast Cancer, and beat it a year later. My Father was a leader when he started his own successful marketing business in the small town of Columbia. So, being surrounded by leading figures, as I got older I found an urge to do a leader-like act on my own. That is when my grandmother and I had the great idea to raise money for my Brothers school, The Hope Institute in Springfield,
Justin Reed James Pappas MGNT 3013 69741 Final Long Paper B November 11, 2017 Devon Energy is an innovative independent energy company which engages in exploration, development and production of oil and natural gas. Devon was founded in 1971 by John Nichols and his son, Larry. Devon became public in 1988 and expanded through mergers and acquisitions. In 2008, the company built a tower in Oklahoma City and moved their office from Downtown Houston to that tower in Oklahoma City. In 1992 the acquisition of Hondo Oil & Gas for 122 million which sets in motion of major acquisitions for years to come. In 1999, Devon acquires PennzEnergy Company which establishes Devon as a significant offshore Gulf of Mexico Operator. In 2000, Devon merged with Santa Fe Snyder Corporation creating a top five
What is leadership? Leadership is defined as the power or ability to lead other people. What is a leader? A leader is a person whom other people follow in order to reach their desired goal. How have I been a leader to others? Sometimes I find it hard to take the leadership roles that I am offered. The thing is I’m afraid of failing, but then again who isn’t. Most people would not describe me as a leader, but I try lead in my own way.
Before you are a leader, success is all about growing yourself. When you become a leader success is all about growing others. (Jack Welch) What leadership means to me is the action of leading a group of people or an organization. To me being a good leader means to speak up when you see something wrong or try to stop them if you can.
Private Oil Companies operating in exploration and production: Solely dedicated in the process of exploring and refining of the oil and gas, contributing to the major player’s strength. They are usually off shoots of the super majors. (ENI
Leadership, a controversial concept, has been studied for centuries. Scholars who study leadership have argued with the insight of leadership for many decades and finally promote a wide range of understandings of it.
In 2010, the Deepwater Horizon oil platform spit nearly five million barrels of oil into the Gulf of Mexico, making it the largest oil spill in history. The 1989 oil spill surpassed Exxon Valdez's oil spill in 1989 as the largest oil spill ever seen in US-controlled waters and the Ixtoc I oil spill of 1979 as the largest oil spill in the Gulf of Mexico. On April 20, 2010, Deepwater Horizon, an ultra-deepwater offshore rig, exploded in the Gulf of Mexico about 41 miles off the coast of Louisiana, killing 11 riggers and injuring 17 others. The fire burned for 36 hours and the Macondo Prospect delivered about 4.9 million barrels of oil before being closed and sealed on 15 July almost three months later. The oil spill in the
Few events that happened in the past have led to creating a bad image of ExxonMobil in the minds of the common people. A few of those incidents include the very recent and extremely huge spill Exxon Valdez disaster of 1989, which causes irreparable damage and took years to recover, and total recovery was never possible.
At the present competitive world leadership is a dynamic process where influencing others is the most important issues. That’s why exercising power is one of the most important issue to be a charismatic leader and this power doesn’t come automatically it comes after advocating other fellow members. Here, one thing is most important to remind that the power should be imposed and exercise within the worth and boundaries of the leaders. However organization’s culture, its mission, vision, short-term strategies all these reform the leadership process.