Caltex Australia Limited Free-Samples for Students-Myassignment

Question: Write a Report on a Company currently listed on the Australia Stock Exchange [ASX]. Answer: Introduction This is an oil company that has grown from humble beginnings and it has currently become Australias leading company in terms of transport fuels and it supplies almost one third of the entire fuel needs in Australia (RET, p 15). They provide safe and reliable supply of fuel that is of high quality using a flexible supply chain of fuel. This covers a great number of customer segments which may include aviation, agriculture, retailing, automotives, mining etc. close to 85% of this companys stores are operated by franchisees and thus its among the largest in terms of franchisors and retailers (AIP, p 3). Background information The history of this company began many years ago when Ampol which is an all-Australian oil importer was initially listed on the ASX around late 1940s. Refineries were opened by both Caltex and Ampol in the years 1950s and 1960s and these led to a fierce competition between the two companies in the arenas of service station and oil product industries (Smith, p 31). This company i.e. Caltex Australian company deals in oil products and services. All its decisions are made entirely by the board of management present in Australia. The company has close to 3,500 employees distributed and working across the entire country. Business organization Type of business organization This company is publicly listed on the ASX. This is indicated on the website and its where I got the information (https://www.asx.com.au/asx/research/listedCompanies.do?coName=C). This company i.e. Caltex Australian company operates entirely in Australia. The company was incorporated in the late 1960s however it eventually merged up with Ampol in 1995 and since then it has existed as Caltex Australian Company (Warrell, p 4). Location of the business The companys headquarters are in Market street Sydney New South Wales and it has branches in major states in Australia. The distribution network is well rooted in Australia and may include diesel stops, depots, marine facilities etc. each state has a Caltex station and also some of the locations that are remote (Caltex, 2017). Management and leadership Leadership The board of directors is composed of quite experienced leaders and they include Greig Gailey who is a non executive independent chairman. He has extensive experience in the oil industry and hes also well experienced in management duties in the areas of capital and industrial intensive industries (AMWU, p 3). Julian Segal the managing director and has great experience in managing big companies. Trevor Bourne is a non-executive independent director and he also has management experience which is very broad in the capital and industrial industries. Melinda Conrad has experience in strategy and governance. Steven Gregg, Bruce Morgan, Barbra Ward and Penny Winn directors are all experienced in terms of strategic governance and management. SWOT analysis of management The management of this company is composed of experienced leaders whose aim is to ensure the services provided by the company are satisfying to the clients. The managers are elected on professional merit and this is the reason as to why the company has performed well in Australia for decades (Michael, P 21). SWOT analysis table for Caltex Company in Australia Despite being the leading company in provision of oil services in Australia Caltex still has some weaknesses and threats to iron out. However, it thrives on many strengths and opportunities (Caltex, 2017). Strengths Good distribution infrastructure Good team of service provision Good management system and service provision Opportunities Venturing and opening stations in neighboring countries Investing more in current technology for improved services Adopting a 24 hour service provision idea Weaknesses Leaving all the decision to be made by top management Too much work place flexibility may encourage laxity Less focus on gender equality Threats Competition from other oil investors Stealing of oil by scrupulous employees Fluctuations in the forex exchange rates Role of Information and Communication Technology Caltex as a company in Australia has adopted the use of information and technology is ensuring its business keeps up with current trends in the 21st century. It has adopted the use of internet, modern advertisement platforms such as television and app adverts in smart phones to make its services and fuel prices known to its customers (Tilley, p 2). Communication among its managers is of current technology via emails, video conferences Skype etc. Online marketing has been used widely by this company to grow its roots in Australia. For example, recently Caltex chose Fujitsu as the main business technology service provider and the company has done this to ensure that it gives Caltex a competitive advantage that is ongoing (Australian Government, P 126). It does this by delivering innovations and service improvements in all the Caltex stations. It ensures incorporation of technology that is of best practise and couples this with consulting services that are of leading edge technology. Wi th such kind of technology adoption there is no doubt the company will continue commanding a big place in the fuel industry. Conclusion Caltex Company is one of the renowned fuel companies in Australia. The company is best known for good service delivery and it has been a leading company for many years since its inception. Its success is mainly attributed to the good management practises within the top management where people are employed on professional merit. The company leadership also has the interest of its employees at heart and it offers them much flexibility at work thus good service delivery. However, a few weaknesses and strengths as listed above have to be dealt with and rectified for the company to continue leading other investors in the fuel industry. Such challenges include attraction that is indigenous, and also ensuring gender equality. Recommendations The company should work on ensuring gender equality at work place is embraced The company should embrace the culture of involving some employees in the decision making process and not just leave that entirely to the top management. Work flexibility is encouraged in the working environment however some limits should be set so as this freedom does not interfere with service delivery to the clients References Department of Resources, Energy and Tourism (RET), Submission 18, p. 15. Tilley J(2012). AIP, Committee Hansard, Canberra, 30 November 2012, p. 2. Australian Manufacturing Workers Union (AMWU), Submission 7, p. 3. Warrell,A(2012). Mobil Oil, Committee Hansard, Canberra, 30 November 2012, p. 4. Michael P (2012). Shell, Committee Hansard, Canberra, 30 November 2012, p. 21 Smith, G (2012). Caltex, Committee Hansard, Canberra, 30 November 2012, p. 31. AIP (2011). Downstream Petroleum 2011, p. 3. Australian Government (2012). Energy White Paper 2012, Australias energy transformation, p. 126. Caltex, 2017. Retrieved on 27/4/2017 from Caltex: https://www.caltex.com.au/find-a-caltex