Growth Strategies Of Top 10 Fortune 500
2) ExxonMobil:
Exxon Mobil is an American multinational oil and gas corporation headquartered in Irving, Texas, United States. The world's largest company by revenue, ExxonMobil is also the second largest publicly traded company by market capitalization. Its ranking was #2 on the list of fortune 500 companies-2014.
ExxonMobil’s entrance in the market of Qatar is basically a diversification strategy. Tapping into new markets and new products is indicative of this. They are setting up 4 Liquefied Natural Gas (LNG) plants in Qatar. Moreover ExxonMobil is tapping into the resource of Floating Liquefied Natural Gas (FLNG) which is an innovative technology,thus indicating that it is adopting the product development strategy by introducing a new product to existing market.
3) Chevron:
Chevron Corporation is an American multinational energy corporation. Headquartered in San Ramon, California, and active in more than 180 countries, it is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world's largest oil companies; as of 2013, it ranked third in the Fortune Global 500-2014 list of the world's largest companies.
Chevron is unlocking the potential of solar energy and taping into new sources of hydrocarbons like oil sands and shale gas thus representing that it is adopting the product development strategy by introducing a new product in existing market.
4) Berkshire Hathaway:
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States that oversees and manages a number of subsidiary companies. In the list of fortune 500 companies of 2014, Berkshire Hathaway was ranked #4 on the list.
Berkshire Hathaway has acquired a number of businesses ranging from insurance to bricks to furniture stores and jewelry. During its history of
Exxon Mobil is an American multinational oil and gas corporation headquartered in Irving, Texas, United States. The world's largest company by revenue, ExxonMobil is also the second largest publicly traded company by market capitalization. Its ranking was #2 on the list of fortune 500 companies-2014.
ExxonMobil’s entrance in the market of Qatar is basically a diversification strategy. Tapping into new markets and new products is indicative of this. They are setting up 4 Liquefied Natural Gas (LNG) plants in Qatar. Moreover ExxonMobil is tapping into the resource of Floating Liquefied Natural Gas (FLNG) which is an innovative technology,thus indicating that it is adopting the product development strategy by introducing a new product to existing market.
3) Chevron:
Chevron Corporation is an American multinational energy corporation. Headquartered in San Ramon, California, and active in more than 180 countries, it is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world's largest oil companies; as of 2013, it ranked third in the Fortune Global 500-2014 list of the world's largest companies.
Chevron is unlocking the potential of solar energy and taping into new sources of hydrocarbons like oil sands and shale gas thus representing that it is adopting the product development strategy by introducing a new product in existing market.
4) Berkshire Hathaway:
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States that oversees and manages a number of subsidiary companies. In the list of fortune 500 companies of 2014, Berkshire Hathaway was ranked #4 on the list.
Berkshire Hathaway has acquired a number of businesses ranging from insurance to bricks to furniture stores and jewelry. During its history of