corporation’s creation it has risen in the ranks and become one of the largest oil providers in the country. ConocoPhillips was created on August 30‚ 2002 through the merger of Conoco‚ Inc. and Phillips Petroleum Company. It is currently headquartered in Houston‚ Texas and has become an extremely influential and competitive international energy corporation since its founding. In fact‚ ConocoPhillips is one of six “supermajor” vertically integrated oil companies along with ExxonMobil‚ Royal Dutch Shell
Premium Petroleum
international‚ integrated energy company with thousands of job sites (often quite remote) spread across 30 countries‚ the challenge of sharing knowledge was very real — and the potential payoff was large. Facing fierce competition on all fronts‚ ConocoPhillips knew that to continue on its success trajectory‚ it needed to rapidly and effectively harness the knowledge of its highly skilled but geographically distributed workforce. Instead of assuming that technology either was the solution or was irrelevant
Premium Knowledge management Knowledge
Categories of corporate restructuring Corporate Restructuring entails a range of activities including financial restructuring and organization restructuring. 1. Financial Restructuring Financial restructuring is the reorganization of the financial assets and liabilities of a corporation in order to create the most beneficial financial environment for the company. The process of financial restructuring is often associated with corporate restructuring‚ in that restructuring the general function and
Premium Management Corporation
Corporate Restructuring is the corporate management term for the act of reorganizing the legal‚ ownership‚ operational‚ or other structures of a company for the purpose of making it more profitable‚ or better organized for its present needs. Alternate reasons for restructuring include a change of ownership or ownership structure‚ demerger‚ or a response to a crisis such as positioning the company to be more competitive‚ survive a currently adverse economic climate‚ or poise the corporation to move
Premium Management Corporation
government decided to take measures to support JAL restructuring. According to the video (Buerk‚ 2010)‚ influence by the bankruptcy‚ many staffs of JAL are to be dismissed‚ and the company ’s retirees agreed to cuts their pensions to support the company. The review of McCurry (2010)‚ during the restructuring JAL will continue its operations. The Enterprise Turnaround Initiative Corporation (ETIC) will provide finance support to JAL. While‚ the restructuring require to lay-off 15‚700 people and cut more
Premium Government of Japan Bankruptcy Retirement
ABHINAV NATIONAL MONTHLY REFEREED JOURNAL OF REASEARCH IN COMMERCE & MANAGEMENT www.abhinavjournal.com CORPORATE DEBT RESTRUCTURING: CONCEPT‚ ASSESSMENT AND EMERGING ISSUES C.S.Balasubramaniam Professor‚ Babasaheb Gawde Institute of Management Studies‚ Mumbai Email: balacs2001@yahoo.co.in ABSTRACT Corporate Debt Restructuring (CDR) has been used by the companies while facing ugly finances and the bankers willing to consider a flexible mechanism such as CDR‚ as the banks /financial institutions
Premium Debt Finance Bankruptcy
To what extent does a mature and cyclical product market drive corporate restructuring? Use an extended example to discuss whether restructuring transforms market and financial performance. An organization which is operating in a mature market means that the product does not have the scope to grow anymore. The product has reached its peak‚ with no prospects to increase‚ as the product is has become most popular in the market and no one else will be willing to buy it. A cyclical market is one which
Premium Management Finance Bankruptcy
apan-based electronics and communications company‚ Sony Corporation‚ was subjected to a spate of restructuring exercises since 1994 to improve the financial performance and competitiveness of the company. With the initial efforts to restructure the company not yielding results‚ Sony went in for a revamp of the top management in 2000. The efforts by the top management in organizational restructuring failed to put Sony back on the growth track. At this juncture‚ in 2005‚ Howard Stringer became the
Premium Sony Consumer electronics 2009
MARRIOTT RESTRUCTURING A Written Analysis of a Case by Lloyd Ty Brief Synopsis of Data On October 5‚ 1992‚ Marriott Corporation announced their plan to restructure the company by splitting itself into two separate companies. The first of the two companies‚ Marriott International (MI)‚ would manage and franchise over 700 hotels and motels. In addition‚ it would manage food and facilities for several thousand businesses‚ schools‚ retirement homes and health-care providers. On the other hand‚ Host
Premium Stock Finance Marriott International
NBER WORKING PAPER SERIES HOLDOUTS IN SOVEREIGN DEBT RESTRUCTURING: A THEORY OF NEGOTIATION IN A WEAK CONTRACTUAL ENVIRONMENT Rohan Pitchford Mark L. J. Wright Working Paper 16632 http://www.nber.org/papers/w16632 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 December 2010 While all errors are our own‚ we thank Rui Esteves‚ Daniel Klerman‚ Lee Ohanian‚ Christoph Trebesch‚ the editor‚ three anonymous referees‚ and numerous seminar participants for comments
Premium Debt Game theory Bankruptcy