BUSN104 – Money Matters Assessment
Added on - 30 Oct 2019
Business Value and Sustainability Efforts of Caltex Australia1BUSINESS VALUE AND SUSTAINABILITY EFFORTS OF CALTEX AUSTRALIAStudent’s Name:CourseProfessor’s NameInstitutionLocation of InstitutionDate
Business Value and Sustainability Efforts of Caltex Australia2Part B Question 5Business Value in Caltex Australia and Sustainability EffortsIntroductionFrom Caltex Company’s sustainability report of 2015 and 2016, the organization wasable to achieve a greater value compared to the previous years due to adoption of efficientstrategies. In this, the company was able to realize the benefits and satisfaction of theemployee, support to the community and much more, expansion of the market segment andconsumer satisfaction.Sustainability efforts and value they have shownEnhancing capabilities and competitiveness is one of the efforts that the company hasput in place to ensure that the company is in a position to compete with the companies in andoutside Australia that offers the same product and service. This effort has also led thecompany to establish a Caltex Academy where skills are modelled and talents appraised forthe development of business and commerce acumen for all non-commercial leaders, strategyand leadership thus, monetary and soft business value. According to the report of 2015 and2016, the endeavour has been able to revolutionize performance in Caltex industries due to avery high skilled workforce and skilful leadership. According to the CEO, Caltex Companyreviews, the company has able to realize a monetary value increase of approximately 13%within a period of 1.5 months. This is a high positive deviation of the monetary valuedeviation for the company (Standen, 2017, p.252).Diversity and inclusion is another sustainability effort that has been put by CaltexPetroleum company. The current report shows that the company has received Employer ofChoice for Gender Equality (EOCGE) citation from the Workplace Gender Equality Agency(WGEA) for the second consecutive year. This is an identity for a ‘soft’ business value as ithas considered the diversification policy and implemented it for the success of its future.