Training and Development Methods
Added on 2020-01-21
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Weatherford BusinessReport1
TABLE OF CONTENTSINTRODUCTION................................................................................................................................3Main Body............................................................................................................................................3Sector Analysis................................................................................................................................3Company Background.....................................................................................................................3Business analysis of the Weatherford..............................................................................................4Current Change Issues in the Weatherford......................................................................................6Future Change Issues of the Weatherford........................................................................................8CONCLUSION....................................................................................................................................9REFERENCES...................................................................................................................................102
INTRODUCTIONChange Management is an essential part of the organization. The company should be ready inaccepting any change which they have to faced on day to day basis. The changes can be occurred bythe market transparency, global cash flows, instant communications, labour mobility etc. To able toadapt the change in the business enterprise, the mangers should make the best strategic and tacticalplans (Arshad and Sparrow, 2010). They should considered the organization culture, its values andethics to accomplished their goals and objectives. Structural transformation in the company isconsidered as a vital aspect in the organization. This is because it is an essential part of the business.For conducting the present research, Weatherford company has been chosen. In this report, the changemanagement issues will be discussed on the basis organizational behaviour, culture and other aspects.The business analysis of the chosen company will be done. Furthermore, the current and future issuesalso been evaluated. MAIN BODYSector AnalysisThe oil and gas sector in the United Kingdom produced 59% oil and liquid which is consumedby the host country as well as by international country. This industry is an importer of hydrocarbonswhich is significant exporter in early 90's. The 98% of production is coming from the offshore fields.There are number of wells in Lancashire & Yorkshire but only only few wells are been drilled becauseof the considerable protest (Bevington and Samson 2012). The energy trading markets such as ICEFutures plays an important role in financial services which is one of the UK's strengths. British NorthSea also supply Brent crude, therefore, their price is the major benchmark for the international oiltrade. National Balancing Point market is the benchmark for most of the gas traded across Europe. Theoil and natural gas in UK is coming from different parts of Europe as well as from the world. Fewyears ago, only three quarters of the UK's top most oil and gas energy demand was met. UKCSsatisfied large number of demand of oil to all the domestic consumption (Green and Cameron, 2015).The industry estimate that in 2020, leading energy consumed in the UK will come from oil and gasfrom the renewable sources. Company BackgroundWeatherford is a public limited company. it is one of the largest multinational oil and naturalgas services organisation. The business enterprise deals in completion, drilling, production andintervention of oil and natural gas wells etc. The other products and services includes pipelineconstruction and commissioning (Hayes, 2014). The purpose of the Weatherford is to support the3
sustainable development and production of oil and natural gas resources. It also ensured that theworld's current and future energy needs should be met innocuous, economically and with efficiency.The firm's business operates in more than 100 countries globally and have 60,000 employees. Thecompany was founded in 1941 in Weatherford, Texas. From its origin, the organization pioneered aninnovative and creative technique and equipments for the cementing of oil wells. The organization isusing drilling and casing equipment from the field of Venezuela by the Gulf Oil Company. In Europe,the firm has changed its location from Switzerland to Ireland. But has maintained their operationaloffice in Houston, Texas (Weatherford, 2016). The business enterprise has varieties of products andservices for the oil and gas industry. These helps in developing directional drilling services which canexpand by miles of bedrock with great precision and tubular running services. Only this company, is aprovider of all forms of artificial lift. It also deals in the various operations such as electronic wellmeasurement and monitoring, evaluation products and services etc. It is one of the world's most diversefleets of in-line inspection tools. Business analysis of the WeatherfordThe business analysis helps in knowing the financial position of the company as well as thecompetitors of the organization. Through this, it helps in focussing the internal and externalenvironment of the workplace. The marketing audit can be done through SWOT and PEST analysis toknow the various aspects and competitors of the chosen business enterprise. The business analysis ofWeatherford are as follows:SWOT AnalysisStrengthsIt is one of the largest oil and natural gas services company in the UK and in the World whichhas global presence in more 100 countries. There are large number of employees which are employed in this organization is one of thestrength of the business enterprise (Lundy and Morin, 2013). It has a robust market research and development and it also serves in the substantial areas likemiddle east etc. Weatherford constitutes strong brand reputation and image as well as brand equity.WeaknessesThe policies of the UK government is one of the factor which affects the operational efficiency.This is because, so much of the intervention of the government is affecting the businessoperations.Current biggest weakness of the chosen firm is losing of the number of human re4sources4
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