Comprehensive Report: Inpex Company's Management and Business Context

This report provides a detailed analysis of the Inpex Company, focusing on its management and business context. It begins with an introduction outlining the importance of understanding business operations, risk factors, and performance enhancement strategies. The report then delves into the organizational structure of Inpex, examining its various departments and projects, including the Ichthys LNG Project. It explores both internal factors such as resources, operations, and employee management, and external factors, including political, economic, social, technological, and environmental influences. The report identifies various risks faced by Inpex, such as inflation, and discusses business practice decisions that enhance organizational performance, including cross-cultural programs and employee engagement initiatives. Finally, it highlights the importance of different functions within the organization, such as human resource management, marketing, and finance, in achieving the company's strategic goals, concluding that Inpex has an effective organizational structure and a strong emphasis on cultural understanding.

Running head: Inpex Company 1
Management and business context

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Contents
Introduction......................................................................................................................................3
Organizational structure of Inpex....................................................................................................3
External and internal factors that impact their business..................................................................3
Risks in the business........................................................................................................................3
Business practice decision that enhance the performance of organization......................................3
Importance of function in attaining the strategy of the organization...............................................3
Conclusion.......................................................................................................................................3
References........................................................................................................................................4

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Introduction
It is necessary for the business to have the proper idea about the established business along with
the capabilities it has. The risk factors should be understood by the organization to implement the
strategy for eliminating them from the organization. The performance of the organization can be
improved with the help of effective decisions. There are so many functions in the organization
which helps to attain the strategy of the organization. Inpex Australia is active in the Timor Sea
and the Carnarvon. The organization structure of Inpex will be defined in this report to provide
the better understanding about the organization. Internal as well as external forces will be
elaborated in the context of same organization. It will also define about the risk that is faced by
the company and the steps will be mentioned which is taken by the organization in order to
improve them.
Organizational structure of Inpex
The organizational structure of the business helps to accomplish the task systematically. The
vision and mission of the company are accomplished due to organizational structure. It has
various projects and more than 30,000 workers are working under the project named Ichthys
LNG Project in different location of the world and 2000 workers are working under this project
in Australia (Inpex Corporation, 2015). There are different departments in the organization in
which the leaders delegate their responsibilities to the employee as per their skills. Along with
that there are various departments such as compliance committee, CSR etc. various employees

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are connecting with Inpex Australia company due to deal of this company with various projects
such as Prelude, Van Gogh, Kitan, Coniston, Ravensworth and Ichthys LNG Project.
External and internal factors that impact their business
The impact of several internal and external forces can lead the organization in the adverse
situation, it in integral for the organization to understand them in an effective manner so that the
possible action can be taken within time from for eliminating them from the organization.
The internal forces can be the resources, operations, employees and diversity management. The
resources have the important role to maintain the quality of work especially for the human
capital (Inpex Corporation, 2015). To maintain the quality of the operations, Inpex has to invest
in the training and development program (Ford, 2014). Employee satisfaction is an integral
aspect for every kind of organization. The demand of the employee especially those who are
working offshore sites will be increased significantly. The appraisal and the promotion can put
the burden on the financial asset of the company. Inpex is more focused to hire the people from
different culture because it aims to make the work environment with full of different cultures. It
is necessary for the organization to implement the policies that aids them to manage the diversity
workforce (Maylor, Blackmon & Huemann, 2016). Improper handling of the employees will
lead the company in the adverse situation where the image of the company can be affected
(Schermerhorn, Davidson, Poole, Woods, Simon & McBarron, 2014).
There are some external forces as well which may impact the business which is defined below.
Political

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There are various political terms are made and restructured which influence the entire business
activities. The policies regarding the production of oil and gases are changed as per the political
terms which may influence the Inpex Company. There is some positive aspect as well in term of
political factor as government has supported in huge way to Inpex Australia for promoting its
services worldwide.
Economical
There are economic instabilities in various part of the world. It defines that companies should
have proper structure of economic policies to earn huge profits. The income level of the
employee can get influenced due to slowdown in certain countries which may impact the
productivity of the employee through which the company has to suffer with huge losses.
Social
The changes in society are being done due to demand of the customers as it increased the change
in the operational mechanism of the business. The requirement of the oil and gas enhanced due
to needs of the people. To understand the different concepts of different cultures, Inpex has
appointed employees from different culture.
Technological
There are various kinds of technologies that enable the organization to make changes in an
appropriate manner. The adaption of latest technology in term of production of oil and gas help
the company to stay ahead of their competitors.
Environmental

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Various government policies regarding environmental has changed which forced the leaders of
the company to think about the sustainable oil and gas production. However, the latest
technology has adapted by Inpex for not hampering the environment. The project of the company
is established far from the residential area which shows that Inpex is concerned about the people.
Risks in the business
There are various kinds of risk that are confronting by Inpex. It is vital for the company to
understand the risks in effective way so that it can be removed from the operation as soon as
possible. Inflation rates have increased in different part of the countries which forced company to
sell its products at high rat which may bring the challenges in the competitive environment.
Sustainable business plan should be implemented by the company because of limited amount of
natural sources. Company has moved towards the renewable sources which may impact the
financial aspects of the company (Bryman & Bell, 2014).
Business practice decision that enhance the performance of organization
The business practice decisions are able to enhance the performance of the organization (Turban,
Sharda & Delen, 2011). Inpex organization has developed the cross-cultural program with aim of
building the practical competency of the cultural across the business. It has been found that there
are numerous individual initiatives that give clear support to Inpex which is helpful for the
human resource management of the company to manage the array of complex cultural situations
(Daspit, Chrisman, Sharma, Pearson & Long, 2017). There are various individual initiatives

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which focus on enhancing the intercultural relationship skills and sinking the gap of
communication due to diversity within the organization (Singh, 2012). Various quality tools have
been used by the company such as total quality management for improving the quality of the
work.
The employee engagement is essential component for the business as it ensures that company’s
relations with employees are healthy (Mone & London, 2018). Company should focus on the
high performance work practice because it can increase the enthusiasm of the employee towards
accomplishing the task. Pollock, Jefferson & Wick, (2015), stated that training and development
program are essential component for the company as it helps to encourage employee to
understand their task effectively so that mistakes could not be done (Bryman & Bell, 2014). The
effective business practice decisions are being adopted by Inpex to promote the integrity within
the business. It has been evaluated that Inpex is more concerned about making the cultural
understandings in the business which include the team safety and respect of the culture of the
different employee.
Importance of function in attaining the strategy of the organization
The role of various functions in the organization has kept importance in attaining the strategy of
the organization. There are various kinds of functions that may impact the business significantly.
These can be human resource management, marketing, research and development, technology
and innovation and finance. In the context of human resource management, it helps to maintain
the quality in the work by encouraging the employee. Marketing is the vital function of the
organization that covers various kind of role. This function aids to promote the brand of the
company. The sales of the company can be increased with the help of efficiency in marketing

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function. The department of information and technology managed the various communication
mediums along with the different kind of technologies. It assists to provide the information about
the latest technology which may bring the advantageous factors not only for the organization but
also for the employee (Wooldridge, Schmid & Floyd, 2008). Finance function of the company
plays an integral role in attaining the strategy of the organization. However, the impact of
financial constraints is liable in any implementation of strategy.
Conclusion
It has been concluded that Inpex has the effective organization structure that helps the
organization to manage the all functions of the company in an efficient manner. The discussions
about internal and external forces are defined in this assignment. The various programs regarding
cross cultural has been initiated by the company which help it to enhance the good environment
within the organization (Ahri, 2016). Inflation rate is the biggest risk of the business. There are
various functions such as human resource management, marketing, research and development,
technology and innovation and finance which have been described in depth in this assignment in
context of Inpex Company.

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References
Ahri. (2016). Fons Trompenaars Award For Cross Cultural Management. Retrieved from:
https://www.ahri.com.au/awards/ahri-awards/hall-of-fame/2016-winners/2016-
organisational-winners/fons-trompenaars-award-for-cross-cultural-management.
Bryman, A., & Bell, E. (2014). Research methodology: Business and management contexts.
Oxford University Press Southern Africa.
Daspit, J. J., Chrisman, J. J., Sharma, P., Pearson, A. W., & Long, R. G. (2017). A strategic
management perspective of the family firm: Past trends, new insights, and future
directions. Journal of Managerial Issues, 29(1), 6.
Ford, J. K. (2014). Improving training effectiveness in work organizations. Psychology Press.
Inpex Corporation. (2015). Human Resource Development and Deployment. Retrieved from:
http://www.inpex.co.jp/english/csr/pdf/sustainability2015-e14.pdf.
Maylor, H., Blackmon, K., & Huemann, M. (2016). Researching business and management.
Palgrave.
Mone, E. M., & London, M. (2018). Employee engagement through effective performance
management: A practical guide for managers. Routledge.
Pollock, R. V., Jefferson, A., & Wick, C. W. (2015). The six disciplines of breakthrough
Schermerhorn, J., Davidson, P., Poole, D., Woods, P., Simon, A., & McBarron, E. (2014).
Management: Foundations and Applications (2nd Asia-Pacific Edition). John Wiley &
Sons.

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Singh, P. K. (2012). Management of business processes can help an organization achieve
competitive advantage. International Management Review, 8(2), 19.
Turban, E., Sharda, R., & Delen, D. (2011). Decision support and business intelligence systems.
Pearson Education India.
Wooldridge, B., Schmid, T., & Floyd, S. W. (2008). The middle management perspective on
strategy process: Contributions, synthesis, and future research. Journal of
management, 34(6), 1190-1221.