Contemporary Management Issues Essay Example | Topics and Well Written Essays - 2500 words - 3

Contemporary Management Issues - Essay Example It was established in the year 1996 with the help of government issued bonds (Oman-oil.com, 2015d). Middle Eastern countries are enjoying high investment in the energy segment. The Oman Oil Company S.A.O.C. (OOC) used investments from within and exterior of Oman. Sultanate of Oman has aimed to develop economic and social contribution with the help of contribution of energy producing industry (Oman-oil.com, 2015b). The firm is one of the major investments companies in the energy projects in Oman. They used Omani and foreign investment in order to develop the refineries and purchased or leased various machineries. Its Omani set up is controlled by the Sultanate, which is producing petroleum and other fuel from the crude oil and fossil fuel available within the country borders (Oman-oil.com, 2015a). The company went global and used various country models and natural resources to produce oils. They are having fair amount of market share among Asian and global oil and gas industries. The firm is able to use value chain effectively in order to meet the market demands of oil and gas products in Oman and other Asian and European countries. Oman Oil Company have strong portfolio that involved investments in various segments. Their value chain system includes exploration of crude oil from Oman area and production of the petroleum related products, aluminum and power (Oman-oil.com, 2015c). Current assignment will be developed on the basis of outlining the impacts of the different contemporary issues in management of the firm. It will outline the corporate social responsibility and business ethical strategies on behalf of Oman Oil Company. Moreover, impacts of ethical and CSR related strategies on organizational development and further investment will be outlined in the study. Strategic direction of Oman Oil Company in Oman and internationally are contrasted in the study to contrast the fluctuation of strategic change for the external and internal issues (Cragg,