Saudi Aramco Oil Company Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Aramco

Saudi Aramco Oil Company

Introduction:

Book Reviews

The first book in the four conversations explores that even minor changes in the way we usually talk with eachother can generateastonishingly positive results. This book describes how to get best results from four types of these important conversations we practice every day in our daily lives. Different conversation styles help us in building the communication more powerful and effective. Engaging in the exact conversation at the appropriate time is a vital key to both organizational and personal success. Actually, these four conversation styles clearly demonstrates that it is the everyday interchange we have with one another that is really serious. The book is armed with a rock-hard body of research and their own practical observations, Jeffrey and Laurie identify four exceptional types of conversations that each and every single among us must use to get things done in a positive manner. Mainly the four conversation styles have been focused which comprises of initiative conversations to which is used to introduce something innovative, understanding conversations used to help people relate to new thoughts, performance conversations to appealfor some specific actions and outcomes and last is the closure conversations to complete the assigned work and give people a thought of accomplishment or success. The book, four conversations actually demonstratesthat which conversation style needs to be used at which specific time and at what place.Additionally the author illustrates that how real people uses these styles in their lives to achieve success. A second book which is named as the twenty twenty work place demonstrate that the quick pace of this technological growth has led to a dramatic change in the workplace. As compared to the old workers the new and young talent is extremely well equipped with these technological skills and present themselves far ahead of their predecessors. The information which has been provided in this book will be largely used by the human resource departments and people who are at the management level because this book will help them to make their workplace a heaven to stay.

Recent activities:

The company has the largest crude oil reserves in the world that is nearly 260 billion barrels. Further, the production of the company is nearly 3.48 billion barrels annually. The company has more than 100 gas and oil fields in Dhahran that includes 285 trillion cubic of natural gas reserves. In addition to that, revenues of the company are found to be $182 billion, with 12 million barrels of production every day. Currently, the company has around 55,440 employees with employee growth of 4.5% annually. The fields owned by Aramco are Ghawar and Shaybah that is one of the largest oil fields in the world.

The company is planning to acquire a chemical company that in turn will alter Aramco as one of the biggest producers of chemical in the world. The company is planning to produce 15 million tons of chemicals in coming 3 years and that in turn resulted in $30 billion revenues. The company further seeks for acquisitions and mergers with other dominant players in the market. Aramco is aggressively engaged in inorganic growth for the company so as to exploit available opportunities.

Analysis and Application of concepts

Aramco is the national oil company of Saudi Arabia, which transport, develops and refines hydrocarbon on both national and international levels. Being among the biggest oil companies across the world, they possess an extensive pool of employees, who are actually hired as a result of cross-functional team based approach in order to enhance the outcomes and to introduce technical improvements. Relating to the concept of six limitations to the successful workplace, Aramco’s strategy can be scrutinized and improved.

Six limitations in the successful workplace

This concept of six limitations has been taken from chapter number 1 of the book “four conversations” and page numbers are ranged in between 22-28. Being a part of such a gigantic organization, an individual always wishes to absorb a personal sense of achievement through appreciation and have the desire to take their team at new heights of success. At the cross-functional team based approach is appreciated so these six possible issues can limit an individual to achieve the desired success being the part of a team (Pajala, 2010). Employees at Aramco work on cross-functional basis, which sometimes triggers different issues. These limitations also became an influencing factor for improving the field management practices through intelligent surveillance and other possible options.

• Lateness

Some people possess a habit of coming late. For example, an employee at Aramco may be late for meetings, which make the whole team suffer from a problematic situation. Despite being late reflects personal laziness of an individual, but it later on, specifically in the cross-functional team may result in serious delays for the entire team and the project....................

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