Aspects of Exxon Mobile SWOT Analysis Essay

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Introduction

Exxon Mobile has a strong community of dealers that provide the customers with all relevant and valuable information about services’ benefits and usage, along with a well-developed supply network. Another strength lies in the automatization of all operational processes and innovative approach to production and development of new and existing technologies. There are also many successful merges and acquisitions under company’s name that allowed it to integrate new sub-companies into the operation process and secure stable position on the market.

Weaknesses

Exxon Mobile does not have a Research and Development unit that can compete with the industry leaders, thus it tends to lag behind in terms of implementing new technologies. The products and services pool is not diversified enough, leaving a large gap in the company’s possible customers. Exxon Mobile’s profitability ratio and net contribution have fallen below industry average due to inefficient financial management.

Opportunities

A new possible market niche has opened for Exxon Mobile in the recent years due to securing an agreement with government. Moreover, the market is currently more stable due to the decrease in inflation rates, and the transportation costs have also been reduced. New taxation and environmental policies were introduced in the country, providing the company with competitive advantages.

Threats

The costs of raw materials is currently on the rise which might result in bigger expenses on Exxon Mobile’s side. The consumers’ behavior is changing, shifting towards isolationism which can result in lower revenues due to losses in stable income. The company has not provided any significant innovations in the latest years, lacking a competitive advantage against other companies. Finally, liability laws and currency fluctuations in the countries where Exxon Mobile operates make it difficult to secure stable profits on international market.

TOWS Matrix

StrengthsWeaknesses
OpportunitiesSO:
Expand the distribution network further to claim the new market niches;
Integrate acquired companies further into operational processes and develop new technologies.
SW:
Implement and develop technologies from acquired companies into the R&D unit;
Expand the pool of products and services to appeal to bigger audience.
ThreatsST:
Expand the supply network to secure better costs for raw materials;
Train dealers to engage new and existing customers to facilitate brand loyalty.
WT:
Use reliable and relevant data, especially in other countries’ markets to adjust the business strategy;
Consult with existing laws and policies to ensure company’s stable presence on the market.
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IvyPanda. (2023, December 1). Aspects of Exxon Mobile SWOT Analysis. https://ivypanda.com/essays/aspects-of-exxon-mobile-swot-analysis/

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"Aspects of Exxon Mobile SWOT Analysis." IvyPanda, 1 Dec. 2023, ivypanda.com/essays/aspects-of-exxon-mobile-swot-analysis/.

References

IvyPanda. (2023) 'Aspects of Exxon Mobile SWOT Analysis'. 1 December.

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IvyPanda. 2023. "Aspects of Exxon Mobile SWOT Analysis." December 1, 2023. https://ivypanda.com/essays/aspects-of-exxon-mobile-swot-analysis/.

1. IvyPanda. "Aspects of Exxon Mobile SWOT Analysis." December 1, 2023. https://ivypanda.com/essays/aspects-of-exxon-mobile-swot-analysis/.


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IvyPanda. "Aspects of Exxon Mobile SWOT Analysis." December 1, 2023. https://ivypanda.com/essays/aspects-of-exxon-mobile-swot-analysis/.

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