search query: @indexterm oil industry / total: 556
reference: 283 / 556
Author: | Donnelly, R. M. |
Title: | Exxon's "office of the future" fiasco. |
Journal: | Planning Review
1987 : JUL/AUG, VOL. 15:4, p. 12-15 |
Index terms: | OIL INDUSTRY CORPORATE STRATEGY DIVERSIFICATION |
Language: | eng |
Abstract: | A detailed analysis is given about what went wrong, what lessons can be learned from the Exxon's $ 2 billion waste of money. The first mistake was to take senior managers in the company's process control culture, as most of them had no experience in a start-up-business. The second problem was the clash of foreign cultures.From the beginning there was no time-phased, well-thought strategy for Exxon Enterprises. Business has to recognize and accept the fact that entrepreneurs can't prosper in corporate America. |
SCIMA