Essay Example on Shrieve Chemicals: Global Supply of Industrial Chemicals, Oil & Gas

Introduction

Shrive Chemicals is a conglomerate that was established in 1978 in Texas in the United States. The company has since then grown and diversified its operations from the usual supply of industrial chemicals, both organic and inorganic, to oil and gas supply, not to mention the industrial heating and ventilation air condition and refrigeration supply in the diverse global markets (Shrieve, n.d). Over the years, Shrieve Chemicals, through its management, has committed to offering its consumers with quality and affordable goods, an aspect that largely contributed to its growth and expansion not only in the regional market but also set a footprint in the international market. For instance, Shrieve is the major sulfuric acid and Sulfur products supplier in North America. The company also explores the Asian, Europe, and African markets while offering them a wide range of commodities (Shrieve, n.d). Typically, Shrieve's continued growth and market relevance in the distinct global markets is acknowledged to its ability to assess and evaluate problems and situations affecting its operations and consequently mitigating the issues with utmost professionalism. In other terms, Shrieve Chemicals continues to grow and explore the diverse market while offering its diverse clientele base with a wide variety of goods due to its adopted and effected strategic plan that enables it to leverage collaborations and operate under different affiliates globally.

Is your time best spent reading someone else’s essay? Get a 100% original essay FROM A CERTIFIED WRITER!

Save 25%

The Company's Objective

The primary goal that dictates Shrieve's operations is to work closely while developing profound relationships with its consumers, manufacturers, partners, and other industrial affiliates (Shrieve, n.d). As such, the company can assess and evaluate the critical issues affecting or likely to affect its operations and make effective decisions. By doing so, the company continues to build extensive market relations and networks that aid in its quest to provide quality and sustainable goods.

Functional Tactic

Considering the growing consumer base in the various markets, Shrieve Chemical adopts a functional tactic that enables it to tailor its operation on competence and productivity. In other terms, Shrive Chemical adopts a forward culture and relationship functional tactic that positively influences its operations while aiding in the execution and actualization of the company's core objective. Also, the forward culture and relationship-based functional tactic ensure that the company remains productive and relevant to its diverse markets by offering goods that add value to the rapidly growing consumer base. On the other hand, Shrieve chemical also adopts an affiliate functional tactic (Great Chemistry, n.d). Through the affiliate and conglomerate functional tactic, Shrieve joins hands with other industries, particularly in the middle east, Asian, Europe, and Africa to facilitate and promote its operations hence the rapidly growing consumer base. Notably, the affiliate industries aid in marketing and supplying operational markets for oil and gas, specialty lubricants, industrial chemicals, and performance fluids (Great Chemistry, n.d). As such, Shrieve has, over the years, explored new markets and opportunities, an aspect that positively contributes to its overall returns and market relevance.

Milestones and Deadlines

Shrive Chemical was founded in 1978 in Woodland, Texas, with a primary intention of producing and supplying industrial chemicals, organic and inorganic, in the United States. Over the years, however, the company has diversified its operations and ventured into new markets. In the United States, the Shrieve Company celebrates 42 years of production and growth. The company also celebrates 12 years of diversified operations in China and 22 years of business in the United Kingdom ("About Shrieve", 2020).

Some of Shrieve Chemical's notable milestones include: in 1988, the company formed the specialty products division, which was primarily influenced and facilitated by the company's acquisition of the Chevron's ZEROL lubricant business ("About Shrieve", 2020). In 1995, Shrive Chemical formed the oilified chemical division whose core objective was to serve and supply oil and gas in its distinct markets around the globe. In 2008, the company established its operations in Shanghai, China. In 2013, the technology center opened in Woodland, Texas. Ultimately, in 2019, Gem-springs Capital joined hands with Shrieve Chemical, thus expanding its operations ("About Shrieve", 2020).

Tasks and Tasks Ownership

Shrieve Chemical Company has, over the years, been known as an expanding portfolio that continues to offer distinct and patented chemistries across the diverse global community. The differentiated and patented chemistries form the company's tasks and tasks ownership base upon which its operations are advanced and diversified. Some of Shrive's Chemical Company primary tasks include production and supply of industrial chemicals, compressor lubricants, heat and ventilation air conditioner, and refrigeration. Shrieve Chemical Company owns all the tasks.

Resource Allocation

Shrieve Chemical Company adopts a resource allocation strategy that is chiefly tailored to demand and supply. This means that different production bases receive different resources depending on the target market and size.

Recommendation

As a multinational company, Shrieve Chemical Company should adopt suitable and appropriate management strategies to facilitate its implementation processes. A profound management strategy unites the company while aligning its vast workforce with the company's goals and objectives and, more importantly, facilitating the implementation process in a manner that adheres to the existing laws and culture. Therefore, Shrieve Chemical Company should adopt a distinctive control mechanism that would serve to align the company's affiliate industries with its goals and objectives while enhancing production, supply, and efficiency.

Success Factors

Shrieve's Chemical Company's key success factor includes having a global presence and availing different products to its consumers in the diverse global market. Other critical success factors include the fact that the company adopts technology in its operations, and more importantly, it has a strong employee base that aid in actualizing the company's core goals and objectives. Since the company is a multinational, it operates on a huge budget to fund and facilitate its operations. Considering the company's performance over time and its continued growth, it is likely to excel in its operations hence an increased profit margin from its distinct production and supply bases.

Risk Management Plan

Risk management is critical for any organization, considering its influence in identifying, analyzing, and establishing the right decision to mitigate the issues affecting the company's operations. Shrieve Chemical faces risks of undefined market segmentation, which implies that the company does not have target groups despite operating and diversifying its operations. As such, Shrieve lacks brand loyalty. Therefore, the company should focus on producing goods that are tailored to the specific consumer needs to create a target group and consequently creating brand loyalty.

Overall, Shrieve Chemical Company should, therefore, focus on producing goods that are directed to a particular group while offering quality and sustainable goods. As such, the company will secure a place in people's minds, an aspect that will considerably lead to increased production, returns, and, more importantly, brand loyalty.

References

About Shrieve. (2020). Retrieved 18 January 2020, from https://www.shrieve.com/about/

Great Chemistry. [Ebook]. Retrieved from https://www.shrieve.com/media/1060/shrieve-group_v3_092012-en.pdf