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Essay example - Woodside Company
Finance & Accounting
Pages 3 (753 words)
National interests entail the objectives and the aspirations of organizations in the international arena. Due to the emerging competition in the global business environment, international firms have embarked on expanding their operations in order to increase their profits as well as face off their competitors. …
Extract of sample
According to the policy of national interests, leaders of all countries are assumed to act in a rational way with the aim of safeguarding and pursuing their state objectives. This means that countries emulate the policies that are considered by the leaders to be of importance in developing and improving the well-being of their societies1. In their efforts to attain an economic growth and ensure transparency in the oil industries among other sectors, governments have adopted the policy of national interest. For instance, to safeguard the interest of local and foreign investors in the Australian oil sector, the government has put in place various measures to regulate the oil industry. For example, the government prohibited Royal Dutch Shell and BHP from undertaking the acquisition of Woodside Petroleum. The acquisition was valued at $35bn. One of the major strategies that Shell Company adopted was to take over Woodside incorporation with an objective of expanding its market share. According to Peter Voser, the company chief executive officer, this strategy was emulated in order to enhance innovativeness and competitiveness thus expanding the capital base leading to expanded investment and high dividends. ...
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