Entrepreneurial Management Essay Example | Topics and Well Written Essays - 1500 words

Entrepreneurial Management - Essay Example My particular area of interest is the EXPEC Computer Centre which is the technological department of Saudi Aramco, and which majors in the technological issues of the company (Oxford Business Group, 2009). The company has commanded a sizeable market share as well as gained respect in its exploration into technology. Through this, the company has remained remarkably relevant in the oil industry in the region, commanding a particularly sizeable market share and respect in technology related to exploration. EXPEC forms the basis of the company’s success in technological issues. It will be an honor to get the opportunity to work in this unit since it is paramount in the prestigious Saudi Aramco Company. It will be a pleasure to be a member of the team responsible for taking Saudi Aramco to its current height of Technology. The Company has had a crucial role to play when it comes to the journey of industrialization in the Saudi Kingdom (Oxford Business Group, 2009). The EXPEC Compu ter Centre has played a role in the company when it comes to finding solutions to technological problems and creating various solutions in the same field. The company boasts of technology that is as a result of EXPEC ARC actions. EXPEC ARC gas has been recognized and received various awards in the Saudi Kingdom and from the rest of the world (Vitalis 2006). ... Various production techniques are dependent on technology. There are various production techniques that rely on EXPEC ARC, and which have played a crucial role of pushing Saudi Armaco to greater heights. So far, EXPEC ARC has been able to make major strides in simulations, visualizations as well as land seismic (Vitalis 2006). I am a young man full of ambition, and it will be absolute honor if I become part of the scientists who will be working towards the achievement of the 2020 goals set by Saudi Aramco Company. The aim of the company is to be transformed into an integrated, global chemicals and energy company by 2020. In this case, the company needs to harness the skills and creativity of young people like me in order to realize these goals. If given a chance to work at the EXPEC ARC, I will focus all my energy on coming up with new technologies and ideas to improve production and other operations within the Saudi Aramco company. Job details Computer programmer The position is for a junior/graduate who will write computer programs for the company and use them to perform various functions as a member of the team working on the various ongoing projects. Personal information From the early stages of my life, I always had a keen interest on computers, and most of my activities such as games, entertainment, exploration and a part of my education revolved around the computer. As a result of my interest in computers, I decided to take up computer studies. I am currently undertaking a course in computer science, and currently in my final year, last semester of my undergraduate course. Since I would like to apply my computer skills in business, I plan to take up a master degree course in Digital Business next year. With the knowledge

Commodity Trading in the United Kingdom Dissertation

Commodity Trading in the United Kingdom - Dissertation Example This research study examines how two of the largest commodity traders in the world, Vitol and Glencore International, conduct their commodity trading activities through the commodity exchanges in the United Kingdom and in its OTC market. The pit trading system of the years gone by is now replaced by electronic systems that receive orders from traders through the Internet to match these orders with other orders for execution of a transaction. In an electronic exchange the clearinghouse regulated by a supervisory body and the government acts as an intermediary, to deliver lower costs, security, reliability and a global reach for trading in commodity contracts and commodity derivatives. The OTC market in the United Kingdom is less strictly regulated than the exchanges listing commodity contracts and commodity derivatives, but this market offers flexibility for those with needs that standardised commodity listed contracts cannot satisfy. A literature review and semi-structured interviews with commodity traders with expert knowledge assist the research together with the case studies for Vitol and Glencore International. The research concludes that it is likely that the United Kingdom commodity market will continue to attract interest from all around the world with a promise for delivering more for less even into the future. Contents Chapter 1 Introduction 1 1.1 Background 3 1.2 Objectives of the Research Study 6 Chapter 2 Literature review 8 2.1 The Impact of Electronic Trading on Commodities 8 2.2 Contracts on Commodity Exchanges 10 2.3 The Trading House and Trading Commission in Exchanges 11 2.4 The Financial Services Authority (FSA) 12 2.5 The London International Financial and Futures Exchange (LIFFE) 13 2.6 Trading on the LIFFE CONNECT 15 2.7 Buyers and Sellers on Electronic Exchanges 17 2.8 Types of Orders on the LIFFE CONNECT 18 2.9 Basics of Commodity Trading 21 2.10 Commodity Derivatives 22 2.11 Over-the-Counter Trades 23 2.12 Regulation of Commodity Tradin g 25 2.13 The Markets in Financial Instruments Directive (MiFID) 27 Chapter 3 Methodology 30 Chapter 4 Results of Semi-Structured Interviews 37 Chapter 5 Case Studies 44 5.1 Vitol Case Study 44 5.2 Case Study for Glencore International 47 Chapter 6 Analysis and Interpretation 51 Chapter 7 Conclusions and Recommendations 65 Appendix A - Questionnaire for Semi-Structured Interviews 69 Appendix B - Consent Form 74 Bibliography / References 76 List of Figures Figure 1: Change in Commodities Trading in the United Kingdom over the Years 53 Figure 2: Commodity Assets under Management in the United Kingdom 55 Figure 3: OTC Derivatives Trading in Commodities in the United Kingdom 56 Figure 4: Commodity Trading on Exchanges in the United Kingdom 57 Figure 5: A Comparison of Commodities, Stocks and Bonds in the United Kingdom 58 Figure 6: Breakdown of Exchange Traded Commodity Securities in the United Kingdom 60 Figure 7: Value of London Bullion Market Clearing 61 Figure 8: A Comparison of Lon g-Term Commodities Returns based on the Goldman Sachs Commodities Index 62 (This page intentionally left blank) Chapter 1 Introduction Agricultural commodities, minerals, crude oil, metals, natural gas and even energy in the form of electricity are among the fundamental inputs for production and consumption in all societies (Schaeffer, 2008, Pp. 1 – 5). Thus, resource commodity markets are vital for all regions and nations because these markets play a central role in economic development, international trade, and global economic and political stability. Commodity markets enable resource-producing nations to earn export revenues by linking