One of the most important important distinctions when discussing business practices and business ethics is that between stakeholders and shareholders. While the two sound interchangeable, they are two differentiated concepts, with concern for stakeholders becoming an important point of consideration for increasingly socially conscious businesses and business models. Shareholder The definition of a shareholder has remained mostly the same for the greater part of the last few centuries. Shareholders, then, are investors in a company, and can be anyone from active mega-investors who hope to influence the actions of the company they are investing in to passive investors who are throwing a few weeks salary into a company in preparation for retirement.
Consolidating its leadership position, Reliance progressed rapidly on initiatives to enhance petrochemical capacities, strengthen integration, improve feedstock security and bolster sustainability.
PX expansion at Jamnagar was commissioned successfully in a phased manner. The installation of ROGC and downstream projects at Jamnagar have been completed during the year and pre-commissioning and start-up activities are in full swing.
Continuing to augment its customer centricity and consumer orientation, Petrochemicals business has progressed further on the expression of 'Chemistry for Smiles'.
Reliance has strengthened the customer supply interface on digital platforms and further empowered customers and channel partners through e-commerce transactions on smart devices.
To minimise any impact on environment, Reliance deploys world-class technologies across all sites to reduce fresh water consumption per unit of production by maximising waste water recycle and minimising external discharge.
RIL has 10 manufacturing locations in India and 3 in Malaysia. The deep integration within each chain helps RIL mitigate the impact of price volatility in the global energy and chemical industry, and manage the impact of external shocks.
RIL also has a diversified raw material slate, with both naphtha and gas based crackers, which helps mitigate risk involved with raw material sourcing and margin volatility. Leadership A relentless focus on safety and continuous improvement helps RIL in achieving industry-leading profitability across business cycles.
RIL's focus on technology leadership, cost efficiencies and responsible operational practices, while maintaining high operating discipline is key in maintaining domestic market leadership, and is a source of a renewable and sustainable competitive advantage.
Reliance manufactures a wide range of petrochemicals including: It includes compounds such as Ethylene, Propylene, etc. These products form the input materials for polymers and other industrial chemicals.
These products are used in applications such as plastic products, packaging materials, pipes etc. PFY and PSF are predominantly used in manufacturing of textiles while PET is used majorly in food packaging, in manufacturing of bottles for beverages.
The most common form of elastomers are rubber products. The primary feed for the Petrochemicals business comes from the light-end of the crude refining process such as naphtha, propylene, reformate and Natural Gas. The Company leverages its leadership position in the refining streams through conversion of naphtha, propylene, reformate and LPG to value added products that are sold globally.
More importantly, every business in the Petrochemicals segment uses chemistry and chemical formulations to help create a diverse range of end-products that make modern life more convenient and efficient.
Reliance Petrochemicals harnesses the power of chemistry, to help produce goods that bring smiles to the face of end consumers.
This was reflected in petrochemical feedstock and product prices. Profitability of naphtha based producers remained at historical highs for most of the year.
Global ethylene operating rates, which are indicative of the margin environment, improved marginally on a y-o-y basis to Operating rates are expected to dip marginally in as new capacities in US come online. Addition of capacities in US, based on low cost ethane from shale gas production could soften prices from New propylene derivative capacities in Asia has resulted in firm propylene prices during the year.
However, addition of On-Purpose propylene units are expected to remain as marginal suppliers and moderate their operating rates depending upon economic viability based on changes in feedstock prices.
Though crude oil prices have recovered, cash cost economics of naphtha based crackers remained favorable against crackers based on other feedstocks. Though the expected advantage of US gas crackers has reduced over time due to low crude oil prices, it still supports these projects given healthy margins and strong demand.
The global demand for these polymer products is estimated to grow at a CAGR of 4. Average naphtha prices in Asia were lower during the year as higher cracker turnarounds impacted demand. Incremental ethylene availability, however, will be limited in Southeast Asia during as most of the new plants are likely to start in second half of Southeast Asia polymer margins Polymer margins remained healthy during FYas end product prices remained firm with stable demand.Stakeholders caninariojana.comolders The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or caninariojana.comolder is a person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization's actions, objectives, and policies.
Compare and contrast each organization to determine whether they adhere to the shareholder’s model or the stakeholder’s model. Evaluate whether each organization values the interests of shareholders above all others and vice versa. The Differences and Similarities Between a Classical and Human Relations Management Approach.
The Master of Advanced Studies in Humanitarian Logistics and Management is your complete Swiss MAS program. MASHLM is a part-time executive master program for humanitarian professionals covering supply chain and logistics management, humanitarian action, strategic management, process and project management, and research methods..
You allocate one year of your time and you earn a Swiss MAS . Stakeholder theory ultimately aims for company’s continued existence, and it must be achieved by balancing the interests of all stakeholders, including the shareholders, whose interests are usually addressed through profits.
The first and foremost difference between shareholders and stakeholders is that only the company limited by shares have shareholders, however every company or organization have stakeholders, whether it is a government agency, nonprofit organization, company, partnership firm or a sole proprietorship firm.