Purpose of the assessment (with ULO Mapping) Students are required to research a multinational company (MNC) of your choice from the list below and explain in a report format on how any Legislative...

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Schlumberger Ltd


Purpose of the assessment (with ULO Mapping) Students are required to research a multinational company (MNC) of your choice from the list below and explain in a report format on how any Legislative regulatory framework/s affecting the MNCs which operate in Australia and the impact of treaties, conventions or agreements on their products and services that they provide in Australia. Word limit Not more than 2000 words Purpose: This assignment aims at ensuring that students have familiarized themselves with their chosen MNCs topic and are able to identify the relevant Legislative, regulatory framework/s, treaties, conventions or agreements that are affecting their operation in Australia. Details: Assignment Questions:Schlumberger 1. multinational company (MNC) Schlumberger which operates in Australia. Provide a brief description of the company including the following:  The industry the company operates in  Number of staff in Australia  Number of staff globally  Location of global headquarters (150 words, minimum 3 references) 2. Identify any legislative regulatory framework/s affecting the MNC you have identified which operates in Australia and discuss why and how it affects the company. For example, multinational corporations, like local companies, are subject to 30 per cent corporate tax. (925 words, minimum 4 references) 3. Identify any treaties, conventions or agreements that have impacted on the products or services that your chosen MNC provides in Australia. How does it impact the provision of these products and services? (925 words, minimum 4 references) Assignment structure is to be written as a report format. It must include:  Cover page  Executive summary  Table of contents  Section headings  Paragraphing  Page numbers  Reference list at the end of the report Written Report Question 1: Identification of multinational company (MNC) chosen with brief description of company and key data. 3% Question 2: Identification of regulatory framework/s affecting the chosen MNC and discussion of why and how it affects the company. 6% Question 3: Identification of treaties, conventions or agreements that have impacted on the products or services the chosen MNC provides in Australia. 6% Overall presentation and quality of report 3% Referencing 2% TOTAL Weight 20% Rubric: Case Study Student Scaled Score: Question 1 & 2: 0 – 2 Question 3: 0 – 3 Question 1 & 2: 3 – 4.25 Question 3: 4 – 7 Question 1 & 2: 4.30 – 5 Question 3: 8 – 10 Weight Below Standard At Standard Exceeds Standard Question 1: identification of multinational company (MNC) operating in Australia with brief description of company and key data. • Effective Executive Summary or Introduction • Gives a brief yet complete snap shot of the company’s operations, with emphasis on: the industry it operates in; number of staff in Australia and globally; and location of global headquarters. • Appropriate evaluation and synthesis for the specific company chosen and provided complete data required on the company • Did not simply copy and paste the above information from external sources (ex. company annual report) but presents information in an organised, logical and easy to understand manner. 25% * Shows little understanding of the company’s operations and the broader industry it operates in. * Unable to succinctly yet completely describe the items required by the question. * Executive summary or introduction missing or poorly constructed. * Shows adequate knowledge of the company’s operations and the broader industry it operates in. * Is able to an adequate degree to succinctly yet completely describe the items required by the question. * Executive summary or introduction adequate. * Shows superior knowledge of the company’s operations and the broader industry it operates in. * Is able to a superior degree to succinctly yet completely describe the items required by the question. * Effective Executive Summary or introduction. Question 2: Identification of regulatory framework/s affecting the chosen MNC and discussion of why and how it affects the company.  Describes comprehensively and in detail the specific regulatory environment in which the chosen MNC operates in Australia.  Demonstrates in-depth understanding of the specific regulatory frameworks within that industry that affects the MNCs operations in Australia.  Gives concrete examples of Australian laws and regulations that impact the MNCs operations in Australia and succinctly explains any impacts identified.  Did not merely give a general, “copy-paste” description of the regulatory environment within an industry and did not attempt to link regulatory frameworks to the MNCs Australian operations.  Makes no attempt to contextualize the MNCs operations with the specific industry in which it operates and in light of laws and regulations relevant to that industry. 25% * Shows poor or inadequate understanding of the specific regulatory environment in which the chosen MNC operates in Australia. * Demonstrates only superficial understanding of the specific regulatory frameworks within that industry that affects the MNCs operations in Australia. * Does not give concrete examples of Australian laws and regulations that impact the MNCs operations in Australia and succinctly explains any impacts identified. * Inadequate description of the regulatory environment within an industry and linking of regulatory frameworks to the MNCs Australian operations. * Inadequately contextualized the MNCs operations with the specific industry in which it operates and in light of laws * Shows adequate understanding of the specific regulatory environment in which the chosen MNC operates in Australia. * Demonstrates competent understanding of the specific regulatory frameworks within that industry that affects the MNCs operations in Australia. * Give some but not many concrete examples of Australian laws and regulations that impact the MNCs operations in Australia. * Explains in general any impacts identified. * Adequate description of the regulatory environment within an industry and linking of regulatory frameworks to the MNCs Australian operations. * Sufficient attempt to contextualize the MNCs operations with the specific industry in which it * Shows superior understanding of the specific regulatory environment in which the chosen MNC operates in Australia. * Demonstrates a high level of understanding of the specific regulatory frameworks within that industry that affects the MNCs operations in Australia. * Give multiple concrete examples of Australian laws and regulations that impact the MNCs operations in Australia. * Comprehensively explains any impacts identified. * Gave a detailed description of the regulatory environment within an industry and attempt to regulatory frameworks to the MNCs Australian operations. * Contextualized in detail the MNCs operations with the specific industry in which it operates and in and regulations relevant to that industry. operates and in light of laws and regulations relevant to that industry, but does not show critical thinking. light of laws and regulations relevant to that industry. Demonstrated critical thinking. Question 3: Identification of treaties, conventions or agreements that have impacted on the products or services the chosen MNC provides in Australia.  Describes, with concrete examples, how the treaties, conventions, or agreements identified impact the MNCs operations and provisions of goods and services in Australia.  The identification of such treaties, conventions or agreements is exhaustive and discussion of their impact comprehensive.  Demonstrates critical thinking on how and why such treaties, conventions or agreements impact the MNCs operations in Australia.  If any of these treaties, conventions or agreements adversely impact the MNCs operations, makes prescriptions or recommendations on how to mitigate this.  Did not merely give a general, “copy-paste” description of the treaties, conventions or agreements that impact the MNCs operations in Australia and makes no attempt to contextualize them with the way the MNC does business. 30% * Poor or insufficient description of how the treaties, conventions, or agreements identified impact the MNCs operations and provisions of goods and services in Australia. * The identification of such treaties, conventions or agreements is inadequate (i.e. named none or only 1 treaty) and discussion of their impact superficial. * Effective prescriptions or recommendations were not provided. * Specific data or facts necessary to support the analysis and conclusions was not provided. * Merely gave a general, “copy-paste” description of the treaties, conventions or agreements that impact the MNCs operations in Australia and made no attempt to contextualize them with the way the MNC does business. * Adequate description of how the treaties, conventions, or agreements identified impact the MNCs operations and provisions of goods and services in Australia. * Adequate identification of such treaties, conventions or agreements (i.e. named 2-4 treaties) and discussion of their impact. * Effective prescriptions or recommendations were partially provided. * Specific data or facts were occasionally referred when necessary to support the analysis and conclusions. * Gave a more detailed description of the treaties, conventions or agreements that impact the MNCs operations in Australia and adequately attempted to contextualize them with the way the MNC does business. * Superior description of how the treaties, conventions, or agreements identified impact the MNCs operations and provisions of goods and services in Australia. * Exhaustive identification of such treaties, conventions or agreements (i.e. named at least 5 treaties) and comprehensive discussion of their impact. * Effective prescriptions or recommendation were fully provided. * Specific data or facts were referred when necessary to support the analysis and conclusions. * Gave an in-depth description of the treaties, conventions or agreements that impact the MNCs operations in Australia and contextualize them, to a superior degree, with the way the MNC does business. Proper organization, professional writing, and logical flow of analysis. APA formatting  Logically organized, key points, key arguments, and important criteria for evaluating the MNC is easily identified.  Key points were supported
Answered Same DayApr 24, 2021HI5015

Answer To: Purpose of the assessment (with ULO Mapping) Students are required to research a multinational...

Debbani answered on Apr 28 2021
131 Votes
Schlumberger, Australia
    Schlumberger, Australia    Report
    
    
Executive Summary
The following report is about the multinational company, a Schlumberger Australia Pty Ltd., a Perth- based private company which is foreign owned and provides the technology services to the worldwide industry comprising oil and gas. The operational requirements of the oil and the gas wells are met through evaluating, testing, which includes measuring, etc. The report below will provide the industry the company operates in, along with the number of staff in Australia, and in in
ternational locations followed by the location of the global headquarters. Next part of the report will identify the legislative regulatory framework which affects the company. Lastly, the related treaties, conventions or agreements which have the impact on the products or services will also be discussed.
Table of Contents
Executive Summary    1
Description of the Company    3
Legislative regulatory framework    3
Treaties, Conventions or Agreements    7
References    10
Description of the Company
Schlumberger Australia Pty Ltd., located in Level 5, 256 St George Terrace, Perth, WA 6000, Australia was incorporated in 1982 and basically it operates as a subsidiary of WesternGeco Seismic Holdings Limited (Bloomberg- Energy Equipment and Services, 2018). As per the Bloomberg’s report, the number of employees within the Australian framework comprises of 935 members (Bloomberg- Energy Equipment and Services, 2018), while more than 100, 000 employees working globally (Bloomberg- Energy Equipment and Services, 2018). The location of the global headquarters are widespread, and is located in multiple international locations, like Paris, France, Houston, Texas, US, London, UK and The Hague, Netherlands. So, the company is basically the supplier of technology, combined with the integrated project management for providing customers with the information solutions, who are working within the oil and gas industry. Thus, knowledge supported with the innovation followed by the teamwork is the prior focus of the company.
Legislative regulatory framework
As the company deals with the information, so the protection of it is immensely required. The company collects the personal and privacy information from its employees as well as from the third parties. So it is evident that, the (Australian Privacy Principles- Schedule 1 of the Privacy Act 1988, 2012) governed by the (Privacy Act- Federal Register of Legislation, 1988), is applicable for the company. The privacy requirements for collecting, using, and transferring, releasing and disclosing the data across boundaries needs protection of it, since it is the normal expectation from the third parties, that whatever data they supplies must not be kept securely so as not to malign the information.
Thus, the protection of the data for the consumers being confidential and often carries the sensitive information must be preserved in such a way that they are securely kept and are not mal- used or used in a wrong way (The Australian Trade and Investment Commission (Austrade) , n.d.).
Furthermore, for the protection of the intellectual property which is created through the new discovery by conceiving any idea, or any device or may also be the technique and also the processes being the exclusive property of the company must be restored by the company itself. In furtherance to this, the employees when are recruited and absorbed within the company they are to sign a non- disclosure agreement along with the confidential disclosure agreement before they can part with the part and allow access to the third parties (Fair Trading (Australian Consumer Law) Act , 1992).
For the establishment of the fairness and ethics with the business practices, the company do not act in any which can be either illegal or unethical (Australian Competition and Consumer Commission v Coles Supermarkets Australia Pty Ltd, 2014). Neither they do the monopolistic business which can give rise to the restriction to the fair competition. The company is not into share pricing and neither they bid information to its competitors. The company strictly sees that the funds and the assets of it are not used in any purposes being political. So, they are fair as well as aggressive in doing the business, within the frameworks of fairness and ethics.
Schlumberger gives product and services in a few nations around the world. Almost the majority of the nations amid which they work have traditions and laws, and a lot have additional exchange controls that administer the import, export of Schlumberger product, services, innovation, and programming bundle (Necessary and Proportionate: International Principles on the Application of Human Rights to Communications Surveillance. , 2014). Where they are working together, they fits all trade laws and guidelines that are pertinent to them and are outstandingly included with the innovation exchanges. Schlumberger keeps fair and right business records, so the laborers ought not stow away, change, misrepresent or camouflage verity nature of any business managing. Schlumberger conforms to bookkeeping and financial reportage norms, and requirements employees to pursue interior money related endorsement tips and besides hold and wreck business records as per local laws and with Schlumberger necessities. In perceiving the human rights the corporate limits the maltreatment of the exploitation of the child labourers which will exist inside the extraction process (ALRC, Australian Law Reform Commission and Human Rights and Equal Opportunity Commission-, 1997), transportation, and...
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