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SITUATION AUDIT: EXELON CORP Chiamaka Pamella Uzoukwu Exelon Corporation Situation Audit February 2021 MBA 610 University of Maryland Global Campus 1
SITUATION AUDIT: EXELON CORP Table of Content Executive Summary Introduction Organization Overview Mission, Vision, and Values Organization Strategy and Objectives Strategy Types and Competitive Advantage Organizational Size and Structure Critical resources Leadership, Governance, and Management Strength(s) and Weakness(es) Learning and Change Conclusion and Recommendations References 2
SITUATION AUDIT: EXELON CORP Executive Summary Exelon Corporation has become one of the largest energy industries based in the United States. The company is involved in the generation of energy, the distribution and transmission of energy. The corporation also distributes solar, nuclear, natural gas and hydroelectric energy. Being an organization that deals with the major source of energy and those which are hard to produce, the company is a competitor for other energy corporations. In order for Exelon to maintain a competitive edge to keep them in business, they have to come up with a strategic plan. A strategic plan alone doesn’t help the company, but the achievement of each goal that they set out. The strategic plan by the company will have an analysis internal and external factors that affects the company’s productivity rate (SWOT analysis mostly focusing on strengths and weaknesses of the corporation), objectives and the strategy created to achieve company objectives. When the company is developing these strategies and procedures, the main guidelines they follow are: - Developing an ethical code of conduct to guide daily practices within the organization - Creating a committee that ensures ethical practices are always enforced within the company - Emphasizing on the needs of business ethics within the organization - Aligning internal processes that would help in setting the practice of the code of ethics withing the company. 3
SITUATION AUDIT: EXELON CORP Introduction A situation audit is a process that analyzes a company’s history and their current situation to determine how well the company is doing and what changes might be incorporated or taken out from their current action plan to help them grow. According to Ramanujan, Venkatraman and Camillus (1986), a situation analysis can be referred to as the examination of a company’s internal abilities in order to determine their strengths and weaknesses. This type of analysis is needed because every business/action plan that is put out by an organization is bound to fail them and these failures can potentially be avoided by the implementation of a situation audit. Failure to identify a company’s weakness results in these weaknesses being overlooked and not prepared for, which results in putting the business at serious risk with either losing its customer base or just going out of business in general.

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