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Entrepreneurial Audit Report on an existing business

Entrepreneurial Audit Report on an existing business

admin / January 30, 2019

History, founding and ownership

In today’s business environment it is very important that companies operate with a clear strategic path. It is this clear strategic path that will enable a company continuously search for new entrepreneurial opportunities and seize them with much effectiveness.

It is the result of this strategic process combined with the human workforce together with other resources that will determine which corporation crosses the finish line in first place or closes shop. This is therefore why management audits are carried out within department to bring out a clear picture of what is going on.

BHP Billiton came into existence in 2001 when to companies namely the Australian broken hill proprietary company (BHP) and the Anglo-Dutch Billiton plc decided to merge. Broken hill is an Australian company that was an Australian company that was incorporated back in 1885 and concentrated its business in steel manufacturing.

Later oil, copper it was later caught by global inefficiencies and closed down its steel production in the late 1990’s.On the other Hand Billiton was formed back in the 1860’s and concentrated on minerals like iron, titanium, nickel and coal before the two companies merged in June 29 2001 to form BHP BILLITON.

BHP BILLITON is currently the largest mining company which deals with a large variety of minerals. BHP Billiton which has its dual head quarters in Melbourne Australia and London England and presence in London and corporate centers in Johannesburg and Huston Texas.BHP Billiton is the world’s top mining company in terms of market capitalization, with capitalization of approximately 191 billion dollars.

According to BHP website (www.bhpbilliton.com) BHP Billiton is listed in the Australian securities exchange and London stock exchange and is a constituent of the FTSE 100 Index. Meaning it is owned by numerous shareholders who purchase their shares in the form of nominees, institutional investors and individuals.

The company operates hundreds of mines across the world and has a workforce of about 41,000 employees from about 25 different countries it is therefore evident and clear that there is large diversity among the employees that BHP Billiton has employed.

Furthermore the company made a profit of about US$ 6.3 billion in 2009 from the sale of its main products and services which fall under the mining industry. Some of these services and products include Iron ore, Diamonds, Coal, Gold, Petroleum, Aluminum, Copper, Nickel, Uranium, and Silver.

Company Name And OriginBPH Billiton Country Australia
Formation and

Existence

BHP Billiton has existed since 2001 after Australian broken hill proprietary companies (BHP) and the Anglo-Dutch Billiton plc decided to merge.
Company overviewBPH Billiton is a mining company dealing in Diamonds, Coal, Gold, Petroleum, Aluminum, Copper, Nickel, Uranium, Silver and iron ore
Organizational structureCompany’s structure is divided into CSG’S (Customer Sector Groups) which concentrate on key products having the customers desire in mind and work together with the functional groups of finance ,Marketing, transport and logistics to run efficiently and deliver quality.

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