Swot Fourquest Energy

In: Business and Management

Submitted By abriayoung
Words 1443
Pages 6
FourQuest Energy
SWOT Analysis

FourQuest Energy is an industrial cleaning firm that specializes in pre-commissioning, commissioning, maintenance and shutdown services for the oil and gas industry. FourQuest Energy (FQE) is an ISO 9001:2008 certified international company with locations across Canada, the Middle East, Africa, and the Caspian region (FourQuest, Canada’s Fastest-Growning Company, 2015). FQE was ranked Canada’s number 1 fastest growing company on the Profit 500 2014 list showing a revenue growth of 7,308% (ProfitGuide, profit500, 2015). The Edmonton Alberta organization which first began operation in 2008 is a very strong player in helping to keep the energy giants working. FQE employs more than 200 people fulltime, runs 12 offices worldwide and posts upwards of $50 million in annual sales (ProfitGuide, Canada’s Fastest-Growing Company, 2015). Entrepreneurs Karl Gannon and Nik Grgic started FourQuest Energy after their suggestions for improvements were not implemented in the organization they worked for. They felt that they could do a better job with the right opportunities (ProfitGuide, Canada’s Fastest-Growing Company, 2015). Together they have been able to attract other top talent to their organization to help further grow the organization. Their management style has won them the 16th spot on the 2013 Best Managed Companies list. Their ultimate goal is to turn the organization into a $500 Million organization within 10 years (ProfitGuide, Canada’s Fastest-Growing Company, 2015). Gannon believes that quality customer service, as well as strong customer satisfaction are the two most important things FQE can do, and has allowed FQE to build relationships with their clients where they are invited back time and time again (Petersen, 2014).

Strengths:
FQE was launched by four directors who brought with them extensive experience in the…...

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