Nobody downloaded yet

Key Strategic Implementation Issues at BP - Essay Example

Comments (0) Cite this document
Former CEO, Sir John Browne’s 101 Strategy led the foundation for BP’s expansion, new acquisition, exploration and innovation. BP vey soon became the largest producer of oil and gas in the United States, very different from what it was before Browne taking over as the CEO (Reed & Fitzgerald, 2011). …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.6% of users find it useful
Key Strategic Implementation Issues at BP
Read TextPreview

Extract of sample
"Key Strategic Implementation Issues at BP"

Download file to see previous pages Leadership perspective:
Despite its immense growth and achievement, issues from leadership perspective are haunting this oil giant. In her article, Corkindale (2010) highlights that the major weakness of BP is its top leadership and points to mistakes made by BP. According to her, CEO, Tony Hayward, was solely responsible for the major oil spill that happened couple of years back. The attitudes and behaviors of senior most management team are believed to have caused this massacre. Organizations function based on strategic goals and objectives by following certain strategic values in the form of mission, vision and values (Ledlow & Coppola, 2011). While every organization sets its strategic objectives, makes strategic choices and directions, and links all tactical and operational strategies to the corporate strategies, leaders in critical positions must adhere to this principle. At BP, inappropriate governance and safety practices, and lack of ownership of its employees’ safety and hygiene emerged as a result of the major catastrophe. Moreover, Hayward is also accused of risky actions and investments; is accused of ignoring expert advice and overlooking warnings about safety issues and other facts (Corkindale, 2010). 6.1.2 Inappropriate business level strategic plans: Browne’s operating model comprised of six broad culture guidelines around people, openness, teamwork, simplicity, trust and empowerment. This model was introduced to make BP less bureaucratic and shift the command and control management to facilitated management through empowerment of middle management (Morrison, 2003). However, the catastrophes reported at BP could be the result of lack of knowledge and experience for middle management. Extreme empowerment to govern their individual units could have resulted in gaps or inappropriate safety and security management. Much before the recent BP Oil Spill, there have been other reported undesirable incidents that have caused loss to the community and environment, like the Texas City incident, few leakage incidents, blasts etc. The strategic drift in safety and operations were ignored by management. BP officials have been accused on many occasions of downplaying small erroneous operations and equipment, which had later caused larger blasts (Maresh & Williams, 2011). Moreover, BP’s cost cutting measures did not take into consideration its workers’ and environment’s safety, which is evident from BP’s corrosion-related history. Report from BP’s Congressional hearing (2006) indicates that these issues were repeatedly escalated to BP’s top management before the major catastrophe. This is an indication of lack of ownership and also lack of aligning business performance with broader organizational objectives. 6.1.3 Cultural issues: The top executives at BP acknowledge their responsibility to protect and preserve the environment. However, lack of ownership by the top management of governance measures have hitched BP’s growth because of inappropriate practices and the consequential catastrophes, thereby questioning trust of their stakeholders in BP’ ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Key Strategic Implementation Issues at BP Essay”, n.d.)
Retrieved de https://studentshare.org/management/1391984-strategic-management
(Key Strategic Implementation Issues at BP Essay)
“Key Strategic Implementation Issues at BP Essay”, n.d. https://studentshare.org/management/1391984-strategic-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Strategic Analysis of BP
This paper represents a study to show how a reputed international firm addresses the importance of strategic implementation regarding acquisition and use of symbolic capital within the discursive environment. A detailed analysis of the strategic activities of UK based oil and gas firm BP has explored through this paper.
15 Pages(3750 words)Research Paper
With a large percentage of the workforce being young and enthusiastic they are volunteering with utmost dedication and concern and not as a mere obligation. Even in the absence of any legal binding the concept is catching on worldwide. Where did this concept emerge Really speaking this concept is neither the brainchild of a single person nor of a single organization.
18 Pages(4500 words)Essay
Risk management in British Petroleum (BP)
It is also a vertically integrated organization engaged in the exploration, production, refining, distribution and marketing of the oil and gas products. Such diversity of the operations therefore requires careful and prudent risk management approach to ensure that the operations of the firm do not create a significant risk for the firm.
12 Pages(3000 words)Essay
Doing business globally and internationally (ARR)
5 3. Risk associated with Joint Venture….………………………...... 7 4. Foreign Exchange Rate Movements..…………………………… 9 Part B 5. Challenges in doing business internationally...….......................... 12 References …………………………………………………………..….
12 Pages(3000 words)Essay
Strategic Management
This company started off as the Anglo-Persian Oil Company in the early 1930s and was involved with the development of the oil sector in Iran, prior to the nationalisation of the oil interests. The Oil, gas and energy business in
9 Pages(2250 words)Essay
Key Principles of Corporate Governance
Indeed, the highly competitive nature of emerging new models of global business has increased the risks and responsibilities of the organizations. Ticker (2009) asserts that in the contemporary environment,
6 Pages(1500 words)Essay
The company has until now focused solely on shareholder wealth maximization at the cost of other stakeholders of the company. The corporate level strategy of BP should focus on having all kinds of oil &
13 Pages(3250 words)Essay
The goal of the company is to be focused oil and Gas Company that offers value over volume. The goal is pursued through clear strategies and employment of distinctive capabilities. The company operates in over 80 countries, having its head office in London,
2 Pages(500 words)Essay
Integrated academic report-the innovation and change of BP(British Petroleum
A number of organisations have shown outstanding innovation in their fields of operations while some have shown less improvement. The project aims to bring forth the reasons why organisations need to be innovative. The organisation chosen for the purpose of the project is British Petroleum, which is a global oil and gas corporation based in London.
16 Pages(4000 words)Essay
This need is emergent in current market where competition has been highly increased and the ability of the firms to achieve a stable growth has been limited. Current paper focuses on the examination of the effects of energy crisis on the strategic decisions of BP, one of the most powerful competitors in the oil industry.
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Key Strategic Implementation Issues at BP for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us