Nobody downloaded yet

Key Strategic Implementation Issues at BP - Essay Example

Comments (1) Cite this document
Summary
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 PAPER94.4% 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
  • CHICAGO
(“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)
https://studentshare.org/management/1391984-strategic-management.
“Key Strategic Implementation Issues at BP Essay”, n.d. https://studentshare.org/management/1391984-strategic-management.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ha
hackettloy added comment 1 month ago
Student rated this paper as
This essay saved me today. I liked the content. It was very useful for my management course.
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Strategic Analysis of BP
...? Strategic Analysis of BP Table of Content Introduction 3 Discussion of theories & models from literature 3 Dynamic Capability 4 Discursive Environment 5 Symbolic Capital 6 Public relation strategy 8 Implications of BP’s strategy and performance 9 Ability to strike a balance 11 Discussion and Conclusion 13 Reference 16 Introduction 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...
15 Pages(3750 words)Research Paper
Strategic Management: Strategy Implementation
...model. Lessons Learnt This meant that in order for their products to be effective for those using them, a training session had to be organized by the company where they were to explain the new technology to them. It was argued by the company that continued manufacturing of the same products repeatedly would in turn leave the company less competitive an issue that Toyota did not want to experience. Considering such factors, the senior management had to go back and pay attention to their business profitability, and this would go hand in hand with the quality of their final products. Innovation now became a key driving factor to achieving their objectives as a company (Johnson et al, 2008). It was not a...
4 Pages(1000 words)Admission/Application Essay
Strategic Management: Strategy Implementation
...? Strategic Management: Strategy Implementation Strategic Management: Strategy Implementation The Army Training and Doctrine Command [TRADOC] was formed in 1973, to develop, train and educate civilians, soldiers, and leaders. It was also meant to build, design and intergrate different formations and capabilities for the purpose of strengthening the American Army. The TRADOC strategy can change a business organization; making it an optimized establishment that supplies anticipative, effectual and adaptable support to clients. This strategy also allows companies to be able to transition to the future by being able to fulfill the future objectives of the company in all potential operational environments. The TRADOC Strategic Plan... and the...
4 Pages(1000 words)Essay
Strategic Implementation and Alignment
...Strategic Implementation and Alignment Introduction Facing the various issues and challenges of a certain business entity calls for the formulationand implementation of strategies. It is asserted by Thomson and Strickland (2003) that these two areas in the in strategic management are the most essential in ensuring the health of a business organization. This paper will look at the case of Harrison-Keyes, a global publisher of print products. Harrison-Keyes will be implementing a strategy of diversifying into e-book publishing apart from its physical operation. However, ten problem areas are identified and should be addressed in order to efficiently attain the company's goals. This paper will tackle these constraints and provide... the...
5 Pages(1250 words)Essay
Strategic Planning and Implementation
...Strategic Planning and Implementation Table of Content Introduction 2 2. Corporation and stakeholders 2 a. Organization Background 2 i. Brief History 2 b. Management Strategy and Stakeholder Participation 3 c. Key Criteria for Strategy Reviewing 3 d. Potential Strategy 4 i. Problem Identification 4 ii. Strategy Development 5 3. Vision, Mission, Objectives and Measures 6 a. Ethical Principles 6 b. Cultural Principles 6 c. Environmental and Social Issues 7 d. Business Objectives 7 e. Achievement of Objectives 8 4. Implementation of the Strategy 8 5....
11 Pages(2750 words)Case Study
Post-Implementation Issues
...1. Introduction 1. Purpose of document The purpose of the report is to inform the RABBIT committee of the details of the progress in implementation of CAVIES and VOLE systems in its various branches and include installation of the software on the main server, data migration, training and the scope of the two systems within the framework of the companies 1.2. Scope The issues involved in the implementation of the CAVIES and VOLES systems are specific in their areas. CAVIES is designed to provide a centralized platform for the various veterinary inputs like clients’ appointments for their pets, veterinary surgeons, medical history of the pets, treatment, bills, payments, insurance...
4 Pages(1000 words)Essay
Strategic planning and Implementation
...program. “This created an opportunity for Speedy Hire to differentiate their brand, based on a commitment to Health and Safety. The Safety from the Ground Up campaign, although born out of the Working at Height regulations, is a broad Health and Safety Campaign addressing a variety of industry issues.”(http://www.bitc.org.uk, 2007). However, it must also be noted that since the recommended strategy for the company is that of the market development therefore firm may expose itself to more than one external environments. When it comes to implementing marketing development strategy, firm expose themselves to the risks of those economies where they intend to work and expand therefore Speedy Hire Plc would be...
12 Pages(3000 words)Essay
STRATEGIC PLANNING AND IMPLEMENTATION
...Strategic planning and implementation The topic deals about the importance of strategic planning and implementation in the organisational success. This study deals about the stake holders’ role in developing strategy, key criteria for the evaluation of strategic options, Role of vision and mission, Influence of cultural, social, and ethical environment in the organisation’s business objective, Encouragement of participation in the strategic dissemination process, and strategic evaluation process. This has done with the illustration of retail giant Wal-Mart. The study is comprised of Introduction, Outline of strategic planning and implementation, Answers to questions, and conclusion. Introduction Changing attitude of the companies... ...
10 Pages(2500 words)Essay
Strategic Planning and Implementation
...Strategic Management Table of Contents Strategic Management Table of Contents 2 CNC-Mueller GmbH & Co.KG: An Overview 3 Management strategy & Summary of the work 3 PESTEL analysis 3 Porter’s Five Force Analysis 5 SWOT Analysis 6 Strategy: Structure to use resources 8 2. Objectives: Mission & Vision Statement 10 Background: Ethical, Social, Cultural & Business 10 Mission Statement 11 Vision statement 11 Objectives 12 3.Implementation Process 13 Reference 16 Bibliography 17 CNC-Mueller GmbH & Co.KG: An Overview CNC-Mueller GmbH & Co.KG is a German company producing single series, small and mid sized machineries, mainly for material procurement. Products include machines for turning, milling, sawing, honing, straightening, measuring... ...
12 Pages(3000 words)Essay
Key Issues
...Key Issues in Project Management Introduction Project management is an important process in the achievement of the major goals and objectives set in the mission and vision statement of an organisation. Project managers, in the course of their management ensure that the major goals and objectives of an organisation are subdivided into smaller and manageable projects that can be used to achieve the overall goals (Patel, 17). It is the effective management and success of these micro projects that the overall goals and objectives of an organisation are met. For the success of these projects, it is important that effective planning be put into consideration to ensure that the right people are selected. These...
2 Pages(500 words)Assignment
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!
Contact Us