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.

BP oil company Knowledge management - Assignment Example

Comments (0) Cite this document
Summary
BP Knowledge Management (Name) (University) BP Knowledge Management Executive Summary This paper discusses BP knowledge management strategy and most of the information has been obtained from literature reviews, journals and reports especially those with an emphasis on Knowledge management as practised by BP…
Download full paperFile format: .doc, available for editing
Polish This Essay94% of users find it useful
BP oil company Knowledge management
Read TextPreview

Extract of sample
"BP oil company Knowledge management"

Download file to see previous pages This is then followed by a discussion on Knowledge management leadership provision and the research reveals that mid-level BP leadership together with excellence coordinators are responsible for tracking dialogue and knowledge exchange initiatives. The paper also contains an extensive assessment of learning cycle, and this illustrates that the learning sequence is prior to, during and subsequent to any experience and is supported by straightforward process tools. The paper recommends that it is crucial for BP to facilitate sharing of knowledge within its highest quality, in order not to sacrifice integrity of the company and the entire knowledge management system. The group needs to assign more individuals who will be responsible for reviewing, approving and enhancing quality of knowledge and learning cycle before it is shared to other personnel. However, the paper acknowledges that knowledge and learning scheme at BP has resulted in gains amounting to more than hundreds of billions of dollars mostly due to informal personnel networks, in addition to supplementary workplace practices. Introduction BP is among the world leading global oil and Gas Company and it offers its clients with energy for transportation, retail services plus petrochemicals products. The company makes annual sales and additional operating revenues amounting to $375,517 million as of last year. BP has over 83.400 employees spread in over 30 nations with retail sites totalling 21800 (BP Global, 2012). The company has two business segments, which are exploration, production/ refining and Marketing. However, a detached business referred to as, Alternative Energy deals with low-carbon businesses as well as future growth alternatives of oil and gas, such as solar, wind, hydrogen, and bio-fuels. The company business activities are structured into four key areas, comprising the upstream, the downstream, the chemicals, and the gas and power divisions. They all add up to around 150 self-directed business units.  BP organizational structure has changed considerably to be more of an entrepreneurial emphasized business unit. Thus, the company board sets up the goals, come up with broader policy measures, and monitors the group CEO performance (Groot, 2009). However, the board does not manage the group businesses, but it delegates responsibility and executive authority to a single point, that of the CEO who is then responsible for refining and marketing affairs. The argument by BP is that a flat organization enables faster decisions making, and at the same time encourages entrepreneurial creativity from its employees along with ideas being managed better. Below the chief executive officer there is the group vice president along with the senior group vice president in charge of safety and operations, and below them there are regional vice presidents whereby individuals such as refinery managers report directly to them. Thus, every business unit contains a high level of independence. nevertheless they all share logic of interdependence, in addition to awareness that so as to fulfil their performance goals they will have to become skilled at both from and by each-other. The central corporate organization helps and supports individual business units, and as such individual performance contracts play a crucial role. This brings out commitment to a set of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“BP oil company Knowledge management Assignment Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/management/1398176-knowledge-management
(BP Oil Company Knowledge Management Assignment Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/management/1398176-knowledge-management.
“BP Oil Company Knowledge Management Assignment Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/management/1398176-knowledge-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Knowledge management
This has been as a result of the competitive nature of the business sector that the organizations are dealing in. However, some organizations have managed to achieve this domination of the market and managed to enjoy a competitive advantage at the expense of other companies.
8 Pages(2000 words)Assignment
BP Oil Marketing Plan(The Gulf of Mexico oil spill)
The spill not only left the company with a wide range of issues and losses, but also left the Gulf area with a number of possible diseases and a damaged sea shore. This paper aims at discussing the environmental factors that can impact the company for its strategic decision making in an attempt to regain its position in the US.
11 Pages(2750 words)Assignment
Report BP Main content ONLY
It is an integrated energy firm involved in oil and gas detection, manufacture, refinement and advertising, and the manufacturing and marketing of petrochemicals. (Bower, 2010, 320) According to Business Week, BP was the third largest public company in Britain and the thirty-first largest in the world.
6 Pages(1500 words)Assignment
The BP gulf oil spill
The spill occurred when a sea-floor oil gusher uncontrollably released the oil after pressure control systems failed, which was in turn due to an explosion and subsequent fire that had occurred on the drilling rig, which was drilling on the behalf of BP, a global oil and gas company located in London.
4 Pages(1000 words)Assignment
Knowledge Management: DHL Company
This assignment discusses the knowledge management practices affecting knowledge sharing in organizations, such as DHL that is a complex process and it have to be properly maintained and executed. The researcher observates of the critical success factors for achieving improvements for the DHL company.
8 Pages(2000 words)Assignment
Knowledge management
Boxall and Macky (2009, p. 10) described that knowledge management helps business firms achieve high performance working because it not only a functional management strategy but also bring organizational development
2 Pages(500 words)Assignment
Environment Management for Sustainable Development
Over the years the firm has taken deep interest in oil companies around the world with the intention of ensuring that these oil companies incorporate environmental management
10 Pages(2500 words)Assignment
Social Performance of Organizations
Between the two wars, the company was able to expand into Africa, Papua, America, Canada, South American and Europe. It was eventually renamed as
6 Pages(1500 words)Assignment
Crisis Management: The BP 2010 deep water oil spill
By definition, crisis management is the practice of how an organization handles a significant event that threatens its very existence (Reid, 3).The 2010 BP oil spill is an event that still holds the record as one of the largest disasters in the petroleum industry having lasted for 87 days to contain.
2 Pages(500 words)Assignment
Let us find you another Assignment on topic BP oil company Knowledge management for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us