Organizational Paper
Jane Doe
Dr. Ed Waotanzky
Business Communications – COMM 345
8 September 2013
Hilcorp Energy Company
Founded in 1989, Hilcorp Energy Company is one of the largest, privately-held exploration and production companies in the United States. Headquartered in Houston, Texas, they employ approximately 1000 people in 11 different regions across the United States including Cook Inlet in Alaska, the Gulf of Mexico, and the Rocky Mountains. Founder and CEO, Jeffrey Hildebrand began building the company little by little. In 1995 he began using the “Open-Book Management” method which was introduced to him during a seminar by The Great Game of Business. The Open-Book Management principles are: (Hilcorp website, www.hilcorp.com)
Know & Teach the Rules – Hilcorp educates employees to think of themselves as oil and gas business owners.
Follow the Action & Keep Score – Hilcorp provides daily updates on company performance to all employees.
Provide a Stake in the Outcome – Hilcorp rewards all employees when goals are achieved to inspire them to work like owners.
Hilcorp Energy is committed to the environment and their social responsibility to support the community around the areas they work and live. They instill in their employees this same commitment of giving back to the community in which they live and work in. Upon hiring each employee, Hilcorp Energy gives each new hire $2,500 to donate to a local charity of their choosing and matches the employee donations in subsequent years $1 for $1 up to $2,000.
Hilcorp Energy is very innovative in every aspect of its business. They challenge their employees to think outside the normal criteria. Their philosophy, “Work Like You Own the Company” encourages employees to work as a team to ensure positive results. Employees work as a team developing common goals and remaining focused on the task they are working on. Meeting and achieving goals are rewarded through several reward programs Hilcorp Energy has established.
Dr. Ed Waotanzky
Business Communications – COMM 345
8 September 2013
Hilcorp Energy Company
Founded in 1989, Hilcorp Energy Company is one of the largest, privately-held exploration and production companies in the United States. Headquartered in Houston, Texas, they employ approximately 1000 people in 11 different regions across the United States including Cook Inlet in Alaska, the Gulf of Mexico, and the Rocky Mountains. Founder and CEO, Jeffrey Hildebrand began building the company little by little. In 1995 he began using the “Open-Book Management” method which was introduced to him during a seminar by The Great Game of Business. The Open-Book Management principles are: (Hilcorp website, www.hilcorp.com)
Know & Teach the Rules – Hilcorp educates employees to think of themselves as oil and gas business owners.
Follow the Action & Keep Score – Hilcorp provides daily updates on company performance to all employees.
Provide a Stake in the Outcome – Hilcorp rewards all employees when goals are achieved to inspire them to work like owners.
Hilcorp Energy is committed to the environment and their social responsibility to support the community around the areas they work and live. They instill in their employees this same commitment of giving back to the community in which they live and work in. Upon hiring each employee, Hilcorp Energy gives each new hire $2,500 to donate to a local charity of their choosing and matches the employee donations in subsequent years $1 for $1 up to $2,000.
Hilcorp Energy is very innovative in every aspect of its business. They challenge their employees to think outside the normal criteria. Their philosophy, “Work Like You Own the Company” encourages employees to work as a team to ensure positive results. Employees work as a team developing common goals and remaining focused on the task they are working on. Meeting and achieving goals are rewarded through several reward programs Hilcorp Energy has established.