BP’s Management Planning Presentation By Michelle Rollins MGT/230 1/20/14 Rick Benito Overview The planning function of management The influence of legal issues‚ ethics and corporate social responsibilities of British Petroleum (BP) The factors that influence‚ Strategic‚ Tactical‚ operational and contingency planning Planning For Rebuilding and Growth Exploration Deepwater Gas value and chains Technology Relationships Strategic goals Increase stock values Rebuild public relationships
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Background The Chronicle Gazette‚ a leading newspaper in a major metropolitan area. Her paper has a paid circulation of 225‚000 customers. It is a first-rate newspaper and over the years‚ its writers have won awards for their work. Ultimately‚ it will be operating from a 40‚000sq.feet unit near the downtown and have annualized sales of $300‚000 and be profitable. It will employ 18 people mainly engaged in Research & Development‚ Marketing‚ Sales and Admin. The Chronicle Gazette will continue to
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Strategic Planning Report Strategic Management according to Jasper and Crossan (2012) is the “essential process for coping with external change” (p. 838). Strategic Management is the linking of strategic thinking and analysis to organizational action. Strategies are initiatives taken by leaders on behalf of an organization involving the use of resources to improve their performance and external environment. Three elements are involved in strategic management‚ the first is to knowing where the organization
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UMT MGT195 Term Paper: Strategic Planning at The Chronicle Gazette Introduction: Problems in Publishing All businesses must be concerned with the rapid pace of change we face today. No company is secure‚ not even the largest and most profitable. Coping with change has been a business concern since people began doing business. Recall how the arrival of automobiles put buggy whip manufacturers out of business. Today’s pace of change is unprecedented. Consider what has happened in the retailing
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Supplier is a person or organization that provides the products or services to another person or business. Develop and maintain effective relationships with the suppliers in line with the company’s policies are vital to the success of the business. This is because build strong business relationships with the suppliers can bring a lot of benefits to the business‚ such as reduced the costs by getting the lower prices and high quality products or services from the suppliers‚ increased efficiency and
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strategy. Most text books and courses on strategic management and planning have adopted and promoted the design view of strategy. There are a number of claimed advantages of developing strategies through highly structured and formal planning systems and steps in an organisation. The main advantages are as follows: · First‚ formalised planning provides what many would term a logical and certainly a structured means of analysis and thinking about complex strategic problems. There is no doubt that strategy
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Construction planning is a fundamental and challenging activity in the management and execution of construction projects. It involves the choice of technology‚ the definition of work tasks‚ the estimation of the required resources and durations for individual tasks‚ and the identification of any interactions among the different work tasks. A good construction plan is the basis for developing the budget and the schedule for work. Developing the construction plan is a critical task in the management
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Leadership Role Essay Donald L. Jones Strategic Planning‚ MGMT414 June 22‚ 2014 Leadership Role Essay Strategic planning and leadership go hand-in-hand. Strategic leaders have vision‚ foresight‚ clarity of mind‚ and the willingness and determination to see the process through to the end. The influence and power that a leader has on the strategic planning process is important because they are the ones that people will follow and look to see the validity in the process. This paper will discuss
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What is a Strategic Audit? A strategic audit provides managers with the tools‚ information and commitment to evaluate the degree of advantage and focus provided by their current strategies. It produces the data needed to determine whether a change in strategy is necessary and exactly what changes should be made. The two major elements of a strategic audit are the external and internal environmental assessments. A strategic audit involves assessing the actual direction of a business and comparing
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Supplier relationship management is an approach to managing organizations interactions with the supplier of the goods and services it uses. The main goal of supplier relation management is to streamline and make more effective the processes between an organization and its suppliers. In order for this type of relationship to work and benefit both parties‚ the organization and its suppliers must have the same desired outcomes. Both parties must be willing to compromise‚ share information such as pricing
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