1) Choose a project. Define scope. Project Name: Balanced Score Card inception. Introduction/ Overview of the Project: The management introduced various new HR policies to be implemented across the entire plant‚ corporate and Business offices. Balanced Score Card inception into the Performance Management System of the higher level employees‚ including AGM and above (Level E13- E18)‚ was one among such new renovated policies. A total of 195 employees were covered under the project. By redesigning
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The balanced score card is a management system that is designed to change a businesses mission‚ vision and whole strategy in order to complete the goals and ideas of the business successfully. Accountability and Communication are the main components of the score card approach. The management team needs to be able to create goals that each employee responsible for a section are able to achieve and understand the given task completely. The higher management should have the completed management plan
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improvement of the items that stream in furthermore out of the organisation’s benefits‚ and the exercises connected with danger administration into one single capacity. This involves the supply and in addition the exchanging exercises that envelop the raw petroleum together with the oil items‚ the characteristic gas‚ chemicals‚ force‚ money and additionally dispatching therefore making a reasonable refinement between the organisation and its rivals in light of the structure and additionally the association’s
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British Petroleum Ratio Analysis Memo Team B ACC/291 September 5‚ 2013 Vicki Garrison British Petroleum Analysis Memo Memo to Bob Fryar Executive Vice President‚ Safety and Operational Risk Dr Brian Gilvary Chief Financial Officer of British Petroleum: Introduction As we are sure you are already familiar with the British Petroleum organization‚ a lot of the information included in this memo may seem unnecessary directed only to you. It is vital to know information about
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Balance Scorecard What is a Balance Scorecard? A Balanced scorecard is a strategic planning and management system that is used extensively in business and industry‚ government‚ and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization‚ improve internal and external communications‚ and monitor organization performance against strategic goals. It was originated by Drs. Robert Kaplan Harvard Business School and David Norton as a performance
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BRIEF INTRODUCTION OF BRITISH PETROLEUM
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currently providing BSC-related products and services supports these statistics. But do companies think the BSC is here to stay? Philips Electronics does. This worldwide conglomerate has gathered its more than 250‚000 employees in 150 countries around the card because it sees this tool as the future—not a trendy tool. The key benefit for Philips: Management can streamline the complicated process of running a complex international company with diverse product lines and divisions. Here’s how it cascades throughout
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Case Study British Petroleum Company‚ Ltd. (1987 Stock Offering) | | | | | | | | | | | | | |
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British Petroleum and its Corporate Strategy Introduction The organisation environment is always changing and therefore it is essential that a structured‚ detailed and continuous analysis of the principal dimensions of the environment is made. In order to profitably satisfy customer needs‚ an organisation must understand its external and internal situation including the customer‚ the market and its own capabilities. Furthermore‚ it needs to understand and adapt to the dynamic and uncontrollable
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Organizations can create it to define themselves or get branded due to their actions. Therefore‚ its more important to have a the right image that reflect an organization’s commitment to quality‚ excellence and its constructive role in the society. British Petroleum (BP) is a major enterprise to redefine its core values in the light of its ethical considerations. It is an example of antagonism between its core business and it’s core values. Since years it has been subject of criticism more than any other
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