StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Managing for the Future - Essay Example

Cite this document
Summary
Managing for Future Table of Contents 1.0 Introduction 3 2.1 Sustainability 3 2.2 Distribution 4 2.3 Corporate Social Responsibility 5 3. Critique of the managements performance in these areas 6 3.1 Sustainability 6 3.2 Corporate social responsibility 6 3.3 Distribution 7 4…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Managing for the Future
Read Text Preview

Extract of sample "Managing for the Future"

Download file to see previous pages

Comparison of the competence that a company will need and the competence that the company is already endowed with 23 9. Conclusion from the comparison 24 Reference List 25 1.0 Introduction The competitive edge of an organization depends upon several contributing factors, and one of them is strategic plan for the future. The strategic plan for the future is a rough guide book that lets the organizations produce a rough sketch (Braithwaite and Hall, 2009). A sketch that may look very rough and unrecognizable but as time progresses the sketch begins to take a definitive shape.

In the present context the research reports sheds light on the track record of the management of BP (British Petroleum) oil for the past years. The management strategies and the decisions of the BP management is critiqued and analyzed to reflect its effectiveness (Das and Teng, 2004). The research report then develops a rough sketch of future environmental condition. The environmental condition is prepared based on the present state of condition, and also based on the way the future spans out.

The research report indicates what the management of BP oil needs to do in order to position itself in a better way in the future (Gilbert and Gips, 2000). Lastly the research report produces a comparative picture of the competencies that BP oil is already endowed with and the competencies that BP need to develop. The research report delves into 3 separate areas, one is sustainability, another one is distribution and the third one is corporate social responsibility. 2. Historic analysis of the organization’s performance The historical performance of BP is traced across 3 important areas, which are sustainability, CSR and distribution. 2.1 Sustainability The sustainability of BP is measured across 4 different areas, which are safety, environment, people and performance.

Over the last 8 years starting from 2007 to 2013, BP has developed its safety measures (Harland and Branchley, 2003). This led to the decrease in the number of fatalities, the number of days away from work for the employees. Improved safety measures in the past 7 years also ensured that the numbers of oil spills decrease. Apart from that the amount of greenhouse gas emission has also decreased. The sustainability encompasses other important factors also like the people and performance. The last 7 years data indicate that the numbers of employees have increased sufficiently (John, 2010).

Improved employee satisfaction led to the retention of more number of employees. Working in BP requires staying away from home for long durations. So the intake of women in this line of work was always few and in fact negligible. The inclusion of women in its work force indicated the bold stride of BP towards the expulsion of gender bias from the work culture (Kahnmann and Tversky, 2001). In case of performance, there has been tremendous increase in the amount of dividend paid to shareholders and the contribution towards the communities.

The sustainability reports indicate that the company invested significantly to ensure that both the environment and the employees are kept from harm’s way. Although the recent oil spill of the BP in the Gulf of Mexico is an indication of the fact that BP has major gaping holes in its safety procedure. 2.2 Distribution The

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Managing for the Future Essay Example | Topics and Well Written Essays - 4000 words”, n.d.)
Managing for the Future Essay Example | Topics and Well Written Essays - 4000 words. Retrieved from https://studentshare.org/management/1481763-managing-for-the-future
(Managing for the Future Essay Example | Topics and Well Written Essays - 4000 Words)
Managing for the Future Essay Example | Topics and Well Written Essays - 4000 Words. https://studentshare.org/management/1481763-managing-for-the-future.
“Managing for the Future Essay Example | Topics and Well Written Essays - 4000 Words”, n.d. https://studentshare.org/management/1481763-managing-for-the-future.
  • Cited: 0 times

CHECK THESE SAMPLES OF Managing for the Future

Organizational Behavior (Paraphrase) wall-mart

Eleanor Westney: (2010) Managing for the Future: Organizational Behavior and Processes: South-Western College Pub, 471 Robbins P.... Organizational Behavior and the Individual In organizational set up, there has been gigantic progression in the area of business since many decades....
2 Pages (500 words) Essay

Facing the Future: Sustaining Business Competitiveness at Peanut Butter & Co

This study provides a look at three initiatives that an organization can take in order to survive in the market namely corporate social responsibility, technological changes, and environmental impact analysis.... It provides a case study on how these initiatives have been adopted by Peanut Butter & Co....
12 Pages (3000 words) Case Study

Self Evaluation of Personal and Academic Skills

I understand that my parent have made the sacrifice of taking my to college and that my future depends on my education.... I am excellent at managing writing skills appropriately, through the use of internet and with the assistance of my lectures ,I effectively utilize my writing and reading skills to get all my assignments done ....
8 Pages (2000 words) Essay

Strategic Future Planning

Deeper insight on the future of transportation and the role of biofuels was presented with the help of PESTEL analysis.... The reflection is about future suggestions that are identified from various analyses and self-evaluation.... The report was an exhaustive study including analysis of trends on bio-fuels, their usage, and current availability as well as future scenario development (Slaughter, 1996)....
7 Pages (1750 words) Essay

Managers of the Future Small Businesses

The researcher of this essay will make an earnest attempt to discuss and explore the question of managers of the future small businesses and the people and the soft skills they will require to successfully deal with the future challenges.... Some of the future trends are to be influenced by the forces of globalization whereas some of these will be general in nature.... Private sector organizations are growing in complexity and with increasing competition; it has become relatively difficult for the organizations to actually face the future....
10 Pages (2500 words) Essay

Planning and Managing for the Future - Inverleith Hotel

The paper focuses on evaluating the plans as well as objectives of Inverleith Hotel (B&B) for having a better understanding of the performance of the company.... Accordingly, measures are needed to be adopted for implementing the changes effectively for enhanced growth as well as the development of the hotel....
9 Pages (2250 words) Case Study

The Various Theories in the Field of Quality Management

ldquo;TQM is the way of Managing for the Future, and is far wider in its application than just assuring product or service quality – it is a way of managing people and business processes to ensure complete customer satisfaction at every stage, internally and externally.... The paper "The Various Theories in the Field of Quality Management" discusses that quality is one of the most essential aspects of every business and the success of a business is directly impacted by the quality of the processes, products and services....
8 Pages (2000 words) Research Paper

Similarities and Contrast between Scenario Planning and Competing on Edge

ONCEPTUALIZATION OF TERMSScenario planning: Scenario planning is considered as a tool for businesses in different industry in coping with the unpredictability, and gives insights to them in finding better solution for the future problems as they arise.... Thus, corporate planning, make use of multiple scenarios to characterize the range within which the future is likely to evolve.... The focus is not on forecasting the future, or fully characterizing its uncertainty, but rather on bounding the uncertainties”....
11 Pages (2750 words) Essay
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.
Contact Us