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    BP Exploration (BPX) : Presented By: Anum Rashid Ashrafi Bba 7D

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    tabish_khan
    BP Exploration (BPX) is an oil and gas exploration and production company with $361 billion in annual sales. It has over 92,000 employees working in 29 countries. BPX manages performance through processes like performance contracting, personal development planning, feedback sessions, competency reviews, and people management standards. It aims to grow its people and link performance to pay. Recommendations include focusing activities, creating accountable business units, improving systems, and cultivating a performance-oriented culture.

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    BP Exploration (BPX) : Presented By: Anum Rashid Ashrafi Bba 7D

    Uploaded by

    tabish_khan
    37 views20 pages
    BP Exploration (BPX) is an oil and gas exploration and production company with $361 billion in annual sales. It has over 92,000 employees working in 29 countries. BPX manages performance through processes like performance contracting, personal development planning, feedback sessions, competency reviews, and people management standards. It aims to grow its people and link performance to pay. Recommendations include focusing activities, creating accountable business units, improving systems, and cultivating a performance-oriented culture.

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    Bp Exploration Final

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    BP Exploration (BPX) is an oil and gas exploration and production company with $361 billion in annual sales. It has over 92,000 employees working in 29 countries. BPX manages performance through processes like performance contracting, personal development planning, feedback sessions, competency reviews, and people management standards. It aims to grow its people and link performance to pay. Recommendations include focusing activities, creating accountable business units, improving systems, and cultivating a performance-oriented culture.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    37 views20 pages

    BP Exploration (BPX) : Presented By: Anum Rashid Ashrafi Bba 7D

    Uploaded by

    tabish_khan
    BP Exploration (BPX) is an oil and gas exploration and production company with $361 billion in annual sales. It has over 92,000 employees working in 29 countries. BPX manages performance through processes like performance contracting, personal development planning, feedback sessions, competency reviews, and people management standards. It aims to grow its people and link performance to pay. Recommendations include focusing activities, creating accountable business units, improving systems, and cultivating a performance-oriented culture.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 20

    BP EXPLORATION ( BPX )

    Presented By:

    Anum Rashid Ashrafi


    BBA 7D
     INTRODUCTION
    FACTS AND FIGURES
    $361 billion (at 31 Dec 2008)
    Sales and other operating revenues
    Replacement cost profit $25.6 billion (year 2008)

    Number of employees approx 92,000 (at 31 Dec 2008)

    In excess of 1.2 million (at 31


    Number of shareholders
    Dec 2008)
    18.1 billion barrels of oil
    Proved reserves
    equivalent
    Service stations 22,600
    Exploration and production Active in 29 countries
    PRODUCTS AND SERVICES

    Road Home Business


    Gas and fuel cards Liquified Petroleum Gas (LPG) Air BP
    Gas and petrol stations Solar powered energy ARCO Aluminum
    Motor oil and lubricants BP Crudes
    Route & journey planner BP Franchising
    Gas and petrol station Gas and fuel cards
    Gas and power energy
    Industrial lubricants
    Invoice tracking system
    Marine fuels and lubricants
    Solar power for business
    Issues effecting management
    of performance processes:
     The business BPX does
     The way BPX does business
     The shape BPX is in
     
    OVERALL APPROACH TO
    MANAGING PERFORMANCE
    UNDERLYING PRINCIPLE AT BPX

    “BPX will not grow until its people grow”

    Define boundaries
    Provide directions
    Provide space
    Provide support
    MANAGING PERFORMANCE PROCESSES
    Performance contracting

    Personal Development Planning

    One-to-one Performance Feedback

    Upward 360- Degree Feedback

    Competency and Skill Reviews

    People Management Assurance standards.


    The Performance Contract Process

    Process at Asset Level

    Process at Individual Level


    Personal Development Planning
    The Development Map
    ONE TO ONE PERFORMANCE APPRAISAL

    Agreed Objectives
    Performance Review
    The essential Behaviours ‘check list’

     UPWARD FEEDBACK
    Competencies and Skills

    Competency
    Attainment of performance against standard
    One distinguishes superior performance

    Skills
    Basic
    Developing competence
    Fully conversant
    Expert
    People Management Assurance Standards

    Link to Pay
    CONCLUSION
    RECOMMENDATIONS
    • Focusing the activities of the firm to a select set;
    • Creating business units with clear scope of responsibility
    and clear accountability;
    • Giving strong incentives for unit performance;
    • Linking units horizontally rather than requiring all
    communication to pass up and down through the
    hierarchy;
    • Flattening the hierarchy and increasing spans of control;
    • Outsourcing;
    • Improving information, measurement, and
    communication systems; and, ultimately,
    • Creating a culture oriented to delivering performance.
    Questions..?

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