Research indicates that BP is the fifth largest company and ranks third when ranked with other global energy companies.
The need to share and learn drives staff towards dual citizenship: Co-evolving with Internal and External Players Internally, the organization co-evolves with each business unit, department and function. The knowledge management methodology pioneered in BP's is encompassed by a simple framework, which describes a learning cycle — before, during and after any event — which is supported by simple process tools.
The lessons arising from that learning loop are agreed and distilled by a community of practice. Finally, the lessons — both specific and generic are incorporated into "Knowledge Assets" on the corporate intranet.
Benefits The business benefits of applying a consistent approach to knowledge management have been significant. BP business managers attributed hundreds of millions of dollars of added value as a direct result of using this approach.
A practical example of this has been in the cost reduction in the construction British petroleum European retail sites: The Alliance a joint venture between BP and Bovis is responsible for the management of these activities in Europe. The Alliance was engaged in the benefits of knowledge management and invited the BP KM Team to help them achieve this outcome.
This knowledge is now also being leveraged on a global scale by project engineers in Venezuela, China, Poland, and Japan. From his perspective, learning provides the catalyst and the intellectual resource to create a competitive advantage.
The way we see it, anyone in the organization who is not directly accountable for making a profit should be involved in creating and distributing knowledge that the company can use to make a profit," says John Browne. Browne has developed an action plan for competitive corporate learning to spur changes in people's attitudes and ultimately formal and informal rules that govern the organization's behavior.
Most activities or tasks are not onetime events.
Whether it's drilling a well or conducting a transaction at a service station, we do the same things repeatedly. Our philosophy is fairly simple: Every time we do something again, we should do it better than the last time," says John Browne. The aim of VTP was to encourage the sharing of knowledge and to motivate the business units to utilize IT tools to improve their business.
The VTP was designed to enable employees to share task-specific knowledge and develop partnership relationships with the employees of other units.
Later the company launched a series of KM initiatives, which yielded excellent financial results for its business operations.
John Browne, British Petroleum's has a personal interest in the subject, and established KMT to champion and harness the benefits of organizational learning both within and across its flattened hierarchy.
In order to integrate the efforts of the business units engaged in the same business activities, they were organized into peer groups.
They met periodically to discuss the performance of their businesses. A flat organization was established. The number of management levels was reduced from 13 to The Brilliantly Profitable Timing of the Alaska Oil Pipeline Shutdown For The Guardian (UK) Is the Alaska Pipeline corroded?
You bet it is. Has been for more than a decade.
Did British Petroleum shut the pipe yesterday to turn a . Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
All times are ET. BP is one of the world's leading integrated oil and gas companies. We provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging.
Find out what women who work at British Petroleum (BP) say about their salary, maternity leave, schedule flexibility, gender equity, and more. High quality British Petroleum inspired T-Shirts by independent artists and designers from around the tranceformingnlp.com orders are custom made and most ship worldwide within 24 hours.
Profits at oil giant BP have fallen by 44% Profits at oil giant BP have fallen by 44% to $ million (£ million) in the second quarter. BP boss Bob Dudley said the slump in underlying.