Smart objectives of bp

Smart objectives of bp Task Three SMART Objectives of BP BP Objectives are prepared according to SMART (Specific, Measurable, Achievable, Realistic, and Timed).That means it should be particular about what we are going to achieve and should quantify about the objectives. There are a several types of objectives that all can be done in the SMART format. Process objectives Impact objectives Outcome objectives Personal objectives BPs five year plan objectives are, Increase profitability by 20% Increase production Financial gain by serving to the increasing demand Build brand value that was affected by the oil spills Five year development plan for BP Business plan is a statement about companys future goals and plans to achieve those goals. This can be externally focus or internally focus. BPs Strategies in progress can state as, Upstream growth Downstream turnaround Alternative Energy: focused disciplined Corporate simplification In the upstream will focus on cost and capital efficiency to deliver profitable growth. In the downstream will drive further efficiencies and a focus on quality and integration. They will maintain their disciplined approach to alternative energy and will continue to unlock corporate efficiency through a culture of continuous improvement. Five year development plan for BP # Objective Strategy Actions Performance Indicators Time Period 1 Increase profitability by 20% Research and development Hire most qualified researchers Innovative ways of doing things One year 2 Increase production Acquisition of north sea area. Negotiations with governments and agreeing for a joint profit sharing. Coming into an agreement with relevant governments Two years 3 Financial gain by serving to the increasing demand Sales and Marketing approaches to increase market share Recruiting experienced sales and marketing people and objective training Acquiring new market opportunities, increase the market share One year 4 Build brand value that was affected by the oil spills Communication and promotion strategy Using new media opportunities of social media to build brand name again, invest in CSR activities in Go Green. Reduce the black mark 3 years Evaluating and implementing the plan In corporate strategy, Johnson, Scholes and Whittington present a model in which strategic options are evaluated against three key success criteria Suitability (would it work?) Feasibility (can it be made to work?) Acceptability (will they work it?) (Source-: http://en.wikipedia.org/wiki/Strategic_management) # Objectives Time Line 1 year 2 year 3 year 4 year 1 Increase profitability by 20% X 2 Increase production X X 3 Financial gain by serving to the increasing demand X 4 Build brand value that was affected by the oil spills X X X Conclusion When it is mention about the strategic management and the leadership strategic planning is a major part of it. Strategic planning can divide in to three stages as strategic Analysis, Strategic Options and Evaluation and Implementation. The British petroleum Corporation is a well established organization in petroleum industry and here it is mentioned about the strategy and competitive advantages of the BP and the technical tools which could they can use to analysis situations. The porters five forces investigation helps identify the competitive environment BP analysis their market for Quality production. There are so many competitors like Solar, sharp in the market and BP establish with mass production. By doing the SWOT analysis its helping company to identify the internal and external environment of the company. BP is focused on customers and they believe in their productions. They used the oil plus solar power combination and they used product segmentation, improve cost efficiency and some more strategies to increase their profits. They have created value through technology and this is a barrier for their competitors. Company can use strategy clock, Ansoff growth matrix tools to analysis their position in the market. To develop strategic options first it should identify the external context and priorities and clusters. Then it should develop the strategic options. SOP matrix is best tool to identify the strategies of the company.

Bad Trip

It is a critical issue that drug war is becoming a source of the destruction in America. Joel Miller talks about this in his book â€Å"Bad Trip† his argumentative thoughts and laments about this drug-war mentality. In this essay, there are three points that Miller wants to emphasize: the war against drugs did not make America better; rather it produces a greater problem to the States.Secondly, this drug prohibition will not end drug use as he mentioned but will only force the consumer to break the law just to get what they want and lastly, he argued about human or individual rights of these people who became addicted to drugs and that there is a way to get rid of this mess. Miller state in his tome that it has been clearly seen that crime has increased, corruption is more obvious, because of their intervention on drugs prohibition.It shows that the State has been put under anxiety in which, its privacy has been taken away since people who are involved in this drug gang were e ndangered, and hundreds of American people has been put to jail, law enforcement has been militarized and constitutional liberties has been break off until even lives has been risked because of this intercession. Sheriff Arpaio’s private, named Howie has been mentioned in his book which he talks about the growing militarization of law enforcement.Because of this fight against wars on drugs the government uses its power to grab control over the property, liberty and worst, the lives of the Americans. Miller note down that the policy against narcotics was far from the simple attempt to get rid of it, and it comes with strings attached that in the end, these strings tightens around the necks of American which suffers their liberty and lives. Talking about this prohibition that triggers the American to do what they want, as mentioned in Millers Bad trip, there has been a very big violent gang crime that happened in L.A. in this violence is responsible for more than half of the ci ty’s murders. And drug trade is the so much related t why this gang violence happens. As a result of prohibiting drugs, the government drives the business into the criminal underground, where violent people who are ready and willing to disobey the law get involved wherein they step into the drug trade at all levels. Such levels include the growing of poppies and coca to produce heroin and cocaine, there is the protection for growers, they protect the traffickers or they are the ones who do the trafficking.The thing is, this has been less given attention and address by the administration. With this, they levy taxes for their services and in this manner; they fund their attacks against America’s interest. Survey says, that gangster possess great handiness, that’s why they are the ones who flourish in the black market. And finally, Miller proposes a solution in order for the Americans to be pulled out of this mess. And this is by advocating drug legalization which will effectively stop this problem instead of allowing people to use drugs or abuse it.In Miller’s opinion, this conclusion demands that America accept some form of drug legalization that will effectively get rid of the drug-control industry but depend on an organization of cultural controls, mainly family and faith in order to dissuade drug abuse. Miller stresses that what the State does, society quits doing. And in his conclusion, so long that drug-war mentality instills in us, we’ll be defenseless and incapable of stopping the liberty- smothering growth of government, and so that the government still have to learn from it before the nation ultimately suffers.

Effective Communication Is Vital for Sucees in...

Effective communication skills are vital to success in professional, corporate, and academic environments. We are evaluated daily on our ability to communicate efficiently in interactions that take place at work, as well as in our personal lives. According to Faye and Jerry Wisner, communication is the process by which we verbally or nonverbally convey a message to another person or a group of people in a way that can be received and understood. The two types of communication found to be most effective are verbal communication and non-verbal communication. Verbal communication is the procedure of articulating instructions or interpretations by word of mouth. As human beings we use this type of communication frequently, in a variety of†¦show more content†¦Nonverbal communication reinforces, and gives emphasis to verbal communication. Nonverbal communication is expressed by facial expression, eye contact or lack of eye contact, vocal qualities such as pitch, volume, rate, and tone, gestures, posture, touch, personal space, appearance, and clothing. These various forms of nonverbal communication can either clarify verbal communication or create miscommunication. In the workplace, nonverbal communication can improve the way people interpret and absorb your communication. It is a reflection of how a person is feeling in relation to what they are saying, as well as a reflection of a person’s initial reaction to the message you are conveying. Consciousness of your nonverbal communication when you are communicating a verbal me ssage allows those receiving it to decipher the message that way you expected them to. A common occurrence is for people to send conflicting verbal and nonverbal messages. Whenever a message contradicts the verbal message, the nonverbal message is the message that will be understood. According to studies by UCLA professor Albert Mehrabian body language accounts for 55% of a first impression; 38% comes from tone of voice; 7% comes from our actual words. Unequivocal non-verbal communication skills are fundamental in order to communicate effectively in the workplace. Ultimately, this can be accomplished by being aware of gestures while