Every Organization has used many theories and models for implementation. The organizational theory has discussed total productivity and employees' performances. Organizational theories and models help to improve organizational business and help to expand business in the world market. Various types of theories have helped to improve the business sector. There are three different types of theories “Classical Organizational Theory, Neo classical organizational Theory, and Modern organizational theory". These theories help to build a proper business structure. It helps to improve employees' performances and provides many types of knowledge and experiences. Here, this report study will discuss the effectiveness of the leadership style of BP. This is a British oil and gas company in England and the headquarter of this company is situated in London. This company has used many types of theories and models that help to improve this company’s business. The company CEO has taken many entrepreneurial strategies and models that help to improve organizational business in the global market. These modern strategies help to improve the organizational performance of this company. Many types of motivational strategies have been used by the company for influencing employees' abilities.
Analysis of the effectiveness of the leadership style of the CEO at BP
Bp is a famous oil and gas company in London. This company is the largest in the global market and its revenues and profit rate are highly increased day by day. Many types of operational works have been improved by the company using organizational theory and models (bp.com, 2023). As per the report 2018, it is noted BP has expanded its business across 80 countries and the total production rate is 3.7 million barrels per day (Chithambo et al. 2020). The total revenue of the company is 19.945 billion barrels. Despite these, this company has provided their service to around 18,700 stations in the global market. The growth rate of BP is increasing rapidly because of the leadership style of BP. The CEO has applied many types of unique theories and models for improving the business of this company (Laar and Seymour, 2022). The CEO has taken the Autocratic leadership theory that has improved the organizational business of the company. CEO has applied this leadership style to utilize the employee's abilities and performances.
Autocratic Leadership theory helps to improve the business of this company. The CEO has taken this strategy for building good communication between leaders and employers. This theory helps to clarify the specific vision and mission of the company and clear the goals. It is noted that if employees understand the actual purpose of the company and get a clear image of the goal that helps to utilize their effort (Feroldi, 2021). The autocratic leaders have shared the main purpose of the company and its goals; therefore, all employees provide their best effort and work consistently. As a result, leaders have always supported their employees and provided good quality training and motivation (Vieira et al. 2022). Employees are increasing their work abilities for motivation and effective pieces of training.
Figure 1: Leadership Style
Leaders have hired aspired people who wanted to get clear direction and set a fixed target. A good work environment has been created for using this leadership strategy. As a result, BP has increased its business rapidly and its employees work effectively. This leadership style helps to improve the decision-making power of the leader which helps to take a proper decision for organizational implementation (Frostenson and Grafström, 2022).
Impressed By Case Study Piece Of Our Delivered Work?
A leader takes good decisions and then helps to improve organizational business in the global market. More people have engaged in this company for good quality facilities and opportunities. Customer satisfaction helps to improve the business of the company. Customers are satisfied and return good feedback about the company.
Task B
Role of CEO to enhance high productivity
The CEO of the Company has taken many responsibilities for managing an organizational business. Every organization has built up for the quality of the CEO. Most companies are running their business because of organizational theories and good strategies. Here, BP has taken many types of strategies and theories for improving business. As a result, employees have connected directly with their CEO (Ferns and Amaeshi, 2021). Many types of risks have been faced by the company but the CEO has taken many steps that help to improve organizational business. The budget issue, stakeholders’ issues and other operational risks have faced by the company (Essel and Addo, 2021). Therefore, the CEO has provided modern tools and techniques for improving business and reducing many operational risks.
Figure 2: CEO skills
The CEO has provided their best efforts for improving employees' abilities. High standards and procedures have been provided by the CEO of the company that helps to guide employees and improves their efforts. The CEO has provided intercultural communication theory that helps to expand business in the global market. Corporate governance policies have provided many types of strategies and decision-making skills that have developed business and many operational works. Many types of standards have reduced most of the risks that affect the business of the company (Ashok et al. 2021).
Grab the best Academic Assistance in just one click
Stakeholders have engaged mostly using corporate policies and people engagement helps to improve organizational business. The CEO has provided many training programs for improving leaders' and managers' abilities because they have connected employees directly. As a result, leaders have fulfilled employees' needs for organizational implementation.
Task C
Entrepreneurial Strategy and Corporate Governance policies of the CEO
Entrepreneurial Strategy of BP
The CEO of BP has taken an entrepreneurial strategy for more improvement of the business. This company has focused on three pillar strategies that help to grow oil refining engines and, in the meantime, it helps to invest in energy systems. In 2020, after using this strategy, this company developed their business in the global market. It helps to resilient hydrocarbons and it helps to convenience and mobility power. It helps to reduce carbon energy and saves the environment (Pham, 2020). Every company has increased when this company has taken a sustainability strategy. The entrepreneurial strategy helps to build many innovative and unique strategies that help to improve organizational business. The CEO has taken the zero-carbon emission rule for business growth. Every oil sector has polluted the environment when refining oil. As a result, most companies cannot increase their business in the global market (Agyabeng-Mensah et al. 2021). On the other hand, BP has taken the zero-carbon emissions rule for the safety of the environment.
Figure 3: Entrepreneurial Strategy
Entrepreneurship strategies help to improve the time management power of the employees. Every sector is increasing when their employees have adopted time management skills. Leaders of this company have provided many pieces of training and programs for improving employees' abilities (Ghlichlee and Bayat, 2021). Good communication skills help to communicate employees with leaders and managers also. As a result, this company is increasing their business easily and expanding business concepts in the global Market. Most leaders have collaborated with employees which helps to improve employees' working abilities and personal growth. As a result, after using the entrepreneurial strategy, employees have worked effectively and flexibly. These are helping to improve the organizational business of BP.
Corporate Government Policies of the CEO
The CEO has applied Corporate Government Policies for improving performance and people engagement. Strategy is part of the higher level and it helps to improve business. This policy helps to improve employee performance and is committed to safe employees' health. Many types of policies and procedures have been used by the company for improving business and building a good structure. Corporate governance policies help to improve stakeholders' engagement with the company (Pereira et al. 2021). Various types of facilities have been provided by the company for organizational implementation and stakeholder engagement. This policy helps to reduce many organizational risks and issues. Many operational risks have been faced by the company and using this policy, most risks have been reduced day by day. Therefore, it is said that it helps to improve the business of the company.
Task D
Effects of power, influence and conflict resolution
The sociological study of inner operations of companies and governmental institutions related to organizational theory. Analysis of any company's performance, behaviour and productivity is related to organizational theory. Assets can be a reflection of strength and impact in the majority of companies. There are more opportunities to compete for scarce funds in those sectors. This is the way of having more power (Elsayed and Ammar, 2022). Conflicts are hidden in such results by the need to struggle for those scarce resources. Disagreements between workers in any organization are very common. If it is supervised correctly then it can bring motivation for change and can also bring a positive effect on employee satisfaction.
Power is a very critical component in any organization. A person who has powers in an organization can be respected in the eyes of other employees. Mostly they are bound to respect the person who has all kinds of power. BP is a British-based company. It is one of the largest oil and gas companies. Initially, it was named British Petroleum Company (Li et al. 2022). But later the British Government became the company's stakeholder. The company has built oil fields and refineries and has speeded in several countries all around the world. In this above company, the most powerful person is the hierarchy of the company who are meant to be respected. The CEO of BP is Bernard Looney. He is the most powerful person in the company. Under his leadership, the company has grown to the high. Good leadership in any organization feel safe, secure and worthy enough. The CEO of BP has followed some strategies to grow the company (Kim, 2019). These strategies included setting goals for the company.
Setting a goal is the ultimate thing for any company as it sets the improvement and growth of the company. Another responsibility of a CEO is leadership. Leading the team helps to deliver ideas and to work on them. He has to maintain a dialogue with the chair to motivate all the employees. Taking risks is another key point of a CEO of the company while the fact comes for taking risks. It is always a little frightening. The employees can only rely on the confidence of the leader. The CEO of BP is completely successful to gain the belief of the employees.
Task E
Motivational strategies of the CEO of BP
The universal success of a company depends on the motivation that the employees are gaining from the leader. The CEO of the above-mentioned company has followed some motivational strategies as well as boosted the confidence of its employees by generating a particular goal and achieving that goal with proper strategies. He also followed the small goal along with the bigger goals. The CEO of the company sometimes has also followed the three pillar strategy which is, low carbon electricity and energy, convenience and mobility and resilient and focused hydrocarbons (Keashly et al. 2020). These three-pillar strategy taken by the leader of the company helps the company a lot in achieving its settled goals. Any organization is achieving consistently through its right kind of strategy which somehow boosts the employee's confidence.
Another area of motivation strategy is empowering the employees. Understanding the needs of the employees and helping them with that matter. In return, the employees also give their hundred percent to the work. The matter of employee retention ought to be looked after every time. The workers follow the same kind of strategy every time which will be monotonous for them as well. That is why it is necessary to have creative kinds of motivation like reward-based motivation, power motivation, achievement motivation and sometimes fear-based motivation as well if necessary (Rzhevska, 2022). Motivation, strategy and leadership are interlinked with each other. A CEO is often looked at as the mentor for the employees who encourage him rather than micro-managing any task. It derives motivation from the employees. Some CEOs did all the things just to achieve personal growth.
Therefore, when it’s all about the growth of an organization this kind of attitude is not allowed. Engagement with the customers builds a strong connection. In future for the growth of BP, they have to increase more connection with the customers. The company is aiming to reach 15 million customers a day in 2025 and gradually wants to increase the number day by day. Their growth was 21% in 2021 and gradually number is increasing (Yu, 2022). This much growth of a company attracts more employees to rely on their lives. This growth has settled the mindset of the employees of the company and they are happily doing every work.
Task F
Justification of appropriate corporate examples and literature
The above-mentioned strategies that are used in the articles are genuine ways to grow fast for any kind of company. These help any company to achieve its settled goals in a very short period. The right kind of action, strategy and motivation help the employees. There are many different strategies to take action based on different strategies according to the need of the company. The above-mentioned strategies are taken by the CEO of BP Who helps the company to grow from time to time (Ertosun, 2020). This oil firm increased its profit by approximately $12.81bn with the promise to invest more shortly. And through this strategy, they are even thinking of generating more branches around the world. As an oil-based firm maybe it will be a little difficult to solve every problem that will come the way. In that case, the company may have to take the help of the government.
Many other oil-based companies are Saudi Aramco, Marathon Oil, Chevron, and Shell. They are the world's largest companies. Their secrets also lie in their strategies and action taking things. All the big companies don't follow the same strategy. Therefore, these all companies follow all the basic rules that will help the company to improve and to grow (Keiland Alber, 2020). Leadership strategies help to motivate employees. These all companies believe in taking risks for their company and their employees as well. Because they know it’s really hard to take the risks but think about the future and priorities that thing over fear.
Recommendation
Recommendation 1: Recommended to improve cultural ethics and build intercultural communication
It is recommended that BP is a large company in the global market. This company wants to expand its business in the global market. Therefore, this company needs intercultural communication. Cultural barriers have faced many issues and it destroys business. Many surrounding countries people have engaged in this company and their cultures are different from one another (Chawla, 2020). All employees need to accept intercultural rules and regulations then it will be effective for improving business in the global market. Every employee has liked their own culture; therefore, leaders need to improve their knowledge and skills that help to improve their abilities.
Recommendation 2: Recommended to save the environment and build a good work environment
It is recommended that proper strategies need for saving the environment from pollution. Despite having all the achievements like any other organization BP is also facing some issues. Any companies that are going higher always face some challenges. As they grow the challenges also grow. Like another BP is also facing challenges. As an oil bases company, it is somehow affecting the environment. As an oil-based company, it sometimes explores and sank. Because of that the workers who work there are at high risk (Vesperi et al. 2021). In past years also the company explored and blast many times. For that reason, some workers have to give their lives. Which is a big issue? This job is kind of life-threatening for the workers who are working there. Sometimes it explodes unknowingly which is a big issue for the environment issue. It causes many problems as it impacts climate change. To resolve this environmental problem the company has to be more attentive towards the firms. They have to look after matters like water quality, natural habits etc.
Conclusion
It is concluded that BP is a multinational company in the global market. This company has produced oil and gas and it expands worldwide. Leaders of this company have taken many types of steps for improving employees' abilities. The CEO of the company has applied an autocratic leadership style that helps to improve organizational business in the global market. Autocratic Leaders have provided good-quality facilities and flexibility for their employees. Therefore, employees get more facilities for good communication with employees. Autocratic leaders have taken proper decisions for improving this business. As a result, employees get a structure it helps to improve employees' abilities, they get a specific vision and set their goals.
After completing all Tasks, many types of strategies and methods have been got from this study. Therefore, it is understood that organizational theories have improved the business of the company. The CEO of BP has taken many unique strategies and theories that help to improve business. Entrepreneurial theories have been used by the company CEO that helps to improve organizational business. This strategy helps to improve good communication with employees and leaders. Leaders have provided many ways for improving employees' abilities that help to improve the business of the company. Corporate governance policies have helped to improve risk management skills and many operational risks have been reduced by using this policy.
References
Journals
Agyabeng-Mensah, Y., Ahenkorah, E., Afum, E. and Owusu, D., 2020. The influence of lean management and environmental practices on relative competitive quality advantage and performance. Journal of Manufacturing Technology Management, 31(7), pp.1351-1372.
Ashok, M., Al Badi Al Dhaheri, M.S.M., Madan, R. and Dzandu, M.D., 2021. How to counter organisational inertia to enable knowledge management practices adoption in public sector organisations. Journal of Knowledge Management, 25(9), pp.2245-2273.
Chawla, P., 2020. Impact of employer branding on employee engagement in business process outsourcing (BPO) sector in India: the mediating effect of person–organization fit. Industrial and Commercial Training.
Chithambo, L., Tingbani, I., Agyapong, G.A., Gyapong, E. and Damoah, I.S., 2020. Corporate voluntary greenhouse gas reporting: Stakeholder pressure and the mediating role of the chief executive officer. Business Strategy and the Environment, 29(4), pp.1666-1683.
Elsayed, N. and Ammar, S., 2020. Sustainability governance and legitimisation processes: Gulf of Mexico oil spill. Sustainability Accounting, Management and Policy Journal, 11(1), pp.253-278.
Ertosun, Ö.G., 2020. Constructive conflict resolution: The role of leader personality. In Handbook of Research on Positive Organizational Behavior for Improved Workplace Performance (pp. 291-309). IGI Global.
Essel, R. and Addo, E., 2021. SMEs Corporate Governance Mechanisms and Business Performance: Evidence of an Emerging Economy. Journal of Governance and Integrity, 5(1), pp.155-169.
Ferns, G. and Amaeshi, K., 2021. Fueling climate (in) action: How organizations engage in hegemonization to avoid transformational action on climate change. Organization Studies, 42(7), pp.1005-1029.
Feroldi, D., 2021. Understanding resilience in the 2007-2008 global financial crisis: lessons from organisational theory and virtue ethics.
Frostenson, M. and Grafström, M., 2022. Mediatisation and the construction of what is morally right and wrong in contemporary business. Media, Culture & Society, 44(3), pp.532-548.
Ghlichlee, B. and Bayat, F., 2021. Frontline employees’ engagement and business performance: the mediating role of customer-oriented behaviors. Management Research Review, 44(2), pp.290-317.
Keashly, L., Minkowitz, H. and Nowell, B.L., 2020. Conflict, conflict resolution and workplace bullying. In Bullying and harassment in the workplace (pp. 331-361). CRC Press.
Keil, S. and Alber, E., 2020. Introduction: Federalism as a tool of conflict resolution. Ethnopolitics, 19(4), pp.329-341.
Kim, I., 2019. A crude bargain: Great powers, oil states, and petro-alignment. Security Studies, 28(5), pp.833-869.
Laar, D.S. and Seymour, L.F., 2022. The Nature of Business Process Redesign in Small and Medium-Sized Enterprises in a Developing Country Context.
Li, M., Trencher, G. and Asuka, J., 2022. The clean energy claims of BP, Chevron, ExxonMobil and Shell: A mismatch between discourse, actions and investments. PloS one, 17(2), p.e0263596.
Pereira, V., Budhwar, P., Temouri, Y., Malik, A. and Tarba, S., 2021. Investigating Investments in agility strategies in overcoming the global financial crisis-The case of Indian IT/BPO offshoring firms. Journal of International Management, 27(1), p.100738.
Pham, H., 2020. Impact of human resource management practices on enterprises' competitive advantages and business performance: Evidence from telecommunication industry. Management Science Letters, 10(4), pp.721-732.
Rzhevska, N.F. and Borotkanych, N.P., 2022. International experience in conflict resolution: US-China conflict of interests. RevistaCientífica General José MaríaCórdova, 20(38), pp.307-321.
Vesperi, W., Ventura, M. and Cristofaro, C.L., 2021. Conflict management as an organizational capacity: survey of hospital managers in healthcare organizations. Measuring Business Excellence, 25(4), pp.390-406.
Vieira, L.C., Longo, M. and Mura, M., 2022. From carbon dependence to renewables: The European oil majors' strategies to face climate change. Business Strategy and the Environment.
Yu, X., 2022. Motivation and Work Engagement of the Millennials in the Workplace: Youkang Company Experience. International Journal of Applied Research in Management and Economics, 5(2), pp.44-58.
Share this
Cite This Work
Go Through the Best and FREE Case Studies Written by Our Academic Experts!
