Jonathan Stradling May 21st, 2012 MGT/230 Paige Cooke

Overview
The planning function of management
The influence of legal issues, ethics and corporate

responsibility on British Petroleum (BP) The factors that influence, strategic, tactical, operational and contingency planning

The Planning Function of Management

Board of Directors Identify Strategic Goals Upper Management Develop Tactical Plans Department Managers Create Operational Plans

Strategic Goals
Increase Stock Value
Rebuild Public Trust Improve Global Environmental Image

The Planning Process

For each goal tactical plans must be created Identify plan Identify and evaluate alternatives Develop plan

Including operational plans per department Roll out new systems and controls Monitor progression towards goals and employee output

Implement

Monitor and Control

Influences to be Addressed
Legal Issues Backlash from Gulf Spill, Terror activities in Middle East Ethics Issues Environmental protection, ocean health and sea life Corporate Social Responsibility Building positive image through responsible practices

External and Internal Factors

Globalization Becoming a world wide leader in safety Technology Using the latest technological advancements to improve drilling practices Innovation Create systems that help local businesses & communities and support wildlife while still creating energy Ethics Using the Earths natural resources wisely to ensure sustainability of our planet and our organization

Connections
Strategic Goals
Increase Stock Value Rebuild Public Trust Improve Global Environmental Image

Tactical Goals

Address Legal Issues Analyze Ethical Issues Accept Corporate Responsibility

Operational Plans

Use technology and innovation to ensure safer and responsible drilling Help grow local businesses Protect the environment while producing energy

Questions?