Strategic Management of BHP Billiton
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Added on 2019-09-26
Strategic Management of BHP Billiton
Added on 2019-09-26
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Strategic ManagementBHP BillitonStudent Name: Student ID: Course Name: Course ID:Faculty Name: University Name:
1Executive SummaryThe whole world has currently been experiencing a global product boom, and BHP Billiton has formulated development plans and enhanced shareholder value during this time. The main motive behind conducting the strategic analysis of BHP Billiton is to identify key areas of the organization and give suggestions about the strategic issues related to the performance and operation of the organization. There are certain core competency areas that have been identified, namely, the ability of the company to develop growth plans and managing the organizational structure. It has been observed that the company needs to ensure that its customer service orientation stays intact along with its ability to effectively manage the company finances for better sustainability.
2Table of ContentsExecutive Summary.........................................................................................................................1Introduction......................................................................................................................................3Strategic Analysis............................................................................................................................3Political Factor.............................................................................................................................3Environmental Factor...................................................................................................................3Social Factor................................................................................................................................3Technological Factor....................................................................................................................3Environmental Factor...................................................................................................................3Legal Factor.................................................................................................................................3Summary......................................................................................................................................3Value Creation.................................................................................................................................3Porter’s Value Chain....................................................................................................................3Core Competencies......................................................................................................................4Summary......................................................................................................................................4Sustain and Enhance Value Creation...............................................................................................4Conclusion.......................................................................................................................................4References........................................................................................................................................4
3IntroductionBHP Billiton is a mining, gas and oil organization which is headquartered in Melbourne, Australia. It is considered as the world’s largest organization measured by revenue. It was established in 2001 through the merger of Anglo-Dutch Billiton Plc. and the Broken Hill Proprietary Organization Limited (Limpitlaw et al, 2005). The strategy is known as a careful method or plan for obtaining a particular goal usually over a long period of time. Having a focused and clear strategy is critically necessary for the success of the organization. In the absence of well-defined strategy, the organization may fail in attaining its objectives. Importanceof strategy is following: 1.Provides Action Plans and Directions: Strategy helps the organization in establishing a concise, clear and strategically sound path which provides direction to the organization. Strategy also proposes action plans to achieve predetermined goals of the organization.2.Aligns and Prioritizes Activities: Formulating strategy is about choices, allocating resources to strategic initiatives, establishing priorities and coordinating to fulfill desired outcomes.3.Define Accountabilities: Formulation of strategy helps the organization in defining clear lines of its accountability and timeliness for fulfilling desired outcomes on the prepared strategic initiatives.4.Provides a Framework for Ongoing Decision Making: Formulating a strategy helps the organization in decision making. It is necessary that all decisions should support strategy as the strategy is considered as an important point for decision making.
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