Revitalising an oil giant: An interview with Dr Tony Hayward, Chief Executive of BP

O'Regan, Nicholas; Ghobadian, Abby

Abstract

© 2010, © Emerald Group Publishing Limited. Purpose – The purpose of this paper is to demonstrate how key strategic decisions are made in practice at a successful FTSE 100 company. Design/methodology/approach – The paper is based on semi-structured interview with the Chief Executive of BP, Dr Tony Hayward. Dr Hayward has introduced his “Forward Agenda” with the aim of turning BP into a more efficient and simpler organisation to achieve operational efficiency. Findings – The paper sheds light on ingredients of successful transformation, key elements of growth, strategy implementation, and the link between corporate responsibility and strategy. Practical implications – The paper presents views of a successful chief executive of a FTSE 100 company. It provides an insight on how strategy is made and executed. Originality/value – The paper bridges the gap between theory and practice. It provides a practical view and demonstrates how a leading chief executive thinks about key strategic issues.

• Journal Article Type: Article
• Publication Date: May 18, 2010
• Journal: Journal of Strategy and Management
• Print ISSN: 1755-425X
• Publisher: Emerald
• Peer Reviewed: Not Peer Reviewed
• Volume: 3
• Issue: 2
• Pages: 174-183
• DOI: https://doi.org/10.1108/17554251011041805
• Keywords: strategic management, decision making, corporate social responsibility, business development
• Public URL: https://uwe-repository.worktribe.com/output/987316
• Publisher URL: http://dx.doi.org/10.1108/17554251011041805