BAKER HUGHES
Introduction
Baker Hughes, one of the largest companies in oil services and industry that is well known for oil and gas industry with products and services for drilling, production and reservoir consultancy. It also provides assistance to operators in making the most out of their reservoir.
The incorporation was formed when the two, Baker International and Hughes Tool Company merged in 1987. The story behind this merge is Baker and Howard Hughes's breakthrough inventions that transformed the whole fledging petroleum industry. In 1907, Baker produced a casing shoe that restructured the cable tool drilling. In 1909, while Howard Hughes introduced the first two-cone drill bit that radically improved the rotary drilling process.
Currently, the company has more than 60,000 employees who work in more than 90 countries to help customers in finding, evaluating, drilling , producing, transporting and processing their resources. The company is also organized into four regions which are Europe, Africa, and Russia Caspian (EARC), Middle East and Asia Pacific(MEAP), North America, and Latin America, with head Quarters in Houston, TX, United States of America.
Explain the organizational structure of the firm (drawing is obligatory). Which type are they adopting?
• Chart
Baker Hughes has a strong organizational structure, due to its competitive workforce, that is broken down into diverse departments like HR, finance, operations, and marketing departments. inside these departments all workers have a subtitle such as HR Analyst, Controller of Finance, Department Administrator, and Operations Marketing Account Manager.
Baker Hughes has its large vertical structure with emphasizing ...
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...ts in case it needs more information to make a better decision
• 5. Refer: The project can be transferred and referred to a group that is best associated with its application. The most important stage is approval/refusal of the product/service. The difference between the past and Nowadays in Baker Hughes Stage and Gate process is that in the past, they used to approve a project if it is attractive regardless whether the have sufficient resources or not. But this created the problem of having too many projects in the pipeline that needs to be executed, and it eventually slowed down the progress of innovation in the company. This issue has been resolved by providing the management with extra information about the resources necessary to complete a project and according to the resources they take the decision of whether to execute or kill the project.
Conclusion
What is the form of organization that Fenton, Hoffer, and Le Tuan first chose for Couchsurfing International? Assess the advantages and disadvantages of the major organizational forms mentioned on Chapter 8. Which of these would have been best for the company when it was founded?
Imperial Oil ltd. Limited (Esso) is a Canadian public corporation that produces crude oil and natural gas. Currently the headquarters are based out of Calgary, Alberta employing over 5000 people, with Exxon Mobil owning 69.6 percent of the company. Imperial Oil ltd. was previously located in Toronto and has recently moved all main facilities over to the Calgary, Alberta headquarters.1 Esso was incorporated in London, ON in 1880 and became a land mark in the development of crude oil and natural gases.1 Its retail business consists of service stations and "On the Run Express and Tiger Express-brand" convenience stores. Esso also owns a 25% portion of Syncrude, which are the world’s largest oil sands.1
The Organisation structure of a company addresses the fact that every organisation has specific units that are responsible for different roles and actions in the organisation and that no department within the organisation stands alone, they are intertwined. The organisational chart or structure should be designed to divide up the work load, responsibilities and roles to be done
Chick-fil-A’s organizational structure can be described as a type of department, or functional, organizational structure, where the Founder/Chairman/ Chief Executive Officer (CEO) is at the top of the organization, followed by a President/Chief Operating Officer (COO) and several Vice Presidents (VP) of functional areas, such as the “Dwarf House,” finance, marketing, design and construction, and operations. In the Midwestern University location of Chick Fil A, the organizational chart looks like
First is to examine each of those projects to the corporate objectives, compare and contrasting project selection criteria and justify why a project meets the selection criteria.
Over the last 50 years, The Boeing Company has shown itself to be an industry leader in the fields of technology and putting their vast physical assets to use. Boeing has been at the forefront of innovation in both commercial aviation, and airplanes used for defense purposes. Whether it was the introduction of the first modern airplane with dual engines when the Boeing 247 was unveiled or introducing new standards of efficiency into their business model, Boeing seems to have always been one step above the competitors. So while Boeing was hurting their competitors on one end, they decided to go and become more efficient on the other end. So not only were they the leader in technological innovation, they improved the productivity of their largest business unit all while decreasing the amount of space they used.
Organisational Structure, Culture, and Management Style of a Business C2 An Analysis of How the Organisational Structure, Culture And Management Style of the Business Affects its Performance and Operation and Help It to Meet Its Objectives The organisation structure of Wednesbury IKEA The organisation structure in the ‘Appendix section’ belongs to the Wednesbury branch of IKEA. Wednesbury IKEA is a large formal organisation and it is best suited to a hierarchical organisational structure. This is because; there are more employees as it goes downwards from each level.
To make it more clear and for example, the Production or operations function combines activities directly related to manufacturing a product or delivering a service. Marketing focuses on the promotion and sale of products and services. Human resources are responsible for attracting, retaining, and enhancing the effectiveness of organization members. Finance is concerned with obtaining and managing financial resources. The advantages and Disadvantages of this structure are as follows: Advantages: In depth Development of expertice Clear career path within function Efficient use of resources Possible economies of scale Ease of coordination within function Potential technical advantage over competitors Disadvantages: Slow response time on multifunctional problems Backlog of decisions at top of hierarchy Bottlenecks due to sequential tasks
Organizational structure within an organization is a critical component of the day to day operations of a business. An organization benefits from organizational structure as a result of all it encompasses. It is used to define how tasks are divided, grouped and coordinated. Six elements should be addressed during the design of the organization’s structure: work specialization, departmentalization, chain of command, spans of control, centralization and decentralization. These components are a direct reflection of the organization’s culture, power and politics.
and other resources needed to achieve goals. Organizing activities include attracting people to the organization, specifying job responsibilities, grouping job into work units, marshaling and allocating resources, and creating conditions so that people and things work together to achieve maximum success (Bateman & Snell, 2011). When a company is able to successfully organize each portion of their business, they will then be able to maintain a strong foundation. A company that has managed to be successful through its well use of organization is that of General Electric Company. They have what it is called a ‘flat’ structure in which everyone becomes equal (Clawson, 2012). General Electric used to have 29 levels, but today it has only a handful of layers (Bateman & Snell, 2011).
In order for one to evaluate and identify with the diverse business structures, he/she must be aware of the meaning and standards that makes that structure. Various businesses functions in different ways as the world is full of technology and new structures, company cultures and new ways in which companies are run. In order to fully grasp the concepts of Organizational structure and culture in the movies, I will use the Movie Up in the Air and The Devil Wear Prada movies to analyze a business scenario from them.
Organizational structure is the way that an organization arranges people and jobs so that work can be performed and goals can be achieved. Good organizational design helps communications, productivity, and innovation. Many organization structures have been created based on organizational strategy, size, technology, and environment. Robbins and Judge (2011, p. 504) listed three common structures: simple, bureaucracy, and matrix. In this post the author will describe the matrix structure, and discuss its advantages and disadvantages.
Business structure is a critical factor to determine a company 's success or failure. Generally, larger organization has a more complex organizational structure. In the case of H&M, they had adopted matrix structure, one of the traditional organizational structure, into their business. As shown in figure 1, range of functional groups is listed horizontally across the table and on the other is product/task with a manager taking control of each. The functional structure is divided
RIGZONE (2013) Malaysian Oil, Gas Service Firms Focus Overseas. Available from: http://dayagroup.com.my/wp-content/uploads/2013/08/Rigzone.com_250713.pdf [Accessed 23 October 2013].
They outsourced and gave a quick training on project management for 50 employees (out of 300), some of which were place as part of the committee to create a project management methodology for the company. After two months of meetings, and mainly due to personal interests, three stage-gate models were created: information systems, new products/services provided, and one for acquiring new