Leardership Concepts

Abstract

In delivering an organizations' strategy and vision, management must consider the needs of its employees as well as what is best for the company. While there are many decision making models that management can employ as a way to overcome challenges and move the organization forward in fulfilling its aspirations, there are consistent approaches for which to give a thorough examination that helps to develop the best possible solution. One approach used at one of the world's largest energy companies is called the Management Framework.

To deliver an organizations' strategy and vision, management must consider the needs of its employees as well as what is best for the company. As such, management employs decision making processes as a way to overcome challenges and move the organization forward in accomplishing its goals. While there are many decision making models, there are consistent approaches for which to give a thorough examination. Two approaches that are similar are The University of Phoenix Problem Solving Model and BP's Management Framework.

The University of Phoenix Problem Solving Model is a nine-step process that considers the situation, what challenges and opportunities exist in creating the end state and goals, identifies and evaluates alternatives and risks, makes the decision, develops and implements the solution and evaluates results. (University of Phoenix, Problem, pg. 2). Another decision making model called the Management Framework is used in BP one of the world's largest energy companies for managing risk and delivering its overall strategy. As stated on BP's website, "The BP management framework contains devices and risk management tools that support delivery and decision-making; such as, environmental impact assessments, country assessment and market value at risk." (Management, para. 8, 2006).

With a significant loss of trust in business leading to legislative and accounting changes for corporations and stakeholders demanding greater transparency about strategy, governance processes and the way performance is managed within the company as key external drivers, BP implemented the Management Framework to:

* help build trust in the way it operates and to be a force for good in