Multiple Choice
22,The greatest deficiency of BP plc's decentralized,performance management system based upon performance contracts for individual managers that was implemented by CEO John Browne at during 1995-2007,was
A) Power was not really decentralized because of Browne's dominant influence
B) As a former state-owned oil company,BP's culture could not adapt to a performance management system that emphasized individual initiative
C) Decentralized,performance management is not appropriate to an oil and gas major where time horizons are long term,key strategic decisions must be centralized,and risk management is critical
D) Oil and gas companies must be rum by engineers and technical specialists who do not respond well to performance targets.
Correct Answer:
Verified
Correct Answer:
Verified
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