SUMMARY

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Term Paper Title	SUMMARY
# of Words	1227
# of Pages (250 words per page double spaced)	4.91

SUMMARY

Summary  of  the  article  by  David  Forman  “BHP  REVITALISES  ITS  GLOBAL  MANAGEMENT,”  Business  Review  Weekly,  April  17  1995,  page  24-26.

BHP  is  setting  up  the  required  management  to  handle  a  rapid  global  expansion.  They  have  done  this  by  appointing  a  network  of  regional  corporate  representatives  and  a  corporate  general  manager,  international.

Representing  BHP  across  the  world,  these  managers will  facilitate  new  developments,  and  assist  global  expansion.  This  overseas  focus  of  expansion  requires  new  systems  and  processes,  to  take  on  projects  in  different  countries  around  the  world.

BHP  has  taken  advice  from  other  companies,  that  have  expanded  outside  their  home  countries,  also  background  advice  from  consulting  firms.  BHP  have  taken  this  advice,  and  created  a  management  model  to  suit  their  operations.

By  providing  regional  representatives  to  deal  with  governments,  bureaucracies  and  coordinators  of  cross  divisional  activities,  this  model  expects  BHP  to  be  able  to  find  expansion  opportunities.  Particularly  where opportunities  exist  that  involve  more  than  one  divisional  group.

An  example  of  this  is  BHP  Power,  which  develops  power  stations  using  the  most  appropriate  energy  source  for  the  circumstances.  Power  is  an  independent  group,  drawing  on  the  skills  of  the  Mining  and  Petroleum  divisions  where  necessary.

The  company  is  looking  at  other  possible  new  businesses,  that  are  natural  developments  of  the  company’s  existing  businesses,  in  the  same  way  Power  has  evolved  from  Petroleum  and  Mining.  One  of  these  is  Manufacturing,  using  the  skills  developed  in  the  Steel  division.

In  15  years  BHP  has  gone  from  being  a  domestic  steel  producer  with  small  petroleum  and  mining  operations,  to  having  a  significant  international  presence  in  the  steel,  oil  and  mining  industries. (Forman, D. 1995, pp. 24-26)


MANAGEMENT  PRINCIPLES

After  a  six  month  review  of  their  business  position  into  the  next  century  BHP  has  developed  a  strategic  plan.(Forman, D. 1995)

The  strategic  management  process  uses  nine  steps  to  create  a  strategic  plan.


1:  Identify  the  organisations  current  mission,  objectives  and  strategies.

     BHP  operates  steel,  mining  and  petr...

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