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SUMMARYSummary of the article by David Forman BHP REVITALISES ITS GLOBAL MANAGEMENT Business Review Weekly April 17 1995 page 24-26BHP 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 internationalRepresenting 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 worldBHP 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 companys 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 24-26MANAGEMENT PRINCIPLES After a six month review of their business position into the next century BHP has developed a strategic planForman D 1995 The strategic management process uses nine steps to create a strategic plan1 Identify the organisations current mission objectives and strategiesBHP operates steel mining and petroleum businesses2 Analyse the environmentThey have recognised that
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