Final Project Report on Chapter Six Transition, Development, and Renewal

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  • Topic: Petroleum, Oil well, Petroleum industry
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  • Published : April 16, 2013
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FINAL PROJECT REPORT
ON
CHAPTER SIX
TRANSITION, DEVELOPMENT, AND RENEWAL

BAPCO

CONTENTS

1. Introduction
2. Main purpose of the chapter
3. The Major changes in BAPCO
4. BAPCO's life-cycle
5. Transition: The Merger
6. Our approach
7. Organization Renewal
8. Conclusion

1. INTRODUCTION
The company that we have chosen to compare with the chapter and write the report on is BAPCO. Following is a brief introduction about the company: BAPCO, wholly owned by the Government of Bahrain, is engaged in the oil industry including exploration and prospecting for oil, drilling, production, refining, distribution of petroleum products and natural gas, sales and exports of crude oil and refined products. The company owns a 250,000 barrel-a-day refinery, storage facilities for more than 14 million barrels, a marketing terminal, and a marine terminal for its petroleum products. BAPCO's prime customers for crude oil and refined products are based in the Middle East, India, the Far East, South East Asia and Africa, and 95 percent of refined products are exported. 2. MAIN PURPOSE OF THE CHAPTER

The business world is continuously transforming, as layoffs, bankruptcies, mergers, and restructurings occur every day. These situational shifts present psychological challenges to both individuals and organizations, and many of them respond in unhealthy ways. The author (William Bridges) describes healthy responses to these challenges, providing practical, step-by-step strategies for minimizing the disruptions caused by workplace change. He asserts that organizations, like individuals, have life cycles and that "it is helpful to have a map of the organization's life cycle that is comparable to the human development theories that clarify the path an individual follows through human childhood, adolescence, and adulthood." He goes on to explain "the seven stages of organizational life" -- Dreaming the Dream, Launching the Venture, Getting Organized, Making It, Becoming an Institution, Closing In, and Dying - and He explains the role of transition in this sequence. He also talks about the role of transition in the organizational life cycle, describing transitions as dynamic interludes between one of the seven stages of the organizational life and the next, and that multiple transitions are needed to actually carry the organization a step further along the path of its development. He then explains the five laws of organizational development and the problems the organizations encounter during its life cycle. Towards the end of the chapter He talks about renewal and how to steer the ship of the organizations life away from the deadly stage of closing in towards the path of renewal which involves finding ways to recapture and reincorporate the energy of the first three phases of the organizational life cycle.

3. THE MAJOR CHANGES IN BAPCO

|1929 |BAPCO established by Standard Oil Company of California | |1932 |First oil discovery | |1934 |First shipment of crude oil | |1936 |The Bahrain Refinery - with a capacity of 10,000 barrels per day - opened | |1945 |A-B pipeline laid between Bahrain and Saudi Arabia; then the world's longest commercial submarine pipeline | |1948 |Discovery of natural gas | |1968 |Bahrain Refinery expansion programme completed with 250,000 barrel-a-day capacity | |1976 |Incorporation of the Bahrain National Oil Company (BANOCO)...
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