Integrated academic report-the innovation and change of BP(British Essay

Integrated academic report-the innovation and change of BP(British rock rock oil - Essay ExampleThe project presents the experience of the organisation through the process of innovation and change and benefits that it has been capable to gain through the process. The main area that the project tries to explore is the organisations present advance(a) position in the industry. This includes the changes that it has incorporated since the last five twelvemonths. It withal explores the companys future flock and strategies towards innovation and the components contained in the vision. The next part of the project aims to identify the various competencies and cultures that organisations must to enhance and hang on innovative in its operations. Following this, the project identifies the different avenues of learning existing in British Petroleum. Finally, the wide-cut process of change management has been explored which includes the role of change agents, the different barriers and en ablers and the internal and the external communications. Part 1 The organizations need for innovation The new age of 21st century also demands a fresh understanding of the nature of its society and its responsibilities. A shared responsibility should be taken by all the citizens of the world in order to have a sustainable development for its own future. readjustment efforts are going on and it must be expanded also, but these adaptation techniques are in truth costly and less effective with the growing magnitude of the climate change. The global climatic change has been recognize as the most intractable and most dangerous of all the environmental impacts of the energy. Another problem adding to it is the macroeconomic vulnerability which is arising due to the oil dependencies overall. Its high time to innovate new processes now to make out with the situation. On an average worldwide, 12 warmest years out of the last 150 years have occurred since 1990. The warmest 50 years were th e last 50 in 6000 years. Over the last few years it is also seen that sea ice shrinking, places like Greenland, Antarctic ice is melting. Wildfires, heat waves, storms and flood damages have also choke attachd in the last few years. On the other hand Oil dependencies are also rising for different countries. According to reports in 2005 United States was dependent for about 65.4 % of its total oil infallible on imports. This was the highest amount of oil dependence percentage in imports in US history. The cost incurred for this oil imports in 2005 was around $231 billion which accounts to 30% of the U.S net trade deficit on the same year (Holdren, 2006, p.7-10). One of the major motivations for innovation in British Petroleum is the need to retain or increase its profitability which will provide incentives for innovation to cut costs provide new go and olibanum in turn improve their market share. With the new innovation strategies there is better quality services and also gaini ng sureness with the shareholders. Over the last 10 years BP has radically changed its strategies in every aspects of the company. after the tragic events of 2010 there is a severe impact on the BP trust. In order to gain trust again from the people and gain market share BP is developing and then implementing comprehensive processes to strengthen much safety