Invest in people to straightening organizational capability and achieving toptier performance in oil company

• Main Author: Lesmana, Ruly
• Format: Conference or Workshop Item
• Language: English
• Published: 2014
• Subjects: HD28 Management. Industrial Management
• Online Access: http://repo.uum.edu.my/15983/1/P43%20%281%29.pdf; http://repo.uum.edu.my/15983/; http://stmlportal.net/ictom04/TOC.html
• Institution: Universiti Utara Malaysia

The strategic plan sets direction, align among organizations, and differentiate corporate or entreprise from the competition. It guides actions to successfully manage risk and deliver shareholder value.Some companies have two greater details strategies: (1)Enterprise strategy represent for organizational capability and talent to maximize the value and growth and (2) Major Business Strategies represent focus selection of major business areas.(upstream, downstream, and other derivative products).There are four group of dimensions that help companies deal with the competitive challenges (global, sustainability, and technology), called people management framework which are (1) Managing organization environment, linking organization practices to the company’s business objectives – long term shareholder value (strategic staffing, global diversity, functional competency management, organization design), (2) Acquiring and preparing people as resource, recruiting and selecting employee (university hiring, experienced hiring, outsourcing), (3)Assessment and development people, measuring employees performance, preparing future work roles, training and development, and identifying employee work interests (on boarding, competency assessment and development, knowledge transfer / management, leadership management, succession planning, career development, job selection), (4) Compensating, creating pay system, rewarding people contribution and provide benefits.(performance management, pay determination, compensation benefits and policies, employee relations, retention program).People competency (technical know how) is critical to execute with excellence on existing assets, grow company through the use of competitive advantages and conquer increasing technical complexities.