Knowledge
More Haste, Less Speed
Date Uploaded: [ 18-04-2008 ] Filesize: [ 271k ]
A lesson learnt by the private sector
In July 1991, some 320 staff from BP transferred from six different locations to provide finance and administrative services from a single operations centre in Aberdeen. The centre was set up by a private sector supplier enabling BP to focus on its core business of drilling and producing oil and gas.
Since then, the centre has taken on work from several more companies that operate in the North Sea Oil industry. Each new company chose to join because of a compelling business case. Those business cases reflected the benefits of a more integrated and reliable finance and administration service, underpinned by a modern IT platform.
The lesson is that a compelling business case can overcome a multitude of barriers to innovation – in this case, including the barrier of sharing services with companies with whom you compete for business.
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