The Best of Both Worlds

Clive Morton

Chapter 1 in Becoming World Class, 1994, pp 1-13 from Palgrave Macmillan

Abstract: Abstract It was late 1985, and the price of oil had plummeted from $40 a barrel to $10. I had spent the previous three years building up the resources of Wimpey Offshore and Wimpey Engineering to cope with the second wave of North Sea exploration that had dissipated before it became a reality. I found myself with the task that I disliked the most: telling valuable people that they were no longer valuable — in fact, they were dispensable. We mounted a voluntary severance programme, which I suggested should be aimed at all levels to avoid the inevitable concentration at the lower end of the organisation.

Keywords: World Class; Wealth Creator; Hydraulic Excavator; Cultural Style; Team Selection (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13601-8_1

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DOI: 10.1007/978-1-349-13601-8_1

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