British Petroleum Case
Value Alignment
Introduction
British Petroleum (BP) is an oil company founded in 1909. They merged with Amoco Corporation in 1998 and became one of the largest oil companies in the world (“Encyclopedia Britannica”, n.d.). Working in the oil industry for so long, BP has encountered many issues that have tested the organizations values. Analyzing those values and comparing them to personal values can lead to a better understanding of the organizations actions.
Personal and Workplace Values
Values are beliefs rooted deep in our subconscious that influence peoples actions and decisions (Gibb, 2010). During childhood, a beginning set of values are derived from interaction with parents, teachers, coaches, and other influential figures. As one matures, critical thinking, and life experiences may change some of these values. However, many of the values learned as a child stay in the subconscious and serve as the basis for many decisions as an adult.
Many adults tend to live their lives according to their set of values. Decisions are made according to what feels right or whether it is “the right thing to do.” Some may think their values are universal, but it is important to understand the diversity in values and not become outraged or angry when values held sacred are challenged or violated.
Companies establish a set of values or ethics to help ensure the company operates properly and is profitable. These values or ethics are guiding principles that help employees make important decisions and choose between right and wrong. Company culture and what is important to the company will reflect in the company values and ethics. It is important that the personal values of the employees align with these.
When an employee’s personal values and company values match, people communicate easier, things are done for the right reason, and good working relationships are built through possessing a common purpose (Kolodinsky, Giacalone, & Jurkiewicz, 2008). Value alignment allows the company to achieve its core mission. If personal and company values are misaligned, members work toward varying goals with questionable intentions, and with differing results. This is damaging to workplace relations, morale, and productivity.
Individual Values Drive Actions and Behaviors
Individual values are formed through experiences on a personal level that shape the actions and behaviors of each person. Every person tends to act in accordance with their own value system in their personal lives, although there may be conflict with workplace values. For example, an individual who is honest and wishes to do business fairly may fall into conflict if the company values are not the same. “Being impeccable with your word includes