koc corporate culture update 30 may, 2011

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KOC Corporate Culture Update 30 May, 2011. Project Purpose: Enhance the level of commitment at KOC in order to successfully achieve the 2030 strategy. Vision: “…unlocking the potential that exists within our people…” - PowerPoint PPT Presentation

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Page 1: KOC Corporate Culture Update  30 May, 2011

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Page 2: KOC Corporate Culture Update  30 May, 2011

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More Than 750 People & More than 115 Teams from E&PD, P&G, SEK, and NK

Page 3: KOC Corporate Culture Update  30 May, 2011

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Page 4: KOC Corporate Culture Update  30 May, 2011

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Page 5: KOC Corporate Culture Update  30 May, 2011

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Page 6: KOC Corporate Culture Update  30 May, 2011

The culture audit clearly highlights a Paternalistic & Status Quo culture. It is not that the existing culture does not generate results. However, in order to fulfill its 2030 strategy, a synergistic culture must be established (4+3)= 13. A common language has become the foundation of the new culture among the directorates (E&PD, P&G, SEK, NK)

1.Monthly follow-up meetings with teams to ensure implementation of improvement steps & change strategies as defined and agreed on

2.Teams with intra-departmental barriers attend Phase 3 (for enhanced co-ordination & efficiency)

3.The initiative is repeated across (WK, Admin & Finance, ). This creates alignment and therefore added momentum to the 2030 strategy

4.Build awareness of the impact of a healthy culture through intranet and or awareness workshops through the steering committee.

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Page 7: KOC Corporate Culture Update  30 May, 2011

• Include the new values as part of the KPIs in the BSC

• Values are systematically incorporated in all KOC systems, e.g. induction programs, performance appraisals, and reward systems

• Incorporate the values in all communication formal and informal, e.g. monthly news letter, Energy etc.

• Make culture a specific aspect and central to the 2030 strategy

• Ensure a bi-annual update report is published

• Guarantee continuity during transition with a handover of the initiative

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Page 8: KOC Corporate Culture Update  30 May, 2011

A healthy culture is the only means of unlocking the full potential of KOC staff.

As KOC culture becomes open and transparent the daily frustrations, politics, hidden agendas, differences &

disagreements are resolved and removed. This creates the synergy needed for releasing full potential.

A healthy environment provides for a solid foundation in which KOC employees can fully grow and develop to achieve the

company’s mission together.

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Page 9: KOC Corporate Culture Update  30 May, 2011

Quote after his second Grid meeting with his top team:

“I feel proud because we have planted a seed at KOC

which is the new language of openness, critique and

feedback. We may not be there in a few months or a few

years from now, but I believe this is going to be the new

culture at KOC. I am confident that this will be the

culture of future generation at KOC even 20yrs from

now. I am sure now more than ever, that it will be very

difficult to achieve the 2030 strategy without the culture

of openness, candor, feedback, conflict resolution, and

consensus decision making.”

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Page 10: KOC Corporate Culture Update  30 May, 2011

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