Outsourcing of non-core operations within a company, large or small, is now a well established corporate strategy. By entrusting services such as IT support, accounting, human resources and other back office activities to specialist firms prepared to do the job at an acceptable price, chemical companies can concentrate on their main business where they are the specialists. That's the theory, at least.
British Petroleum's tragic March 2005 explosion has been well-documented through the press. Read here to find out how that tragedy spurred the development of a new program addressing management issues at BP.
Author: Foster Finley and Karl Roberts, AlixPartners