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What Industry Practice Had BP Failed to Follow for Its

question 31

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What industry practice had BP failed to follow for its Prudhoe Bay pipeline maintenance?


Definitions:

Strategic Assets

Valuable resources owned by a company that are instrumental in maintaining its competitive edge and achieving long-term goals.

Organizational Success

The achievement of the objectives and goals set by a business or institution, often measured by financial performance, market share, or satisfaction levels among stakeholders.

Human Resource Practices

Refers to the strategies, policies, and processes implemented by an organization to manage its workforce effectively.

Decentralization

The dispersion of authority to make decisions throughout all organization levels.

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