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Case | HBS Case Collection | November 2010 (Revised January 2012)

CNOOC: Building a World-Class Energy Company

by Joseph L. Bower, Nancy Hua Dai and Michael Shih-ta Chen

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Abstract

Fu Chengyu is the fifth CEO to lead China National Offshore Oil Company - an SOE founded in 1982 to exploit Chinese offshore deposits. In 2010 he is trying to decide how to drive further growth in a company that has grown 556 times in less than 30 years, with profits grown 2600 times. He believes that the way CNOOC has been managed, a blend of market orientation and concern for employees and the nation has contributed importantly to the success. His challenge is to allocate resources among new areas to explore for petroleum and new sources of energy, and to develop managers with the capability of leading those businesses in the face of world class competitors. Both technical talent and the ability to integrate the efforts of non-Chinese leaders are involved.

Keywords: Talent and Talent Management; Leadership Development; Growth and Development Strategy; Resource Allocation; Organizational Culture; State Ownership; Competitive Strategy; Energy Industry; China;

Format: Print 38 pages EducatorsPurchase

Citation:

Bower, Joseph L., Nancy Hua Dai, and Michael Shih-ta Chen. "CNOOC: Building a World-Class Energy Company." Harvard Business School Case 311-074, November 2010. (Revised January 2012.)

About the Author

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Joseph L. Bower
Donald K. David Professor of Business Administration, Emeritus

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More from the Author

  • Teaching Note | HBS Case Collection | January 2019 (Revised August 2019)

    JPMorgan Chase: Invested in Detroit (A), (B), and (C)

    Joseph L. Bower

    Teaching Note includes a link to C-case supplemental videos for instructor use during class.

    Citation:

    Bower, Joseph L. "JPMorgan Chase: Invested in Detroit (A), (B), and (C)." Harvard Business School Teaching Note 919-407, January 2019. (Revised August 2019.)  View Details
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  • Article | ICGN Yearbook | 2018

    Rethinking 'Good Governance'

    Lynn S. Paine and Joseph L. Bower

    Citation:

    Paine, Lynn S., and Joseph L. Bower. "Rethinking 'Good Governance'." ICGN Yearbook (2018), 26–27.  View Details
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  • Case | HBS Case Collection | August 2000 (Revised August 2018)

    The Atchison Corporation (A)

    Joseph L. Bower

    A new general manager uses a profit-center-based system to shake up an old line company. He then faces the task of placating a board member upset by the human consequences. A rewritten version of an earlier case.

    Keywords: Transformation; Profit; Human Resources; Change Management; Management Analysis, Tools, and Techniques; Organizational Design;

    Citation:

    Bower, Joseph L. "The Atchison Corporation (A)." Harvard Business School Case 301-020, August 2000. (Revised August 2018.)  View Details
    CiteView DetailsEducatorsPurchase Related
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