Subject category:
Human Resource Management / Organisational Behaviour
Published by:
Babson College
Version: 30 September 1999
Length: 19 pages
Data source: Field research
Abstract
Examines the organisational changes and human resource strategies implemented to create an entrepreneurial culture within the formerly state-owned oil company. After a local entrepreneur radically downsized and reorganised the company, YPF was successfully taken public in 1993. But in a country where the economy had been closed for many decades and state-owned institutions had become bloated and highly bureaucratic, changing the mindset and behavior of the workforce to turn it into a competitive player in the world economy was not automatic. It required major redesign of organisational systems like recruiting, training, and performance management. Describes the changes introduced by a new vice president of human resources and offers early reaction to those changes. The teaching purpose is to illustrate the complex and interacting set of organisational changes needed to create a high-performance culture, especially in a bureaucratic company in an emerging economy.
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Abstract
Examines the organisational changes and human resource strategies implemented to create an entrepreneurial culture within the formerly state-owned oil company. After a local entrepreneur radically downsized and reorganised the company, YPF was successfully taken public in 1993. But in a country where the economy had been closed for many decades and state-owned institutions had become bloated and highly bureaucratic, changing the mindset and behavior of the workforce to turn it into a competitive player in the world economy was not automatic. It required major redesign of organisational systems like recruiting, training, and performance management. Describes the changes introduced by a new vice president of human resources and offers early reaction to those changes. The teaching purpose is to illustrate the complex and interacting set of organisational changes needed to create a high-performance culture, especially in a bureaucratic company in an emerging economy.