Between Control and Autonomy
Edited by Katarina Kaarbøe, Paul N. Gooderham and Hanne Nørreklit
Chapter 2: Taking reality seriously – towards a more self-regulating management model at Statoil
Statoil is a Norwegian oil and gas company with activities in 36 countries, 23 000 employees and a turnover of USD 130 billion. The company is listed in New York and Oslo. On the Fortune 500, it ranks number 40 on size but number 1 on social responsibility and number 7 on innovation. Transparency International has named Statoil the most transparent listed company globally. At Statoil, we try to take reality seriously, not just a dynamic and unpredictable business environment, but also all the competent and responsible people in the company. It sounds obvious, but requires fundamental changes in how we lead and manage. In 2005 we started on a journey of radically changing our management processes, which included abolishing traditional budgeting. In 2010 we also decided to “kick out the calendar” wherever possible. These were both key steps towards a more dynamic, flexible and self-regulating management model.
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