question archive In a recent interview with McKinsey & Company, the CEO of BHP Group, Mr Mike Henry spoke about BHP's strategy of prioritising people, particularly in times of crisis, and delegating decision making to qualified people, rather than unwarranted interference by the CEO
In a recent interview with McKinsey & Company, the CEO of BHP Group, Mr Mike Henry spoke about BHP's strategy of prioritising people, particularly in times of crisis, and delegating decision making to qualified people, rather than unwarranted interference by the CEO
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In a recent interview with McKinsey & Company, the CEO of BHP Group, Mr Mike Henry spoke about BHP's strategy of prioritising people, particularly in times of crisis, and delegating decision making to qualified people, rather than unwarranted interference by the CEO. These strategies have served BHP well over a period of time. BHP also has strong relationship with suppliers. During the COVID-19 crisis, the company reduced payment times to suppliers from more than 30 days to 7 days, thus helping them stay solvent and maintain their cash flow. Explain why BHP's strategy of collective decision making and a strong focus on employees and suppliers helps the company generate higher value.
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