Performance excellence: the path to becoming a global leader

Abstract

Shifting from a domestic focus to a global focus requires a rethink of business elements — organisation, people, process and culture. To achieve transformational change towards its own global leadership aspiration, Woodside led the commission of a study into global performance excellence. Twelve companies with a global footprint, and more than 150 people with substantial international experience, participated in the study to identify the elements of success that underpin technical and commercial drivers for global growth. The study found that achieving internal congruence across the business elements is necessary to maximise value on the global stage. Sustainable growth is achieved through a focus on direction setting, optimising global capability, applying adaptable business models, and leveraging networks and connections. Relevant to companies that have a global footprint or who are seeking to expand, this extended abstract highlights the practical initiatives to achieve performance excellence. The study findings also serve as a basis for companies to validate areas of strength and opportunity for improvement in organisational performance and capability to meet the challenges that can arise. Other hallmarks of success, such as the importance of an organisation-wide global mindset, worldwide presence, and brand and industry recognition are discussed, providing a frame of reference to support the realisation of a company's strategic vision and performance objectives. The extended abstract illustrates how these elements can be applied in a variety of ways and to varying levels of detail to reflect any stage of development, complexity and maturity of a company, thereby translating a global vision into results.