Making Peer Groups Effective: Lessons from BP's Experiences
The formation of 'peer groups' within a company can bring together managers from different units for knowledge sharing and mutual learning. Yet such groups tend to deliver modest benefits rather than helping to transform the company's performance. BP, however, set up a system of peer groups and claims to have derived major benefits from them. This article attempts to find out why. Among the lessons learned are the importance of the composition of peer groups, the need for a performance culture with clear deliverables, the value of self-management processes, and the role of top management support.
Goold, M. (2005) Making Peer Groups Effective: Lessons from BP's Experiences, Long Range Planning, Vol. 38, October, pp 429-443.