Adaptive strategic execution project successfully completed

Academic

15.12.2022

Adaptive strategic execution project successfully completed

• Successful transfer of adaptive strategic execution skills and expertise to Azerbaijan
• Major contribution to local organizations’ agile and adaptive business strategy management capacity
• Access to Duke University’s Fuqua School of Business certification
bp on behalf of its co-venturers in the Azeri-Chirag-Gunashli, Baku-Tbilisi-Ceyhan, Shah Deniz and South Caucasus Pipeline projects – SOCAR, TPAO, LUKOIL, NICO, MOL, Equinor, SGC, INPEX, ExxonMobil, ITOCHU, TotalEnergies, Eni, ONGCVidesh – today announced the successful completion of their three-year social investment project aimed at transferring international adaptive strategy execution expertise to Azerbaijan.

The main objective of the project was to help meet the current market demand in building local executive capacities to quickly respond to strategic changes and adapt to innovations and transformations. The project was specifically designed to help meet the challenges faced by local organizations in this area.

The project used the internationally-recognized Adaptive Strategic Execution Programme (ASEP) basing it in Baku’s ADA University. The training programme was based on the business education curriculum developed and certified by Duke Corporate Education (Duke CE) - a part of the Fuqua School of Business at Duke University (US), a leader in providing executive education globally, in partnership with Korn Ferry - a leading HR consulting organization specializing in leadership development based in the US

Upon completion, all successful participants received certificates from Duke’s Fuqua School of Business.

An event was held today at ADA University to mark the successful completion of the project. Addressing the event, Gary Jones, bp’s regional president for Azerbaijan, Georgia and Türkiye, said: “We are pleased to have brought ASEP to Azerbaijan as the first programme of its kind to help local organizations ensure that they have the capacity to adapt quickly to the changing business environment. This is essential first and foremost for their existence and also, clearly, for them to be able to continue to focus on their vision and strategic goals, to remain competitive and successful. We believe with the ASEP skills and knowledge the graduates are now fully equipped to constantly assess the business environment in which they operate and respond with agility and flexibility to smoothly manage challenging strategic changes. We would like to thank the two leading universities – ADA University and Duke University for their contribution to creating this capacity locally.”

Dr. Fariz Ismailzade, Vice Rector of ADA University and director of the Institute for Development and Diplomacy, said:

“ASEP further strengthened our collaboration with partners while aspiring senior professionals accelerate their careers. We thank the ADA University Executive Education for successfully organizing this programme."

The project was implemented by Korn Ferry (formerly TwentyEighty Strategy Execution) in partnership with ADA University.

The project cost was around 1.5 million AZN (more than $882,000), which also included bp and its co-venturers’ support for the participants’ tuition fee payment.

Project facts and figures:
- six streams delivered, each consisting of a six-month training programme based on six modules;
- a total of 123 executives participated representing the public (28%) and private (72%) sectors;
- bp and its co-venturers funded the training of 108