Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
BP's Reaction And Strategy Of Change:
The safety history of British oil giant, BP, has been the subject of increased examination by various sectors such as the U.S. Congress in relation to the recent blow up that contributed to the death of 11 people. The United States Congress carried out various hearings regarding BP's recent safety history because of the explosion that left more than 10 workers dead. One of the major issues in the hearings has been the evidence of BP's violation of its safety standards that continue to pose numerous safety risks to its workers and various people across various regions. The recent fatal explosion was brought by oil spill, which was due to the infringement of the occupational safety standards and regulations.
While the incident elicited significant concerns across the globe, the British oil giant continued to state its unprecedented reaction to the unprecedented environmental disaster. However, the company is renowned for a history of violation of occupational safety standards to an extent that more than 90%...
The infringement of occupational safety standards and regulations by BP is regarded as the company's culture of incompetence. This culture of incompetence has emerged because of the numerous fatal oil spill incidents involving BP and the relative lack of effective measures by the firm's management to solve the issue. BP's inability to resolve the impasse is despite of the fact that the challenges seem to be known by the firm.
In response to the crisis, BP has recognized the need to change through transforming its values and behaviors, changing its health and safety culture, and changes in leadership. Actually, BP initiated a far-reaching program that is geared towards enhancing safety and risk management within the group ("How BP is Changing," n.d.). While this program is also designed to help the firm to earn back trust, BP acknowledges the need for more efforts despite of the recent achievements in improving occupational safety within the firm. Some of the major efforts taken by BP…
References:
BP and Sustainability n.d., How BP is Changing, BP and Sustainability, viewed 12 February
2013, <http://www.bp.com/sectiongenericarticle800.do?categoryId=9036149&contentId=7066886>
Macalister, T 2010, BP Chief Tony Hayward to Outline Strategy that Restores Firm's Fortunes,
The Guardian, viewed 12 February 2013, <http://www.guardian.co.uk/business/2010/jul/21/bp-oil-spill-tony-hayward>
BP Organizational Behavior BP PLC Organizational Behavior Imagine going to work for BP as an engineer to drill oil in the gulf. What would happen if a disaster occurred? Could the company hold up under pressure? How would management react to the situation? One will study the oil disaster in the gulf and how it pertains to human resources, structure, politics and symbolism. Management signed a five-year contract with Exult Inc. To help
Automobile Risk Avoidance Aptitude Studies of reaction times have been of interest to a wide variety of people for several centuries. Among one of the industries that stands to benefit the most from a more comprehensive understanding of reaction times is the automobile insurance industry, which charges customers premiums based on the risk that they might get into an accident. There is reason to believe that this propensity is directly
British Petroleum What is BP British Petroleum (BP) is one of the world's largest oil and gas companies in terms of production capacity and revenue; BP explores for oil and natural gas in approximately 30 countries and possesses proved reserves of 18.1 billion barrels of oil equivalent (Hoovers, 2004). BP owns 16 refineries BP processes 4 million barrels of crude oil per day BP markets these products in 80 countries BP owns a network of 22,400
United Kingdom and Chinese newspaper coverage of BP Oil spill British Petroleum came under severe criticism from around the world when in April 2010 the company lost control of marine drilling operations and caused a major oil spill in Gulf of Mexico. The disaster claimed 11 lives and injured many others. Apart from human loss, the oil spill also resulted in massive loss of precious oil as 205.8 million gallons of
Strategic Framework in BP-Deepwater horizon accident One of the most eminent names in the oil and gas industry is British Petroleum, considered as the largest provider of oil and gas to its customers for transportation, energy for heating and light and retail services for petrochemical products globally. The financial and operational picture of the company's performance is illustrated in table1 below. Performance at a glance for 2010 Facts and figures Sales and other operating
Non-Market Strategy Project-Pollution/Politics/Business Globalization has changed the planet in numerous ways, constructive and unconstructive; perhaps the most influential of these changes has been the more explicit and perhaps a far more extreme commoditization of a number of natural resources and basic human demands. Traditionally, it's the limited nature of a specific resource or product that means it is a saleable resource, and this conclusion leads to the decision on its sales