focus on finding energy sources to meet the needs of people everywhere. BP, like its many competitors, operates within the bounds of the four functions of management; planning, organizing, leading, and controlling. Management within the BP also has to deal with different business landscapes to make sure their company stays competitive. These landscapes would be globalization, technology, innovation, diversity, and ethics. BP has internal factors that can be corrected within these categories that
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Executive Summary This report is produced for the purpose of training staff in major risk areas. It draws on the BP oil spill case in the Gulf of Mexico to identify areas of major risk and how these risks were dealt with. In order to allow for more comprehensive analysis, attention is focused on mainly three risk management issues faced by BP. Ineffective management, regulatory failure and crisis containment failure were the three risk management issues identified. In the
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BP bears brunt of blame for the deepwater horizon catastrophe for Report says oil company is 'ultimately responsible' for oil spill but rig contractors also implicated in some areas BP’s share prices rose almost 5% but fell back after report was published Photograph: Molly Riley/REUTERS A key US federal report has focused the blame for the worst offshore oil spill in US history on BP, but criticised its contractors sufficiently for the markets to push BP's share price up. Amid a string of failures
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Emily Jesulaitis POL201a Seminar Six Essay Test Dr. Jane Bryant Baker College Domestic policy has always been a part of public debates in our nation. These policies range from simple laws such as what should be the speed limit, to complex ones involving how to protect the environment or how to regulate healthcare. There are several types of domestic policies. There are regulatory policies that seek to explain what is legal and what is not legal. Promotional policy seeks to raise or discourage
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bpAnnual Report and Form 20-F 2010 bp.com/annualreport What’s inside? 5 Business review 6 8 10 12 14 34 40 55 61 63 68 76 78 81 Chairman’s letter Board of directors Group chief executive’s letter Progress in 2010 Group overview Gulf of Mexico oil spill Exploration and Production Refining and Marketing Other businesses and corporate Liquidity and capital resources Corporate responsibility Research and technology Regulation of the group’s business Certain definitions 123 Additional information
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failed to properly implement an effective risk management plan is BP Chemical Company (BP). The risk management failure of BP caused many issues for the organization, employees, so much more including people, places, and things. In 2010 an explosion and fire in the Gulf of Mexico on the Deepwater Horizon oil rig was a result of a poor risk management plan that lead to the death of 11 as well as the release of millions of gallons of oil into the Gulf (Zolkos & Bradford, 2011). According to a report
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environmental disasters, if not the worst, in U.S. history. When British Petroleum’s (BP) Deepwater Horizon off-shore rig-yung machine sa planta nagkukuha ng oil sa sea in the Gulf of Mexico exploded in a ball of flames on April 20, 2010, killing 11 employees, it set in motion frantic efforts to stop the flow of oil and to initiate the long and arduous cleanup process. Although the impacts of the explosion and oil spill were felt most intensely by businesses and residents along the coast and by coastal
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| 1. Based on the history of the company, why did BP get involved in so much questionable conduct? BP's history extends back to 1901 when William D'Arcy's Anglo-Persian Oil Company first drilled for oil in Persia and after seven years of drilling and darcy's nearly spent his net worth finally oil spewed out and became rich. Unfortunately later at 1914 BP was on the verge of bankruptcy due to the very low demand of oil in global market. Accordingly ,BP's Board strategy focused for decades
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Prepared for: Mr. Jubred A. Peñano BP Course no: BE F06 International Training Program, Banking Academy Prepared by: Dương Thị Mỹ Hạnh – Class F06B Registration No: ITP F06-039 No of word: Submission Date: 7th November 2013 Executive summary In recent year, the world economic is being stressful; all of economy activities are difficult. A lot of big and small companies fall into bankruptcy. Therefore, in order to maintain and develop the business, companies need to have
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BP and the Gulf of Mexico Oil Spill: Individual Case Analysis of Organizational Culture Introduction There are many issues that can be observed and assessed in the case which has come to be known as the largest oil spill in History. BP’s Gulf of Mexico oil spill incident brought attention to the kind of culture that U.S. government officials, industry regulatory agencies, and all oil-drilling firms created and fostered. With an industry climate that cared more about production rather than
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