DEFINITION OF CRISIS The term crisis evokes a sense of threat, urgency, and destruction. Crisis suggests an unusual of overwhelmingly negative significance that carries a high level of risk, harm and opportunity for further loss. For organizations, crisis often conveys a fundamental threat to system stability and threats to high priority goals including image, legitimacy and profitability. TYPES OF CRISES * Natural disasters Natural disasters are generally assumed to be beyond the control
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BP in Azerbaijan Sustainability Report 2013 bp.com/caspian Building a stronger, safer BP About our report This report covers the calendar year ending 31 December 2013. In some instances significant events from 2014 have been included. Unless otherwise specified, the text does not distinguish between the activities of BP p.l.c. and those of its subsidiaries and affiliates. References in this report to ‘us’, ‘we’ and ‘our’ relate to BP in Azerbaijan unless otherwise stated. When we cite ‘BP
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Petroleum, and was indirectly involved with the oil spill in the Gulf of Mexico. The members of Exxon’s strategic group consist of Beyond Petroleum, Conoco Phillips, and Chevron. These members are a part of the strategic group because they explore, produce, refine and market oil and gas. A reason why we didn’t pick Royal Dutch Shell is because we found that they have a joint venture with Exxon Mobil. With the recent hunches of more regulation in the oil industry, these corporations are investing in
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Profit Oriented versus Social Responsibility Oriented: Which one is best for me? Jill M. Pagán Dr. Daniel Sersland Contemporary Business, 508 April 22, 2012 Introduction A profit-oriented company is a company that focuses solely on their bottom line. A social responsibly oriented company is cognoscente of their impact on society, first and foremost, yet they still maintain to make a profit. It may take a little longer for a social-responsibility oriented company to net profits, however
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Explain why oil exploration in areas shown in figure one could lead to high economic and environmental costs? (10) The world’s current oil supplies are running low and have been estimated to last for the next 50 years; however the debate to explore untapped areas like ANWR is a future option for governments. This can be very expensive and have long lasting damage to the environment but these consequences become less significant as oil supplies from overseas rise in price, countries like Saudi Arabia
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adverse effect amongst the residents in which these fish or even shrimp are delivered to. America and the rest of the world has definitely seen in the past with events such as the BP oil spill, how pollution can affect the wildlife that is located in the gulf. Many of the species died or were harmed during the oil spill. The photos displayed on the news
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Introduction : “BP is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items” http://www.bp.com/sectiongenericarticle.do?categoryId=3&contentId=2006926 British petroleum well known as BP is world’s major oil and gas company, it is one of the the world third largest company (source Wikipedia: http://en.wikipedia.org/wiki/BP) it is well know
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level requirements. For the oil and gas industry with its high levels of risk, the Chartered Institute of Purchasing & Supply (CIPS) is providing training to improve the efficiency and effectiveness of purchasing and supply. OPITO, the focal point for skills, learning and development in the oil and gas industry, undertook a labour market survey of the industry which identified a sector wide skills shortage. Oil & Gas UK then undertook a supply chain specialist for the oil and gas industry. The responsibility
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that Deepwater Horizon oil spill has affected more wildlife than ever. Many fish have been caught and found with large sores, streaks and lesions. When the scientist are looking at the coral and such under water, they are finding that many of it is still covered in oil. Even large animals such as dolphins are found affected. This article proves my argument for the affects of the deep sea drilling. This article shows my point and can provide evidence to show my audience, the oil companies, just how much
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We will go through the BP business context and culture, safety aspect, organization capability, responsiveness and risk assessment aspects of their ethical culture, result from the management and caused the disaster. BP Business Context and ethical culture: From the BP management employer aspects, they are not follow some mechanical level, safety procedure over and ignored which required by Act (e.g. Clean Air Act) over 8 year for their production. At the end the huge explosion occurred in March
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