killing 11 people, and creating what could be the largest ecological disaster of the 21st century. This disaster is considered by many to be the largest oil spill ever to occur. Clean up efforts are still ongoing after almost two years. British Petroleum (BP) has spent billions of dollars in cleanup cost, restitution and community development; however the greater effects on the environment will not be determined for many years to come. The direct cause of this disaster has been identified as mechanical
Words: 2701 - Pages: 11
By definition, an ethical dilemma is a situation that will often involve an apparent conflict between moral imperatives, in which to obey one would result in transgressing another. When one combines this definition with the many problems employees and management face on a daily basis, you are bound to have plenty of examples for many different kinds of businesses, regardless of what the business is or the line of work. This internal conflict that people experience can cause many issues in today’s
Words: 1751 - Pages: 8
February 21, 2016 Law, Ethics, and Corp. Governance PharmaCARE (We CARE about YOUR health®) is one of the world’s most successful pharmaceutical companies, enjoying a reputation as a caring, ethical and well-run company that produces high-quality products that save millions of lives and enhance the quality of life for millions of others The company offers free and discounted drugs to low-income consumers, has a foundation that sponsors healthcare educational programs and scholarships, and its
Words: 1704 - Pages: 7
in the restaurant business for as long as most of us can remember. It has achieve around the globe, but not without overcoming a fair amount of challenges in its pursuit of the title “King of Fast Food”. The basis for the entire business is ethical, truthful and dependable. It takes time to build reputation. McDonald’s has developed a successful strategy for operating their fast-food enterprise across the globe. This strategy has been one that is developed based on existing operation as well
Words: 3088 - Pages: 13
I. Introduction BP is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors". It is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has major renewable energy activities, including
Words: 2453 - Pages: 10
and the environment. BP had a responsibility to take the potential dangers of their drilling operation seriously and plan for potential problems. There should have been backup protections to prevent accidents like the one that occurred. At the very least they should have practiced concurrent control. At the first signs of a problem they should have taken whatever actions were necessary to prevent the type of disaster that occurred. 2. Using Exhibit 18-2, explain what BP could have done better
Words: 496 - Pages: 2
public pressure and criticism that they have to further deal with. 2. Compare the risk that BP, Exxon, and the fracking industry continue to face in providing adequate supply of energy? The main risks that each company will face are leaks, spills, and explosions happening. Other than those main 3, they also have to deal with reputation of customers and people who buy their oil. For instance, a loyal BP customer found out about the oil spill harming the ocean, now he will probably switch to Shell
Words: 295 - Pages: 2
United States (US) based company, Global Communications (GC) in the telecommunication industry. Different challenges and opportunities at GC are discussed. The paper continues by discussing the different stakeholders' perspective/ethical dilemmas and continues by framing a problem statement for the Global Communications situation. An expected end state situation is then described for GC scenario. The paper continues by analyzing different alternative solutions to the Global Communications situation ,
Words: 2824 - Pages: 12
BP Leadership Group Four MGMT 620 – High Performance Leadership 2/5/2012 Chadron State College Abstract The purpose of this analysis is to focus on British Petroleum (BP) leadership as it relates to the 2010 Gulf oil spill and cleanup. One would think that a large corporation like BP would be penalized greatly from an oil spill of the magnitude. Once the announcement was made of the spill, BP leadership was quick to shirk responsibility and circumvent its
Words: 7120 - Pages: 29
Introduction This main purpose of this review report is going to analyses the BP corporation by go through its sustainability 2010 annual report in order to use as references for future development. Sustainability disclosure is the process for publicly disclosing an organization’s economic, financial, environmental and social performance. Executive summary An organisation's stakeholders increasingly expect more than just financial and governance information. Stakeholders also require information
Words: 977 - Pages: 4
