Analysis of the British Petroleum (BP ) industry environment 2007 Page : 1 Introduction BP Petroleum operates in different countries . It faces many threats according to Porter ’s Five Forces Model . The threats according to Porter comes from suppliers bargaining power ‚ buyers bargaining power ‚ threat of substitutes ‚ threat of new entrants in the market and threat of competition . These forces vary in its power and depend in different time periods for the same industry and the significant
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Question 1 1. ceo The corporate leadership team consists of individuals at the highest level of the organization who have executive power and have a great deal of responsibility. -the ceo: responsible for the entire operations of the corporation -reports directly to the chairman of the board of directors -implements broad decisions and maintains a smooth operation of the firm -develops annual objectives -ensures efficient acquisition and effective allocation of assets or company resources
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meet short-term debt requirements‚ BP was more able to meet their short term debt obligations in 2005 than 2004. From 2001 to 2003 the current ratios were 1.0767‚ 0.9733‚ and 0.9600 respectively. In 2001‚ 2002‚ and 2004‚ BP ’s current liabilities were greater than current assets‚ indicating that BP may have faced some difficulty in meeting short-term debt obligations during these years. In 2003 and 2005 the current ratios were greater than 1‚ representing that BP ’s current assets were greater then
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------------------------------------------------- Business Plan Question 4 Opportunities & Threats Opportunities Federal government have emphasized the importance of investing into automobile‚ semiconductor‚ alternative and other transportation equipment manufacturing facilities from 2009 to 2011‚ causing the construction industry to have increasing growth and It is expected that the industry growth will continue for five more years. Due to the weak dollar and fast economic expansion in many
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The Deepwater Horizon oil spill (also referred to as the BP oil spill‚ the Gulf of Mexico oil spill‚ the BP oil disaster‚ or the Macondo blowout) is an oil spill in the Gulf of Mexico which flowed for three months in 2010. It is the largest accidental marine oil spill in the history of the petroleum industry. The spill stemmed from a sea-floor oil gusher that resulted from the April 20‚ 2010‚ explosion of Deepwater Horizon‚ which drilled on the BP-operated Macondo Prospect. The explosion killed 11 men
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Introduction The Deepwater Horizon rig sank on April 22‚ 2010‚ two days after the Macondo well blowout and explosion that killed 11 workers. The Deepwater Horizon accident‚ also known as the BP Oil Spill‚ was a project failure of immense proportions. It went from an oil exploration “project” to a massive program with portfolios of projects related to dealing with the families of those killed on the oil rig‚ stopping the oil leak‚ capturing the oil (from the well and from the ocean)‚ cleaning the
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The key publics that BP should take into account are as follows: Environmental Groups Consumers Investors Media Government/Regulatory Authorities The diagram below (Figure 1.1) is a representation of some of the multifaceted relationships between BP and its publics/stakeholders. It is clear that the assortment of communication channels used to reach key publics is somewhat diverse. Whilst consumers and investors are perhaps most likely to be the primary focus‚ these two groups are highly influenced
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Teaching plan Purpose: To provide the learner with Information and exercise to lower blood pressure to prevent hypertension. Objectives Content Time estimated for each Objective Resources Method of instruction Evaluation/ Revision 1. By the end of the day Marty will be able to Define and recognize Hypertension (Cognitive) Detailed discussion about Hypertension and its effects on the body. 7-10 minutes Power point presentation will be used along with visual aids One on one instruction
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Recommendation 11 Internal communication 11 External communication 12 Executive Summary BP oil spill in April 2010‚ had incurred serious damage to both the company and publics. Though some internal and external communication strategies were carried out after the accident‚ more improvements should be made by BP to maintain the safety and reputation. The internal strategies used by BP‚ employing appropriate communication channels and appointing a CEO who is familiar with American cultures
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Porter’s Five Forces The Threat of New Entrants (Low) There is a great amount of economies of learning and scale in the oil industry for Example BP has been searching for oil since 1901. They invest a huge amount in up-to-date technologies making it difficult for new entrants to compete. His obviously requires huge capital investments in R&D as well as start-up cost‚ for example a truck just to carry the oil costs over $1‚000‚000. There is a lot of regulation in the industry especially with
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