energy for heat and light‚ lubricants to keep engines moving‚ and the petrochemicals products used to make everyday items like plastic bottles. We also invest in renewable energy sources‚ which we believe will be an increasing source of value for BP. Our activities are focused on bio fuels and wind. As a global group‚ our interests and activities are held or operated through subsidiaries‚ branches‚ joint ventures or associates established in – and subject to the laws and regulations of – many
Premium Natural gas Carbon dioxide Fossil fuel
Key Terms in Strategic Management Competitive Advantage * Anything that a firm does especially well compared to rival firms. * A firm must strive to achieve competitive advantage by: 1) Continually adapting to changes in external trends and events and internal capabilities‚ competencies and resources. 2) Effectively formulating‚ implementing and evaluating strategies that capitalize on those factors. Strategists * Usually found in high levels of management (CEO)
Premium Strategic management Management Strategic planning
William Voisin Professor Mazpule Psyc. 2001 June 5th‚ 2013 BP (Beyond Petroleum) focuses on sustainability 1) Based on the history of the company‚ why did BP get involved in so much questionable conduct? The reason why BP got involved in so much questionable conducts is because at first they didn’t want to spend the money on fixing the stuff. They have been ignoring all these red flags and at the end they ended up spending much money. They could of saved a lot of money if they had fixed
Premium Environmental movement Solar System Natural environment
1- Management Accounting in Context Budget Quantitative expression of a proposed plan of action by management for a specified period and an aid to coordinating what needs to be done to implement that plan Chartered Institute of Management Accountants International professional body of management accountants with members in 165 countries‚ including Australia Chief Financial Officer Executive responsible for overseeing the financial operations of an organisation. Also called financial director Control
Premium Management accounting Costs Cost accounting
transactions. Most individuals are familiar with intermediaries employed within the law or financial industry. Financial intermediaries will provide insurance‚ mortgage or investment products to their clients. Full-size organizations like Royal Dutch Shell and BP will employ intermediaries for more than just legal or financial necessities. On this large business scale‚ intermediaries are drawn upon for many forms of negotiation. For example‚ Royal Dutch Shell intermediaries have been involved with settling the
Premium Royal Dutch Shell
core investment options‚ were designed for Amoco employees and managed by professionals in a daily and passive fashion. This index funds had lower management costs. The average expense ratio for the indexed funds in the Amoco plan was 10 basis points. In addition‚ Amoco offered its employees externally managed index funds for US equities‚ long-term bonds‚ and US money market instruments. Amoco also offered a balanced indexed fund that mixed these three domestic asset groups plus international equities
Premium Mutual fund Investment
via the cash cycle. This chapter discusses techniques used to quantify working capital management. The analysis begins with a review and critique of traditional measures used to assess working capital practices. A major focus of the chapter is to distinguish solvency from liquidity. The former concerns whether assets exceed liabilities‚ whereas liquidity refers to the firm’s ability to meet short-term obligations with cash while remaining a going-concern.1 The major empha1 The going-concern
Premium Inventory Balance sheet Net present value
that the chemicals dumped into the area as an ill-thought-out solution have made many of them sick. But what about the ocean itself that has been treated as an experimental chemical dump by the Environmental Protection Agency (EPA) and corporate giant BP? Turns out‚ according to new research from the Georgia Institute of Technology and Universidad Autonoma de Aguascalientes (UAA) in Mexico‚ the two million gallons of the dispersant Corexit which the EPA dictated had to be used to supposedly clean up
Premium Petroleum Exxon Valdez oil spill Ecosystem
Overview Long Term Capital Management (LTCM) was a hedge fund founded by John Meriwether in 19941. Meriwether was the former vice-chairman and head of bond trading at investment bank Salomon Brothers. Meriwether put together a high profile team of traders and academics in an attempt to create a fund that would profit from the combination of the academics’ quantitative models and the traders’ market judgment. Some of the high profile employees brought on were Nobel-prize winning economists Myron
Premium Hedge fund Risk
KEY TERMS Production Organization: Organization that produces tangible goods that can be mass-produced and stored for later consumption. Service Organization: Organization that produces intangible goods that require consumer participation and cannot be stored. Operation Management: Complex management activity that includes planning production‚ organizing resources‚ directing operations and personal and monitoring system performance. Productivity: Measure of how well an operations
Premium Management Computer Manufacturing