BP Oil Spill By: Kerrie Neff MGT 480 Due Diligence: Facts: I am focusing on Tony Hayward‚ former CEO of BP and I am here to address the issue regarding the Deepwater Horizon oil rig that exploded and ultimately caused one of the nation’s worst environmental disasters in the Gulf of Mexico in 2010. To begin‚ there are many facts that led up to the incident‚ and then for many years after. BP and Hayward had already been questioned on their ethical conduct. The questions include fraud‚ environmental
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Performance Management “How I get my people to do what I want them to do‚ in the way I want them to do it!” Performance management (PM): Organisations that take performance management seriously‚ manage a range of different but inter-related topics: • Mission • Vision • Strategy • Business plans • Values (how people should and should not behave) • Culture in which improving performance is valued and developed • Monitoring of performance – at individual‚ unit and Team levels • Feedback
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BP COMMUNICATION FAILure DURING GULF OIL SPILL CRISIS An important component of crisis management is response. Response can include several actions such as communication with stakeholders‚ the public and the government. Appropriate and effective communication can minimize the distribution of incomplete and inaccurate information‚ reduce speculation and prevent or quell rumors. In fact‚ studies suggest that the message itself can affect the public’s evaluation of the company and perhaps
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every member of the school workforce to take responsibility for improving their own performance‚ and that of their immediate team‚ in order to contribute effectively to achieving the aims of the school. Although improving practice stems from personal responsibility‚ maximum impact for the individual‚ the school and its pupils will not be achieved unless it is placed within an effective performance management system. Individuals working with their line manager can focus on personal development
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Transnational Business – Strategy and Management‚ 2nd Ed. John Wiley & Sons Ltd‚ Chichester (Chap 14‚ pp 403 – 413); 3. Styles‚ C. & Hersch‚ L. (2005)‚ “Relationship Formation in International Joint Ventures: Insights from Australian-Malaysian International Joint Ventures”‚ Journal of International Marketing‚ 13(3)‚ pp 105-134; 4. Park‚ S. H. & Russo‚ M. (1996)‚ “When Competition Eclipses Cooperation: An Event History Analysis of Joint Venture Failure”‚ Management Science‚ 42(6)‚ pp 875-889.
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Continuing Case: Carter Cleaning Company Performance Management and Appraisal Attracting – DEVELOPING - Keeping Prepared by Group Dynamic Kelvin Lye‚ Wong Shwu Fen & Masood Case Details No formal evaluation of employee’s performance for all these years Problem? 1. Reasons? How? (Informal ) 2. Jack has many other priorities (boosting sales‚ lowering cost etc.) Staff turnover (employees not staying long enough to be appraisable) Manual Workers • Praise them for job well done • Give criticism
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Performance Management and Executive Compensation: Ethical Challenges and Agency Issues Introduction In the history of modern economies‚ from the late 1800s to today businesses have faced ethical challenges regarding compensation for executives and its relation to job performance. In response to major economic crises during the 20th century‚ the United States enacted broad-based legislation measures as attempts to prevent what were seen as ethical challenges and agency conflicts surrounding
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BP Oil Spill Chait‚ J‚ (2010). Dear Leader. New Republic‚ 241(10)‚ 2-2. Retrieve June 21‚ 2010‚ from Academic Search Premier. This article discusses the present oil spill in the Gulf of Mexico. The president’s has not changed the Minerals Management Service. In reality‚ the federal government has no agency tasked with capping undersea oil leaks. All the necessary equipment‚ along with the expertise for operating it‚ resides with the private sector. BP will likely bear the full cost of the spill;
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supervisors and employees. Performance discussions should be conducted regularly to ensure that individual and department goals remain aligned with division and company goals. The GLS’ mid-year review is an informal process where employees and managers are required to schedule performance discussions to communicate feedback (recognition‚ encouragement‚ and constructive feedback) of their performance based on goals and expectations set at the beginning of the performance period. In addition‚ the interim
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BP oil spill is ranked as the largest environmental disaster in the world history. As the oil from BP spill washes ashore‚ people on Gulf Coast are suffering huge damages they have never met before. The U.S. government estimates that up to 60‚000 barrels of oil a day are spewing out from the damaged BP drilling rig to Gulf of Mexico. It has ruined the shoreline‚ killed animal and sea life‚ threaten the ecosystem and harmed the tourism and fishing in Louisiana. After the spilling happened‚ US government
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