Thesis Poor stakeholder management led to preventable mishaps such as the disasters in Alaska and Texas. Specifically‚ BP ’s defensive approach towards stakeholder management led to lavish compensation for upper level management while creating hazardous working conditions for employees and a burden on all of society in the form of rising oil prices and environmental damage. Background British Petroleum was founded in 1908 and since then has rapidly grown to become the eighth largest company
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Assignment # 1 Stakeholder analysis on the British Petroleum oil spill disaster Stakeholder: UK and USA Government The British Petroleum (BP) oil spill in the Gulf of Mexico flowed unabated for three months in 2010. It is the largest accidental marine oil spill in the history of the petroleum industry. This event affected individuals and groups‚ know as stakeholders‚ in different ways according to the impact that the catastrophe meant to their situation. The stakeholders treated in this case are
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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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BP By: Anna DeHart About BP “BP is one of the worlds leading international oil and gas companies‚ providing its customers with fuel for transportation ‚ energy for heat and light‚ retail services and petrochemical products for everyday items” In 1908 oil was found in a rugged part of Persia after a long search. Things we do are: • Find oil and natural gas • Extract it from hard to reach places • Move it to sea or land • Make what is needed from it • Generate low carbon power • Build construction
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My salient career goal is to become a successful computer engineer‚ as women are a minority in the engineering field. I chose engineering‚ because I love problem solving‚ math and building circuits on my breadboard. My goals for now are to graduate with a high GPA and to gain experience through my college journey. I tend to get better grades when I understand the material better‚ which is by tutoring others. Also‚ having work experience can be extremely helpful‚ as it is a whole new environment.
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A Salient Era A period that will be forever remembered by the American people. During the years of 1850-1914 Americans experienced both devastation and depression. For example‚ the Civil War where there was no true winner when it ended. Americans faced reconstruction physically due to the battles taken place in their cities and towns‚ and mentally because of the loss of loved ones. Some other events and people that affected this era was the Dredd Scott Decision‚ John Brown‚ with the most important
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Strategic Corporate Social Responsibilities and Law Contents BP Company Info 3 Deepwater Horizon Oil Spill Event 4 Summary of the Deepwater Horizon Event 5 Stock price before and after Deepwater Horizon 7 Impact on Stakeholders 8 BP’s Oil Spills and Corporate Social Responsibility 9 Inadequate disclosure on the oil spill event 11 Recommendations for BP to get reputation back 13 Conclusion 14 BP Company Info BP is a global oil and gas company headquartered in London‚ United
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Every business has stakeholders involved. A stakeholder is anyone who has a claim in some way to a company’s products‚ operations‚ markets‚ industry‚ and outcomes (Ferrell‚ Fraedrich‚ Ferrell 31). Some stakeholders are more involved than others. Members that are needed for the company to maintain are referred to as primary stakeholders‚ whereas others are called secondary stakeholders. Primary stakeholders can be identified as employees‚ customers‚ investors‚ and shareholders and can also be governments
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Stakeholders A stakeholder is a person‚ group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions‚ objectives and policies. There is two different types of stake holders‚ these are internal and external. Internal stakeholders are people who are on the inside of the business that already serve the organisation‚ these include staff‚ managers‚ board members etc. external stakeholders are from outside of the company but
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| BP Case Analysis | | 1. Based on the history of the company‚ why did BP get involved in so much questionable conduct? BP’s history extends back to 1901 when William D’Arcy’s Anglo-Persian Oil Company first drilled for oil in Persia and after seven years of drilling and darcy’s nearly spent his net worth finally oil spewed out and became rich. Unfortunately later at 1914 BP was on the verge of bankruptcy due to the very low demand of oil in global market. Accordingly ‚BP’s Board
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