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 in the world . However‚ as of late‚ BP has come under fire for several high profile
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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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The BP Oil Spill “Thank God men cannot fly and lay waste to sky‚ as well as the earth‚” said Henry David Thoreau on environmental damage. The BP‚ or British Petroleum‚ Gulf oil spill has been widely referred to as the biggest environmental disaster that the United States has ever faced‚ with over four million gallons of oil pouring into the waters off the Mexican Gulf Coast. The BP oil spill occurred in April of 2010. It was‚ and still is‚ the biggest oil spill in all of U.S. history. The massive
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specific mindsets that can be used to succeed and sticking to a few or even just one can help to achieve a goal‚ experience new things‚ make a change‚ and do something one never thought was possible. The minute a person changes their mentality about a goal‚ activity‚ event‚ or anything‚ they will begin to see a difference in the way their life is moving. Angela Duckworth‚ psychologist and former teacher‚ developed the idea of growth mindset. In a TED talk‚ she explains how having a growth mindset leads
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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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BP is one in six of the largest oil and gas companies in the world. BP stands for British Petroleum‚ but that was not the first name of the gas and oil company‚ it all started in 1908. Explore George Reynold’s went on a mission to find oil in Persia and he did not fail. The mission was actually for a man by the name of William D’Arcy. This oil that was found became part of BP’s first company name the Anglo-Persian Oil Company‚ but that’s not what everyone thinks or knows about when someone says BP
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correctly identify each trace‚ valve closings and openings‚ and each time period of the cardiac cycle. a c 1 2 b g 3 4 5 d 120 i f h Pressure (mm Hg) i 1. aortic pressure k 2. atrial pressure n 3. ECG o 4. first heart sound p 5. second heart sound g 6. ventricular pressure m 7. ventricular volume h 8. aortic semilunar valve closes f 9. aortic semilunar valve opens e 80 40 l j 0 k b‚ d 10. AV and semilunar valves closed Volume (ml) 120 m 60 R (mv) 0.5 T
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Technology is a major driver in completing work tasks. Therefore‚ people need to adopt important skills and abilities to keep up with the pace and be successful on the job. The ability to adapt to change‚ communicate effectively‚ and maintain a growth mindset are the three most critical skills for success in today’s workforce. The rapid shift in new technology has dramatically reshaped the workplace over the past 25 years. Faster and more efficient computer processors are being developed almost weekly
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Introduction 3 Background to BP plc 3 The Gulf of Mexico Incident 4 BP’s Historical Market Positioning 4 Internal and External Analysis 5 Internal Analysis – The SWOT Model. 6 External Analysis – The PESTLE Model 8 Strategic Choices 9 Recommendations 10 Porter’s Generic Strategies 10 Ansoff’s Matrix 11 Conclusion 12 Bibliography 12 Introduction The global business environment has never been more challenging for companies and corporate management teams who are facing relentless
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BP was the ªrst of these companies to change from a reactive to a proactive climate strategy formulation. In 1996‚ it withdrew from the oppositional Global Climate Coalition (GCC)‚ which was characterized as the most powerful lobby organization in climate policy.28 BP then accepted the climate change problem as diagnosed by the Intergovernmental Panel on Climate Change (IPCC) and gave its support to the Kyoto Protocol. In 1998 BP’s strategy formu- lation developed further in a proactive direction
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