Russia faces today with petroleum. The petroleum industry that Russia inherited from the Soviet Union has helped keep Russia afloat. However‚ the over reliance on the petroleum industry also makes Russia very susceptible to the economic downturns and keeps Russia from growing in other sectors. During the recent recession‚ Russia was one of the countries that were hardest hit. This is due to the fact that thirty percent of Russia’s Gross Domestic Product (GDP) comes from petroleum revenues and forty
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Sustainable Mauritius Brundtland report (1987) has defined the term sustainable development as the development that meets the needs for the present without compromising the ability of the future generations to meet their own needs Sustainable development and planning is structured essentially around 3 elements: economic growth‚ social development and environmental protection. While development is associated with social development‚ it is also associated with environmental disasters if the development
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Thomas Preston BA 2196 Section 14/Emil Steiner 10-31-2012 British Petroleum’s public image was damaged immensely by the Deepwater Horizon oil spill and its poor public relations management during the weeks that followed. BP created the “Gulf of Mexico Restoration” website to inform the public about its efforts in cleaning up the spill and to help restore public trust in the company again. BP’s “Gulf of Mexico Restoration” website uses these three strategies to try to repair its reputation:
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Executive summary: Sustainability reporting‚ alternatively known as CSR reporting‚ is the annual process whereby companies - public‚ private; large and small - report on their sustainability performance. Reports typically cover social‚ environmental‚ economic and ethical performance and incorporate information on a company ’s environmental impact or carbon footprint‚ staff satisfaction‚ community investment etc. Sustainability reporting is becoming increasingly important as a tool companies can
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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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Page 35 TNK-BP: TREAD WITH CAUTION Christopher T. Bluhm‚ Saint Mary’s College of California Mary Vradelis‚ Saint Mary’s College of California Catherine Li‚ Saint Mary’s College of California Brett Threlkeld‚ Saint Mary’s College of California J. Tomas Gomez-Arias‚ Saint Mary’s College of California CASE DESCRIPTION The primary subject matter of this case concerns the management of international joint ventures. Secondary issues examined include: business in Russia; government’s intervention in
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Market structure : there are a number of different buyers and sellers in the marketplace. This means that we have competition in the market‚ which allows price to change in response to changes in supply and demand. Furthermore‚ for almost every product there are substitutes‚ so if one product becomes too expensive‚ a buyer can choose a cheaper substitute instead. In a market with many buyers and sellers‚ both the consumer and the supplier have equal ability to influence price. In some industries
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Sustainability Assignment 1. What are the issues surrounding the idea that landfills are closing? Please discuss issues in terms of perceptions‚ reality‚ circumstances‚ and functionality. There are several issues surrounding the idea of landfills closing. There exists the idea that landfills have been closing at a rate that would not allow for the proper disposal of trash. However‚ the case of landfills closing is much more complicated than an initial glance at the data may seem. First‚ it was
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Fiat to close Sicilian plant By Giulia Segreti in Rome Fiat’s Termini Imerese plant in Sicily is to close on Thursday after 41 years of production as the Italian carmaker presses ahead with sweeping restructuring plans‚ including the imposition of new labour contracts that have prompted threats of strike action. The closure is only the second of a car plant in Europe since the start of the financial crisis‚ which hurt car sales and exposed the industry’s chronic overcapacity problems. General
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1. Originally‚ an Ethics and Compliance team was formed to monitor the formation and operation of the company guidance towards ethical issues in BP’s company. Just like to set up a communication consistent standard for all the employees of BP for different location‚ culture and language. Originally‚ this is a good way to guide the company staff to maintain company standard and reputation. But the code did not effectively address specific high-risk activities for the scope of daily operations. It
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