British Petroleum (PLC) and John Browne: A Culture of Risk Beyond Petroleum Strayer BUS 519 October 30‚ 2011 Abstract The image as well as the operational business reputation of a corporation is critical to the survivability of the corporation in today’s business world. This reputation is even more critical when a business has is known globally with holdings and operations around the world. Such is the case with British Petroleum (BP)
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British Petroleum (PLC) and John Browne: A Culture of Risk Beyond Petroleum British Petroleum (BP) reputation was put to the test in 2005 when a major explosion at one of the refineries in Texas exploded killing 15 people and injuring more than 180. Investigations returned a history of poorly regulated safety measures and facilities’ safety compromised in favor of profits‚ cost savings‚ and lack of supervised management. Two years later‚ Lord John Browne announces an early retirement before a
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Leadership should undertake before and during crisis management situations. Before the spill British Petroleum is an industry where accidents occur and given the complexities of such an industry‚ it is critical that the Board remain vigilant about company affairs and that it learns from its previous mistakes. This note tries to evaluate actions that a Board should have taken after the resignation of Lord Browne through the current crisis in the Gulf of Mexico. The makeup of the BP board in 2007 showed
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ESC Rennes School of Business Essay: BRITISH PETROLEUM OIL SPILL AND CRISIS MANAGMENT MEDINA Anna Master of Science in International Finance Corporate Governance Tess Taubler November 22‚ 2010 BRITISH PETROLEUM OIL SPILL AND CRISIS MANAGMENT Introduction Over the time‚ we had seen a lot of enterprises growing‚ disappearing‚ changing and managing different situations and the way that they can handle any problem could be result in a successful history‚ they can learn about it or otherwise
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Vanhinsbergh-Perez Business andthe Environment The External Environment 3 Most Significant PESTEL Factors Affecting BP 1.0 Introduction This report will investigate the three most prominent external PESTEL factors which face BP (Beyond Petroleum). The report will provide a detailed look at how these factors affect the business‚ and explore the reasons behind them. Finally this report will make conclusions based on these findings. 2.0 BP the company BP is one of the world ’s leading
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Warren Buffett Professional Career: Warren Edward Buffett is an American Investor‚ Business Magnate and Philanthropist. He is widely considered as the most successful Investor of the 20th century. Buffett is the primary Shareholder‚ Chairman and CEO of BERKSHIRE HATHAWAY and consistently ranked among the world?s wealthiest people. He was ranked as the World?s Wealthiest Person in 2008 and as the 3rd Wealthiest Person in 2011.In 2012‚ American magazine TIME named Buffett as one of the
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Oil sands Issue briefing bp.com/sustainability Oil sands Issue briefing How we operate BP recognizes that we need to produce energy responsibly – minimizing impacts to people‚ communities and the environment. BP’s systems of governance‚ management and operation are designed to help us conduct our business while respecting safety‚ environmental‚ social and financial considerations. Across all BP international operations‚ established practices support the management of potential
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1. We recognized a pre-tax charge of $40.9 billion in 2010 and a pre-tax credit of $3.7 billion in 2011 as a result of the Incident. The total amounts that will ultimately be paid by BP in relation to all obligations relating to the Incident are subject to significant uncertainty and the ultimate exposure and cost to BP will be dependent on many factors. Furthermore‚ the amount of claims that become payable by BP‚ the amount of fines ultimately levied on BP (including any potential determination
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2. Introduction BP is one of the largest multinational corporations in the world. According to CNN (2011)‚ BP is the fourth largest multinational corporation in the world and employs over 80‚000 people and making annual revenue of $392 Billion. BP has massive influence on the global economic climate and has the operation capacity to affect stakeholders. This essay will analyse BP’S current stance using Porters five forces. It will also establish who are the most important stakeholders and suggest
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BP is a British global energy company which is the third largest energy company and the fourth largest company in the world. As a multinational oil company‚ BP is the UK ’s largest corporation‚ with its headquarters in St James ’s‚ City of Westminster‚ London. BP America ’s headquarters is in the One Westlake Park in the Energy Corridor area of Houston‚ Texas; the company is among the largest private sector energy corporations in the world‚ and one of the six leaders. In order to project social
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