negatively affect stakeholders or sever an organization’s existence. This paper will discuss the role of crises communication in organizations‚ and its relevance in British Petroleum’s (BP) crises mismanagement during their April 20th 2010 Deepwater Horizon drilling rig explosion in the Gulf of Mexico. Key words: crises communications‚ crises management‚ British Petroleum 2 Crises Management As a Critical Organizational Management Function Man-made errors and natural disasters have become
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one on society and the environment. An example of a company that overstepped ethical and social responsibility boundaries is the oil and gas company BP p.l.c. In 2010‚ a massive oil spill broke out in the Gulf of Mexico that was caused by oil drilling conducted by this Company and its key contractors. This oil spill caused the death of eleven individuals and cost the company and its partners tens of billions of dollars in order to contain a blowout of the well‚ mitigate the damages caused and
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Transocean Ltd. Transocean Ltd. reported its third quarter results on 4th November. From the numbers mentioned in the press release itself we can realise that Transocean has got good hold of the situation. For the 3 months ended 30th September‚ the company reported revenues of $ 1.61 billion‚ down $ 276 million from that for the second quarter of the current year. Lower fleet utilization and a decline in other revenues related to contract termination fees recognized in the second quarter are the
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1. The section on “Managerial Ethics” highlights three sets of relationships involved in the exercise of managerial ethics – the relationships of the organization to its employees‚ of its employees to the firm‚ and of the firm to other economic agents. Explain how each of these relationships was a factor in the ethical failings of the Minerals Management Service. In your opinion‚ which of the three was the biggest factor? Explain your answer. The manner in which the employees are treated by the organization
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Classes of pollution that affect these coastal regions are volatile components‚ oil drilling‚ ocean acidification‚ habitat and biodiversity destruction‚ and extreme weather conditions. Surprisingly‚ the routes by which theses stressors are released are via the atmosphere‚ lithosphere‚ and hydrosphere. In the article A Procedure for Evaluating
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mainly dealing with a series of misconducts which BP’s company performed in the 2005 Texas refinery explosion hazard. Moreover‚ BP’s company improper management and lack of adequate safety precautions were once again been found in the Deepwater Horizon oil spill at Mexico in 2010. Millions of gallons of oil were discharged into the Gulf of Mexico in this incident. The nearby environment was highly deteriorated and many precious lives had lost. On 5 January 2011‚ a report has been issued by
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Canada--is replacing dwindling supplies. But it comes at a heavy economic and environmental cost 2. The Bakken Boom 3. Boom and Bust 4. The True Price of Oil 5. OIL ON THE EDGE 6. TIGHT OIL 7. ARCTIC OFFSHORE 8. PRESALT DEEPWATER 9. OIL SHALE 10. OIL SANDS 11. HOW SPIKING OIL AFFECTS YOU 12. A RECORD PRICE FOR REGULAR 13. INCOME AND GAS 14. SAVING FUEL ENVIRONMENT | EXTREME OIL Extreme oil--from the deep Atlantic to the arctic‚ from fracking in the
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Environmental Turmoil David Lepianka Saint Leo University Abstract The environment is fragile and forever-changing due to man’s interactions. Society has devised laws to help protect‚ restore‚ and ensure that the environment’s resources continue to exist for future generations. Corporations sometimes lose sight of these concepts and it is left to governmental agencies to enforce laws designed to protect the environment without bias or monetary incentives. Keywords: environment‚ ethical
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Central Issue Several disasters‚ which resulted from a lack of internal controls and risk management strategy‚ have led BP to develop a negative reputation amongst consumers and government officials. The company needs to develop a way to get consumers to put the past behavior of BP behind them and to make consumers believe that the new core values BP has‚ along with its efforts towards rectifying the situation‚ are truthful and valuable. Situational Analysis Internal Environment: Marketing
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licensed upstream sector company in the oil and gas industry. One year later Tullow oil generated its first revenue‚ and the company registered in the London and Irish stock exchanges. The company was able to expand its business by entering into onshore drilling operations expanding into many parts of Europe. By the 1990s Tullow obtained the licenses in Pakistan which laid down the foundation for their entry into the South Asian portfolio for operations. Tullow
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