The British Petroleum Company‚ Business Culture and Global Competition George Enclarde Jones International University / BBA110 Abstract To try and understand how business is conducted form a global perspective‚ I used British Petroleum as a model in this paper‚ along with the research of other international companies and government agencies. Let’s consider the idea of small businesses around the globe competing and evolving into major players in the global economy. The U.S. and E.U. guidelines
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UTILITARIANISM Utilitarianism is an ethical theory that holds that an action is right if it produces‚ or if it tends to produce‚ the greatest amount of good for the greatest number of people affected by the action. Otherwise the action is wrong. This cost-benefit analysis is a form of utility calculation. People in business theory use utility curves to plot the results of various actions‚ choosing those that maximize whatever it is that they wish to achieve. This utility approach is not foreign
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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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of people affected by it. According to Bentham‚ utilitarianism is the greatest happiness or greatest felicity principle. There are many types of this theory which include act vs. rule‚ two level‚ motive‚ negative and average vs. total. (Clifford G.‚ John C. 2009) In act utilitarianism‚ when people have to make choices‚ they should consider the consequences of each choice and then choose that which will generate much pleasure. The rule utilitarianism looks at the rules of actions which are potential
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that are correct for human beings? According to Aristotle‚ to live a just and correct lifestyle we must use reasoning in our actions while also practicing those that are characteristics that are virtuous. Virtue being that of good character‚ good habits and being conducted by reason. Such virtues commonly known are courage or modesty. It is through a series of reasonable actions that form good character that we humans can find the lifestyle suited to us. Despite what pleasure we might abandon along
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5. Relativism Many different ideas have been given the name ‘relativism’‚ and the term has been used to pillory all sorts of views (sometimes for good reasons‚ sometimes for bad ones). It is mere posturing to say that you are for or against “relativism” unless you say what you mean by the term. Here I want mainly to discuss (and to criticize) a view I have encountered among students in philosophy courses‚ who say things like this: "What anyone believes is true for that person. What you believe
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Immanuel Kant‚ in his deontology ethics‚ believes that morality relates to the matter of duty and people have the moral duties to do what is the right and not to do what is wrong. He focuses his theory on good will‚ duty and categorical imperatives as the basis for the principle of morality. Therefore‚ this essay will discuss the strengths and weaknesses of Kant’s deontology with regard to his arguments on good will‚ duty and categorical imperatives. GOOD WILL Initially‚ Kant points out the idea
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William Voisin Professor Mazpule Psyc. 2001 June 5th‚ 2013 BP (Beyond Petroleum) focuses on sustainability 1) Based on the history of the company‚ why did BP get involved in so much questionable conduct? The reason why BP got involved in so much questionable conducts is because at first they didn’t want to spend the money on fixing the stuff. They have been ignoring all these red flags and at the end they ended up spending much money. They could of saved a lot of money if they had fixed
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BP Oil Spill By: Kerrie Neff MGT 480 Due Diligence: Facts: I am focusing on Tony Hayward‚ former CEO of BP and I am here to address the issue regarding the Deepwater Horizon oil rig that exploded and ultimately caused one of the nation’s worst environmental disasters in the Gulf of Mexico in 2010. To begin‚ there are many facts that led up to the incident‚ and then for many years after. BP and Hayward had already been questioned on their ethical conduct. The questions include fraud‚ environmental
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Introduction to utilitarianism: In order for me to identify the option that is most likely considered to be utilitarianism‚ I had to first understand the term utility. My understanding is that the utilitarianism principle focuses on the happiness of the greatest number of people as a WHOLE. Happiness is a result that carries essential value and the absence of pain or the prevention thereof as a result is more desirable in the end according to John Stuart Mill. [1] Happiness‚ how is happiness defined
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