Executive Summary On April 20th 2010 bp had a major oil spill off the Gulf of Mexico coined the “Deepwater Horizon Incident” in which eleven (11) person’s loss their lives. This incident negatively affected the company’s brand and bp brand equity plummeted by $7.4bn‚ representing a 61% fall (Brand Finance 2010). BPTT which is a subsidiary of bp Global had to treat with the negative impact of this crisis on the local market while keeping its reputation‚ bp brand and local aspiration alive and
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1. Export capital for production abroad Exporting capital is the removal of capital from the country in which it is originally held and it’s transfer for investment in an importing country willing to meet the demands of the company. (encyclopedia2.freedicitionary.com). At the basic definition of this practice‚ I take a libertarian way of thinking on this. If this is what a company needs to do to be profitable‚ government should not have the ability to interfere with this system. However‚ this
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Unit 38 Assignment 1 P1 - Effects of changes in the economic environment on Burberry. Year 2012 unemployment: Unemployment level: As you can see from the graph the unemployment level has increased from 1.64 million in July 2007 to 2.59 million in July 2012‚ in five years the unemployment level has raised by nearly one million of unemployed people. Inflation rate: The graph shows the inflation rate as you can see on October 2011 the inflation rate increased up to 5.2% which was the highest
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Peter Drucker‚ in his paper What is “business ethics”? (1981)‚ makes the argument that ethics‚ as the “in” subject‚ is defined as “one set of rules of morality which governs individual behavior and that it applies to everyone alike”. The reason for the insistence on one set of rules is that‚ otherwise‚ only the powerful‚ the strong and the successful will gain exceptions. According to this paper‚ ’business ethics’ implies that acts that were done by an average person are not immoral or illegal
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Business ethics is not just a set of rules that dictate how to behave on business meetings. In extreme situations‚ it is the key to the success in negotiations‚ but its ignorance can cause failure of the entire undertaking. Especially when parties that attempt to cooperate are different culturally and mentally‚ as in the case of ’western countries’ and the Middle Kingdom. Social bond as a base for successful business Chinese entrepreneurs are characterized by pro-social approach. This means that
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determine who was leaking information to the press. The issue of the legality of the use of pretexting by HP was eventually ruled to be a non-issue‚ meaning that it was not illegal. However‚ this does not mean that the use of pretexting by HP was a good business decision. This activity did have negative impact for the many members of the board‚ e.g. many resigned and had their professional reputations tarnished. * Do laws take any action towards the company? Unethical behaviour hurt the company
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CONCEPTs :- Ethics ‚Normative Ethics‚ Applied Ethics‚ Morality‚ Legality‚ Business Ethics‚ Rights‚ Duties‚ Corporate Code of Conduct‚ Egoism‚ Altruism‚ Artha ‚Dharma‚ Kama‚ Moksha‚ Ethical Dilemma ‚ Environmental Ethics‚ Corporate Governance‚ Corporate Social Responsibilities‚ Triple Bottom Line‚ Environmental ethics. Questions 1) Explain Concept of Ethics? Explain its types.2) what is Business Ethics? Explain Scope of Business Ethics.3) what is Business Ethics? Explain importance of Business Ethics
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Nokia rises to the challenge of the changing mobile phones market. Finland’s best known company has long been a global leader in the mobile phones market. Perhaps improbably‚ from its beginnings as a paper mill in 1865‚ this nowvenerable company whose culture and management remain rooted in Finnish values‚ has become one of the most resilient‚ globalized MNEs in an era dominated by globalization of markets. Indeed‚ the company attributes its staying power in markets largely to Finnish values
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Personal Ethics‚ Business Ethics and Engineering Ethics Group 12 Team Members: 1) Umar b. Ismail (Group Leader) 2) Muhammad Amir b. Mohd Azam Abstract—Engineering ethics is professional ethics‚ as opposed to personal morality. It sets the standards for professional practice‚ and is only learned in a professional school or in professional practice. This report is written to distinguish between personal ethic‚ business ethic and engineering ethic and to explain the relationship
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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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