Introduction BP British Petroleum is a multinational oil and gas company headquartered in London‚ United Kingdom. According to revenues in 2011‚ they are the third largest energy company and fourth largest company in the world. Their main products include fuel for transportation‚ energy for heat and light‚ lubricants for engines‚ retail services and petrochemical products for everyday use. BP started as a subsidiary of the Anglo-Persian Oil Company in 1909 and through many stages it became British
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Q1. Marcus McGraw was faced with a “never encountered complex business challenge” that had put him into a dilemma. McTiernan‚ a trusted consultant for years‚ advised that recent consumer trends were changing and hence affecting the sales growth. The focus on nutrition was adversely affecting the Oscar Mayer brand due to high fat red meat being less preferred over white meat and hence benefiting the Louis Rich brand. McTiernan also suggested that the changing competition trends also require to be
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CORPORATE RISK MANAGEMENT REPORT Corporate and Enterprise risk at BP BP plc is one of the worlds leading oil companies on the basis of market capitalisation and proved reserves. It is a global group‚ with interests and activities which cover three main business segments of Exploration and Production‚ Refining and Marketing and Gas‚ Power and Renewables. BP has total assets of $217‚601million and total revenues of $270‚602million with the majority of their revenues ($) coming from
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(b) Discuss whether any amount of contingency planning would have saved Maya’s business in the aftermath of the crisis. (40 marks) A contingency planning is the creation of plans of how particular crises which might affect a business will be dealt with should they arise. In this case study‚ it can be seen that Maya did not have a contingency planning. She was ill-prepared for such a disaster. A contingency planning could help a business to deal with unforeseen eventualities; it is always good
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company. These factors should always be reevaluated. The motive for this is that the environment is always changing and business restrictions that are being put on companies within the government‚ payers‚ rivalries‚ medical doctors‚ patients‚ wholesalers‚ merchants‚ and etc. All internal department’s vision and mission should be united and supportive of the whole organizations strategy. Develop and evaluate business and operational analysis. One of the main goals of strategic planning is to comprehend
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Fiedler’s Contingency Theory Proposed by the Austrian psychologist Fred Edward Fiedler (1922- ). The contingency model emphasizes the importance of both the leader’s personality and the situation in which that leader operates. A leader is the individual who is given the task of directing and coordinating task-relevant activities‚ or the one who carries the responsibility for performing these functions when there is no appointed leader. Fiedler relates the effectiveness of the leader to aspects
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Fiedler’s Contingency Model The question that might come to the mind of a person: What is your natural leadership style? Do you focus on completing tasks‚ or on building relationships with your team? Have you considered that this natural leadership style might be more suited to some situations or environments than it is to others? We can get answers through the leadership model. For that purpose we will be dealing with fielder leadership model. Understanding the Model: Here‚ "contingency" is a situation
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| BP Case Analysis | | 1. Based on the history of the company‚ why did BP get involved in so much questionable conduct? BP’s history extends back to 1901 when William D’Arcy’s Anglo-Persian Oil Company first drilled for oil in Persia and after seven years of drilling and darcy’s nearly spent his net worth finally oil spewed out and became rich. Unfortunately later at 1914 BP was on the verge of bankruptcy due to the very low demand of oil in global market. Accordingly ‚BP’s Board
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FIEDLER CONTINGENCY MODEL The Fiedler contingency model is a leadership theory of industrial and organizational psychology developed by Fred Fiedler (born 1922)‚ one of the leading scientists who helped his field move from the research of traits and personal characteristics of leaders to leadership styles and behaviours. Two factors The first management style‚ Taylorists‚ assumed there was one best style of leadership. Fiedler’s contingency model postulates that the leader’s effectiveness
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Bibliography: Thomas‚ R (2005) Marketing Health Services. Health Administration Press‚ Chicago Johns‚ Merida (2002). Information Management. Healthcare Organizational Strategic Planning Process‚ 4‚ page 104. Thomas‚ Richard (2005). Marketing Health Services. Healthcare Marketing Techniques‚ Harris‚ Marilyn D (1997) Handbook of Home Health Care Administration. 1‚ page 40 All about Home Health Care Services‚ (2001‚ August 2)
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