The key causes of the Deepwater Horizon Disaster are overconfidence bias‚ incompetence‚ poor decision making‚ and ignored warning signs. As years go by‚ good leaders continue to make bad decisions due to certain cognitive biases which inhibit us from viewing problems as they need to be seen; therefore‚ our minds distort information received and make miscalculations when processing the information (Mackin‚ 2010). Since BP was a very successful organization‚ it had grown overconfident in its projects
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a) LOAN SYNDICATION – Rhodes 1996:13) defines a syndicated credit as a loan in which two or more banks (the syndicate) contract with a borrower to provide (usually medium term) credit on common grounds governed by a common document. One member of the group is normally appointed to act as the managing or lead bank for the syndicate and it is the role of this bank to coordinate all negotiations‚ payments and administration between parties once the contract has been executed.it is a multi - bank transaction
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Bryan Torres 1/20/14 Period 1 AP Literature Success is the main object of desire for many people in the world of today. In George Orwell’s 1984‚ the author provides a speculative view to the future and brilliantly describes what would happen if ultimate success was attainable. George Orwell describes success in three extremes: those who succeed ultimately‚ those who fail miserably‚ and those who are neither capable of succeeding nor failing. In 1984‚ the success of the individual is forbidden
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BEETHOVEN‚ Ludwig van (1770-1827) The composer of some of the most influential pieces of music ever written‚ Ludwig van Beethoven created a bridge between the 18th-century classical period and the new beginnings of Romanticism. His greatest breakthroughs in composition came in his instrumental work‚ including his symphonies. Unlike his predecessor Wolfgang Amadeus Mozart‚ for whom writing music seemed to come easily‚ Beethoven always struggled to perfect his work. Ludwig van Beethoven was
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Every job Ehrenreich had was unskilled‚ but it required for the workers to learn more through their jobs. She had to learn how to manage the tools she was working with while concentrating on her work. The three moments of glory for her were at The Maids where she finished cleaning to help out others. The other two was when she realized she could earn more at Wal Mart by keeping quiet and when she fed the Alzheimer’s ward and still had time to clean. Ehrenreich is proud of her physical ability because
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In the summer of 1932‚ at the height of the Great Depression‚ 45‚000 marchers - made up of about 17‚000 World War I veterans‚ their families‚ and supporters‚ marched on Washington to ask the government for an early cash payment of their promised certificates. They believed if Congress understood their economical situation‚ then authorization of immediate payment would occur. However‚ as we would learn‚ that was not simply the case and this assembly of marchers‚ better known as “The Bonus Army”
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After the catastrophic Civil War‚ the Reconstruction era struggled to repair the shattered nation. In the beginning of the time period‚ Congress passed new amendments into the Constitution to integrate former slaves into America’s society. The 14th Amendment was one of these new additions to the Constitution‚ which gave equal rights to freedmen. The 15th Amendment allowed blacks to vote and express their views on politics. The Reconstruction Amendments aimed to give citizenship rights and the ability
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Although the Progressive movement is usually seen as a great achievement in the history of American development‚ some feel that the Progressives failed to comply with the standards of equality and justice they had set out to create. The Progressive movement was instigated as a reaction to the political and corporate abuses created by the Industrial Revolution‚. Religious groups‚ members of the press‚ and radical political groups had all been hungering for reform‚ with solutions ranging from subtle
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The transformations of the United States ’ foreign policy during and after World War II allowed her participation in future foreign affairs and completely denounced her policy as a isolationist state. The United States broke through the barrier of being an isolationist state and dedicated itself completely to preserving the welfare of the rest of the world. Largely due to the Truman Doctrine‚ the United States would no longer stay in the Western Hemisphere and hide behind the Monroe Doctrine‚ but
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Almost immediately after the war ended‚ the northern senators went into the south to try to “fix” the state governments. There were two major plans for Reconstruction‚ Presidential Reconstruction and Racial Reconstruction‚ designed by congress. President Lincoln believed that the south had never “legally” seceded from the union so his plan was to grant forgiveness in an attempt to reunite the states. However‚ he was assassinated just a few days after the end of the war so he was unable to put anything
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