BP Management Tashon Cooper MGT/230 February 2‚ 2012 Paul Hennessy BP Management BP Management ensures that the material risks are identified and that the company runs effectively. Furthermore‚ BP management ensures that internal control and risk management is under control. In particular‚ some vital components of BP management include their recognition for the company’s yearly plan‚ reviews of material risks‚ ensuring that the chief executive adopts their approach about risks‚ and that
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British Petroleum Company (BP) and Amoco Corporation are two of the largest oil and gas firms in the world. In spite of the intense rivalry between the two companies for several years‚ they decided to merge in 1990. The upstream business of BP which is exploration and manufacturing of crude oil accounted for 68% of its revenues while that for Amoco accounted for 60%. BP Amoco after the merger in 1998‚ their business involved exploration and production of crude oil. This was their upstream business
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Case Study: TNK-BP (Russia) INTRODUCTION “This case portrays the highly uncertain scenario facing BP in Russia at the end of 2007. In the midst of unraveling relations with its cooperative partner and undesirable host government practices‚ ideal strategic conditions are implausible. In order to maximize outcomes under such imperfect circumstances‚ BP ’s senior management needs to fully assess the situational risks‚ understand the dynamics and motivations driving stakeholder behavior‚ and establish
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Every business has stakeholders involved. A stakeholder is anyone who has a claim in some way to a company’s products‚ operations‚ markets‚ industry‚ and outcomes (Ferrell‚ Fraedrich‚ Ferrell 31). Some stakeholders are more involved than others. Members that are needed for the company to maintain are referred to as primary stakeholders‚ whereas others are called secondary stakeholders. Primary stakeholders can be identified as employees‚ customers‚ investors‚ and shareholders and can also be governments
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About BP BP at a glance - BP at a glance BP is one of the world’s leading international oil and gas companies. We provide customers with fuel for transportation‚ energy for heat and light‚ lubricants to keep engines moving‚ and the petrochemicals products used to make everyday items as diverse as paints‚ clothes and packaging Key facts Countries of operation a Around 80 Number of employees 83‚900 Economic value generated by BPb $403.3 billion Replacement cost profitc
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was enjoying the future of its oil & gas exploration. Oh‚ how things have changed‚ after oil rig explosion and now an enormous oil spill‚ who knows all the world can do now is wait. The British Petroleum Company‚ Business Culture and Global Competition The discovery of petroleum oil and its origin began in the 1900’s‚ according to several sources. It’s no secret that oil is one of the most important discoveries and resources ever found by man. We use oil to produce everything from ink to
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Stakeholders A stakeholder is a person‚ group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions‚ objectives and policies. There is two different types of stake holders‚ these are internal and external. Internal stakeholders are people who are on the inside of the business that already serve the organisation‚ these include staff‚ managers‚ board members etc. external stakeholders are from outside of the company but
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On 24 March 1989‚ an oil tanker Exxon Valdez struck Prince Willian Sound’s Bligh Reef‚ which is a habitat for salmon‚ sea otters and various marine animals. Over 40000 barrels of crude oil were spilled over the next few days and eventually covered 1300 miles of coastline and more than 10000 square miles of ocean. It was considered to be one of the most disastrous human-caused environmental accidents. According to official information‚ this environmental disaster was caused by various human-mistakes
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M IN E ST Y M ICHA EL K A NE BP Amoco (A): Policy Statement on the Use of Project Finance As two of the largest oil and gas firms in the world‚ The British Petroleum Company p.l.c. (BP) and Amoco Corporation (Amoco) had a long history of competitive encounters. This rivalry continued into the 1990s in a variety of locations ranging from the United States to the North Sea to‚ more recently‚ the Caspian Sea—a region that had opened up to exploration by Western oil companies following the breakup
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crisis of the British concern British Petroleum (BP). At first I would like to provide more information about the crisis and its consequences‚ then I will identify the kind of crisis we have to deal with‚ I will discuss the several communication strategies BP have used‚ I will explain the different reactions of the public on the crisis. At last‚ I will give the oil concern some advice‚ in case a reoccurrence takes place. The BP oil spill The BP oil spill was a big natural disaster in the Gulf of Mexico
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