BP Crises Law/531 October 1‚ 2012 The Deepwater Horizon disaster attributed to BP‚ a multinational oil and gas company‚ occurred in 2010 dumping massive amounts of oil in the waters on the gulf coast. The BP is headquartered in London with operations in 80 countries with the largest being in the United States. Team B participated in a simulation that presented a similar scenario as the oil spill mentioned. The company in the
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end of the case? Was this disaster strictly a BP failure or an industry accident? (One of my biggest mistakes was that I allowed myself to become the lightning rod for hatred and anger.” He went on to say‚ “I genuinely feel that this could have happened to anyone. This is not BP. It is an industry accident.) I mostly agree with Tony Hayward because an accident of that size is a result of a complex combination of mechanical failures‚ human decisions‚ problems in engineering design and operational
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3.0 Resources and capabilities This paragraph begins by laying out the theoretical dimensions: Resources and capabilities Definition of resources In order to get a deeper understanding of the concept resources‚ a definition can shed some light on this matter. While a variety of definitions of the term resources have been suggested in the literature of resources‚ this paper introduces the definition first suggested by Teece et al. (1997) who determined resources as ‘firm – specific assets that
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Fail to Achieve Why People Their Goals m Most people claim to understand the importance of goal setting in order to attain a better life‚ but in fact‚ approximately 80 percent of people never set goals for themselves. This is especially prevalent among people who are not involved in some sort of business or entrepreneurial endeavor that promotes goal setting. Even more surprising‚ of the 20 percent of the population that does set goals‚ roughly 70 percent fail to achieve the goals they have
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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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evening. But the seconds of that pause haunted Dimitrios on the ride home and the next morning. It did not make sense to him. Dimitrios was the CEO of a consulting company. The company was growing‚ but something was off‚ like mold growing in a damp basement. About 200 staff‚ mostly with PhDs‚ worked for the company. It was growing rapidly and building an international market. In an all too typical story‚ he did not notice that’s he and his wife had not had any of those laugh until you can cry moments in
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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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Strategic Capabilities 2011 Introduction Strategy is all about planning the next moves‚ making decisions - how and where to move forward from the current position. In the past‚ strategy was associated mainly with the military sector‚ the top chiefs of command were making tactical choices in order to defeat their rivals and achieve victory. In the business sector the purpose of strategy is in principle the same‚ planning and building a road or path that will lead us to where ever it is
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Reasons Why Relationships Fail There are many reasons why relationships fail. The most common reasons are the lack of trust‚ communication‚ respect‚ and honesty. All these combined make a solid foundation for the rest of the relationship structure. It is similar to building a house if there is not a solid foundation the rest of the structure will not be able to hold together. Relationships require all these elements to be successful. There are many other elements that can also contribute to a relationship
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innovate is to die” (Freeman‚ 2005‚ p.266). We could define the innovation as “… (innovation) life cycle is an S-shaped logistic curve consisting of three distinct phases: emergence (the development of the product or service‚ its manufacturing capabilities‚ and its place in the market)‚ growth (where the product family pervades the market). and maturity (where the market issaturated and growth slows)” (William G. Howard‚ 1992). The satisfaction of customers are unlimited‚ they always want new products
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