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Crisis Management and the BP Oil Spill Term Paper

… Crisis Management and the BP Oil Spill

It is a common fact that the economic agents of today are no longer able to generate profits through the simple creation and sale of products and services. While their main goal remains the everlasting generation of profits, the means in which this objective is attained today has changed. In other words, economic agents strive to generate the satisfaction of as many stakeholder categories as possible and through this satisfaction create profits.

In terms of the stakeholder categories, these are vast and differ from one entity to the other, but at a general level, they are the parties which impact or are impacted by the actions, decisions and operations of the firm. These categories as such include the…. [read more]


BP Oil Spill Strategy Essay

… It is estimated that more than 8,000 birds and other forms of marine life including sea turtles and other marine mammals were found either injured or dead during the first six months after the oil spill occurred. In addition to the effects of the toxic hydrocarbons in the crude oil, the chemicals and dispersants used by BP to restrict the spread of oil in the sea may have serious long-term effects on the marine and coastal wildlife. National Wildlife Federation (2012) reports that among some of the immediate effects of the oil spill were those seen in the form of bodies of birds and sea turtles covered in oil. There is also the risk that marine mammals may have swallowed the oil causing health problems…. [read more]


Logistics Management: Reflect BP Oil Essay

… One concern was that the spill itself would have a profound impact upon transportation costs overall because of its impact upon the price of fuel, thus driving up shipping costs around the world. Crude oil prices can affect the cost of gasoline, which in turn impacts transportation costs as well. But the impact of scarcity turned out to be overstated: in the immediate post-spill aftermath, the price of gas climbed only five cents, and it is difficult to assess the long-term causes of any subsequent spike or a dip in gas prices, given how many contributing factors are at play (Woodyard 2010).

Regarding the overall damage to the economy post-spill, some economists believed that in the short run, the spill actually created jobs and stimulated…. [read more]


BP Deepwater Horizon Oil Spill April 2010 Research Proposal

… BP Deepwater Horizon Oil Spill-April 2010

Oil Spill Report

Marketing and advertising strategies are used in various fields, not just in promoting products and services. Such techniques are developed and implemented in order to communicate political messages, to influence the election process, to create or to conceal scandals, and others. Advertising is used in attracting attention on something, or on distracting it from something else. This tool is thought to be so efficient, that even bad publicity is considered good publicity. The art and science of marketing have been perfected in time, and have become able to significantly influence the success of most companies.

An example in this direction is represented by the BP oil spill that impacted a series of stakeholders. The importance and…. [read more]


BP Essay

… The ironic thing is that at the same time, BP mounted an extremely successful advertising campaign as a strategic move to portray itself as an environmentally friendly corporation and a champion for causes that are environmental. This marketing strategy worked extremely well and saw the company become one of the most profitable multinational companies in the whole world. Its ranking for the way it treated its employees and a champion of corporate social responsibility (CSR) also improved. The work of Cherry and Sneirson (2011) however examined the disconnect that existed on how British Petroleum portrayed itself in the public eye and the actual manner in which it behaved whenever its corporate image was at stake. The advertizing campaign launched by BP had a very striking…. [read more]


Are Oil Spills Environmental Disasters? Term Paper

… Oil Spills

Monday, November 22, 2004

Dear Editor:

Environmental oil spills are one of the most hazardous and preventable 'accidents' that occur in modern day society. Though there are a number of agencies that support the ongoing transport of oil via major waterways, by and large such transport often leads to devastating consequences. It is important that stringent protocols be established for the safe transport of oil across waterways, and that environmental protection agencies work in collaboration with tanking and shipping organizations to ensure that every measure is adopted to protect the environment from the hazardous effects of oil spills.

To understand the serious impact and negative consequences of an oil spill, one must first examine the counter argument, that oil spills are not environmentally…. [read more]


Strategic Framework in BP-Deepwater Horizon Essay

… They merely show company's awareness of these issues and basically help in getting media attention. To make sure that code is read, understood, believed and remembered, organizations need to conduct periodic ethics workshop to sensitize people to workplace circumstances' in which these issues are addressed (Gellerman, 1989).

Maintaining business operation which is ethically proven, socially responsible and environmentally friendly requires management support from the top to the bottom and making it an important part of the strategic framework of the organization ensuring that it is applied at all levels with profound leadership and management control. In this regard organizations need to develop proactive strategies rather than reactive strategies. Having proactive strategies means running business operations conscious of risk elements and being prepared for mitigating the…. [read more]


Crisis and Disaster the Running Research Paper

… Bolton, C.A. (2006, October). The Difference between Crisis and Disaster is a Plan. Retrieved December 16th, 2011, from Public Relations Society of America: http://media.prsa.org/article_download.cfm?article_id=929

Broder, J.M. (2010, March 31st). Obama to Open Offshore Areas to Oil Drilling for First Time. Retrieved December 17th, 2011, from The New York Times: http://www.nytimes.com/2010/03/31/science/earth/31energy.html

Crooks, E. (2010, July 2nd). BP: The inside story. Retrieved December 17th, 2011, from FT Magazine: http://www.ft.com/international/cms/s/2/4e228e56-84ae-11df-9cbb-00144feabdc0.html#axzz1gp2aJast

Griggs, J.W. (2011). BP Gulf of Mexico Oil Spill. Energy Law Journal (32), 57-79.

Knutson, R. (2010, July 2nd). BP Texas Refinery had huge toxic release just before gulf Blowout. Retrieved December 17th, 2011, from Pro-Publica: http://www.propublica.org/article/bp-texas-refinery-had-huge-toxic-release-just-before-gulf-blowout

Mason, R. (2010, November 23rd). Gulf of Mexico oil spill: White House report criticises BP's response to disaster. Retrieved December 17th,…. [read more]


BP Organizational Behavior BP PLC Case Study

… BP has failed to do this because of all the poor decisions that were made, which hurt wildlife and animals that live in the ocean. Their leadership and management skills kept the employee sheltered and away from the public view (Tenay Group, 2010). Everyone would have benefitted from hearing their story as well as what needs done to make the business better. In the end, their brand is ruined, and now it is going to take time to recover from this disaster as well as their reputation.

Much politics takes place at BP. Hayward was confident that "the relief wells ultimately will be successful," and thought that everything will get running again smoothly by August. In fact, many believed that more oil would leak out…. [read more]


BP Case Study

… BP Case Study

Introduction (BP Oil Spill, Background)- the Gulf of Mexico British Petroleum oil spill, also known as the Deepwater Oil Disaster, was one of the largest, most damaging, and most controversial oil disasters ever. The spill itself began on April 20, 2010 with an explosion on the Deepwater Horizon Oil platform, killing 11, injuring 17. It was not until July 15th, however, that the leak was stopped by capping the wellhead, after releasing almost 5 million barrels (206 million gallons) of crude oil, or 53,000 barrels per day into the Gulf of Mexico. It was not until September 19th that the relief well process was complete and the U.S. Government, EPA, and Coast Guard agencies declared the well breach effectively stopped (Cavnar, 2010).…. [read more]


BP's Reaction and Strategy Essay

… The other measures include revising its safety values and behaviors, contractor management, and alignment of individual performance and reward ("How BP is Changing," n.d.).

The new safety measures were adopted by the firm based on the report provided by Ernst & Young as part of the company's 2011 sustainability reporting. While these efforts were comprehensive and wide-ranging in order to promote sustainability at BP, the major initiatives related to the firm's response to the crisis were safety and operational risk, upstream restructuring, and risk management. The huge safety and operational risk team was established to set BP's company-wide requirements for risk management and occupational safety. The risk management initiative focuses on standardizing its reporting processes to promote a consistent means of reporting risk. As the…. [read more]


Risks That BP Essay

… This risk is not significant at a company the size of BP. There are some risks, however, associated with temporary hiring, such as for the containment of oil spills. These are the sorts of risks that lead to class-action lawsuits. O'Brien (2010) notes that while BP hired numerous temporary workers to help clean up after Deepwater Horizon, many of these workers lacked proper training and equipment for such a risky job. Many of these workers reported adverse health symptoms to OSHA as the result of their work with BP, something that could expose the company down the road to a sizable class action suit.

Mergers and acquisitions pose no unusual risks for BP. The company is too big to be the subject of an acquisition…. [read more]


BP Deepwater Horizon in April Essay

… BP can easily re-brand its gas stations, or get out of retail and sell to other oil companies, none of which will hold BP's Deepwater record against it. The brand, therefore, has only limited value. This is doubly so in the United States, where consumers are less likely to uphold a boycott of a company over the long run, and where the price elasticity of demand for gasoline is much lower than in Europe.

The result of this is that BP's strategy is guided by the desire to maximize the company's two most important resources of oil and money. The latter is particularly important when the legal stalling process is considered. BP's stalling has resulted in the company facing significant negative publicity, but it has…. [read more]


Crisis Communications for Globecell Selection Essay

… Appendix

Figure 1: Web 2.0 Meme Map

References

Bernoff, J., and C. Li. 2008. Harnessing the Power of the Oh-So-Social Web. MIT Sloan Management Review 49, no. 3, (April 1): 36-42.

Bray, A.. 2010. When your reputation's on the line. American Bankers Association. ABA Banking Journal 102, no. 9, (September 1): 12-13.

Chen, C., and O. Myagmarsuren. 2011. Brand equity, relationship quality, relationship value, and customer loyalty: Evidence from the telecommunications services. Total Quality Management & Business Excellence 22, no. 9, (September 1): 957.

Grahame Dowling, and Warren Weeks. 2011. Media analysis: what is it worth? The Journal of Business Strategy 32, no. 1, (January 1): 26-33.

Shearlean Duke, and Lynne Masland. 2002. Crisis communication by the book. Public Relations Quarterly 47, no. 3, (October…. [read more]


Strategic Leadership Mckinsey 7s Model Essay

… , 2011).

Throughout the virtually 5-month problem in the Gulf coastline, BP was required to relocate in between Advocacy and Lodging in order to work its escape of the disagreement it discovered itself into. If we were to look at the list of aspects from Cameron's list we would see that BP was had an effect on more by the exterior elements than internal elements. Particularly we can see that Social Environment, The External Public, and the Problem under Concern elements were affecting them even more than anything (Harlow et al., 2011).

As the crisis started, BP was on the side of Advocacy. The company defended the problem at hand and worked to an option. As option after option fell short and the general public…. [read more]


Gulf Oil Spill Essay

… ¶ … Gulf Oil Spill

On April 20, 2010, a massive oil spill created an environmental crisis in the Gulf of Mexico and along the Gulf Shore. The spill resulted from a British Petroleum (BP) oil-drilling rig (Deepwater Horizon) that was working in 5,000 feet of water; the rig exploded and burned, causing the deaths of 11 oilrig workers. According to the report on CNN.com (Sutter, 2010), six months after the horrendous spill "…there is still much debate about what the United States has or hasn't learned from this disaster… [and] there are also accusations that we've all turned a blind eye to the nagging problems that caused such an enormous spill in the first place," Sutter writes.

Updated Literature: While the cleanup continues, much…. [read more]


Geology Office of Governor Rick Scott State Essay

… Geology

Office of Governor Rick Scott

State of Florida

The Capitol

Monroe St.

(850) [HIDDEN] (fax)

Sincerely,

The office of the 45 the Governor of Florida, Rick Scott (4/22/2011): Florida Petitions EPA on clean water standards. http://www.flgov.com/2011/04/22/florida-petitions-epa-on-clean-water-standards/)

Office of Governor Rick Perry

Office of the Governor

Austin, Texas 78711-2428

Dear Governor Rick Perry:

Your struggle against smog and air pollution is noteworthy. In 2004, you created an air pollution early warning system that allows industry officers to take corrective and preemptive action before smog develops. This was a pioneering and innovative program that -- developed by the Texas Commission on Environmental Quality (TCEQ) - represented a major technological advance in air quality procedures in Texas. As you stated, this program proved to be aggressive and…. [read more]


Overcoming the BP Crisis Research Proposal

… ¶ … BP Crisis

The recent explosion and spill involving the Deep Water Horizon well that is owned by BP in the Gulf of Mexico; has created heated debate about how the company is handling the situation. What happened was various executives claimed before the accident that the techniques used for deep water exploration, were considered to be a safe and reliable way to drill for oil. The lack of regulation and number of short cuts that were used by the company; created a situation that would contribute to the accident, which helped cause the environmental disaster. (Jonsson 2010) to make matters worse, many of the company executives appeared to be out of touch with reality, as their actions or lack actions, would increase the…. [read more]


Equipping for the Future Case Study

… Equipping for the future: National Oilwell Varco (NOV)

Summary of the case

The Houston-based equipment and services firm of National Oilwell Varco (NOV) has a rapidly aging workforce and is facing highly competitive economic conditions. The firm employs 20,000 employees working in manufacturing, selling, and services. The fact that the largest proportion of individuals likely to leave the firm in the near future are from the echelons of top management make it imperative that the firm embark upon a wide-scale recruitment effort. Simply recruiting more people is not enough: the question is how to recruit top talent. Senior executives have created a so-called 'Next Generation' plan to raise the profile of NOV amongst recent college graduates. NOV has resolved to expand its traditional recruiting zone…. [read more]


Public Administration British Petroleum BP Research Paper

… Public Administration

British Petroleum

BP is one of the world's major energy companies. It supplies its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday living. BP's businesses are organized to deliver the energy products and services to people around the world, that is needed right now. Their business is broken down into three areas: Exploration and Production, Refining and Marketing and BP Alternative Energy (About BP, 2010).

BP's Exploration and Production business locates, manufactures and transports oil and gas to sell. They operate in 30 countries and employ more than 20,000 people. Their strategy is to invest to grow production efficiently by:

Strengthening their portfolio of leadership positions in the world's most productive hydrocarbon basins, allowed…. [read more]


Engineering Ethics This Post-Mortem Report Case Study

… The equipment at the facilities must be kept safe and up-to-date, regardless of the costs of maintenance. With a new ethical framework, BP will avoid the types of costly legal settlements that currently plague the company. Therefore, the profit motive can remain within the utilitarian framework. What the utilitarian framework provides is a way to balance the need for business profit with the need for business ethics. The company cannot survive without an ethical framework, which it completely lacks no matter what the Website says. Especially after the Deepwater Horizon incident, no one believes BP when it claims to operate for any other reason than maximizing profit. By maximizing the public good, BP can still make profit and avoid disaster at the same time.

The…. [read more]


British Petroleum S PR Responses During the 2010 Gulf of Mexico Oil Spill Research Paper

… Public Relations Practices at British Petroleum

Public relations practices are essential aspects success in any organization, whether profit-making or non-profit. BP Plc. occurs as one of the leading oil and gas companies globally. The company explores oil and natural gas in about 30 countries worldwide. It is estimated that BP possesses 18.1 billion oil barrels. Additionally, it processes about 4 million barrels of oil on a daily basis through its 16 refineries (Wolf & Mejri, 2012). The expanded market reach of the company depicts her magnitude and impact on the global economy. In 2010, the worst oil spill in U.S. history, the Deepwater Horizon Oil Spill, brought into limelight the shortcomings of the company resulting in the oil spill catastrophe. The oil spill, caused by…. [read more]


Charitable Activities by British Petroleum Essay

… Knowledge gained through this work is helping BP to improve the ways in which it can identify and address environmental and social risks.

Furthermore, it supports the World Conservation Monitoring Centre, which is the specialist biodiversity information and assessment centre of the United Nations Environment Programme. Recognizing stakeholder concerns about their potential impacts on biodiversity, BP was one of the founding members of Proteus, a public-private partnership that aims to make biodiversity information more freely available to the public.

Recently, Through the establishment of an independent research initiative -- the Gulf of Mexico Research Initiative, it is supporting research to improve knowledge of the Gulf ecosystem, and to better understand and mitigate the potential impacts of oil spills in the region and elsewhere. Other than…. [read more]


Natural Resources and Globalization Research Paper

… International media recently have initiated efforts that shed more light on the current functions and activities of Shell in the Niger Delta and contrasted the imbalance of those activities with the operations in the developed world (Ntdtv, 2009; Monitor, 2010).

It was back in 2009 that the problem entered the legislative phase from both national and international view. The former president of Nigeria (President Musa Yar'Adua) initiated an unconditional amnesty structure that was exercised in three different phases -- Disarmament, Demobilization and Reintegration (DDR). The positive impact was immediate and definite in those times as most of the militants gave up their weapons and invested their energy in learning and re-integrating in the economic structure but the fact of the matter was that there was…. [read more]


Tony Haywood vs. Barack Obama Deepwater Horizon Term Paper

… Haywood and Obama -- Leadership Styles During BP Gulf Crisis

Introduction (BP Oil Spill, Background)- the Gulf of Mexico British Petroleum oil spill, also known as the Deepwater Oil Disaster, was one of the largest, most damaging, and most controversial oil disasters ever. The spill itself began on April 20, 2010 with an explosion on the Deepwater Horizon Oil platform, killing 11, injuring 17. It was not until July 15th, however, that the leak was stopped by capping the wellhead, after releasing almost 5 million barrels (206 million gallons) of crude oil, or 53,000 barrels per day into the Gulf of Mexico. It was not until September 19th that the relief well process was complete and the U.S. Government, EPA, and Coast Guard agencies declared…. [read more]


Risk Allocated in Oil Research Paper

… ¶ … risk allocated in oil and gas contracts?

Petroleum agreements

Joint Venture Agreements (JV)

Contractual indemnity

Indemnity clauses in Oil and gas contracts

The legal interpretation of the indemnity clauses

Relationship between Operator and Contractor

Rights and obligations under the contract

Exclusion clauses

Limitation on liability clauses

Willful misconduct and gross misconduct

Fiduciary relationship: utmost good faith

Types of risks in Joint Ventures

Investment and business risks

Environmental risks

Deficit of human capital

The worsening of fiscal terms

Control of costs

The competition for Reserves

Risk allocation

The allocation of risks in oil and gas contract is a complicated legal process that has different approaches. The preferred methods all have different legal interpretations. In this paper, we analyze the methods and process of allocating…. [read more]


Nigeria a Survey of the Reasons Research Paper

… Nigeria

A Survey of the Reasons Nigeria's Oil Spills Receive Little Attention Despite the Fact that They Outnumber Those of the U.S.

This paper will show the reasons the people of the Niger Delta region live in an environment of constant oil contamination that is never cleaned up while the comparatively minor oil spill in the Gulf Coast induced instant and widespread reaction and was cleaned immediately. By focusing on Shell Oil's own denial of culpability for pollution in Nigeria and on Nigeria's own war-ravaged human geography, spatial constraints, and lack of significant organizational models and spokesmen, this paper will show that the situation in Nigeria is far from being broadcast or remedied.

The southern state of Ondo in Nigeria is part of the Niger…. [read more]


Public Administrator Term Paper

… But does the average man or women in the street know what a "hedge fund" is? Not likely. So understanding the need to regulate these money-related institutions goes over the public's head in most cases.

TWO: When taxpaying citizens -- already stretched financially by the recession, by the loss of jobs and the housing crisis -- witness the government bailing out banks with the $700 billion bank bailout bill (Troubled Assets Recovery Program -- TARP), they demand regulations that prevent future financial disasters. In other words, when things are going well, conservative politicians calling for a loosening of regulations have a strong appeal. When there is a financial crisis, however, progressive politicians calling for stricter regulation get a lot of attention.

THREE: The Gulf Oil…. [read more]


Environmental Conflict Case Study

… Message Board for Order Number

HTMLCONTROL Forms.HTML:Hidden.1

customer 2010 Jul 28 4:22 PM

If you could edit it to a more environmental conservation / local environmental conflict topic and have it done by tomorrow morning

am that would be great.THANKS!

Environmental Conflict

The April explosion at the BP Deepwater Horizon oil drilling platform has had far-reaching effects on political ecology, and has focused renewed, substantially negative attention on oil as an energy source. The environmental conflict in this situation is painfully obvious: millions of barrels of crude oil spewing unfettered into the Gulf of Mexico each day. The environmental disaster will, by all accounts, heap huge reprisals from political, economic, social, and environmental factions alike.

Oil workers thus far have been unable to completely staunch…. [read more]


Environmental Hazards as a Consequence Term Paper

… Data gathering and Analysis

Overview of the issues of environmental protection

In recent times, the need to protect and save the environment is growing. Most scientists and climatologists working with data related to the climate and the weather believe that the earth's temperature is rising. This is often attributed to the depletion of the ozone layer and the increase in the greenhouse gases. Temperature-rises have resulted in rising sea levels. Many islands in the Pacific Ocean are in danger of being submerged. These changes will influence the lives of the average citizen. More money will have to be spent on healthcare and preventive medicine. Health Services will be burdened due to rising pollution levels, depletion of the ozone layer and contamination of fresh water, the…. [read more]

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