System Oriented Theory Analysis With Bp Company

991 words - 4 pages

This main purpose of this review report is going to analyses the BP corporation by go through its sustainability 2010 annual report in order to use as references for future development. Sustainability disclosure is the process for publicly disclosing an organization’s economic, financial, environmental and social performance.

Executive summary
 An organisation's stakeholders increasingly expect more than just financial and governance information. Stakeholders also require information about company economic, environmental and social performance. Information included in a sustainability report should meet the needs of those stakeholders who include customers, employees, ...view middle of the document...

“By the 31 of December, 2010 they have spent $17.7 million to maintenance the surround environment of Gulf of Mexico”.
Organizations continually seek to ensure that they operate within the bounds and norms of society. Under the social contract between social and organization, the BP has breached the “social contract” surely they do want to be consistent with the legitimacy. “They activity seek to corporate with the relevant legal and US government department. By establishing the a 20million dollars funds” The fund is designed to satisfy claims adjudicated by the GCCF, final judgments in litigation and litigation settlements, state and local response costs and claims, and natural resource damages and related costs. In Gulf of Mexico accident, the legitimacy of BP is threatened. The managers try to use the information disclosure to regain the legitimacy.
Beside of the legitimacy theory, the system-oriented theories also use the stakeholder theory to evaluate the performance of BP. It prescribes how stakeholders should be treated (based on various ethical perspectives), especially after happens of Gulf Mexico accident, The BP has contact the Government officials, NGOs and investors, listen to them. Many stakeholders – from non-governmental organizations (NGOs) to investors, from governments to community leaders – expressed their concerns with BP in 2010.
“They urged BP, among other things, to:
1. Involve NGOs in the Gulf of Mexico restoration efforts.
2. Play a positive role in the development of new industry deepwater regulations.
3. Clarify how its internal carbon pricing helps to address the issue of GHG reductions.
4. Clarify why it exited the US Climate Action Partnership.
5. Explain its public lobbying activities.”
Above is the actual actions of stakeholder and BP to save the organizations to meet the long term sustainability development, it is not just because of the BP public image, but also for the continuing development of their financial sustainability. These good actions are both in the field of ethic branch and...

Other Papers Like System-Oriented Theory Analysis with Bp Company

Management Planning Essay

1041 words - 5 pages establishment of the BP system to the chief executive of the group. The components of BP’s internal control system include processes, organizational structures, behaviors, and standards. One of the vital elements of BP’s internal control system is operational performance. On a daily basis, business equips themselves with hazards and indecisions by managing, monitoring, and improving its management. The risks and the way these risks are managed are reported

oil & gas management Essay

2511 words - 11 pages  OIL & GAS MANAGEMENT ESSAY MODULE NAME: Oil & Gas Management MODULE CODE: POD212 STUDENT ID : 31575 FULL NAME : Olivia Akinwunmi Streets INTRODUCTION: TNK-BP British Petroleum BP, originally called the Anglo-Persian Oil Company is a multinational firm who focuses on oil and gas production. BP is known as the world’s third largest petroleum company, with current operations in several countries

Bp - Global Business Environment

3983 words - 16 pages attention to the effects it has on the Multi National Corporation (MNC) BP. It looks at what legislations and objectives the EU has to tackle climate change and how MNC’s attempt to meet the terms with these. The report gives an in depth analysis of the single European market and how most legislations including environmental all link up with this. With BP operating globally it is affected by more than one policy from different global markets

Climate Change: Corporate Social Responsibility

2658 words - 11 pages corporation is likely to obtain several perquisites throughout treats in a socially responsible manner, among them: the elevation of financial achievement and the mitigation of operating costs; the enrichment of the organization image and reputation; the upgrade of customer loyalty and sale (cited in Ciliberty, Baden and Harwood, 2011). BP is a global oil and gas company, supplying its clients with fuel for transportation, power for heat and light

Business Ethic Analysis on Bp

3342 words - 14 pages British Petroleum Company (BP). BP headquartered in London, United Kingdom. It is vertically integrated and operated in all areas of the oil and gas industries, including exploration and production, refining, distribution and marketing, petrochemicals, power generation. Trading, bio-fuels and wind power. 1.2 BP ethical practices BP has a long term ethical practices which is to fight against corruption. BP has complied with the US

Global Ethical Position of Bp

2430 words - 10 pages The global ethical position of BP and their exploration of the Gulf oilfields. BP (formerly British Petroleum) is one of the world’s largest oil and energy companies, which provides fuel, energy and petrochemical products. They have been in existence since the early 1900’s and have gone through a number of changes. In July, 2003 after merging with Amoco they rebranded as a ‘beyond petroleum’ company. Their logo, a sunburst of green

Gulf of Mexico Oil Spill and Bp Environmental Cleanup

5264 words - 22 pages the oil rig explosion. (New study faults US government and BP, 2010) With the many findings of what was thought to be a contributing factor caused congressional hearings and other inquires. Within days of the explosion, Salazar dismantled the “Mineral Management Service” and setup a new system to inspect and license oil rigs. (New study faults US government and BP, 2010) There were a number of decisions which were made and all of them were

Mgt/230 Wk3 Management Planning

855 words - 4 pages MGT/230_ Wk3_Management Planning MGT/230 April 15, 2013 Management Planning As today’s leading energy company, British Petroleum, PLC (BP) has been thriving to satisfy the investors with legal, ethical, and social responsibility issues as a corporation while protecting employees and environment. The global economy has been fluctuating rapidly since the last tragic incident that happened in 2010; therefore, now is the time to

Case Study Analysis

1156 words - 5 pages (Deepwater Horizon) leased by British Petroleum (BP) ignited and exploded spewing 42,000 gallons of oil a day into the Gulf. Two days later the rig sank increasing the spill rate to 210,000 gallons of oil a day. Analysis – Government intervention The U.S. Government named BP as the responsible party in the incident; BP was found negligent in communication and safety practices, the company was held accountable for all cleanup costs resulting from the

Bp Oil Spill

2293 words - 10 pages ventilation system which then created a potential for ignition, which was suppose to have been prevented by the rig’s fire and gas system. ( Durando. Jessica, 2011) Anadarko Petroleum is considered as one of the largest independent oil and natural exploration and production companies in the world. Anadarko Petroleum is partner with BP on the Deepwater Horizon Oil rig in the Gulf of Mexico. Although Anadarko Petroleum owns a quarter of the damage well

Value Alignment

1269 words - 6 pages Value Alignment Introduction British Petroleum (BP) is an oil company founded in 1909. They merged with Amoco Corporation in 1998 and became one of the largest oil companies in the world ("Encyclopedia Britannica", n.d.). Working in the oil industry for so long, BP has encountered many issues that have tested the organizations values. Analyzing those values and comparing them to personal values can lead to a better understanding of the

Related Essays

Situation Analysis And Strategic Recommendations Of Bp After Oil Spill Disaster In Usa

3997 words - 16 pages the strategic decision making and positioning of the company. Executive Summary: This paper will start with a brief background of BP. A PESTEL analysis will be carried out to understand the most problematic areas then a SWOT analysis will be conducted to identify the threats and future opportunities for the company. The final part consists of some strategic recommendations based on Porter's generic model and Ansoff matrix. Approach: The

Using Teams In Production And Operations Management

1786 words - 8 pages Winston Churchill believed in its success and supported the oil movement. His speech captured the attention of the United Kingdom government so remarkably that they endorsed and became investors of the Anglo-Persian Oil Company (APOC) (BP Global, 1996-2012). With the growth of heating and automobiles powered by gasoline came the rising success of the APOC. In 1935 Persia renamed its country Iran, thus sparking the company name change to Anglo

Bp Swot Analysis

2403 words - 10 pages 3.1. British Petroleum (BP) British Petroleum is a company, which focuses mainly on petroleum, but has some interest in alternative energy. It is one of the world’s largest oil and gas companies, which serves over 13 million consumers in more than 100 countries. The market of alternative energy is not as well developed, nor as profitable as oil, but it is a good future investment with the recently raising environmental concerns. BP

Bp's Marketing Strategy In Changing Business Environment

4953 words - 20 pages exploration, refining, production, trading, power generation, renewable energy production, etc. BP is presented in more than 80 countries all over the world and employs more than 80,000 workers. The company was founded in 1909 as the Anglo-Persian Oil Company, but only in 1954, it was known as the British Petroleum Company. 1998 was marked by the merger with Amoco (BP, 2011:1). Operating in turbulent and dynamic industrial sector, BP has always