BP s management planning presentation
BP’s Management
Planning
Presentation
By Michelle Rollins
MGT/230
1/20/14
Rick Benito
Overview
The
planning function of management
The influence of legal issues, ethics and corporate social responsibilities of
British Petroleum (BP)
The factors that influence, Strategic,
Tactical, operational and contingency planning Planning For Rebuilding and
Growth
Exploration
Deepwater
Gas value and chains
Technology
Relationships
Strategic goals
Increase
stock values
Rebuild public relationships and trust
Improve global environment image
Planning process
Develop
a plan
Identify the plan
Evaluate the plan
Operational plans are included
Implement new systems and control
Monitor and control progression towards goal Addressing the issues
Ethical
issues
Environmental protection
Legal issues
Corporate social responsibilities
Build a positive image
Ethical Management
Making
an effort to build long-term value in the future.
Dealing with honest suppliers.
Complying with environmental laws.
Ensuring reasonable levels of workplace, health and safety.
Provide customers with the products of their nature.
The Response and
Responsibility of Gulf Oil Spill
BP’s management resulted in a oil spill arguing liability.
Strategy was to avoid taking legal responsibility so management started finger pointing.
BP’s factors that influenced planning Three factors that influence BP oil companies operational and contingency planning include, unexpected oil spills.
Sometimes they cannot control things like floods, which can cause oil burst and affect the flow of the plan.
The third factor is Man-Made calamity. These affect the plan of the company because they need to address it immediately.
Conclusion to BP’s oil spill
In conclusion, the extra-precautions BP should have taken in order to prevent this disaster could have been expensive…even very expensive…but still cheaper than the” destruction of its reputation and business…not to
Planning
Presentation
By Michelle Rollins
MGT/230
1/20/14
Rick Benito
Overview
The
planning function of management
The influence of legal issues, ethics and corporate social responsibilities of
British Petroleum (BP)
The factors that influence, Strategic,
Tactical, operational and contingency planning Planning For Rebuilding and
Growth
Exploration
Deepwater
Gas value and chains
Technology
Relationships
Strategic goals
Increase
stock values
Rebuild public relationships and trust
Improve global environment image
Planning process
Develop
a plan
Identify the plan
Evaluate the plan
Operational plans are included
Implement new systems and control
Monitor and control progression towards goal Addressing the issues
Ethical
issues
Environmental protection
Legal issues
Corporate social responsibilities
Build a positive image
Ethical Management
Making
an effort to build long-term value in the future.
Dealing with honest suppliers.
Complying with environmental laws.
Ensuring reasonable levels of workplace, health and safety.
Provide customers with the products of their nature.
The Response and
Responsibility of Gulf Oil Spill
BP’s management resulted in a oil spill arguing liability.
Strategy was to avoid taking legal responsibility so management started finger pointing.
BP’s factors that influenced planning Three factors that influence BP oil companies operational and contingency planning include, unexpected oil spills.
Sometimes they cannot control things like floods, which can cause oil burst and affect the flow of the plan.
The third factor is Man-Made calamity. These affect the plan of the company because they need to address it immediately.
Conclusion to BP’s oil spill
In conclusion, the extra-precautions BP should have taken in order to prevent this disaster could have been expensive…even very expensive…but still cheaper than the” destruction of its reputation and business…not to
References: Daft, R., & Marcic, D. (2012) Understanding Management. Mason, OH: South Western Cengage Learning Sherlock, M. (2011) Tax Issues and the Gulf of Mexico Spill. DIANE Publishing