Reference no: EM131375110
BP's code of conduct includes this: "health, safety, security and the environment—fundamental rules and guidance to help us protect the natural environment, the safety of the communities in which we operate, and the health, safety and security of our people" (BP, 2010).
But Seidman (2010) said this: "Many of the factors thought to have led to the April 20 explosion of the Deepwater Horizon offshore drilling rig were the result of bad decisions in which a less expensive option—whether to run a test or use a particular kind casing pipe, for example—was consistently chosen over one that would have cost more money."
Organizations cut costs all the time to become more efficient, and they ultimately pass along lower costs to the consumer in the form of lower prices. Without customers, a for-profit organization cannot exist.
Apply concepts from Chapter 9 in the text to analyze business ethics and sustainability at an energy company of your choice (but not your chosen company for the final project), and answer the following:
Assess the ethics involved with an energy company’s strategy and actions.
Debate whether or not a for-profit company competing with rivals can effectively balance ethical business practices while competing for market share in today’s marketplace.
Would you have handled BP's strategy execution differently? As CEO, how would you have handled this, either ensuring this did not happen or after the fact?
What are some of the fundamental marketing concepts
: What are some of the fundamental marketing concepts? How has marketing management changed? We focused on the issue of Health Care Quality. Discuss some components of health quality health care and some proposals for improving quality and whether you ..
|
Exceptional employee with low pay will benefit
: Alex, a researcher, claims that an exceptional employee with low pay will benefit more than his or her co-workers, who receive significantly better pay but perform below expectations, in a merit pay system. Which of the following statements strengthe..
|
Create liability for fraudulent misrepresentation
: During a meeting to discuss ways to cut costs on benefit packages, the vice president of the company, Harold, suggests getting long-term disability insurance for all employees. Assume a salesperson intentionally made one of the following statements -..
|
Define an ordinary annuity
: Define an ordinary annuity. When do you focus on Quantity as a strategy? And, when do you focus on Quality as a strategy? How do you know that a strategy is sound? When would it make sense to use a flexible budget as compared to a forecast budget? (H..
|
Security and the environment and fundamental rules
: BP's code of conduct includes this: "health, safety, security and the environment—fundamental rules and guidance to help us protect the natural environment, the safety of the communities in which we operate, and the health, safety and security of our..
|
About employees religious beliefs and practices
: Do you think organizations should be asking about employee’s religious beliefs and practices? If not, how can they accommodate religion as mandated by U.S. law? What do you believe generates most Equal Employment Opportunity Commission claims, and ho..
|
Which cases transaction could be considered legally binding
: AMC, Inc.’s board of directors have appointed Mr. Ahmed to be the Chief Financial Officer (CFO) of the corporation. The directors declared this appointment during a welcoming corporate dinner in AMC, Inc.’s head office. Can third party rely on the fa..
|
Cooling costs of residential and commercial buildings
: Patents- After years of research, your company develops a product that might revolutionize the green (environmentally conscious) building industry. The product is made from relatively inexpensive and widely available materials combined in a unique wa..
|