Reference no: EM13787522
THE NEED TO EXAMINE THE EXTERNAL ENvIRONMENT: DISASTER IN THE GULF ONE YEAR LATER The Gulf Coast oil spill disaster not only resulted in oil and tar balls washing up on local beaches but contributed to the evaporation of the wedding business on the beach. In one family business, 85 percent of the business and $90,000 cash were lost while they only received $20,000 in emergency payments. A year later, resentful wedding business owners are still living day to day. They contend that British Petroleum (BP), which owned the Deep water Horizon oil rig where the explosion and subsequent leak occurred, has not fulfilled its obligations to them and their true losses won't ever be recovered. With government intervention, the $20 billion fund established by BP has only paid out $3.8 billion. Government attorney, Kenneth Feinberg, emphasizes that 200,000 claimants have been compensated in nine months.
Be prepared to discuss the following concepts and questions in class:
Concepts
¦ The external environment
¦ External environmental analysis
¦ Five forces of competition
¦ Strategic groups
¦ Competitor analysis
How to analyze the external environment, which is critical for a firm to remain competitive in its market. Answer all five questions.
Questions
1. What external environment (general, industry, and competi- tive) segments do you think BP considered or didn't consider prior to their drilling off the Gulf Coast? What should the wed- ding business owners now consider in their external environ- ment?
2. How should BP have handled an external environmental anal- ysis and what environmental changes and trends (opportuni- ties and threats) might they have discovered?
3. Analyze BP using the five forces of competition model to determine the industry's current attractiveness in terms of profit potential.
4. Who might be in BP's strategic group and why?
5. What would a competitor of BP now discover about them in a competitor analysis?
|
Review the equal opportunity employment laws
: Imagine you are the recruiter in a human resources department. Review the Equal Opportunity Employment Laws presented in this Module. Select one of the laws presented, conduct some academic research on it, and then find a court case that was based on..
|
|
Which of top segments do you think would be most purchase
: Which of the top four segments do you think would be most likely to purchase each of the following products, and why? (If none would, explain why not).
|
|
Job-order costing variables
: On July 1, Job 46 had a beginning balance of $1,235. During July, prime costs added to the job totalled $560. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,921. What was overhead appli..
|
|
Paper on organization of law enforcement agencies
: Topic: Organization of Law Enforcement Agencies, Do you agree or disagree with the paramilitary style of organization of most law enforcement agencies
|
|
What would a competitor of bp now discover about th
: THE NEED TO EXAMINE THE EXTERNAL ENvIRONMENT: DISASTER IN THE GULF ONE YEAR LATER The Gulf Coast oil spill disaster not only resulted in oil and tar balls washing up on local beaches but contributed to the evaporation of the wedding busi..
|
|
Explain what is meant by nervousness of the mrp schedule
: Explain what is meant by "nervousness" of the MRP schedule. Provide an example. Name two tools that are particularly useful in reducing system nervousness in MRP systems.
|
|
About the without recourse
: Pete Payee specially indorses a note payable to his order and also uses the words "without recourse." What is the effect of the words "without recourse" here?
|
|
Learned concerning organizational structure
: Applying Structure For the Assignment, you will apply what you have learned concerning organizational structure and conduct research on Volkswagen (VW). You will respond to the three (3) questions listed below the Assignment instructions in an APA fo..
|