Identify each of the stakeholders and how they are affected. What are the main harms and benefits in this case for the different stakeholders based on the current situation?
|Stakeholders |Harm |Benefits | | | | | | | | | | | | BP as a global player, is immensely powerful. It has no democratic legitimacy, but often is better able to lead on the social development of the planet than national governments. This is a dilemma it needs to handle carefully.
What do the critics say?
BP's move towards positioning itself as a sustainable energy company has been the proverbial red rag to a bull for some. They point out that BP's claim to be a global leader in producing the cleanest burning fossil fuel (natural gas) is an incremental improvement over oil at best, and a distraction from getting away from fossil fuels at worst. BP, they claim, has co-opted the language of the environmentalists without the real commitment to deliver. Campaigners named BP as one of the "top ten worst corporations" in 2006 following the Prudhoe Bay oil spill. They say that since branding itself an environmentally sound corporation with the "Beyond Petroleum" tagline in 1997, BP has been hit with a number of fines for major pollution incidents.
What does BP say?
BP states that it recognises the significant environmental and social challenges faced by the world in the 21st century. It believes it can, and should, play a part in addressing and resolving many of the issues associated with sustainable development. It also accepts that while the company can be part of the solution, it cannot and should not be the whole solution. Governments, companies
Marketing ethics Case Study Lei FENG 1187662 Table of Contents 1. Background 2 2. Ethical issues 2 3. Stakeholders 4 4. Stakeholders analysis 6 5. Recommendations 7 6. References 10 1. Background In this age, the development of the world can not without oil. British Petroleum (BP) is the largest energy cooperation…
environmental concerns and international energy consumption as it pertains to BP’s global reach for market share. Global Energy BP also known as British Petroleum, has had to adapt its business plans, to fit in the ever changing global energy competition. BP must grow to meet global demands for energy while balancing economy, ecology and ethics. Different global customers will require different strategies to grow market share while making a profit for the shareholders. The United States…
British Petroleum British Petroleum (BP) is a multi-national oil and gas corporation based out of London, England that, in 2013, ranked fifth in revenue among the world’s largest international corporations. They currently operate in over 80 countries worldwide, with operations producing approximately 3.9 billion barrels of oil annually, controlling around 18,000 gas sites and employing nearly 84,000 people. In 2013, these stats led to BP walking away with an astonishing annual revenue of $24 billion…
Fortune 500 Magazine list and by ranking 445 in the FT Global 500 list; however, Exxon Mobil Corporation ranked #1 in Fortune 500 Magazine and #2 on the FT Global 500. British Petroleum, also known as BP, is another strong competitor of Hess Corporation and although not ranked on the Fortune 500 list, for obvious reasons, British Petroleum ranked #34 on the FT Global list. All three of these companies are large publically traded integrated oil companies; however, Exxon Mobil leads the pack in many…
more important than ethics. With the enforcement of the trade barriers, Jardine Matherson & Co saw their profits begin to dwindle and unsuccessfully tried to negotiate with the Chinese government to lift their restrictions. In order to protect their business interests, William Jardine travelled back to Britain to launch a lobbying campaign in an effort to get the British government to militarily intervene on their behalf. Jardine was successfully able to convince the British…
chemicals that have been used to clean up the oil. It was an environmental disaster and a public relations worst nightmare for the oil company British Petroleum, who was the operator of the rig. The effects have been widespread, and are likely to be felt for years to come, not just by the businesses and communities in the immediate area of the spill, but by gas and oil companies all over the world. “The oil spill has caused a lot of attention, and provoked a review of, the regulations, safety standards…
Facts BP is one of the world's leading international oil and gas companies. BP once called British Petroleum and the Anglo- Persian Company has transitioned and went through many rebranding techniques to try to reposition itself to its stakeholders. British Petroleum changed its name to BP then Beyond Petroleum to try to focus its business values on the environmental issues that have come about due to previous issues. BP provides customers with fuel for transportation, energy for heat and light…
the market for oil. The company started in 1883 by Marcus Samuel in London. The company started off selling antiques and oriental shells. By 1886, the company was passed down to his son Marcus Samuel Jr. and his brother Sam Samuel. They exported British machinery, textiles, and tools to the newly developing Japan and the Far East. They also imported rice, silk, china, and copperware to the Middle East and Europe. Along with exporting and importing goods, they also traded sugar, flour, and wheat…
Copyrights: Media information Trademarks: Logos Australia British penal colony in 1788 Free settlers in 19th century due to gold & natural resources. Considered part of the British common wealth Large foreign policy for Asians New Zealand Indigenous Maori Agriculture s main stable of economy. Plays active role in Pacific affairs Anti-Nuclear stances created issues with USA Uzbekistan Strict authoritarian gov Largest cotton, oil, gas and gold deposit.…