Of the other major ethical questions surrounding the spill involve moral and legal obligations 3 responses to ethical questions surrounding the bp oil. Start studying acct325-5 accountability and stakeholder theories (deepwater horizon oil spill) learn vocabulary, terms, and more with flashcards, games, and other study tools. Fallout from the gulf oil spill by beth gardiner may 17, 2010 the world — particularly the united states — needs the oil that bp and other companies pump, and governments have. Media outlets in the first month following the bp gulf oil spill in april 2010 the goal of the research was to the major premise of framing theory is that an. Ethics in the workplace case study: bp oil spill on april 20, 2010 off the gulf of mexico, there was a blowout of the macondo well which is owned by british petroleum also known as bp when the blowout took place it got immediate media attention because aspects of the event were known over the world.
Oil spills and risk perceptions: a stakeholder engagement model to address evolving needs example oil spill stakeholder groups (generic) bp and the mainstream. We use the bp, plc oil spill to provide new evidence regarding the consequences of and motivations for environmental disclosures voluntary disclosure theory of. Stakeholder theory should have been applied to the bp oil spill stakeholder theory refers to a management practice that was created by r edward freeman in his 1980 book this is the end of the preview.
Bp oil spill case study introduction bp company is the multinational oil and gas company headquartered in london, britain stakeholder theory explains that the. View thesis-brennan-katelyn from accounting 101 at university of california, los angeles univeristy of south florida a stakeholder analysis of the bp oil spill and the compensation mechanisms used. Image restoration of bp 2 in this study, benoit's (1997) image restoration theory is used to examine the image restoration strategies used by bp in response to the oil spill. An examination of how british petroleum communicated to their stakeholders that bp, during the oil spill crisis, has used all the theory in order to empathize.
Case study: bp oil spill background this lesson has addressed the key components of ethical principles in crisis communication, including the ethical principles of responsibility, accountability, and humanistic care. Bp's deepwater oil spill case study analysis - business ethics 1 group 9 the gulf coast and the bp oil spill business ethics case study 1. It has been said several times over, including my own posts, that the culture of bp was to blame for the disastrous oil spill in the gulf but applying a little game theory we reveal that there is a lot of blame to go around.
And oil spill are shaping how we do business, and the changes we are making to our portfolio and organization our website plays an integral part in our sustainability reporting. Five leadership lessons from the bp oil spill gill corkindale june 28, 2010 it will be months, if not years, before the full impact of the deepwater horizon oil rig spill will be fully. Check out our top free essays on bp oil spill and the stakeholder theory to help you write your own essay. Request pdf on researchgate | the bp oil spill: shareholder wealth effects and environmental disclosures | we utilize one of the largest environmental disasters in history — the bp, plc oil.
The factors that might lead an oil company to compile a long list of environmental damages are oil spill, false advertisement, explosions and people losing their jobs 2 the approach to social responsibility that bp appears to be taking is bp tries to maintain its image as a green company. Coastal towns would enjoy an economic boon from a massive oil spill in the great australian bight, bp claimed in are no unresolved stakeholder concerns that bp's theory was an. We extend attribution and stakeholder theory in the context of crisis reputation management by examining differences in stakeholder perceptions in the form of organization-related blame we presented eight stakeholder groups with factual information surrounding the deepwater horizon oil spill and. Corporate social responsibility in the oil and gas the deepwater horizon oil spill in the gulf of mexico has unders- a stakeholder theory of the.
Oil company annu al report disclosure responses to the 2010 gulf of mexico oil spill existing theory the gulf of mexico oil spill raised questions about the. The allegation that bp put profits ahead of the environment shouldn't be a surprise in fact, bp's failure to stop the worst oil spill in us history is indicative of a much larger problem with companies that have embraced one of the central ideas in management today: stakeholder theory the. Mixing dispersants with oil at the wellhead would keep some oil below the surface and in theory, the national commission on the bp deepwater horizon oil spill and. On january 16, 2018, bp plc announced it would take a $17 billion charge for expenses related to the 2010 deepwater horizon oil spill it expects cash payments of $3 billion for the year as of july 14, 2016, bp had spent $616 billion in court fees, penalties, and clean-up costs on september.
Bp oil spill, obama government and csr stakeholder theory, by developing a public response to the gulf oil spill, bp had failed to properly place. Krauss, c oil spill's blow to bp's image may eclipse costs new york times may 30, 2010 one response on bp and public issues (mis)management . Crisis management: lessons learnt from the bp of this paper is to examine how bp managed the deepwater horizon spill oil such an investigation will help us to.