Bps Corporate Social Responsibility - 1416 Words

BP Case Study Although BP’s extreme profitability has led to their position within the Fortune 500 Index, their Deepwater Horizon oil spill in 2010 and subsequent contamination of the Gulf Coast caused many to question the company’s corporate social responsibility (CSR) methods. Although the company utilized numerous reporting standards to report their performance, adverse effects caused by the oil spill exposed weaknesses in the company’s strategies and continue to inflict social and environmental harm. However, in an effort to minimize the damages to profit levels and their brand image, the company implemented strategies designed to steady the damage by modernizing internal procedures, improving investments, and reestablishing customer faith (BP, 2015d). Therefore, BP’s mistake, as well as their ensuing response, indicates the immense social and environmental impact their business practices produce and the inherit responsibility the company has to safegu ard and improve welfare. Consequently, BP’s commitment towards sustainability has been incorporated in the company’s overall business strategy intended to seize opportunities that create long-term shareholder value. For example, the company concentrates on creating value rather than volume by dedicating numerous resources to the improvement of the environment, impact on society, future energy demand, and safety (BP, 2015a). However, external factors such as a decreased global demand of oil and a shift towards sustainableShow MoreRelatedEthics - British Gas Essay1393 Words   |  6 Pages[pic] Enterprise and Social Responsibility Academic Year 2010/2011 Question 1.1 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 | | | | Read MoreSocial, Cultural and Environmental Responsibility of Corporate Business Leaders1482 Words   |  6 PagesIntroduction Corporate social responsibility is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the company s actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholdersRead MoreBp Pipeline Case Regarding Ethical Behavior And Decision Makin1709 Words   |  7 Pagesthrough acquisitions in the med the 1900’s, which helped them to become one of the leading oil producers in the world. The acquisition of the Prudhoe Bay, Alaska refineries produces more than five percent of America’s oil. Therefore, it guaranteed BP’s economic goals by continuing producing oil in the United States. However as soon as 2001 through investigations, BP started having se vere safety issues, in addition to this, by 2005 started a chain of unethical operational and maintenance safety hazardsRead MoreClimate Change: Corporate Social Responsibility2592 Words   |  11 Pages1. Introduction: In recent year, fighting climate change is a one of pivotal issues which require an interference from variety aspect in society, not merely a responsibility of government but also mandate of businesses. To defend a substanable growth of the business, taking care of stakeholder’s right should be paid attention, especially energy companies which directly integrate with government, community and environmental issue. A corporation is likely to obtain several perquisites throughoutRead MoreCorporate Social Responsibility Essay1334 Words   |  6 PagesThe term Corporate Social Responsibility refers to a company’s responsibility to provide a benefit to the society the company affects. Corporate social responsibility incorporates dimensions of corporate responsibility, and corporate policy which include a company’s policy to hire minority or disabled workers, or taking a stance on social and political issues that benefit the community. The social portion of corpora te social responsibility includes corporate charitable business contributions andRead MoreBp s Improve Sustainability And Its Reputation For The Deepwater Horizon Disaster1620 Words   |  7 Pagesdesired location, and also having more oil than they could sell and not having a demand for it. Also BP has had disasters related to social responsibility, and before the major oil spill in 2010, BP was gaining a better reputation as a socially responsible oil company. This analysis will explain the different struggles that BP has faced over the years. I. Analyze BP’s efforts to improve sustainability and its reputation prior to the Deepwater Horizon disaster. Was the company on the right track?Read MoreCompetitive Advantage And The Value Chain1400 Words   |  6 PagesCompetitive Advantage and the Value Chain Unit 3 Assignment Trecia Grimes Kaplan University GB570: Managing the Value Chain Dr. Rita Gunzelman September 25, 2017 â€Æ' Corporate Social Responsibility and the Value Chain It is difficult for an organization to remain competitive in today’s market without taking Corporate Social Responsibility (CSR) into consideration. In today’s market consumers are more aware of how businesses develop their products and service. A few major concerns for consumers areRead MoreHow Corporate Social Responsibility ( Csr ) Has Evolved Over Time2289 Words   |  10 Pagesthis essay is to discuss how corporate social responsibility (CSR) has evolved over time. The relative issue of greenwashing will also be discussed in regards to its rise as well as driving factors for its use, and how activist groups and NGOs are targeting and combating the issue. What is CSR? Firstly, we must understand today’s definition of CSR and the concept of the triple bottom line. Cherry and Snierson (2011, 1010) state that corporate social responsibility means â€Å"managing business withRead MoreThe Analysis Of The Deepwater Horizon Study Group1365 Words   |  6 PagesBP leadership along with partners did not have proper governance and process to evaluate the risk that they are willing to take. The employee at every level does not know how much risk to take nor did any corporate policy exist to guide them. Having zero risk tolerance and zero safety defects in these complex operations ensure there are no human losses. The analysis of the Deepwater Horizon Study Group (2011) (p.11) shows that the leadership was concerned about how much money was spent in excessRead MoreThe Un Global Compact Underlines900 Words   |  4 Pagesunderlining the important role business plays (Globalcompact. Com). These social implications of corruption underline the social re levance of conducting research about the topic. Mainstream literature (e.g. theory of firms) assumes that there is a separation between politics and business and companies are rather unwilling to intervene in domestic politics (Friedman 1962; Henderson 2001) ‘It is not a corporation’s responsibility to fulfil the obligations of states, particularly since it could jeopardize

Don Robertson and Charlotte Perkins Gilman explore the...

Don Robertson and Charlotte Perkins Gilman explore the theme of personal identity throughout their works, from Robertson’s The Greatest Thing Since Sliced Bread, to Gilman’s The Yellow Wallpaper. Though both Don Robertson and Charlotte Perkins Gilman both illustrate and explore the theme of personal identity in very different ways, there are also many similar ways it is illustrated and explored by both authors as well. Don Robertson shows this theme of personal identity through Morris Bird’s cautious sense of right and wrong and how he tries to atone for his mistakes throughout the book and wanting to earn self-respect for himself as well as through his journey to see his best friend, Stanley Chaloupka while Gilman shows this through the†¦show more content†¦How about when Morris Bird took the journey with his little sister Sandra to see his dearest friend Stanley Chaloupka? Morris Birds journey taught him a lot not only about self-respect but about hims elf as well, playing into the theme of personal identity because Morris Bird continues to learn a lot about him-self through this journey he took. Even after the explosion happened when he was inches away from Stanley Chaloupka’s house, Morris Bird showed a lot of character because of his bravery and strong will to keep going as well as saving the lives of Barbara Sternad and the legless man, even with the intensity of explosion and people dying all around (Robertson). That example right there shows more into how the theme of personal identity is prevalent throughout the entire book as well as throughout Morris Birds entire journey to see his best friend, Stanley Chaloupka, even though he does not get to see his friend overall. From the beginning of the Morris’s journey all the way to end with the disaster explosion, he learns about self-respect and personal identity, he learns about himself. Don Robertson portrays personal identity throughout the entire book showing h ow the protagonist, Morris Bird III develops through his journey learning self-respect and personal identity within himself not only for himself but for

Should we adopt the Euro Free Essays

In recent years there has been much debate as to whether the benefits outweigh the costs of adopting the Euro currency. This argument, often a fierce and personal one, has covered the front pages of newspapers for a very long time, and continues to rage on today. But what are the arguments, and should we really join the Euro? Let us start off with the benefits of joining the Euro. We will write a custom essay sample on Should we adopt the Euro? or any similar topic only for you Order Now One large benefit would be the ease of which one would be able to check different prices across Europe due to one, single and only currency. This would mean that a great deal of time spent on checking, and comparing different prices in different countries with different currencies, would be a lot shorter. So, as a result, international trade and purchasing would be much easier and more time could be spent elsewhere. Another great benefit of the adoption of the Euro is the greater competition that it would induce in the market; the pressure to lower inflation and increase productivity would lead to the need for more innovation in the markets, thus creating a healthier and an ever-growing economy. This would mean that the chance of falling into a recession would be lower, employment would be higher, and incomes would as well. A third benefit is the encouragement of foreign companies to invest in the Eurozone. In due course, more money would be pumped into the economies of Europe and therefore generally Europe would be richer, especially the countries that adopted the Euro. Finally, joining the Eurozone would cause Britain to join a large group of countries that could, when working together, play a large role on the stage of world politics, with the voices of smaller countries in the Euro able to have a say on various topics. On the other hand, there are some strong arguments against joining the Euro. A rather surprisingly popular, if a little stupid, reason put forward is patriotic one – the centuries-old tradition of having the monarch’s face on bank notes and coins would be ridden of if the country were to join the Euro, replaced with less patriotic images of Europe. This view is, quite unsurprisingly, not held with very high regard among those for joining the Eurozone. Another argument against adopting the currency was the 20% devaluation of the pound sterling in 2008-10, resulting in not such a bad recession. It was possible that if the UK had been in the Euro at the time, the general economic situation would be a great deal worse than it already is. A third argument against joining the Euro the problem of one Eurozone country’s economy failing resulting in more damage to the other countries that use the Euro. This means that if a small country’s economy failed, then the effects on other Eurozone countries would be greater due to the reliance on other countries in the Euro. In conclusion, I feel that, while the patriotic argument is quite weak, there isn’t much use in joining the Euro, especially when its present situation is so bad considering the recession we find ourselves in. Perhaps, though, in a few years the UK may adopt this single currency, and instead of asking what the costs and benefits are, we must ask ourselves: â€Å"will it last? â€Å" How to cite Should we adopt the Euro?, Papers

Marketing Principle of Milo Singapore - MyAssignmenthelp.com

Question: Discuss the Marketing Principle of Milo Singapore. Answer: Nestle has provided quality products to the world for more than 9 decades. Their products are such that everybody in every corner of the world can rely upon. Nestles Milo is a product which know for providing energy and keeping children active throughout the day. When it comes to Milo Singapore, the brand very confidently talks about it being a product on which the consumers can rest upon (Min et. al. 2015). Such confidence has made the product a brand in itself and is popular among every age. This report sheds light on the marketing mix of Milo that it uses in Singapore. Marketing mix (7 Ps) 7 Ps Marketing Mix. (Min et. al. 2015) Product Nestle came into inception in 1934 and expanded throughout the world. In 2006, Milo from Nestle got awarded for its contribution towards good health. Within a years time, it introduced a concept of malt and milk in higher quantity, which helped children in gaining more energy. With chocolate taste, Nestle Milo got more famous and was liked by the consumers (Professional academy, 2015). They are continuously dedicated towards providing quality products to the consumers and come-up with new innovation every now and then. They give lot of options to the consumers to choose from, as they come in different sizes and range. As the product is made up of natural ingredients like milk, cocoa and malt, it calls for trust and satisfaction among its consumers. It constitutes of 8 types of vitamins and 4 different minerals which are essential for the growing body. The product is also made of Promomalt, which is basically a combination of various carbohydrates which provides energy to the body (Nestle 2016). Place Milo has a very good approach towards the storing and transforming the products as well as establishing a well-structured distribution of the products (Min et. al. 2015). The efficient and very effective manufacturing units which are placed at different locations increases the productivity and is very cost-effective. They basically use two channels for their product distribution, retailers and wholesalers, which work very smoothly and functions very effectively. The logistic system provides a great to and fro movement of the product which helps the product stay in the market all the time. Price The company uses ethnocentric, polycentric and penetration policy strategy when it comes to pricing. This helps them keep almost same price at different geographical locations, which keeps the consumers satisfied, pricewise. They try to reach out to as many customers as possible with their low pricing strategy. They also follow the concept of giving discounts on its products which are as per the location and locality. Promotion Milo supports as well as has sponsored quite a few number of life events like 1984 Milo Olympic display, 1978 Milo football training center etc. (Nestle 2016). For the promotion of the Milo product, Nestle used the strategy of associating Milo with energy. It also provides support to the local teams while participating in different games, both on national level and international level. The company also organized Milo Van in the year 1980 which was very much appreciated throughout the world. As the product is a combination of good health and energy, the Singapore health promotion board also awarded Milo with a much healthier endorsements and concepts. People Milo practices a system of shared understanding which helps the company in having a good image in terms of quality and concern. The people blindly trusts the brand. So, it is mainly given to the growing children for good health benefits. As they are more towards maintaining their quality, which is quite evident from its promotion, packaging and quality, this helps them in connecting with their customers (Academia.edu. 2016). So, not only children but even adults consume it widely throughout the world. Process They use various strategies for developing as well as designing their products so that best product could be provided to the customers in terms of quality and price. They practice a much advanced processing system, which helps them keep up with the continuous development of the product and promote it in such a way that it provides assurance. They continuously develop a network of strong distribution which helps them with their physical presence in every corner of their target market. Physical presence Nestle Milos products are distributed to the various wholesalers as well as retailers like Tesco, etc. References Academia.edu. 2016.Segmentation Targeting And Positioning Of Nestle Marketing Essay. Min, C. H., Baker, J. A., Han, L. Yi Lim, J. 2015. Milo sold in Singapore is made here, no counterfeit problems, say Nestle and retailers. Nestle 2016.Home | Nestl Singapore. Professional academy, 2015. MARKETING THEORIES THE MARKETING MIX FROM 4 PS TO 7.