A. External Environment (Macro environment) Analysis: With respect to the specific organization (in this case‚ BP); things are changing at a rapid pace since the supply and demand of oil is becoming highly dependent upon socio political condition of different parts of the world‚ where its business is operating.For the external business environment analysis of global oil industry (with respect to BP) the selected analysis tool is PESTEL. This model presents a strategy framework built over variables
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strategic outsourcing‚ Outsourcing is the act of transferring some of a companies’ recurring internal activities and/or decision rights to outside providers. Environmental Scanning‚ often referred to as an early warning system‚ is monitoring the external environment beyond your competitors and industry. Properly implemented‚ a strong environmental scanning capability allows the organization to monitor trends‚ issues and events to understand the patterns and enable the early identification of both opportunities
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General Mills faces extreme challenges in the external environment. Being a food company‚ and a very large one at that‚ they are regulated by several organizations and government agencies such as the FDA. They also claim most of their products to be very nutritious; therefore they must back their statements up. General Mills is a very important piece of the overall economy‚ being so large‚ so we are all external stakeholders. This is why they try to be socially responsible achieving #2 and #3 in
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Petroleum (BP) has won acclaims and awards for CSR. But Swaminathan S Anklesaria Aiyar (Times of India‚ Bangalore edition 2010) argued in his article that BP has created the greatest environmental disaster in history which includes its out-of-control Macondo deep-sea well. Gulf of Mexico oil leak is another big historical issue. BP has created a huge image building campaign of ‘beyond petroleum’ critics say that BP has now spindling with ‘beyond problems’ (NJ Watson‚ Petroleum Economist‚ 2009). BP states
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of Nokia Nseries‚ including‚ macro environment‚ competitive situation‚ company‚ and SWOT analysis. Macro environment consist of economic‚ technology‚ political and legal‚ and cultural and social environment. Competitive analyses include direct and indirect competitors‚ Porter’s Five Force‚ and Competitive advantages. Company analysis contains Nokia’s mission statement‚ and company resources‚ and‚ lastly‚ the SWOT analysis which is divided into internal and external effects. The results of analysis
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disasters in Alaska and Texas. Specifically‚ BP ’s defensive approach towards stakeholder management led to lavish compensation for upper level management while creating hazardous working conditions for employees and a burden on all of society in the form of rising oil prices and environmental damage. Background British Petroleum was founded in 1908 and since then has rapidly grown to become the eighth largest company in the world . However‚ as of late‚ BP has come under fire for several high profile
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The BP Oil Spill “Thank God men cannot fly and lay waste to sky‚ as well as the earth‚” said Henry David Thoreau on environmental damage. The BP‚ or British Petroleum‚ Gulf oil spill has been widely referred to as the biggest environmental disaster that the United States has ever faced‚ with over four million gallons of oil pouring into the waters off the Mexican Gulf Coast. The BP oil spill occurred in April of 2010. It was‚ and still is‚ the biggest oil spill in all of U.S. history. The massive
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BP Oil Spill 2010 Elizabeth Morton University of Phoenix SUS/300 3/9/15 Tereza Marks Gulf Oil Spill Case BP Oil Spill 2010 BP is a world leading international oil and Gas Company. The BP Company however had an oil spill on April 20‚ 2010 due to a gas release in the Gulf of Mexico. A massive explosion followed the gas release on the Deep Water Oil rig that was working on the exploration of British Petroleum. The explosive gas leak resulted in eleven peoples dead and several other individuals
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habitats‚ and killing animals in its path that dispersed throughout the Gulf by the wind and waves. The BP Oil Spill‚ also known as the Deepwater Horizon Spill‚ has cost billions of dollars for rejuvenating habits‚ purifying the water‚ washing animals‚ and cleaning up the areas
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Three factors that influence BP oil companies operational and contingency planning include‚ unexpected oil spills. Sometimes the company may experience unexpected oil spill that will require them to change from the original plan. The second factor is natural calamities. Sometimes they cannot control things like floods‚ which can cause oil burst and affect the flow of the plan. The third factor is Man-Made calamity. These affect the plan of the company because they need to address it immediately.
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