• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Business Ethics. In this part of my task I will be focusing on the ethical concerns facing communities in where BP operates. To do this I will list the possible ethical concerns facing communities for BP and then explain and describe each ethical concern

Extracts from this document...

Introduction

Unit 38 - Understanding Business Ethics In this part of my task I will be focusing on the ethical concerns facing communities in where BP operates. To do this I will list the possible ethical concerns facing communities for BP and then explain and describe each ethical concern. I will then focus on what BP could do to improve their corporate responsibility. * Describe the ethical concerns facing communities in which your selected business operates. Because of BP's recent disasters, there has been a list of ethical concerns facing communities against BP. Since BP has operated recently very negatively releasing harmful oil into the Gulf of Mexico damaging a large quantity of the wildlife inside the Gulf i.e. fish. In addition, the oil spill has also caused damage to the surrounding of the Gulf of Mexico including the beaches and property of some of the local residents. This can be seen as an ethical concern to BP as it has affected the lively hood and environment of the local community surrounding the Gulf of Mexico. Another ethical concern facing the communities could be the pressure groups who are protesting against damage to the environment. ...read more.

Middle

http://news.sky.com/skynews/Home/World-News/US-State-Of-Alabama-Sues-BP-And-Transocean-Over-Gulf-Of-Mexico-Oil-Leak/Article/201008215683244?lpos=World_News_Article_Related_Content_Region_3&lid=ARTICLE_15683244_US_State_Of_Alabama_Sues_BP_And_Transocean_Over_Gulf_Of_Mexico_Oil_Leak * What measures could be taken to improve corporate responsibility? Corporate responsibility is simply when a firm achieves success by taking and considering into account all the ethical values and environmental factors which may arise for them, in this case BP. Corporate responsibility involves minimising the chance of negative activities i.e. the oil spill and maximising positive actions. There are plenty of measures that could be taken by BP to help improve the corporate responsibility of their business. Since there has been more than one disaster caused by BP there are numerous measures BP should consider taking to improve their corporate responsibility. One measure that could be taken to improve BP's corporate responsibility could be to undertake test runs and plan ahead for large business operations like the transportation of oil. If BP is able to take this measure then it will prevent the accidental disasters such as oil spill because BP will have planned and practiced time and time again to deal and thus prevent the possible situations that could encounter. Of course this measure does not mean that there will be no chance of a disaster but it will definitely greatly reduce the chance of a disaster because BP will plan and practice the large operations which mean that they would be more ready for the actual real operation. ...read more.

Conclusion

Obviously this is another crucial measure which could affect BP very positively however it will have some risks, it will cost more and more workers may be needed on the other hand if businesses like BP wish to recover from disasters likes the recent oil spill or simply want to be successful they must take risks even though this is not a major risk it will benefit BP vitally in the long term. One more measure BP could take to enhance their corporate responsibility could be to be more aware of adverse weather conditions that may occur during the transportation of oil or simply transactions/transportations. Even though it wasn't the weather conditions that cause the oil spill but was a methane bubble which reacted with the chemicals, the weather conditions may play a bit role when undertaking operations over the waters. It's important that BP plan up ahead before transactions over the waters, even though they haven't had crucial disasters due to the weathers they may be thinking that it isn't a big deal and thus not pay much attention anymore to the weather but it is very important for BP to not forget the possible encounters that may arise. ?? ?? ?? ?? 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Case Studies and Analysis section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Case Studies and Analysis essays

  1. Understanding business ethics- BP and the Gulf of Mexico oil spill

    The accident involved a loss of control over the pressure in the well followed by the failure of the well's blowout preventer, a specialised valve designed to maintain consistent conditions. After the initial explosions, the blowout preventer's emergency functions failed to seal the well, allowing the leak to occur.

  2. Social implications of business ethics. The main areas I will be highlighting are ...

    It isn't that insiders trade stock, but that they have access to information which most people don't have, and that the information gives them an unfair advantage. After all, insider trading has been illegal since the Great Depression, and nobody seems to be too enthusiastic about giving corporate executives an unfair advantage when trading their own stock.

  1. BNC BUSINESS UNIT 19 - P2,P3

    evaluate the business and find what is needed to create a stronger work force. Mentoring is done with an individual for example, an experienced employee at a bank may mentor a new employee however coaching is done with several people at a time e.g.

  2. Identify and describe a selected case significant stakeholder influence over a business. (P2)

    'Try' cards outline simple but effective ways for customers to make small but significant changes to the food they eat. The campaign, promoted in stores, newspapers, magazines and on TV, has been hugely successful, with over 7 million 'Try' cards picked up in stores.

  1. Unit 4 P1 explain different types of business information, their sources and purposes

    to gain access of their competitor?s information, they are allowed to do this, because the law states that all businesses in the groceries market have to provide an annual report Communicating sales promotion: Tesco PLC will use web based information sites to communicate with their customers on their sales promotions

  2. Unit 32 D3 Evaluate how selected retailers have met their social, ethical, and environmental ...

    They also need to cover other resources they rely on, ensuring they use them as efficiently as possible. This indicates that Tesco plc is meeting their standards beyond the clear environmental benefits. This is because Tesco plc is to reduce environmental impact by covering other resources and they rely on and ensuring they are using them ?efficiently?.

  1. International Business. Tescos in the UK and China The Economic Environment Facing ...

    The UK?s per capita is currently at 0.5% which shows people don?t have much disposable income. The ripple effect is a diagram of confidence within a country, for example constant change in government policies, a bank going under or high interest rates.

  2. Galvor Case. Planning and control system for Galvor as a part of an ...

    Finally, if the company is for transnational strategy where units act as strategic independents or integrated players, a combination of formal and informal mechanisms are called for, and relax on formal financial planning and control . Next, the MNCs should consider the difference in the culture of doing business in its units.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work