Understanding business ethics- BP and the Gulf of Mexico oil spill
BP Oil Spill in Gulf of Mexico BP (British Petroleum) is a global oil and gas company headquartered in London, United Kingdom. It is the fourth-largest energy company in the world measured by revenues and one of the six oil and gas "supermajors". It is vertically-integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has major renewable energy activities, including in biofuels, hydrogen, solar and wind power. BP operates in over 80 countries, produces around 3.8 million barrels of oil equivalent per day and has 22,400 service stations worldwide. Its largest division is BP America, which is the biggest producer of oil and gas in the United States and is headquartered in Houston, Texas. Throughout this report I will be discussing the BP oil spill off the Gulf of Mexico this was a global disaster in 2010 it was an oil spill that occurred in the Gulf of Mexico as a result of the explosion and sinking of the Deepwater Horizon oil rig. The rig was owned by an offshore drilling contractor, Transocean, and was leased to BP for exploration of the Macondo Prospect, an oil field off the coast of Louisiana. Due to extensive damage to the wellhead and the depth at which the damage occurred, BP was unable to stop the flow of oil for several
Airline Case Study. What was David Neelemans original strategic vision for JetBlue? Should JetBlues strategic vision be revised now that the company has new executive leadership?
. What was David Neeleman's original strategic vision for JetBlue? Should JetBlue's strategic vision be revised now that the company has new executive leadership? David Neeleman's original strategic For Customer Attract more passengers during the economic crisis is a big goal. Start a company that would combine the low fares of a discount airlines carrier with the comforts of a small cozy den in people's homes. It means become more comfortable when passenger in JetBlue airplane Almost JetBlue's ticket price is lower than the other airline. Passengers can use Electronic ticketing, it is big part of JetBlue profit, when passengers have no time to book ticket, and electronic ticketing is convenient and efficient Good environment and customer service ---- provide Personal TV and use leather seats all the plane, offered passenger operated point-to-point system. For operating find the way to reduce operation cost, Use 2 type of aircraft can reduce repair cost, maintained quick turnaround times at airports, JetBlue served only snacks so they did not have to wait for replenish time. Flight attendants stowed snacks carry-on bags and coats in the overhead bins. Everyone-pilots, flight attendants, and passengers--helped throw away the trash after each flight. All the employees are the best crew members in the JetBlue. New strategies are based and revised on original
The development of the educational tourism market.
The products and services of school tour operator's NST was established in 1967 and is now the UK's leading educational travel company for Primary Schools, Secondary Schools and Colleges. Their committed team of educational group travel professionals and teacher consultants have developed a superb range of subject led and general group travel programmes to meet the needs of educational groups of different ages, studying a wide range of subjects. As the largest tour operator for schools, they offer the very best prices in the educational travel market, whilst providing the very highest levels of customer service, giving the school the peace of mind they want, when organising travel for a group of young people. Primary School Group Travel With a dedicated team of Primary school travel consultants, NST provide excellent value residential tailor-made packages to: London, Edinburgh, Yorkshire, N. Wales, Isle of Wight and many more other destinations. NST offer a range of overseas visits, each designed especially for Primary school groups that will introduce the pupils to different food, languages and culture some of these destinations are as categorise:- Capital experience, Coastal & Country experiences, Cultural experiences, Citadel experience and many other destinations Secondary Schools & 6th Form College Group Travel Dedicated group travel programmes for a wide
Business ethics - After reading a case The Ford Pinto I came to the conclusion that Ford acted unethically in resolving the issues with a gas tank in the cars.
The business ethics includes three main theories: utilitarianism, deontology and theory of justice. One of the most influential in business ethics is the concept of utilitarianism (Act Utilitarianism) which states that morally justified action is an action which eventually leads to the maximum benefits for everyone who is involved. After reading a case "The Ford Pinto" I came to the conclusion that Ford acted unethically in resolving the issues with a gas tank in the cars. As I understand, Ford calculated that human life is not worth enough for them to spend extra $8 on the production cost of each car. Ford's economists did the following: using the statistics of accidents, they estimated approximately how many such accidents will happen in all the years of exploitation of Pinto, and how many people will be burnt alive. Then they calculated the cost of payments for the insurance and the claims of the victims. They also estimated that the cost of remaking all Pinto is several times higher than the cost of the claims. Accordingly, Ford decided that it is more economically profitable to burn people, than to alter cars. In my opinion Ford's decision was unethical and I support my opinion with an Act Utilitarianism theory. The decision that Ford made was a morally incorrect. The reason why I say this is because; even intellectually challenged person can see that human life is
Business Ethics Case Study - David Tuff is a security guard of Blue Mountain which is a company that manages and operates retail shopping malls. As a security guard he is required by law to report to the police all serious accidents and crimes,
CaSarah Severs Business Ethics Paper #2 November 3, 2011 "The Reluctant Security Guard" David Tuff is a security guard of Blue Mountain which is a company that manages and operates retail shopping malls. As a security guard he is required by law to report to the police all serious accidents and crimes, including felonies, occurring within the premises in which he is working. However, fourteen months after his date of employment Blue Mountain created a new company policy requiring the security guards to escort intoxicated persons, including drunk drivers, from the parking lots onto the public road. The company policy did not instruct the officers to arrest the drivers or contact the police. Tuff complained against this new company policy. He says that it is contrary to the oath he swore to uphold as required by law. When Tuff realized that the company intended to make no changes, he revealed the policy, which he deemed as disreputable, to the media. The result was public disgust against Blue Mountain. By going to the media Tuff violated company policy which prohibits employees from talking to the media about company policies. In the end Tuff was fired for violating this company policy. The question that needs to be answered is did David Tuff take the correct action by blowing the whistle? My answer is yes. I believe that Tuff did the right thing by blowing the
Disneyland and M&S. I am going to investigate customer service in two separate businesses, these are Disneyland Paris and Marks & Spencer.
In this unit I am going to investigate customer service in two separate businesses, these are Disneyland Paris and Marks & Spencer. Introduction to Disneyland Paris History of the Park Carrying the success of the Disneyland theme park in Anaheim, plans to build a European version were set underway in 1975, nine years after Walt Disney himself died. In the running for possible locations for this new park were the UK, France, Spain and Italy; however the UK and Italy were quickly ruled out as potential candidates due to the lack of flat land to expand the park on. The country which seemed the most fitting for this planned new park was Alicante in Spain, which has a similar climate to Florida for the majority of the year, unfortunately the area was prone to high winds. This then only left France who eventually won and the area of Marne-la-Vallée was investigated, due to its closeness to Paris and its position with Western Europe, something which was seen to be crucial to the parks future success in order to attract adequate numbers of visitors. This proposed location for the park was within a 4 hour drive to approximately 68 million people and a 2 hour flight for around another 300 million or so. Michael Eisner signed the first agreement letter with the French government in 1985, then financial contracts drawn by the following spring. Robert Fitzpatrick, a key organiser of
With reference to the car market, discuss the case for and against engaging in niche marketing as distinct from mass marketing.
With reference to the car market, discuss the case for and against engaging in niche marketing as distinct from mass marketing. A niche market consists of targeting a product or service in small segment of a large market. A niche market allows firms to target just one type of customer group. This is beneficial to a business within this particular market because it can help clearly focus on what that certain group of customers want and expect from the niche business/industry. In the case of the motor industry, there's a huge distinction between the volume car producers and the specialist or luxury car producers in relations to the whole production area, especially the target customers. Considering the fact that the specialist or luxury car producers are from the niche market, the potential customers for that specific industry are generally are small. This is because the luxury car producers have produced cars which will attract certain minority group of customers but may not for the majority. What this means is that the luxury producers specialises in offering luxury cars such as Rolls Royce which exceeds at a more higher price of £100,000 than a what you'd expect for an average car price coming from the volume car producers. This is because these cars are uniquely made than an average car. Therefore, since the luxury car producers produce cars at higher prices, the will
Business information and communication at Tescos.
Section A: different types of business information, their purposes and sources. In this section of the handbook I should address the following tasks: Task 1 - Outline the different types of business information used by the organisation (p1) Task 2 - Describe the purposes of the information you have outlined in task 1 (p1) Task 3 - Describe the sources of the information you have described in task 1 (p1) Types of information Example Description Purpose Source Verbal/oral Face to face and telephone Team meeting Planning on how to improve in the company and activities to be done Human resource department Written Letter Report Writing to plan an appointment to discuss issues about the company Informing future developments on how to improve the company financially Finance department Screen-based TV Computer Advertisement Communication sales promotion Marketing Web-based Internet Website Informing future development and communication sales promotion Finance and marketing department. Multimedia Web pages Magazine Bill boards Fliers Posters Financial accounts, Monthly magazines Inviting support for activities. Updating information Strategic development Finance department Government Electronic methods of communicating business information In this section of the handbook I should describe the electronic methods of communication which is
Diversification case study. Reasons why GSK diversify
Diversification Introduction Diversification is the process of entering new business markets with new products. Companies diversify either by acquiring already existing businesses or by expanding their own businesses into new markets and new areas of production or service. Firms may choose to diversify for two reasons. Diversification may benefit the firm's owners by increasing the efficiency of the firm. Also, diversification decisions may reflect the preference of the firms' managers. Reasons why GSK diversify GSK is a pharmaceutical giant, with an estimated seven per cent of the world's pharmaceutical market. One of their key strategies is to diversify their business to create a more balanced product portfolio and move away from a reliance on traditional white pill/ western markets Economies of scale and scope Having a wide variety of products will enable GSK to capture a larger market share, and hence more profits. GSK diversify into over-the-counter (OTC) medicines, oral healthcare and nutritional healthcare. Worldwide it is the second largest in OTC medicines and the third largest in Oral healthcare. In Nutritional healthcare it holds the leading position in the UK, India and Ireland. OTC medicines include Panadol, Eno. Oral healthcare products include Aquafresh and Sensodyne. Nutritional healthcare products include Horlicks, Ribena and Lucozade. Economies of
Product life cycle and marketing mix case study. L & Cs extensive stock is constantly changing but they supply a range of new, reconditioned and used garage equipment.
Product L & C's extensive stock is constantly changing but they supply a range of new, reconditioned and used garage equipment. They supply new and used Garage Equipment to the whole of the U.K. but are conveniently located in the North West of England to serve surrounding areas. They use a well-known distributor called Sealey, who give a wide choice of equipment with fast delivery.*** Product Life Cycle I believe that this product at the moment is in the growth stage of the product life cycle, as the manager stated in the interview that he has recently had a decline in demand due to the credit crunch but now profit is steadily growing. After consumers see that product is worth having and suites them the product can now be classified under the Growth Stage where sales start to increase quickly and more distribution channels are establish. L & C is in growth stage of product life cycle analysis. This is because L & C only has one outlet, which has only a few distributors in one country so far that is England. L & C has the potential to do well if it expanded if it had the right amount of funds a foil proof business plan and the will power to take the risk. However, L & C's network of distributors and stockist is rapidly expanding throughout the UK region, expanding outside of Greater Manchester. L & C is constantly upgrading and expanding its range of products with the aim
