Case Study: Deepwater Horizon On April 20, 2010, the Deepwater Horizon, an oil drilling rig chartered by BP and located off the coast of Louisiana, exploded. Course Hero is not sponsored or endorsed by any college or university. This company had to face a massive explosion and fire in March 2005, at its Texas refinery, which resulted in the death of 15 people and resulted in the injury of 500 people. Jio-bp sites will seek to offer Indian consumers high-quality, differentiated fuels and tailored convenience services, benefiting from bpâs global convenience and mobility experience and Relianceâs scale, access and digital connection to millions of customers. View BP case study answers.pdf from MGMT MISC at Anadolu University. Those costs, by the way, are not just for the expat, but also for the expat family. The study begins with an introduction section in Chapter one which provides a general idea of the subject matter being researched, features background information on the case study, affirms the rationale for the study and the problem statement, and outlines the research objectives as well as the research questions. Advantages expected by BP by ⦠Evidence of its high-risk taking culture is evident from both the case and from other studies ⦠The revenue of the company in 2011 to $375,517 million, compared to $297,107 million in 2010. A great example of this is the BPme app, which now allows BP to process over 290,000 transactions daily. BP Company Case Study 1. Companies seek to achieve competitive advantage in the market and grab market share in order to attain long term sustainability. In response to the oil spill that occurred, BP has started taking greater risk and safety measures. They do not need to solve the problem of the cultural barriers created by being foreigners. This usually results in higher productivity. Looking ahead, BP hopes to continue its digital transformation with a modern application architecture. BP has opened a Cedar Creek II of $475 million in Colorado which would be utilizing around 250 megawatt of wind energy for supplying power to 75,000 houses. The stock prices of the company went down considerably and a loss of $60 billion in the market value of the stock prices of the company. New risk management system has been developed by the company, which is consistent and fast. Financial analysis of the company is done on the basis of the relevant financial ratios to evaluate BPâs position in respect to liquidity, working capital management, profitability, long term capital and cash flow. is into finding and extracting oil, moving them to different place, refining them, generating low carbon energy, and offering various services to customers through their retail outlets. An occurrence of this implication, in a facility of this scale, has influence and retains concern for a large community over a very broad variety of perspectives. All Right Reserved. Based on the information of the external and internal market trend, BP’s production in 2011 was lower than that of 2010, due to divestments, diminishing rate of production in the Gulf of Mexico. They were more concerned about rapid expansion of their business through fast exploring of oil using improved technologies used for the purpose. The company got into deal with Rosneft for long-term profitability. Since the level of competition in the oil and gas industry has also increase, so companies are looking out for way to differentiate their offerings from others. Even solar energy and wind energy is being also utilized by the company to offer eco-friendly products and services to the customers around the world. Other competitive elements of BP are its other products such as bio fuel, microbes that would support in enhancing the recovery of oil. All these elements have developed the core competencies of the company strongly after the setback in 2010. 21 Jun. BP case study answers.pdf - Amadou Moctar Ba 99817455356 BP Challenges in global staffing 1 Advantages expected by BP by hiring local managers in an, 1 out of 1 people found this document helpful, Advantages expected by BP by hiring local managers in an emerging market like, Managers with a deep cultural knowledge of the local market can be a huge advantage. Expenses include. The BP Situational Judgment Test is a set of questions assessing how you might react to hypothetical events and situations that might be encountered in the BPâs workplace environment. WRITTEN ANALYSIS OF CASE (WAC) INTRODUCTION TO BP: British Petroleum is a multinational oil and gas company and is indulged in both upstream and downstream operations. Question 1: Critically assess the strategic context within which your firm operates using any conceptual framework which you think is appropriate, and explain which are the most important general business trends and competitive elements. BP Online Situational Judgement Tests. Apart from this, the measurable values that BP offers to its customers are, active management of portfolio, increasing operating cash of the company, strong balance sheet and stable financial condition of the company. BP COMPANY CASE AYDIN SANCAK - MEHMET METÄ°N - OSMAN KAYTAN - SEZEN GÜRDAÄ MARKETING MANAGEMENT APRIL 1, 2016 2. the Case British Petroleum, now known as simply BP, is a multinational oil and gas company that is headquartered in London, England. In addition to this, BP also has to also incur the expenditure for the development of oil and gas reserves in Russia on Kara Sea. Until recently the oil companies started realizing the fact that major portion of the operating expenses of the companies were spent on its procurement or supply chain system. Procurement was not a major area of concern for the companies in the oil and gas industry previously. The flow of blood to a personâs heart muscle and brain declines as a person ages, many times as a result of plaque build-up in their blood vessels. After this incident, US government has cornered BP and the company was not offered federal contacts, which was a huge blow on the bottom line of the company. On March 23, 2005, a series of massive explosions devastated one of the largest British Petroleum refineries located in Texas City. Blood Pressure and Aging. Crisis communication failures: The BP Case Study Daniel De Wolf 1 , Mohamed Mejri 2 * 1 University of Littoral Côte dâOpale (ULCO)/Management & Economics, Du nkerque, France . Google "Schlumberger business interviews" for examples on math, and get the Case in Point book for examples on how to answer questions. Industrial3D was instrumental in providing animations showing the problems and how to fix it. Show More. Based on your answers to these questions it will be verified how aligned you are with BPâs values and behaviors. On the night of April 20, 2010, the Deepwater Horizon oil rig, one of hundreds operating in the Gulf of Mexico, exploded, killing eleven men, and placing one of the most rich and diverse coastal regions on earth in imminent danger of petroleum poisoning. Environmental Business Ethics Environmental ethics is formally defined as the study of human interaction with nature. This reveals that BP has been confronting volatile trends in business since the oil spill. In addition, we offer British Petroleum Runs The Social Media Gauntlet Case Study Answersa 100% guarantee for our custom written papers. This can be considered to be one of the major competencies or competitive element of BP. This ensures that, they can more easily manage potential problems. Western Governors University • CYBER C840, University of Kuala Lumpur • COMMUNICAT 130, BUSN-427-Week-7-DQ2-Global-Human-Resource-Management_891475.doc. Bp Case Study. Due to this reason the company recorded a net loss of $2.4 billion in the year 2010. If you are worried that you wonât be able to "Tell my about yourself", "Why BP/oil", and something else Video 2: a lot of questions, lasts about 30 minutes, many esoteric questions Case 1: Easy case interview. In addition, this thesis recommended possible solutions and implementation plans for BP to deal with the public crisis. Of all the strategies and competitive elements that BP has undertaken or working towards, the most significant is its initiative towards the development and growth of its division for alternative energy. 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