Essays on Are Corporations Too Powerful and Presenting as a Threat to Global Economies, Civil Societies Case Study

Download full paperFile format: .doc, available for editing

The paper "Are Corporations Too Powerful and Presenting as a Threat to Global Economies, Civil Societies" is a perfect example of a business case study. The main goal of the study was to determine if corporations are too powerful and presenting a threat to the global economies, civil societies, and the environment. The study was analyzed based on the “ too big to fail” theory. The case study of the corporation that was used for the study was BP. The study affirmed that corporations are too powerful and presenting a threat to the global economies, civil societies, and the environment.

In explanation, the study was able to confirm that BP is one of the biggest multinational corporations that existed today. Due to its “ too big to fail status” , the company polluted the environment in 2010 on an incident known as the Gulf of Mexico oil spill but the United States government helped it to conceal the costs at the expense of the environment. The incident threatened several economies that depended on the Gulf and oil while the functions of the civil society including the media were affected in the concealing of evidence. Introduction The aim of the study was to determine if corporations are too powerful and presented as a threat to the global economies, civil societies, and the environment.

The case study of BP was analyzed to help argue the facts. The analysis of the case study was based on the theory of ‘ Too big to fail’ to help justify the collusion between the government and the company during the event. Based on the theory, BP as a corporation has proven to be too big and powerful thus capturing the interest of the political class.

Large corporations such as BP have undeniable cultural, environmental, political, and economic forces in the globalised world. (Roach 2007) The impact the lives of billions of the world population in different imperceptible and complex ways. The study affirms that corporations are too powerful and presenting a threat to the global economies, civil societies, and the environment.

Reference

List

Bergin, T 2008, Oil major’s output growth hinges on strategy shift, Reuters, 1 Aug, viewed 16 Oct 2016, < http://www.reuters.com/article/us-oilmajors-production idUSL169721220080801 >

Bradshaw, EA 2012, ‘Deepwater, deep ties, deep trouble: A state-corporate environmental crime analysis of the 2010 Gulf of Mexico oil spill’, (Unpublished PhD dissertation). Western Michigan University.

Bradshaw, EA 2014, ‘State-corporate environmental cover-up: The response to the 2010 gulf of Mexico oil spill’, State Crime, VOL.3 no2, 163-181. viewed 11 Oct 2016

De Wolf, D and Mejri, M 2013, ‘Crisis Communication failures: The BP case study’, International Journal of Advances in Management and Economics, vol.2, no. 2, pp.48-56.

Dutta, S 2013, Top 10 oil and gas companies: BP, Oil and Gas iQ, viewed 10 Oct 2016,

Kaufman, G.G., 2014. Too big to fail in banking: What does it mean?. Journal of Financial Stability, 13, pp.214-223.

Luskin, DL 2016, The recession caused by low oil prices, The Wall Street Journal, 7 Jan, viewed 10 Oct 2016, < http://www.wsj.com/articles/the-recession-caused-by-low-oil-prices-1452211556 >

Moosa, I., 2010. The myth of too big to fail. Journal of Banking Regulation, 11(4), pp.319-333.

Roach, B., 2007. Corporate power in a global economy. Global Development and environment Institute–GDAE. Tufts University.

Robertson, TJ, & Sullivan, LL 2009, ‘BAD BOYS OF BUSINESS MAKE FOR BAD BUSINESS DECISIONS: A STUDY IN ETHICS’, Southern Journal of Business and Ethics, vol. 1, p.87.

Snyder, M 2010, 8 long-term economic and environmental effects of the Gulf oil spill, OILPRICE.COM, 11 May, viewed 10 Oct 2016, < http://oilprice.com/The-Environment/Oil-Spills/8-Long-Term-Economic-And-Environmental-Effects-Of-The-Gulf-Oil-Spill.html >

Tomlinson, C 2015, The truth about corporate ethics is still out there, The Sydney Morning Herald, 8 Oct, viewed 6 Oct 2016, < http://www.smh.com.au/business/markets/the-truth- about-corporate-ethics-is-still-out-there-20151008-gk40tf.html

Download full paperFile format: .doc, available for editing
Contact Us