The paper "Organizational Risk and Ethical Issues in British Petroleum" is a great example of a case study on management. British petroleum is a global oil and gas company with its headquartered in the London United Kingdom and it is the world's third-largest energy company and third in terms of revenue and is also on the oil and gas supermajors. Its largest division is based in Houston, Texas in the United States and it’ s the country’ s biggest gas and oil producer. BP company core values state their commitment to the safety and development of its people and communities and societies in which they operate its further states the company aims at ensuring that no accidents occur and no harm is vested to its people and the environment.
These values are driven by continuous improvement and safe reliable company operations. The company is guided by its values in all of its operations and therefore expects people to meet its high ethical standard and to act in accordance with the company’ s set code of conduct. The company in its history has been associated with a number of environmental and political controversies threats includes the 1965 Sea Gem incident, the 2005 Texas City refinery explosion, and the 2010 deepwater Horizon oil spill (Management & Excellence, 24). In 2005, a sustainability report noted that BP Company's actions were aligned to providing high standards of cooperate citizenship and its aspirations were to provide a better quality of life through its services and products. Summary of the major risks that you consider they may face British petroleum is a company that deals with operations ranging from The Occupational Safety and Health Administration has warned that cleanup workers face hazards caused by oil byproducts, chemical dispersants, drowning, heat, and snake encounters, among others.
Benzene is a natural part of crude oil that can cause dizziness, irregular heartbeats, unconsciousness, and even death, according to the Centers for Disease Control and Prevention. There were 800 claims for sprains and strains, cuts, or contusions and 250 for bronchitis-type respiratory problems. Recent media reports say some Gulf of Mexico cleanup workers have complained about nausea, headaches, and coughs they believe are caused by oil fumes and chemical dispersants.
Corbin Dan. (2006, September, 25,). Establishing ethics for insurance professionals. Retrieved from http://www.insurancejournal.com/magazines/midwest/2006/09/25/features/73123.htm [Accessed 13/12/2010].
Management & Excellence. (2007, February 21). World’s Most Sustainable and Ethical Oil Companies 2007. Retrieved From: http://www.management-rating.com/archivo/Brochure%20Oil%20Study%202007l.pdf [Accessed 13/12/2010].
Simbajon, Gabriel, Carlo. (2010, June 19). Corporate Ethics and the BP Oil Spill. Retrieved on 13, December 2010 from: http://all247news.com/corporate-ethics-and-the-bp-oil-spill/509/ [Accessed 13/12/2010].