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The Impact of Deep Water Horizon Crisis on Stakeholders

   

Added on  2019-09-25

10 Pages2031 Words149 Views
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Corporate Social Responsibility
The Impact of Deep Water Horizon Crisis on Stakeholders_1

Executive summary The paper analyzes the case study, namely, deep water horizon crisis in the United States which impacts on the country, company, industry, community, local business, and individuals. The paper describes the business function areas of CSR which shows that the company has established Gulf Coast Claims Facility as the CSR activity in order to compensate the individualswho are affected by the crisis. The crisis has adverse impacts on the industry, community, and individuals.The paper mainly analyzes the impact of deep water horizon crisis and its impact. The paper discussed the economic impact on the company, industry, society and others. The examination ofthe crisis on the environment is done and the impact on local business, community, labor force and well beings. It can be concluded that the deep water horizon crisis has majorly impact on the economy as a whole. The company is doing various corporate social responsibilities in order to compensate thelosses occurred from the crisis.
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IntroductionBackgroundIn this present paper, we will discuss the case study, namely, BP and the Deepwater horizon disaster of 2010. The paper also discusses all the possible business function areas of CSR which are addressed in the deep water horizon crisis. The paper also describes the effect of deep water horizon crisis on the industry, company, community and government, the environmental effect at different ecological system and effect on the community, local business, labor force and potential health hazards and wellbeing.ObjectivesThe main objective of the report is to analyze the case which helps to determine the impact of deep water horizon crisis on the industry, community, company, and government. The objective of the report is to analyze the environmental effect on the ecological system, community, and others.ScopeThe plan of the report is to determine the business function areas of corporate social responsibility, the economic effect of deep water horizon crisis on the government, community, and others. The environmental effect on the ecological system and others is described in the report. The business functions areas of CSR include environmental, economic, and social factors in order to compensate the losses.
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