Report: BP Management Case Study, Environmental Factors and SWOT

Verified

Added on  2023/01/17

|6
|829
|33
Report
AI Summary
This report provides an analysis of BP's management practices, focusing on various aspects such as its framework, subculture, and the application of Porter's five forces. It examines environmental factors affecting the company, stakeholder management strategies, and key corporate responsibilities. The report includes a SWOT analysis to evaluate BP's strengths, weaknesses, opportunities, and threats. It also addresses specific issues faced by the company and proposes potential solutions, such as leveraging technology and addressing environmental concerns. The references include books, journals, and online resources used to support the analysis, offering a comprehensive overview of BP's management strategies and challenges in the context of the oil and gas industry.
Document Page
Introduction to management.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Table of Contents
1. Example and framework.........................................................................................................3
2. Sub culture..............................................................................................................................3
3. Porter five force.......................................................................................................................3
4. Environmental factor...............................................................................................................3
5. Stakeholders management.......................................................................................................3
6. list of significant......................................................................................................................3
7. Corporate responsibilities........................................................................................................4
8. Four responsibilities of business.............................................................................................4
9. SWOT analysis........................................................................................................................4
10. Issues and solution................................................................................................................4
REFERENCES................................................................................................................................6
Document Page
1. Example and framework.
BP management sees technology as playing central role. The one example is BP backed
business with process for turning household waste into the jet fuel which just 20% of carbon
footprint of conventional equivalent (BP case study, 2019). For that here is select market culture
and Adhocracy culture. That is help to manage proper works at work place.
2. Sub culture.
The case study implies culture which creates more of the time, for that here is select art
and design culture which is more beneficial for the business and for its growth factors.
3. Porter five force.
Threat of substitute is can be the threat of BP in the competitive market place. Because
government policies which oppose the use of fossil fuel are threat of company. The company is
also had threat form bargaining power of buyer because suppliers can easily switch their
company (Anderson and et.al., 2015). On the other side, threat of new entrants are created
opportunity because that is not easy to enter in oil industry.
4. Environmental factor.
The environmental factors can affect to BP because, oil and gas affect to environment in
negative manner. Texas have the different liability clauses in case of mishaps or environmental
disasters. This affect to BP.
5. Stakeholders management.
For handling the case, company attract, develop and retain the best talent the world and
hire the best employees. Senior manager can regulate engage with employees through briefing.
Taking proper meetings with employees in order to share details with employees (Salic and
Zelic, 2018). Other side, need to consider important rules and regulations for business.
6. list of significant.
In order to manage in BP, with international exposures be the different from managing in
the national company no international business here is select:
Multi domestic
Global
Transnational
Document Page
7. Corporate responsibilities.
The main corporate responsibilities of company is citizen and great employers. The
energy to produce help to support economic growth and improve quality of life and a million of
people.
8. Four responsibilities of business.
From the report, sustainability development of goals aim to recognize global challenges
such as poverty and climate changes (Schaltegger, Burritt and Petersen, 2017). The company
have main four responsibilities of business are as follows:
Economic responsibilities
Legal responsibilities
Ethical responsibilities
Philanthropic responsibilities
9. SWOT analysis.
SWOT analysis:
Strength Weakness
Strong operational performance.
Effective global presence.
Usages of developed technology.
Oil spills.
Near miss accidents.
Opportunities Threats
Growth of demand for the energy.
Potential growth through the new
project.
Responsible for global emissions.
Cyber security a concerns.
The threat and weakness of company is affect to company performance like near miss
accidents, is one of the measures aspects which is affect to business through the failure to records
data properly led to about in lost of production (Smith and Wong, 2016).
10. Issues and solution.
The company can face challenge is helping people recognize gas as destination fuel, is
not just a transition fuel.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
The another issues company can face through technology (BP case study, 2019).
This can be effectively handled by using various technology as per requirement. This
creates by empower energy and meant for the company in an effective manner.
Document Page
REFERENCES
Books and Journals.
Anderson, D. R and et.al., 2015. An introduction to management science: quantitative
approaches to decision making. Cengage learning.
Salic, A. and Zelic, B., 2018. Introduction to environmental engineering. Physical Sciences
Reviews, 3.
Schaltegger, S., Burritt, R. and Petersen, H., 2017. An introduction to corporate environmental
management: Striving for sustainability. Routledge.
Smith, L. C. and Wong, M. A. eds., 2016. Reference and Information Services: An Introduction:
An Introduction. ABC-CLIO.
ONLINE
BP case study. 2019. Online. Available through: <https://www.bp.com/>
chevron_up_icon
1 out of 6
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]