Strategic Change and Competitive Advantage: British Petroleum Report
VerifiedAdded on 2019/09/23
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Report
AI Summary
This report analyzes the need for strategic change within British Petroleum (BP), focusing on the aftermath of the 2010 oil spill in the Gulf of Mexico. It examines how BP must implement changes to improve its environmental policies, leadership strategies, and overall competitive advantage. The report highlights the legal, social, and economic challenges BP faces and emphasizes the importance of innovative environmental policies, improved leadership training, and enhanced risk management to regain stakeholder trust and market reputation. The analysis underscores the necessity of addressing past failures, such as inadequate employee safety measures and cover-ups, to prevent future disasters and maintain a sustainable business model. The report concludes by emphasizing the need for strategic changes to address the problems and to formulate a better environmental policy.
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