Analyzing Business Ethics and Sustainability at an Energy
Company
BP's code of conduct includes this: "health, safety,
security and the environment—fundamental rules and guidance to help us protect
the natural environment, the safety of the communities in which we operate, and
the health, safety and security of our people" (BP, 2010).
But Seidman (2010) said this: "Many of the factors
thought to have led to the April 20 explosion of the Deepwater Horizon offshore
drilling rig were the result of bad decisions in which a less expensive
option—whether to run a test or use a particular kind casing pipe, for
example—was
consistently chosen over one that would have cost more
money."
Organizations cut costs all the time to become more
efficient, and they ultimately pass along lower costs to the consumer in the
form of lower prices. Without customers, a for-profit organization cannot
exist.
Analyze business ethics and sustainability at an energy
company of your choice and answer the following:
Assess the ethics involved with an energy company's strategy
and actions.
Debate whether or not a for-profit company competing with
rivals can effectively balance ethical business practices while competing for
market share in today's marketplace.
Would you have handled BP's strategy execution differently?
As CEO, how would you have handled this, either ensuring this did not happen or
after the fact?
0 comments:
Post a Comment