Cognitive bias was rampant in this situation. This type of bias results in inaccurate situational assessments and “can cause an underestimation of exposure risk and an overestimation of the capability of systems to mitigate hazards” (Spigener, 2016, p. 20). Accordingly, both Transocean and BP officials participated in ignoring warning signs. Greatly underestimated risk is evidenced by members of both organizations discussing readings that should have been red flags to one or both companies prompting them to action (Kreitner & Kinicki, 2013). Additionally, overconfidence bias was present in this case. This type of bias is when “[l]eaders tend to overestimate the accuracy of their own predictions, perceptions and judgments as well as the strength of their abilities, even when faced with evidence to the contrary” (Spigener, 2016, p. 22). Obviously, officials from BP knew the risks associated with purchasing substandard equipment and installing less than the recommended number of parts to meet safety specifications. Nevertheless, they had overconfidence in that they believed they could …show more content…
“Attribution error biases operate through the tendency to understand one’s own success in terms of personal powers and abilities while seeing one’s failings as the result of bad luck or external, situational causes” (Spigener, 2016, p. 22). Transocean cited numerous decisions that were made solely by BP, which weakened the well (“A Problem Shared,” 2010). It is much easier to believe the blame is attributed solely to external forces rather than to take responsibility for one’s poor judgement and lack of action. The Deepwater Horizon situation was devoid of rational decision-making. If a decision model must be chosen, from the details provided in the case study, the garbage can model most closely approximates the type of decision-making used. Moreover, it appears there was very little decision-making in this particular
There is a lack of knowledge regarding the use of the Garrity warnings. The Garrity warnings have been misinterpreted and misapplied in numerous cases throughout the United States and caused various investigations to be dismissed and also caused some employees to lose their jobs behind statements they provide during
Notably, the fundamental attribution error is a personal bias that is problematic in society. To emphasize, the fundamental attribution error is when individuals have the tendency to attribute people’s behavior to components of their character or personality, even when situational influences are producing the behavior (Textbook, page 171). An example of the fundamental attribution error operating in daily life is when a driver avoids hitting a pedestrian and causes an accident. In this
The fundamental attribution error intrigued me while reading the book because I came across the example about Hurricane Katrina. I lived through this experience so I felt it was only right that I talk about my take. The definition of the fundamental attribution error is assuming someone’s personality based on their actions, even when there are powerful outside forces that can be influencing them. Hurricane Katrina was a horrible natural disaster that no one could have predicted would happen but none the less it happened. I remember my family and I watching the news together and coming to the crippling conclusion that we had to leave everything we had behind. Of course, we were used to this because we lived in what they call “the soup bowl” and we were used to emergency evacuations for hurricanes. There was no
MEJRI, Mohamed, and Daniel DE WOLF. 2013. "Crisis Management: Lessons Learnt From The BP Deepwater Horizon Spill Oil". Business Management And Strategy 4 (2): 67. doi:10.5296/bms.v4i2.4950.
The media is lying to our faces while pushing their own opinions onto the groups that they have influence over. This statement might sound insane but an overwhelming number of Americans believe that the media is not being completely honest with the information that they are reporting. Media bias may not seem like a hard-hitting issue but it can become extremely dangerous in the right circumstances. Media bias becomes a dangerous weapon when politicians use it as a tactic to get the upper hand in a situation. Often, this situation involves the presidential elections and other high ranking official elections. In almost every presidential election there are reports where party officials often accuse certain networks of favoritism towards one party
The dilemma that could be identified with the BP Oil spill is no one wanted to take the blame when it first
Applying the theory of Utilitarianism to the Deep Water Horizon Oil Spill we see that BP’s decisions in this case don’t appear clearly ethical. The harms to human and environmental stability caused by the spill seem to weigh heavily against the benefits to the local and U.S. economy of deepwater drilling itself.
Decision making biases played a devastating role in the Deepwater Disaster. The biases that were present are; representativeness heuristic, overconfidence bias, confirmation bias and escalation of commitment bias. Based on my findings, to some extent, each of the following biases contributed to the Deepwater Disaster.
Has Hollywood been fair to Cleopatra? No one can really know a hundred percent how Cleopatra was really like as a person or how she really looked like. However, the only thing we can do is use all the clues we have left from this ancient history and gather them all together for an approximate conclusion . Based on the search I have done, what I realized that just like any other story. Cleopatra’s story have two sides.
BP (British Petroleum) is one of the leading companies that are delivering energy products and services to the people around the world. In this report, we studied BP’s risk management plan for preventing oil spill. The main reason for choosing BP and its oil spill preparedness plan is that the oil companies have become increasingly vulnerable to unwillingly cause disasters and BP is one of them. An event that highlighted this vulnerability and subsequently drew attention to the need to investigate, is the BP oil spill in 2010 was one of the worst oil disasters that affected environment adversely. Issues such as these have been a serious concern for the oil companies around the world.
Throughout history there are periods of time in which different ideologies arise into our world. From the origin of these views it can create either instability, oppression, or great advancements for society—usually these ideologies are in response to germane societal problems; for instance, Communism in Russia or Fascism in Germany and Italy. What both of these ideologies have and allowed for them to succeed is the support from various groups and institutions. However, there is a difference between support and loyalty; this is where Argentina’s Peronism and Peronist movement differs from other ideologies, such as Communism and Fascism. This time period in which Peronism and the Peronist movement were a dominant factor in Argentinas society can be characterized as a period of an “unbreakable bond” between the views Perón had and primarily the working class—yes, there were other institutions such as the Catholic Church that played an important role in the success of Perón, however, the working class during this time can be seen as an oppressive group. Therefore, we must analyze and understand the role of the working class in order to fully comprehend both Perón and Peronism, which essentially leads to his presidency.
traced to a series of identifiable mistakes made by BP, Halliburton, and Transocean” and “The decisions
The series of ethical issues that took place leading to the disaster are complex, and other factors such as economic and political issues arose after the catastrophe happened. The purpose of this paper is to discuss the ethical issues that took place before the disaster happened, and investigate the moral obligations, social responsibility and justice at an individual and organizational level. The ethical dilemma is broken down into three categories, which include the company’s management priority to reduce costs and time, neglecting safety issues addressed by staff, human misjudgment and errors in neglecting pressure reading; and finally, overlooking the technical design flaws that were not tested by BP before installing to use. The
Although the accident was caused by a mechanical failure, it spiralled out of control because of an insufficient safety system. BP acted inefficiently and their carelessness cost the lives of people and damaged the environment, nevertheless this does not mean they acted in an unethical way as
Yes, there were cognitive biases at Level 3 and other companies as well as the investors during 1997-2001. The biases were…