Introduction A successful leader constantly adjusts his or her leadership style to suit the prevailing circumstances. Hence the leadership style adopted at any given time should ideally be dependent on the situation. This is the gist of situational leadership. In this report, I highlight the dominant leadership style in BP, one of the world's largest oil and gas companies. The Selected Leader and his Leadership Style According to Yahoo Finance (2012, n.p.), "BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines and petrochemicals products." The company's current Chief Executive Officer is Robert W. Dudley. Mr. Dudley took over from Tony Howard whose tenure at BP came to an end two years ago amidst one of the worst disasters the company has had to deal with in recent times. According to scientists, "the BP spill is by far the world's largest accidental release of oil into marine waters"¦" (Robertson and Krauss 2010, n.p.). Prior to taking over from Howard, Dudley was the head of a body established by the oil and gas company to manage the oil spill. The body was christened the "Gulf Coast Restoration Organization" (BBC 2010, n.p.). At this time, one of his main responsibilities included overseeing "efforts to contain the Gulf of Mexico oil gusher" (Koenig 2010, n.p.). Given the circumstances surrounding his appointment as the head of the body established by BP to manage the oil spill and later on as the company's C.E.O, Dudley's
Leadership goes beyond management, for some, leadership is instinctual and pours over into your personal life. This paper will discuss a leader I admire in my personal life, and analyze their leadership style. I will discuss how that leader has influenced my leadership style, as well as how things like environment and the economy affect my leadership approach.
This event resulted in the de-listing from the Dow Jones Sustainability Index and the FTSE4Good Index as well as cost millions for breaking these laws. As a result of being de-listed BP is focused on socially responsible investors. Shareholders and analyst are engaged through an annual meeting as well as webcast and one-to-one meetings. Carl Sandlin was appointed in 2012 to oversee and report the company’s progress in implementing the Bly report recommendations. The Bly report consists of 26 recommendations resulting from the Gulf of Mexico spill. In order for BP to be relisted, they must closely monitor not only how they operate but with whom they operate (BP, 2014).
Simply put, BP pretended like there wasn’t a problem in the way they were handling things, and when they came under fire they would lie about it or put the blame on someone else. What they did was they tried to control the message the public was giving them via a method known as ‘corporate greenwashing’, which is a way of giving off the perception that a company’s business model is environmentally friendly, so it can be thought of as putting more money towards advertising how green a company is instead of using it to pursue such practices that would make it so. BP gambled on this and ultimately lost when the Oil Spill occurred; rather than actively doing something about it, they blamed subordinates and contractors to try and take pressure off of themselves while simultaneously showing minimal regard to the impact that their mistake had on the environment. They only made the problem of them getting a bad reputation even worse when they weren’t listening to the public and ultimately paid the price, losing $80 billion and an additional $1.3 billion on criminal
They were the ones who dropped the oil into the ocean when they were out on the ocean. Even though other companies were working on the rig, BP was in charge of the boat that caused the spill.
This article discusses the present oil spill in the Gulf of Mexico. The president’s has not changed the Minerals Management Service. In reality, the federal government has no agency tasked with capping undersea oil leaks. All the necessary equipment, along with the expertise for operating it, resides with the private sector. BP will likely bear the full cost of the spill; it has every incentive to deploy its equipment as aggressively as possible. I have seen nobody even attempt to argue, in either practical or theoretical terms, that the government could do a better job of plugging the leak.
British Petroleum (BP) is a multinational oil and gas company. Based on market cap, it was the fifth largest energy company in 2013. ("IHS Energy 50"). Like many petroleum based companies, BP is often under fire from environmental activists for not being environmentally cautious, but during the year of 2010, BP experienced a disaster that would cripple it’s reputation far past that of the average petroleum energy company.
BP tends to make bets that others don’t which is most likely why the disastrous deep water horizon oil spill occurred in the Gulf of Mexico five years ago. The fire burned for 36 hours while hydrocarbons leaked into the gulf before the well was sealed, unfortunately eleven individuals died. It has been difficult for BP to be the best company right now since this falling and they have been in reparation mode since this catastrophe. However, BP is now incorporating high safety and showed everyone that they are very reliable on the recovery of this hardship of BP trying to mix oil with water. BP came together to control the situation, cleanup, and diminish as much contamination as possible into the gulf. In addition, they are devoted long term to improve the Gulf of Mexico’s bionetwork and promise to be more careful so this will not happen again.
Prior to the Deepwater Horizon oil spill of 2010, BP had a positive reputation for promoting corporate sustainability and creating sustainable energy. In the wake of the oil spill, however, BP proved that it was not on the right track despite the proclamation to its constituents of the exact opposite. There is a popular adage “almost doesn’t count.” BP’s investment in research directed toward minimizing negative environmental impact while conducting business and accomplishing major undertakings such as the Forties Field and Trans-Alaska pipelines was a move in the right direction. BP’s follow-through with the declarations the company made to its stakeholders was severely lacking, however, and proved to be detrimental. The company admitted to failures and oversight in its Risk Management sector such as failing to have a remote shut-off switch, cutting corners to save time and money, faulty wiring, a dead battery, a bent pipe, and its failure to closely monitor a company that had a history of being responsible for other oil spills and disasters among other faults. A 166-page report issued in 2014, four years after the spill, determined that both BP and Transocean failed to adequately inspect safety systems despite suggestions made to do so. Both companies opted to follow an industry standard which was not adequate. This decision was not in the best interest of affected parties and further proved to be injurious to BP. Numerous equipment issues were found in the
There are very few aspects of how a company behaves as a corporate citizen that do not apply to a company of the size and nature of BP. The most significant of these are the sheer environmental impact - not simply of the extraction of oil and the energy use of BP's own operation, but more significantly of the impact on climate change of the actual use of all the oil by BP's customers. The state of current scientific evidence raises serious question marks over whether or not human society can actually afford to burn all the hydrocarbons whose existence we have already identified - never mind potential future discoveries. Twenty years ago, people worried that one day the oil would run out. Now, it is the case that the real issue has been identified as one of emissions.
Leadership is a concept most people feel informed enough to discuss, but that few are truly educated sufficiently to comment on. Therefore, it is instructive to consider the leadership styles of people with very different approaches both to better understand the diversity underlying leadership, as well as to appreciate the effective and less effective strategies that underlie different leadership outcomes. For that reason, this essay will consider the styles of two leaders who are less visible in this highly contentious presidential election season: Jill Stein (the Green Party nominee) and Gary Johnson, the Libertarian candidate. The leadership styles of both are very different, yet they are aligned in the sense that both are outsider candidates struggling to gain momentum from a disaffected electorate. This essay begins with a theoretical discussion of leadership more generally and then turns to the two leaders as case studies, comparing and contrasting them and drawing conclusions about how they both work within the same public sphere and for putatively similar ends (i.e., gaining votes).
Part 1 - Ethical Dilemmas- The accident elicited many feelings anger, disillusionment, disgust, and even employees feeling like they were let down because BP had not backed up its values promised to
BP, formerly known as British Petroleum, is the third largest oil and gas producer in the world, producing almost 3.8 million barrels per day. BP was founded in 1908 by William Knox D’Arcy in London, United Kingdom. The company operates worldwide in several sectors of the oil and gas industry such as generating low carbon energy, moving oil and gas, and off and onshore oil and gas extraction (BP, 2014). However, the offshore Deepwater Horizon oil spill that happened on April 20th, 2010 in the Gulf of Mexico was one of the greatest oil spills that took place in history. The disaster caused the loss of the lives of 11 workers, severely injuring 17 workers, and the aftermath had a great impact on the environment in the Gulf of Mexico.
An effective leader influences their employees in a desired manner to achieve goals and objectives. Different leadership styles can affect an organization’s effectiveness and performance. The objective of this paper is to analyze the review of literature on various leadership styles over the past years and how effective and ineffective different leadership styles are in the workplace.
On April 20, the explosion on the Deepwater Horizon drilling rig in the Gulf of Mexico led to the largest accidental release of oil into marine waters in history. As a result, a huge loss of money and life was caused and affected serious environmental damage to wild animals and water pollution. BP was accused of their irresponsibility that it took 87 days before the well was closed and sealed. BP’s shares
It is significant to note that BP made a total loss of $3,324 million after deducting the cost incurred in that year from the total sales and operating revenues. The loss is largely attributed to the infamous Gulf of Mexico Oil Spill on the 20 April 2010. The incident was triggered by a well blowout in the Gulf of Mexico, which ultimately led to an extensive oil spill. BP, however, responded quickly by funding the oil spill cleanup and setting up the Gulf Coast Restoration Organization (GCRO) that specializes in carrying oil spill cleanup operations, investigations and public reporting (BP p.l.c. 2012c). In the aftermath, BP has suffered considerably in financial performance. Figure 2.1 shows BP’s share price performance through the period of