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Need help with my writing homework on Social Performance of Organizations. Write a 1250 word paper answering;
Need help with my writing homework on Social Performance of Organizations. Write a 1250 word paper answering; The focus of the company has been restricted in the production and supply of oil related products and services. However, the company has been faced with several environmental challenges including the famous oil spills in the sea (Okbor, 2001, p. 23). The spillage caused the death over fifteen workers in the process. In spite of the challenges posed, the company does not have challenge with the volume of oil and gas produced but has been facing competition from other market related factors and companies.
The major issue affecting BP is the failure to address major spillage catastrophe such as the 2010 Deepwater Horizon spill. The spillage is a major environmental safety incident that affected the performance of the company. It led to negative publicity, which in turn affected the organization through suits such as the case of the company against the employees. During the hearing, the company pleaded guilty to 11 counts of felony and manslaughter. In addition, they pleaded guilty of two misdemeanors and one felony count for providing wrong information to the congress. Environmental safety is an issue that has affected the company negatively owing to the 2010 incident which created a negative perception. The pleading guilty of the company affected its public image and led to serious challenges in conducting business. In fact, the company spent a lot of money on fines and penalties which totaled to $4.5 billion in fines and penalty (Crane & Matten, 2007, p. 14). The amount is the largest in the company history. Despite the conclusion of certain cases, there is still challenge on the pending cases which are scheduled to end this year. In overall, the organization faces damages of close to 17.6 billion in the trial. The Deepwater incident of 2010 is a major catastrophe for the company in terms of business and the public image.