The possible impacts of a crisis on a company's risk management and performance

A case study of BP plc and its Deepwater Horizon disaster

Bachelor Thesis , 2016 , 58 Pages , Grade: 1,0

Business economics - Business Management, Corporate Governance

This dissertation investigates the possible impacts of a crisis on a company´s risk management and economic performance through a case study of the company BP and its Deepwater Horizon accident. The hence arisen findings can be divided into two categories. The first covers BP´s risk management and performance before the disaster and the second category deals with the development of these factors after the disaster. The observed period was from 2005 to 2015 in order to see BP´s developments five years before and after the crisis.

Inhaltsverzeichnis (Table of Contents)

• Abstract
• Table of Figures
• I. Introduction
  • 1.1. Background
  • 1.2. Research Objective
  • 1.3. Research Questions
  • 1.4. Structure of the Paper
• II. Literature Review
  • 2.1. History of Risk and Crisis Management
  • 2.2. Definitions
    • 2.2.1. Definition of Risk, Crisis and Management
    • 2.2.2. Definition of Risk and Crisis Management
    • 2.2.3. Distinction between Risk and Crisis Management
    • 2.2.4. The possible Impacts of Risk and Crisis Management
  • 2.3. Literature about sensible Risk and Crisis Management
    • 2.3.1. Risk Management
    • 2.3.2. Crisis Management
  • 2.4. BP and its Risk and Crisis Management Execution and Development
    • 2.4.1. Short Introduction to BP plc (former name: British Petroleum)
    • 2.4.2. BP's official understanding of Risk and Crisis Management
    • 2.4.3. The Development of BP's Risk and Crisis Management (2005 - 2010)
  • 2.5. The Deepwater Horizon Disaster
    • 2.5.1. The Accident
    • 2.5.2. BP's Execution of Crisis Management
    • 2.5.3. The Consequences
  • III. Methodology
    • 3.1. Research Philosophy
    • 3.2. Research Approach
    • 3.3. Research Strategy
    • 3.4. Research Choices/Research Design
    • 3.5. Time Horizons
    • 3.6. Data Collection Techniques and Analysis Procedures
  • IV. Discussion
    • 4.1. The Correlation between the Deepwater Horizon Disaster and BP's Risk Management
    • 4.2. The Impact of the Deepwater Horizon Catastrophe on BP's Performance
      • 4.2.1. The Development of BP's Stock Quotation: A Comparison between BP and its Competitors
      • 4.2.2. BP's Triple Bottom Line (TBL) from 2005 to 2015
  • V. Conclusion
  • Bibliography

  Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

  This dissertation examines the impact of a crisis on a company's risk management and economic performance. The study uses the Deepwater Horizon accident as a case study to analyze BP's risk management and performance before and after the disaster. The analysis aims to understand the effects of the crisis on BP's risk management practices, economic performance, and triple bottom line.
  • The impact of a crisis on a company's risk management
  • The relationship between risk management and company performance
  • The effectiveness of crisis management strategies
  • The influence of a crisis on a company's triple bottom line
  • The role of corporate social responsibility in crisis management

  Zusammenfassung der Kapitel (Chapter Summaries)

  • Introduction: This chapter provides an overview of the research topic, stating the research objective and questions. It also discusses the importance of learning from past mistakes and how companies manage risks and crises.
  • Literature Review: This chapter examines the existing literature on risk and crisis management. It explores definitions, theories, and best practices, including BP's official understanding of risk and crisis management.
  • Methodology: This chapter outlines the research approach, strategy, and design used in the dissertation. It explains the data collection techniques and analysis procedures.
  • Discussion: This chapter analyzes the correlation between the Deepwater Horizon disaster and BP's risk management, focusing on the development of BP's stock quotation and its triple bottom line.

  Schlüsselwörter (Keywords)

  This dissertation explores the intersection of risk management, crisis management, and corporate performance. The study focuses on BP's Deepwater Horizon disaster, examining the company's risk management practices, economic performance, and triple bottom line before and after the event. Key terms include risk, crisis, management, company performance, triple bottom line, Deepwater Horizon disaster, BP, and corporate social responsibility.

• College: Anglia Ruskin University
• Grade: 1,0
• Author: Peter Bernklau (Author)
• Publication Year: 2016
• Pages: 58
• Catalog Number: V338578
• ISBN (eBook): 9783668282841
• ISBN (Book): 9783668282858
• Language: English
• Tags: British Petroleum, BP, Risk Management, Risiko Management, Crisis Management, Krisen Management, BWL, Performance Development, Entwicklung, Deepwater Horizon, Golf of Mexico