CO10: Define the ethical environment that is applicable to the business world.

• Review the articles on the BP Gulf Oil spill and corporate social responsibility in Required Readings.
• Explain how the philosophy of Milton Friedman could have played a role in BP management's decision.
• Explain how use of the triple bottom line framework theory with CSR could have led BP to make a different decision and avoid the disaster. What would have been the corporate considerations and decision making process?

CSR= consumer social responsibility

BP= an oil company

Kaye, L.(2015, February 19). Five years after Deepwater Horizon, can BP repair its reputation?Marketing and Comms.Sustainable Brands.https://www.sustainablebrands.com/news_and_views/marketing_comms/leon_kaye/five_years_after_deepwater_horizon_can_bp_repair_its_reputa

What is corporate social responsibility? (2019). University of Edinburgh, webpage.https://www.ed.ac.uk/careers/your-future/options/occupations/csr

Spence, D. (2011). Corporate social responsibility in the oil and gas industry: The importance of reputational risk.Chicago-Kent Law Review, 86,59-85.https://repositories.lib.utexas.edu/bitstream/handle/2152/40348/2011_01_01_Corporate%20_Social_Responsibility.pdf?sequence=2

MacMillan, C. (2016, July 12). The cost of ignoring social responsibility.http://caramacmillan.com/bp-cost-ignoring-corporate-social-responsibility-2/

Verschoor, C. C. (2010). BP still hasn't learned ethical lessons.Strategic Finance,92(2), 13-15.