Question
refer to the case study : BP and the Deepwater Horizon Disaster of 2010 ( Christina Ingersoll, Richard M. Locke, Cate Reavis) link: https://mitsloan.mit.edu/sites/default/files/2020-03/BP%20and%20the%20Deepwater%20Horizon%20Disaster%20of%202010.IC_.pdf answer
refer to the case study : BP and the Deepwater Horizon Disaster of 2010 (Christina Ingersoll, Richard M. Locke, Cate Reavis)
link: https://mitsloan.mit.edu/sites/default/files/2020-03/BP%20and%20the%20Deepwater%20Horizon%20Disaster%20of%202010.IC_.pdf
answer the 3 questions and provide detail solutions
Question 1: "BP in the late 1980s comprised several layers of management in a matrix structure that made it difficult for anyone to make decisions quickly" (p. 4). Evaluate this statement in light of good corporate governance principles and the need for having well-structured corporate governance mechanisms for effective decision making. Also, does "tone at the top" impact such mechanisms? (15 marks)
Question 3: Evaluate on the investments that BP undertook over the years in light of best business practices by BP as their growth strategy. For each investment strategies highlight its impacts. (10 marks)
Question 3: Critically evaluate the safety issues at BP and BP's response to The Baker Report. Are these actions ethically justifiable? If yes, why? If not, why not? (15 marks
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