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.

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

• 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