Sustainable Enterprises: Crisis Management and Culture Transformation for BP
Diane Huberman Arnold and
Ruth McKay
Business and Management Research, 2013, vol. 2, issue 3, 16-24
Abstract:
Corporate sustainability includes many normal business practices. The oil spill in the Gulf of Mexico provides a classic example of how failure to be sustainable can lead to an overall organizational failure of mandate, and a failure to serve stakeholders. BP plc was faced with managing the crisis and examining the causes of its organizational failure. At the core of the issue is a failed organizational culture. This paper examines what events and organizational values have led to the crisis and what changes to organizational culture would be required, to avoid a repeat event and begin to create a sustainable organization.
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:bmr111:v:2:y:2013:i:3:p:16-24
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