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

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.

  Frequently Asked Questions

  What is the main objective of this dissertation?

  The study investigates the impacts of a crisis on a company's risk management and economic performance, specifically using BP and the Deepwater Horizon accident as a case study.

  What time period was observed for the BP case study?

  The analysis covers the period from 2005 to 2015, allowing for a comparison of five years before and five years after the 2010 disaster.

  How is risk management distinguished from crisis management in the text?

  The dissertation explores the definitions and distinctions between the two, focusing on how risk management aims to prevent issues while crisis management deals with the aftermath of an event.

  What is the "Triple Bottom Line" mentioned in the study?

  The Triple Bottom Line (TBL) refers to an accounting framework with three parts: social, environmental (or ecological), and financial, which was used to evaluate BP's performance.

  What were the consequences of the Deepwater Horizon accident for BP?

  The study analyzes consequences including changes in stock quotations, shifts in risk management execution, and long-term impacts on the company's reputation and financial stability.