Business Ethic Analysis on Bp

Table of content
  1.0 Introduction………………………………………………………………...2
      2.1 Background of British Petroleum…………………………………..2
      2.2 BP ethical practice………………………………………………… 3

  2.0 Deep water horizon drilling rig explosion leading to ethical dilemma…… 4
      3.3 Environmental scanning to BP’s ethical dilemma………………… 4
        3.4.1 Economical dilemma……………………………………… 5
        3.4.2 Social dilemma……………………………………………. 5
        3.4.3 Environmental dilemma……………………………………6

  3.0 Methods of BP handling ethical dilemma…………………………………7
      4.4 Handle economical dilemma………………………………………7
      4.5 Handle social dilemma…………………………………………….8
      4.6 Handle environmental dilemma……………………………………9
      4.7 Application of ethical theory………………………………………9

  4.0 Best ethical practice of Body Shop………………………………………..11
      5.8 The ethical theory BP should has applied…………………………12.

  5.0 Conclusion…………………………………………………………………13

  1.0 Introduction
Today world is a globalization world. It is more transparent and connected; people can easily see and monitor one company’s business conduct, which is why to operate business ethically has become highly important. There are many live examples out there show previous successful business was eventually downfall, one of the main reason behind these was lack of business ethic, leading to ethical dilemma and social outcasts. A business that is based on ethical can run successfully for long years, it is so called sustainability.  

      1.1   Background of British Petroleum

BP was founded and initially name as” Anglo-Persian Oil Company” (APOC) in 1908. It was the first company to extract petroleum from the South Asia country of Iran. In 1935, APOC was renamed the Anglo-Iranian Oil Company (AIOC) and in 1954 it became the British Petroleum Company (BP). BP headquartered in London, United Kingdom. It is vertically integrated and operated in all areas of the oil and gas industries, including exploration and production,...