Group Four Midterm Project

Group Four Midterm Project - Running head GROUP FOUR...

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Running head: GROUP FOUR PROJECT - BP LEADERSHIP 1 BP Leadership Group Four MGMT 620 – High Performance Leadership 2/5/2012 Chadron State College
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GROUP FOUR PROJECT - BP LEADERSHIP 2 Abstract The purpose of this analysis is to focus on British Petroleum (BP) leadership as it relates to the 2010 Gulf oil spill and cleanup. One would think that a large corporation like BP would be penalized greatly from an oil spill of the magnitude. Once the announcement was made of the spill, BP leadership was quick to shirk responsibility and circumvent its safety policies and practices which led to one of the greatest man-made ecological disasters the world has ever known. Prior to the spill, the leadership values and culture at BP are obvious. Their focus was on reducing costs and meeting tight time-lines at the expense of safety. The former BP CEO resigned voluntarily. What leadership values or traits changed as a result of the disaster at BP? Did the new CEO set forth a path of leadership change or rather simply pacify the media? The Gulf oil spill forced a rapid increase in fuel prices in the country. In one quarter during 2010, BP earned enough profit to cover the expenses associated with the spill, including the associated litigation. One astonishing fact is that, upon exiting, the (supposedly) punished CEO was given a settlement of over 100 million dollars from BP. What leadership changes have occurred as a result of this tragedy? Not much, why? Limited financial consequences for BP have brought about very little change in leadership traits, leadership values, and ultimately leadership behavior. This has continued at a time when the oil industry’s lobbying has resulted in continued U.S. government subsidies for large and powerful companies while they sustain record profits (over 150 million annually). Given the lack of accountability and financial strain on the BP corporation as a whole, my hypothesis is that true leadership change in terms of value, traits, and behavior has not occurred , but rather a more sophisticated public image campaign with billions of dollars going to political candidates at all levels of national government.
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GROUP FOUR PROJECT - BP LEADERSHIP 3 Group Project Four - BP Leadership Introduction What is a leader? Is it a title? Is it a state of mind? Who or what is involved in the process of leadership? These are just a few of the many questions that most people have about the role of leadership within an organization. In this paper, Group Four will answer each of those questions, using the 2010 BP oil spill to provide examples. We will discuss topics like: leadership is a process, not a position, the role of power and influence within leadership, and the complex interactions between leaders, followers, and situations that ultimately make up each leadership scenario. A Process, Not a Position
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This note was uploaded on 02/22/2012 for the course MGMT 620 taught by Professor Pogue during the Spring '12 term at Chadron State College.

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Group Four Midterm Project - Running head GROUP FOUR...

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