IMD-3-2182 © 2011
Strebel, Paul; Rogers, Brian
The C-case is established with BP revealing that Hayward is stepping down as CEO of BP to be prospered by Bob Dudley. Quickly afterwards, Dudley revealed that he would assess each company's development in lowering functional threats and accomplishing exceptional security and compliance requirements. The case likewise explains a few of the legal effects BP dealt with along with the monetary effect of the oil spill. The case ends with Dudley mentioning that BP will emerge from this event as a business that is more secure, more potent, more sustainable, more relied on and better. Knowing goals: Getting back on a sustainable course, developing trust and restoring the business's credibility after a crisis; functions of leading management and the board of directors throughout a crisis.
Subjects: Leadership; Crisis management
Settings: United Kingdom; United States ; Oil and gas ; Revenue: $240 billion; 80,000 employees ; 2010-2011
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