Managing change Essay Example | Topics and Well Written Essays - 2500 words - 1

Managing change - Essay Example Among these businesses, there are oil fields in different countries globally, wind power production plants, and natural gas processing plants. The corporation’s business fell under the threat of diminishing levels of performance following the Gulf of Mexico oil spill three years ago (Freudenburg & Gramling, 2011). The following discussion establishes the prevailing changes in concern to the factors of production, and the relationship with the company and the global society. Analytical discussion to the causes of oil spill change Following the 2010 oil spill, British Petroleum Company established that the situation affected the broad global society from the locals that depended on the seafood as a source of livelihood to the end consumer of BP’s petroleum products. The company lacked credibility from the society as the spill caused havoc to the environment and led to destruction of natural resources (Druskat and Wolff, 2001:45). For example, the spill led to deaths of ov er ten employees, and harbored fishing as it considerably led to the death of fish and other sea organisms that remained integral to the society’s benefits. The spill affected the ecosystem and postulated remorse from the diverse human society. Therefore, BP’s management established that the ideal resolution to the increased aggression of the society because of the company’s accident would be the implementation of policies that would reshape the organization’s image towards the general environment. Precisely, the corporation established the changes as achievable through rendering and delivering support from people within the system (Gido & Clements, 2012). British Petroleum Company established that the business programs were undergoing diminishing levels of performance thus denoting the need for strategic resolution to ensure growth to the desired extend. The valuable approaches that the management resolves to use and establish the corporation’s pe rceived current state of business (Fisher, Hunter and Macrosson, 1998:35). With the increased remorse and decreased customer loyalty, the corporation analytically established change as a precise role of targeting ascertainment of the objectives. Initially, the corporation had competitively preserved a profitable market share ahead of other competitors including Royal Dutch Company, Shell, and Exxon Company. However, through enlightening of the global society into adapting environmentally friendly matters, the company fell under a situation of diminishing performances as the loyalty for its business undertakings dwindled accordingly following the oil spill. Arguably, the company resolved to develop a precise plan that would steer acquisition of the set recovery measures. Further, changes were set to recuperate the damages following the loss of the $560 million oil rig that drained the company’s capital base after environmental concerns raised and the company resulted to inject billions of dollars to the cleaning exercise. The changes deferred the company’s profitability forecasts following the capital deviation to budget for the cleaning exercise of the ocean rather than production of the oil to reach the end consumer profitably. British Petroleum Company became a victim to the environmental measures and the abiding fines after they deceived the authorities that the situation was under control, but failed to accomplish the promise (World Bank, 2012). United States of America