On May 20, 2010 the Macondo Prospect exploded in the Gulf of Mexico, taking 11 lives as well as opening a sea floor oil gusher that would spew toxic oil into the ocean for the next 87 days. In total, it is estimated that 4.9 million barrels of oil flowed into the Gulf of Mexico, causing devastating consequences for the ecosystem. Who was responsible for this disaster?
After various investigations it was found that faulty operations within British Petroleum were the primary cause of the explosion and the subsequent oil spill. This unprecedented disaster did not slip by the public-eye unnoticed, and the spill made headlines throughout its 87 day lifespan.
As a result, BPs public image was destroyed and there share price dropped from 528.80 to 298 from May 20 to June 29. Although there was this extreme drop in company share price, today the company remains as one of the largest, strongest and powerful in the world. So how did BP recover from this catastrophe?
In my 4 subsequent posts I hope to answer this question.
BID professionals video-recording at Times Square.
Sunday, May 26th: a sunny day and a warm welcome in the heart of New York in Times Square.
Today the International Department of Business Initiative Directions (B.I.D.) is particularly busy greeting the earliest-rising companies throughout the morning as they arrive at the New York Marriot Marquis Hotel to participate in the International Quality Summit Convention.
Of course, the latecomers will also be attended to in the evening.
“Miracles”, “the boom of this generation”, “new opportunities”: Spring is set to bring a lot of good news from the African Continent. The region that many have given up on is finally realising well deserved growth rates after a century of economic difficulties.
But nations can’t flourish on interior products alone. The Economist points out in its article Growth and other good things that Africa’s development can also be measured in indices that aren’t exclusively based on the production of goods. Dutch company Janus Services, awarded this year in Geneva by Business Initiative Directions, has much to say on the matter. Continue reading …
CNNMoney has just released it’s top 10 most valuable global brands list, and while a few of them aren’t surprising at all, some of them aren’t as expected. Well, for me, anyway.
Apple, Google and IBM take out the first three spots, which is to be expected, but Samsung doesn’t make the list. This surprises me because the last six months or so just about every business magazine I read talks about how Samsung is overtaking Apple in this market or that.