Current Business Themes Dissertation Example | Topics and Well Written Essays - 5250 words

Current Business Themes - Dissertation Example According to the paper the two major natural disasters caused by these firms have been discussed here. Also the report states the corrective measures undertaken by these firms. It can be concluded from the study that the occurrence of oil spillage is fundamentally a subject highly dependent on probability. A probabilistic occurrence like oil spill incident or oil spill spreading and affecting the marine ecology as well as the human lives is a matter that can’t be anticipated; only an estimation of its possibility can be made.   When an organization takes steps for sustainability practices, it becomes essential for it to know the probable causes of risk. Thus considering the environment prior to the business objectives should be the main aim of every firm related to this industry.From this study it is clear that in the present corporate era, all the firms strive to gain the trust of its stakeholders so that a long term business relationship can grow between them. A long term relationship in business depends on product quality, customer service, and good reputation. Reputation is the concept that many successful firms fail to achieve. Business reputation is considered as an asset that is intangible which distinguishes a company from other firms and draws consumers to make them buy things again and again from the same company and at the same at time the consumers readily pay a top price for the goods and services.... Business reputation is considered as an asset that is intangible which distinguishes a company from other firms and draws consumers to make them buy things again and again from the same company and at the same at time the consumers readily pay a top price for the goods and services. However, in spite of the discerning involvement between financial performance and reputation, pragmatic studies account for questionable findings. Reputation is an exclusive element of a business that can be achieved by it through its good work and goodwill (Lee & Roh, 2012). One of the greatest sources of reputation is the sustainability framework practiced by the firm. Sustainability can be attained by the means of numerous activities that comprises of the reputation of the management. These activities comprises of the formation of the environment-friendly goods, motivating and retaining employees, saving energy etc. which aids the business to preserve value via return and growth on capital. The aim of the present study is to focus on the various facets of the oil exploration and production industry and the corporate social responsibility practice followed by the firms of this sector to maintain sustainability. The two main firms that will be covered in our study are BP and Shell. It will be a comparative analysis between the environmental policies of both the firms that will further discuss about the various measures taken by these firms to repair the damages. For the present study the research question happens to be, how do the oil exploration and production plants deal with the issues of environmental pollution and what are their approach to a sustainable environment? The topic in hand will be studied by the conduction