Examination the present strategic position of the multibillion British Essay

Examination the present strategic position of the multibillion British Petroleum (BP) plc Oil Company - confront ExampleIntroduction Business morals refers to the moral guidelines that govern business practices at the workplace, and these are the univers altogethery accepted principles that are expected of each business. In the contemporary business world, the concept of business ethics has gradually been popularised and it is now a buzzword all over the world. Many firms around the world now are not only concerned with making profits and meeting fiduciary responsibilities to shareholders and consumers, but likewise showing corporate responsibility (Dirks 2001). There is a proven parallelism between profits and brotherly Corporate right, with studies showing that CSR improves profits (Robins 2011). In todays highly competitive global capital, poke and financial markets, companies in the system cannot afford to be totally unresponsive to ethical issues and concerns. In such a system, that is highly conscious corporate responsiveness, businesses have no choice but to advertently demonstrate their commitment to ethical issues in society. This paper aims at examining the business ethics and Corporate affectionate Responsibility (CSR) of the multibillion British Petroleum (B.P) Company that is involved in oil and alternative energy. This analysis will elbow grease to coif among other things, the ethical practices of the company, and its corporate responsiveness in other words, is B.P an ethical firm? A vast company of global influence such as BP is obliged to cautiously apply strategic managerial approaches in promotion of global business ethics in industrial sectors. This analysis is outstanding because it will it will raise an awareness about BPs business ethics and Corporate Social Responsibility, and more importantly, it will establish a relevant knowledge base for future direction to all the stakeholders involved in the oil business around the wor ld. The paper will first outline BPs business ethics and Corporate Social Responsibility strategies, and thereafter, a detailed analysis of these approaches will be carried out in the next section using PESTLE and Carrolls (1991) CSR pyramid models. This analysis will determine how sustainable the company with respect to the 3Ps (People, Planet, Profit) or Elkingtons (1998) Triple Bottom Line (socio- and environmental goals as well as the profit bottom line). Ultimately, after the report has been concluded, what shall follow will be a set of recommendations for the company with regards to its future business ethics and Corporate Social Responsibility strategies. BPs strategical Management BP is one of the worlds leading oil companies that majors in exploration, production, refining and selling of petroleum oil products, including natural gas (Warren 2012). This makes BP Oil company one of the worlds companies that are hugely involved with the use of fossil fuels responsible for ma jor global environmental challenges in the twenty-first century (Mallenbaker 2012). This has forced the company to restructure its operations while stating its obligations and commitment to the creation of a inactive and sustainable society. In this