British Petroleum

British Petroleum
Introduction
British Petroleum ranks one of the top most three industries of gas globally with their operations in Asia, America, Europe, Africa and Australia. The gas company has generated profits of more than 70% in United States and Europe still the organization needs to have some of the explorations and operations regarding production in some of the countries like South America, Caspian Sea and Africa. In United States the company British Petroleum in retailing industry is one of the largest companies. In more than 50 companies the organization supplies the branded Castrol lubricants as BP is the largest retailer (BP, 2010). In this study the main discussion point is the internal problems of company, environmental disaster, ethical mismanagement and there solutions.
History
In the year 1999 the organization British Petroleum name was changed to BP Amoco. The organization was founded by William Knox D’Arcy who ventured to Iran for searching of oil. The government of British initially sold their shares of the company and by that time BP was one of the largest companies in investing overseas. In the year 1992 the organization generated loss and the company had to go on board for a drastic change. The organization in the recent years has made some of the operations with Burmah Castrol and this is also known for branded lubricants and ARCO (BP, 2010).
Challenges Facing
The challenges that are faced by the organization are the fierce competition for talent and markets, the market pressures and investors for the competitive performance. These challenges are through pressures that are strengthening by the globalization. The key initial challenge is the absence of the global rules, there is no framework globally to match the business and the institutions that are international are built and rudimentary for different age. The next challenge is the way through which the company has to manage and organize. The control and command that was used by...