eddy Case study ———————- Go online and search for information about companies that have been harmed or bankrupted by a disaster. Choose one such company and create a brief case study about it. Successful narratives will focus on the manner in which the organization was impacted, including financial losses, losses of sales, or the need for layoffs. Your assignment should be 3-4 paragraphs in length. eddy discussion —————– Explain in your own words why you believe planning is important. Select one of the following businesses: a large bank, a government agency, or a hospital, and explain which systems you feel are mission critical. Then explain how the loss of these systems would affect the organization. muh wk ————- During week 4 you were asked to find a publicly traded manufacturing company. For our week six discussion board post I would like you to select the same company. Go to their website and read about their products and operations. Then in your post list five costs that the company would incur. Explain what type of cost behavior you believe would be appropriate for each of these cost items. Please be sure to include a link to the company’s website in your post. Submission Details:

Title: Case Study: The Deepwater Horizon Disaster and BP

The Deepwater Horizon oil spill, also known as the BP oil spill, is considered one of the most significant environmental disasters in history. This case study will explore the impact of the disaster on British Petroleum (BP), a global energy company. We will examine the financial losses, decline in sales, and the need for layoffs that resulted from this catastrophic event.

Financial Losses:
The Deepwater Horizon disaster had substantial financial implications for BP. The company faced billions of dollars in penalties, fines, and legal settlements. The initial cleanup and containment costs alone exceeded $4 billion. Additionally, BP has set aside over $50 billion for compensation claims, project delays, and other related costs. These expenses led to a significant decline in the company’s profits and strained its financial resources.

Losses of Sales:
Following the disaster, BP experienced a severe decline in sales. The negative media coverage, coupled with growing public discontent, led to consumer boycotts and a tarnished corporate image. Many individuals and businesses chose to avoid purchasing BP fuel products, leading to a decrease in sales revenues. Moreover, the spill disrupted BP’s operations in the Gulf of Mexico, causing a decline in oil and gas production, which further impacted the company’s sales performance.

Need for Layoffs:
To cope with the financial burdens caused by the Deepwater Horizon disaster, BP was forced to implement cost-cutting measures, including layoffs. The company announced the termination of thousands of employees worldwide. These layoffs affected various departments and levels within the organization. Downsizing not only impacted the affected employees but also disrupted the company’s workforce and resulted in a loss of skilled personnel.

The Deepwater Horizon disaster had a severe impact on BP, including financial losses, a decline in sales, and the need for layoffs. The incident highlighted the importance of effective risk management and contingency planning for organizations operating in high-risk industries such as oil and gas. BP’s reputation and financial standing suffered significantly due to the spill, leading to long-term consequences for the company.

Note: The Deepwater Horizon disaster serves as an example of an environmental disaster and its impact on a company. However, there are many other case studies available online that focus on companies harmed or bankrupted by different types of disasters, such as natural disasters, product recalls, or cybersecurity breaches.

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