Business Environment Essay Example | Topics and Well Written Essays - 5000 words

Business Environment - Essay Example Although the organization is well capitalized and enjoys a global presence, its reputation has constantly been at stake following several fines related to environmental pollution and inadequate maintenance of equipment and facilities. The company has also been accused of ranking poorly in terms of upholding human rights according to some quarters. In view of the company’s business environment, it may well be concluded that the company has a bright future although it needs to make certain adjustments to continue achieving astronomical growth. The research and findings of this report are based on information drawn from a range of reputable secondary sources including the company’s website. BP Oil Limited, formerly known as British Petroleum Incorporates, is a private limited company whose country of origin is the United Kingdom (British Petroleum, n.d). Incorporation on 20th December, 1947, the company has been in existence for close to 63 years and has achieved significant growth economically and in terms of global presence. With its headquarters located in St James’s, London, BP Oil Ltd ranks among the largest privately owned energy corporations globally. In fact, the company is among the six â€Å"supermajors† as it deals in natural gas, oil exploration, and marketing of petroleum products. The multinational organization is currently listed on the London Stock Exchange and features among the 100 most highly capitalized companies in the United Kingdom (FTSE 100) (British Petroleum, n.d). Its capitalization was approximated at 119,039 million Euros as of October, 2009. As a result of the merger between BP Plc and Amaco in 1998, the company has continued to sell Amoco brands in the United States to-date. This is primarily due to the fact that Amoco gasoline brands have been rated by consumers as among the best in the market for close to 16

Environmental economic--sustainable development Essay

Environmental economic--sustainable development - Essay Example It is in this context that this research is aimed at critically examining ANS within the empirical context of human survival that is anchored only on genuine sustainable development. Experts of development worldwide made a framework that seriously consider environment, as source of needed resources. WB focused on the relation of environment and sustainability as amongst the indicators of macro-economy (WB, 1997). Authorities perceived that ANS is a ‘green national account’ founded on the precept that generations of people are reliant on countrys asset base. This indicator covers natural resources, its utilization and the human resources. All these factors relate to a nation’s capacity to sustain growth over time (WB, 1997). Economist viewed ANS as a percentage of Gross National Income (GNI) (WB, 1997). The standard ANS is derivative of the standard national accounting measure of gross saving using four factors as adjustments (WB, 1997 & Bartelmus and Seifert, 2003). These are (a) consumption of fixed capital deducted to obtain net national saving; (b) current public expenditure on education as investment for human capital; (c) an accounting of the depleted natural resources deducted to reflect the utilization and maximization of asset in value due to extraction and depletion; (d) deductions due to pollutions and damages caused by carbon dioxide and emissions. This formula is showed, thus (WB, 1997 & Bartelmus and Seifert, 2003), Education cost means operating expenses in education, which include wages of teachers, expenses for enhancement of capacity but this does not include expenditures for infrastructures, facilities and materials necessary to education (WB, 1997& 2011). GS refer to are the differentiation between gross national income and public and private consumption with added net current transfers. Consumption of fixed capital symbolizes the alternate value of capital used up in the progression of production. Net savings means gross