MGT ASSIGNMENT PART ONE Essay Example | Topics and Well Written Essays - 500 words

MGT ASSIGNMENT PART ONE - Essay Example one example, there exists many such examples around the globe whereby strategic planning can seek to anticipate and ameliorate many of the challenges to profitability and change that exist within the current business environment. Furthermore, an evidence of tactical planning can be seen in the way in which BP has sought to further improve upon its safety performance in the wake of the Deepwater Horizon Oil spill within the Gulf of Mexico. Although BP was only partly responsible for the Macando Blow Out, the fact of the matter was that the incident was able to focus a high degree of oversight and introspection into the means whereby wells were drilled, caps were placed, and safety procedures were followed within the industry. More than being the greatest oil spill in history, the Macando Blow Out has provided BP with an exceptional opportunity to implement tactical planning on all of its oil drilling operations as a means of ensuring such an eventuality does not again occur. Finally, for the aspect of contingency planning that BP engages in, one can understand such a determinant also through the lens of the Macando Blow Out. What was evidenced at the time that the explosions and subsequent leak was first evidenced was the fact that BP was wholly and completely unprepared for dealing with a situation such as this; both on the tactical front as well as upon the contingency planning front. Rather than integrating a belief or understanding with the shareholders within the arena of public opinion that the firm was in control and was capable of dealing with the situation, what unfolded for the world to see was a firm that seemed to be muddling its way through the greatest oil spill in recorded human history. This destroyed consumer confidence and has left a very biased taste within the minds of shareholders that has yet to be erased. Although the majority of the damage from Deepwater horizon has since dissipated, the pervasive memory of how the firm dealt wit h