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The BP Oil Spill in the Gulf of Mexico in 2010 - Research Paper Example
Pages 6 (1506 words)
BP Oil Spill Introduction Technology has been affecting our lives and speeding them up for quite a few decades since the industrial revolution. Its influence is apparent in every area of like and it has totally changed the way people live in this world…
In particular, this paper includes discussion and evaluation of different aspects of BP Oil Spill to identify ethical issues related to it and lessons that can come from it. Alongside these factors, there are also the numerous risks that each business faces, whether it is through competition, emerging firms, varying economic factors or the fluctuating exchange rates of currencies that account for a major part of the company’s business. To understand risk, one has to acknowledge what it means in true business. In the world of commerce, it mean that there is an existing probability that a particular step or decision leads to an undesirable impact, such as loss of valuable resources, or failure to accomplish the desired goal (Great Britain, pp.1). It exists in all businesses, and dealing with them is the main part of an entrepreneur’s job, even if the degree of risk involved can vary from business to business. This variation is the main reason why ethics are not receiving the same amount of importance as before in several businesses, who seem accustomed to following unethical procedures in their businesses. ...
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