Non-Market Analysis of British Petroleum (BP) Research Paper

Non-Market Analysis of British Petroleum (BP) - Research Paper Example Also, an analysis of costs involved in non- market happenings and their repercussions have also been discussed in this paper.   Ã‚  Ã‚   Non- market environments involve variety of issues, interests, informational, and institutional affects that invariably impact the market environments of any public corporation. David Beach and David Bruce Allen (2010)i have rightly stated that â€Å"non market strategies recognize that businesses are social and political beings, not just economic agents. Because companies create a distribute value, a plethora of actors seek to influence them – formally through laws and regulations, and informally, through social pressure, activism, and efforts to shape the public perception of business. Companies cannot escape this. Smart executives, therefore, engage with their social and political environments helping shape the rules of the game and reducing the risk of being hemmed in by external affairs.†Ã‚   British Petroleum is no exception to this norm. Therefore, the non- market environments that BP faces also impact its market environments. Take the recent non- market happening of oil spill on the shores of US Gulf of Mexico, BP is responsible for operational errors for the disaster. The company is responsible to bear non- market cost for cleaning the oil spill. These costs are stated to surpass $20 billion, and will drastically impact the financial statements of the company. â€Å"The company is presently debating the issue of dividend distributions. Any impact on dividend is bound to carry uncontrollable and far reaching consequences on market forces, and thereby on the share prices of the company. The market for the shares of BP has crashed down because of the public and political hue and cry against BP. Accordingly, the market and non market forces are interrelated. A firm’s activities in its market environment can generate non- market

Sacred Power Essay Example | Topics and Well Written Essays - 250 words

Sacred Power - Essay Example He wanted to know what he believed. On the other hand, Laozi asserts that the most significant thing people can do in life is to have a state of quiet awareness. Become fully empty, quiet the mind’s restlessness only then will you witness all things unfolding from emptiness, witness all things flourish as well as dance in continuous variation. Laozi believes that Dao is the only source of sacred power (Snodgrass, 2009). The influence of the Laozi goes beyond China, as Daoism gets across Asia and in the contemporary period, the Western humanity. In Taiwan, Hong Kong, as well as amidst the Chinese in and beyond Southeast Asia, Daoism is an existing tradition (Snodgrass, 2009). Daoist practices and beliefs have played a role also in the formation of Japanese and of Korean culture, even though here the process of cultural transmission, assimilation, and transformation is very intricate, mainly given the close relations between Buddhism, Daoism, and indigenous traditions like