Stakeholder Analysis About Bp

Stakeholders of BP

According to Edward Freeman (1984) a stakeholder is defined as “any group or individual who can affect, or is affected by, the achievement of the organization’s objectives”. (Freeman 1984:46) Furthermore, Evan and Freeman (1993) state more precise definition of “affects” and “affected by”.

Primary stakeholders in BP

“Primary stakeholders are those persons or groups that have or claim ownership rights or interests in a corporation and its activities past present or future” (Clarkson, 1995, p.25)

The board of directors

During the oil spill, the board of directors is the main organization of BP, they have the main responsibility for oil spill. In addition, they have the right to decide to BP what actions should be taken to control the oil spill and reduce the loss.

The government

BP oil spill occurred, has brought about great pressure and challenge to President Obama, he said it was “This is the largest oil spill case of its kind so far", "it affects almost every American”. The Obama administration has quickly established the bipartisan commission which required a neutral and objective investigation. President Obama also requires the National Academy of Engineering which need to take an independent investigation of the accident. And in order to prevent such accidents from happening again what advice provided on safety and environmental aspects. Under the authorization of President Barack Obama, the United States, the director of the department to strengthen the regulation of the oil industry rapidly and set up the coast guard.

Hence, these are all primary stakeholders because they are all a part of the discussion in connecting to the oil spill, and they all respond in some way to the crisis and are huge influencers on BP.

Secondary stakeholders in BP

“Secondary stakeholders or influencers are those who influence or affect, or are influenced or affected by the corporation, but they are not engaged in transactions with the...