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Managing risks: a new framework

Abstract:

When Tony Hayward became CEO of BP, in 2007, he vowed to make safety his top priority. Among the new rules he instituted were the requirements that all employees use lids on coffee cups while walking and refrain from texting while driving. Three years later, on Hayward’s watch, the Deepwater Horizon oil rig exploded in the Gulf of Mexico, causing one of the worst man-made disasters in history. A U.S. investigation commission attributed the disaster to management failures that crippled “the ab...

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Publication status:
Published
Peer review status:
Reviewed (other)

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Institution:
University of Oxford
Division:
SSD
Department:
Saïd Business School
Oxford college:
Hertford College
Role:
Author
Publisher:
Harvard Business Review Press
Series:
HBR'S 10 Must Reads on Managing Risk
Publication date:
2020-05-26
Acceptance date:
2020-03-25
EISBN:
9781633698871
ISBN:
9781633698864
Language:
English
Keywords:
Pubs id:
1112644
Local pid:
pubs:1112644
Deposit date:
2020-06-17

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