Wednesday, October 19, 2011
Deepwater Horizon Oil Spill
The Ivey Business School Case Collection has now published by new case study on the Deepwater Horizon oil spill. This case has three primary learning objectives. First, it provides students an opportunity to examine how and why catastrophic failures occur. Second, the case highlights several factors that drive enhanced risk-taking in organizational decision-making. Finally, the case enables students to learn about the characteristics of an effective versus ineffective safety culture. The case soon will be available through the Harvard Business Publishing website as well.
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In relation to the Deep Water Horizon well, do you think the oil rig that will be operating off the coast of Florida, 60 miles from Key West calls for concern? The two companies that have come out with new capping technology for deep water wells do not have permits to work in Cuba. So if there is a spill neither company would be allowed to respond until the slow bureaucractic process approves any permits. Repsol, the company who will be operating the well, has cooperated thus far and will allow U.S. inspection, but what about the unknowns. Would the time to stop a potential leak be even slower than the Deep Water Horizon spill causing even greater environmental damage?
Also wanted to mention that my previous post was based on an article from the Wall Street Journal on Monday October 17th, by Russell Gold
Yikes... I didn't know about this... thanks for sharing. I'll look into it.
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