Case study Essay Example | Topics and Well Written Essays - 1500 words - 15

Case study - Essay Example This event is investigated in light of the company’s behavior post the oil spill and their consequent reaction in front of the press and as expressed in their annual reports. More specifically, this paper looks at how BP’s reaction post the disastrous oil spill ties in with the theories about company behavior. There is extensive secondary research that discusses company behavior and explains how and why a company might behave in certain specific situations. According to the legitimacy theory, an organization only acts according to the behavior that is deemed correct and wanted by society it operates in and as deemed fit by other potentially influential parties; the actions performed by the company should thus be ‘socially acceptable’ otherwise the company will have trouble operating in a society that thinks of it as ‘unethical’, ‘immoral’ or ‘unable to comply with social norms or requirements’ and will be fast rolling downhill on its way to failure. (O’Donovan, 2002, p.344). Results of some empirical researches confirm the legitimacy theory (Branco and Rodrigues, 2006, p.232; Deegan et al., 2002, p.312) while on the other hand, some scholars and their studies outright reject the concept put forward by the legitimacy theory (Guthri e and Parker, 1989, p.343). According to research, the stakeholder theory explains how a company may be portrayed with regards to the internal relations between different units and individuals that comprise it and that this may manipulate the firm’s performance. According to this theory, the company’s stakeholders include not only shareholders, but also other groups such as employees, suppliers, society, etc that have an inherent stake in how the company performs. (Freeman et al., 2010, p.28; Jones, 1995, p.407). critics of the stakeholder theory say that the nature of the relationships between the management and investors are always different from the nature of the associations

Museums are Catalysts for Regeneration Essay Example | Topics and Well Written Essays - 2500 words

Museums are Catalysts for Regeneration - Essay Example But soon, even animal hides, instruments, portraits and sculptures were also displayed. The Greeks then widened the scope of objects displayed in a museum by exhibiting not only statues and paintings but also jewelries, glasses, vases, pottery and ornaments which they offered to their gods. These were however, transported to Rome when the Romans ransacked Greece. Thus began the Romans' romance with works of art. Then Roman temples, palaces and private villas were adorned with these (Alexander 2008, p.4). Japan and China were not left behind in this cultural activity because even before 1000 AD works of art were already manifested in their temples and palaces. It is worthwhile to mention that in Nara City, Japan many of these had been preserved. vanguard for the reposing of important manuscripts, saints' relics, statues, paintings and jewelries. Feudal nobles, coming from the crusades in the Near East, carried with them spoils of war with beauty and added these to their private collections. But museums reached unparalleled importance during the Age of the Renaissance. The Medici family of Florence, collected the most enviable art treasures ever gathered which they ensconced in their palaces. Later these were transferred to the Vatican and made a part of the Papal collection. Then the Uffizi Gallery in Florence was made the repository of the Medici collection (Bennett 1995, p.27). The first great public museum is the Louvre Museum in Paris, which at that time was basically composed of royal collections of King Francis I. For the first time, a museum was opened to the public in 1793. When the Age of Enlightenment came, more museums were opened for public viewing. Some of these were the British Museum, the Berlin Gallery, the Prado in Madrid and the Hermitage in Saint Petersburg (Steffensen 1998, p.13).