Crisis Management of Ashland Oil Inc.

Paper Summary:

This paper cites the fact that Ashland Oil Inc. at the beginning of this decade recognized that it had a management crisis and that it needed to gain control of it in order to cope with the unforeseen shifts in the oil business. It shows that in 1991, the company made a number of decisions regarding how to prepare for a crisis, after it had faced a crisis with a major oil spill in 1988 and had not handled the situation as well as it might.

From the Paper:

"The public sees long line at the gas pump and notes the rising costs of oil and may believe that the oil companies are making money hand over fist and doing so with relatively little effort. In fact, though, whether an oil company can weather the ups and downs of the oil business depends on the management of the company. Ashland Oil Inc. at the beginning of this decade recognized that it had a management crisis and that it needed to gain control of it in order to cope with the unforeseen shifts in the oil business. Americans have been aware of an oil crisis since the 1970s, when the first oil crisis brought higher prices and long lines and made Americans more aware than ever before of their dependence on foreign sources for their oil and energy needs."

More papers on Crisis Management of Ashland Oil Inc.:

• Research Paper # 70759 : "Crisis Management"
• Essay # 28704 : "Crisis Management at Odwalla, Inc."
• Analytical Essay # 52472 : "Crisis Management"

APA Citation:

MLA Citation: