The term “crisis” has very different meanings to different people. What some may consider a true crisis may only be an inconvenience to others. It’s all based on your perspective. To a new mom, running out of formula or diapers may be a crisis. A traveler experiencing a delayed or canceled flight home for a birthday or special occasion may be a crisis. Severe weather that knocks down trees and power lines could be considered a crisis.

Then there is the massive oil spill in the Gulf of Mexico, which by all accounts is a crisis on many levels. Many families lost loved ones and the environmental impact could well be worse than the Exxon Valdez oil spill decades ago. There is also the impact on businesses—such as the fishermen and shrimpers who depend on the Gulf for their livelihoods. It is a crisis; it just doesn’t seem like one for BP. At least that is the perception.

Click here to continue reading about BP’s handling of the recent oil spill in TVG’s recent Insight article.