Key Strategic Issues in Today's Oil Industry - Part 1
Article Abstract:
The oil industry is undergoing drastic changes. In the past, the major oil companies, known as the Seven Sisters, were able to dominate the oil industry and the Middle East. Through maintance of market share, they controlled the Middle East crude base. As a rule, neither demand nor supply would influence the sale of oil directly as the market was tightly controlled. The supply-demand relationship has changed because the Seven Sisters no longer control oil production and distribution. A chart summarizes the current environment. Economic models of supply and demand are presented by way of illustration.
Publication Name: Industrial Management & Data Systems
Subject: Computers and office automation industries
ISSN: 0263-5577
Year: 1984
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Strategic Thinking: The Key to Corporate Survival
Article Abstract:
Most companies run their business day to day with no real long range plans or objectives. These companies eventually reach the future and are unprepared for it. Marketing decisions too often are based on immediate reactions of the consumers and not on a trend analysis. A systematic method must be determined as to how to approach decisions, not simply on a daily reaction. If public relations overshadow strategy for products and services, this direction will have to change. Strategic thinking for current operations will set the tone for long range planning. Tables illustrate strategic thinking.
Publication Name: Industrial Management & Data Systems
Subject: Computers and office automation industries
ISSN: 0263-5577
Year: 1983
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Key Strategic Issues in Today's Oil Industry - Part II
Article Abstract:
Key strategic decisions in the oil industry influence the economics of production and the market. The main issue is the degree to which OPEC is prepared to go to keep the current pricing structure for oil intact. The primary burden will fall on Saudi Arabia because of its prominence in OPEC. The oil industry already recognizes the gap between the production cost of oil and the usage value. Demand and structure within the industry are once again undergoing major changes. As a result of all the changes, ten major issues for the industry are presented.
Publication Name: Industrial Management & Data Systems
Subject: Computers and office automation industries
ISSN: 0263-5577
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
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