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Dynamic capabilities in the upstream oil and gas sector: Managing next generation competition

文献类型: 外文期刊

作者: Shuen, Amy 1 ; Feiler, Paul F. 2 ; Teece, David J. 2 ;

作者机构: 1.Univ Hong Kong, Hongkong, Hong Kong, Peoples R China

2.Univ Calif Berkeley, Berkeley Res Grp, Berkeley, CA 94720 USA

3.Univ Calif Berkeley, Haas Sch, Berkeley, CA 94720 USA

关键词: Dynamic capabilities;Upstream oil and gas strategy;Unconventionals;Oil and partnerships;Business ecosystem;Asset orchestration;Multinational corporation;National oil and gas companies;Transformational change

期刊名称:ENERGY STRATEGY REVIEWS ( 影响因子:6.425; 五年影响因子:5.331 )

ISSN: 2211-467X

年卷期: 2014 年 3 卷

页码:

收录情况: SCI

摘要: The Dynamic Capabilities Framework, originally developed to enhance understanding of strategic agility in high-tech firms operating in high-velocity markets, is shown to be relevant for the Upstream Oil and Gas sector, in the context of five industry gamechangers. Here operational and general managers with key strategic decision-making responsibilities significant challenges created by increased demand for energy resources, new technologies that have opened unconventional plays, increased competition, shrinking global geoscience and engineering talent pools, and the reality and perception of environmental risks. The Dynamic Capabilities Framework is distinguished from other "textbook" strategic methodologies and is applied to today's upstream strategic context and inflection point. Dynamic capabilities join with strategy to empower an organization's ability to integrate, build and reconfigure internal and external competencies to address rapidly changing markets. Dynamic capabilities differ from ordinary capabilities in that they orchestrate clusters of ordinary capabilities, best practices and competencies to gain competitive and performance advantages - capturing opportunities and managing strategic risks. Three dynamic capabilities are described that have particular importance for upstream oil and gas companies in the new business environment: (1) ambidexterity across mature and emerging domains; (2) the ability to manage the upstream business ecosystem; and (3) the ability to manage Health, Safety, Security and Environmental (HSSE) considerations in the multinational corporation and throughout the business ecosystem. (C) 2014 The Authors. Published by Elsevier Ltd.

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