Managing Natural Resources
Show Less

Managing Natural Resources

Organizational Strategy, Behaviour and Dynamics

Edited by Gerard George and Simon J.D. Schillebeeckx

Managing the natural environment is fundamental to many businesses, yet management scholars have understudied how natural resources are acquired and deployed, how they constrain and challenge strategy and innovation, and how they differ from more conventionally studied resources in management. This book captures leading and thought-provoking conceptual and empirical contributions on how organizations (ought to) interact with such natural resources. The authors apply and extend management theories to the natural resource context, thereby opening up multiple avenues for future research.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 4: Risk management and adaptation in oil and gas commodity resource markets

Connie Van der Byl and Birgitte Grøgaard

Abstract

The oil and gas industry is vital in the global economy. It is also a turbulent industry, characterized by market volatility and exogenous shocks. Yet, the oil and gas industry has largely been ignored in the management literature. In this chapter, we highlight some of the risks contributing to industry uncertainty and examine how firms adapt and develop resilience. Using the dynamic capabilities framework, we describe how successful firms develop capabilities for sensing, seizing and reconfiguring to mitigate the risks and capitalize on opportunities.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.