Identifying key success factors in upstream sector of oil and gas industry in Iran

Autor: Mohammad Reza Arasti, Rouzbeh Kotobzadeh, Mehdi Sheikhzadeh
Rok vydání: 2012
Předmět:
Zdroj: AFRICAN JOURNAL OF BUSINESS MANAGEMENT. 6
ISSN: 1993-8233
Popis: In today’s global economy, to remain competitive, firms often concentrate and excel at only a few factors as primary determinants of success, known as key success factors (KSF). KSF are specific to industry, sector of an industry, and geography. As such, scope of our study is about identifying KSF of the upstream sector of oil and gas industry due to global attentions to limited natural resources and importance of efficiency in the oil and gas value chain. Furthermore, we considered the case of Iran as one of the oil and gas suppliers in the Middle East. In this research, we employed a hybrid approach to identify KSF. Specifically, we tried to identify KSF based upon perception of managers and experts in the industry at the same time that we investigated the competencies of successful firms in the industry. Among other findings, results indicate that top three KSF are: competency of human resources, sufficiency of financial resources and adequacy of technological capabilities. The results of this study have been also contrasted to the findings of other research work. Findings of this explorative study provide a basis to propose some hypothesis, which could be subject of the further research. Key words: Key success factors, oil and gas industry, theoretical framework, comparative analysis.
Databáze: OpenAIRE