Screen LibraryStrategies for managing uncertainty : booms and busts in the energy industry /
"All organizations must cope with future uncertainties. These uncertainties affect the strategic choices they make. They must commit scarce organizational resources to future outcomes which they have little assurance will come into being. Marcus explores how decision makers in the energy indust...
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| Main Authors: | |
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| Published: |
Cambridge University Press,
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| Publisher Address: | Cambridge, United Kingdom : |
| Publication Dates: | 2019. |
| Literature type: | Book |
| Language: | English |
| Series: |
Organizations and the natural environment
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| Subjects: | |
| Summary: |
"All organizations must cope with future uncertainties. These uncertainties affect the strategic choices they make. They must commit scarce organizational resources to future outcomes which they have little assurance will come into being. Marcus explores how decision makers in the energy industry made choices in the face of such uncertainties, specifically examining two major uncertainties they confronted in the 2012-18 period - price volatility and climate change. Marcus tells the story of how different companies in the integrated oil and natural gas sector and in the motor vehicle sector responded to these uncertainties. In the face of these challenges, companies in the energy industry hedged their bets by staking out paradoxical or contrasting positions. On the one hand, they focused on capturing as much gain as they could from the world's current dependence on fossil fuels and on the other hand they made preparations for a future in which fossil fuels might not be the world's dominant energy source"-- |
| Carrier Form: | xiii, 551 pages : illustrations ; 24 cm. |
| Bibliography: | Includes bibliographical references (pages 525-531) and index. |
| ISBN: |
9781107191150 1107191157 9781316641682 1316641686 |
| Index Number: | HD9560 |
| CLC: | F416.22 |
| Call Number: | F416.22/M322 |
| Contents: | Introduction: calculated wagers and hedging -- Part I. The problem. Risk and uncertainty in the energy industry -- The management of risk and uncertainty -- Hedging in the energy industry -- Booms and busts in the energy industry -- Part II. Challenges in major sectors. The oil and natural gas sector -- The motor vehicle sector -- The electric utility sector -- Part III. Oil and batural gas company strategies. Strategies to try to offset plummeting prices: ExxonMobil -- Strategies to try to offset plummeting prices: BP -- Strategies to try to offset plummeting prices: Shell -- Strategies to try to offset plummeting prices: TOTAL -- Part IV. Motor behicle company strategies. Strategies to take advantage of plummeting prices: GM -- Strategies to take advantage of plummeting prices: Ford -- Strategies to take advantage of plummeting prices: VW -- Strategies to take advantage of plummeting prices: Toyota -- Part V. Conclusion. Oil and gas companies strategic moves 2017-2018 -- Motor vehicles companies strategic moves 2017-2018 -- . Ambivalence, paradox, and hedging. |