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Article
Publication date: 14 March 2024

Sina Tarighi

The purpose of this study is to define and develop a new technological development path for latecomer firms in developing countries.

Abstract

Purpose

The purpose of this study is to define and develop a new technological development path for latecomer firms in developing countries.

Design/methodology/approach

An analytical framework for development based on the technological capability (TC) dimensions is developed and examined in the drilling sector. Since the process of TC accumulation is dynamic, the case study approach is the best method for an exploratory theory-building study. Through a comparative case study of two Iranian drilling contractors, a new path for the technological development of latecomer oil service companies is proposed.

Findings

The study of two cases indicates that despite having similar scope and levels of TC, one of them demonstrated superior technical performance. To address this difference, the concept of operational efficiency is introduced which is considered the outcome of increasing the depth of TC.

Practical implications

Although upgrading the level of technological and innovation capability is an important path for technological development, latecomers that suffer from various disadvantages can perform their routine activities with superior performance and develop through their basic operational/production capabilities. Also, specialized indicators designed for assessing the level and depth of TC in the drilling industry have important insights for evaluating the technological and competitive position of oil service companies.

Originality/value

To the best of the author’s knowledge, this study takes the first step in defining and elaborating on the concept of depth of TC as a development path for latecomers. It also introduced a novel approach to the global operational/production efficiency frontier as a target for their catch-up.

Details

Journal of Science and Technology Policy Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2053-4620

Keywords

Article
Publication date: 17 July 2019

Shanfei Feng and Trichy V. Krishnan

Companies in the B2B service sector often sign a series of successive contracts instead of one long contract with their vendors. Economic researchers have shown how the lengths of…

Abstract

Purpose

Companies in the B2B service sector often sign a series of successive contracts instead of one long contract with their vendors. Economic researchers have shown how the lengths of stand-alone contracts are influenced by economic factors such as asset specificity and economic volatility, but have not researched into contracts that are part of a continuous series. The purpose of this study was to explore if being a part of a series of contracts influences the length of the focal contract and the rental rate.

Design/methodology/approach

The authors use data collected from the oil drilling industry to empirically test their hypotheses. The data set consists of 2,621 contracts involving jack-up rig hiring in the Gulf of Mexico region.

Findings

The authors empirically show that the series duration affects both the length and rental rate of each constituent contract, even after considering all other plausible economic factors. Specifically, the duration of a series has a positive effect on the length and a negative effect on the rental rate of the constituent contract.

Originality/value

Although contract length is as vital as the rent in B2B service transactions, it is rather unfortunate that marketing scholars have not researched much into this topic. The findings offer a new insight into the forces that shape the B2B service contracts and thus help the B2B managers make a better decision in service contracts.

Details

Journal of Business & Industrial Marketing, vol. 34 no. 7
Type: Research Article
ISSN: 0885-8624

Keywords

Article
Publication date: 1 August 1996

Denis Graham and Vipul K. Gupta

How do managers, in their role as decision makers, design and implement systems for management of quality? Proposes that there is no one, definitive answer to this question, given…

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Abstract

How do managers, in their role as decision makers, design and implement systems for management of quality? Proposes that there is no one, definitive answer to this question, given various industrial environments and their operating constraints, diverse market conditions and numerous management philosophies. Attempts to address quality management issues in the business‐to‐business industrial service industry by presenting a case study on the quality management approach taken by Diamond Offshore Drilling, Inc. ‐ one of the largest offshore oildrilling companies in the world. States that the business‐to‐business industrial service markets are characterized by the sale of industrial services to business customers, who often then use these services to produce goods or services for consumers or other businesses. A wide variety of services are provided by the companies operating in this industry, such as offshore oildrilling and exploration, warehousing and public utilities. The case study follows the backdrop, initiation and complete implementation of Diamond Offshore’s Global Excellence in Management Systems (GEMS) programme. GEMS can be characterized as a system deeply rooted in the basics of quality management ‐ customer‐defined requirements and quality through customer satisfaction. Also discusses post‐implementation customer feedback results to illustrate the success of the programme. Based on the GEMS framework and relevant literature, proposes a generalized framework for implementing quality management in firms operating in business‐to‐business industrial service markets.

Details

International Journal of Quality Science, vol. 1 no. 2
Type: Research Article
ISSN: 1359-8538

Keywords

Abstract

Subject area

Strategic Management and Organization Theory and Design.

Study level/applicability

Advanced undergraduate and MBA students taking courses in Strategic Management and Organization Theory and Design.

Case overview

By the end of 2011, five years short of its centennial anniversary, UMW Holdings was one of the biggest corporations in Malaysia, registering revenues of RM13.5 billion (US$4.5 billion), and net profit after tax of RMI billion (US$0.33 billion). By that time, it had 110 subsidiaries, operating in four core businesses of automotive assembly and distribution of Toyota lines of products, automotive components and lubricants original equipment manufacturing (OEM) and replacement equipment manufacturing (REM), heavy equipment, and oil and gas drilling service. In September 2011, the company had targeted its Toyota automotive business to contribute to 50 percent of its revenues, while the other 50 percent would come from its other three businesses, by the year 2015. However, as of the first quarter of 2012, Datuk Syed Hisham Syed Wazir, the Group CEO and his management team realized that, at 72 percent, the automotive business was still the main contributor to the Group's revenues. As the company's Toyota assembly operation was limited exclusively to the Malaysian market, plus in the face of greater competition within the automotive industries, the company needed to set strategies to achieve its 50:50 plan. The case stimulates discussion on strategy formulation of a mature corporation, involved in diversified business portfolio.

Expected learning outcomes

Understanding the process of industry analysis, as well as the formulation and implementation of business-level and corporate strategies, enables case analysts to extend the concepts to many business situations.

Supplementary materials

Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.

Details

Emerald Emerging Markets Case Studies, vol. 3 no. 4
Type: Case Study
ISSN: 2045-0621

Keywords

Book part
Publication date: 13 December 2018

Franklin Obeng-Odoom

Transnational corporation (TNC)-led oil investments have been widely encouraged as a mechanism for the development of the Global South. Even though the sector is characterized by…

Abstract

Transnational corporation (TNC)-led oil investments have been widely encouraged as a mechanism for the development of the Global South. Even though the sector is characterized by major accidents, oil-based developmentalist narratives claim that such accidents are merely isolated incidents that can be administratively addressed, redressed behaviorally through education of certain individuals, or corrected through individually targeted post-event legislation. Adapting Harvey Molotch’s (1970) political economy methodology of “accident research”, this paper argues that such “accidents” are, in fact, routine in the entire value chain of the oil system dominated by, among others, military-backed TNCs which increasingly collaborate with national and local oil companies similarly wedded to the ideology of growth. Based on this analysis, existing policy focus on improving technology, instituting and enforcing more environmental regulations, and the pursuit of economic nationalism in the form of withdrawing from globalization are ineffective. In such a red-hot system, built on rapidly spinning wheels of accumulation, the pursuit of slow growth characterized by breaking the chains of monopoly and oligopoly, putting commonly generated rent to common uses, and freeing labor from regulations that rob it of its produce has more potency to address the enigma of petroleum accidents in the global south.

Details

Environmental Impacts of Transnational Corporations in the Global South
Type: Book
ISBN: 978-1-78756-034-5

Keywords

Article
Publication date: 1 November 1955

CLAIMED TO BRING TO THE OIL DRILLING INDUSTRY THE RECOGNISED SUPERIORITIES OF ELECTRIC POWER IN A POWER RIG, which, for the first time, is competitively priced with other forms of…

Abstract

CLAIMED TO BRING TO THE OIL DRILLING INDUSTRY THE RECOGNISED SUPERIORITIES OF ELECTRIC POWER IN A POWER RIG, which, for the first time, is competitively priced with other forms of power rig, a new standard package diesel‐electric plant has been developed by ALCO Products Inc., of Schenectady, N.Y., U.S.A. It is an integral, self‐contained source of power, which can drill a well anywhere offshore or on land. Its first application has recently been mounted aboard the new oil drilling barge The Henry Bell.

Details

Industrial Lubrication and Tribology, vol. 7 no. 11
Type: Research Article
ISSN: 0036-8792

Article
Publication date: 18 October 2011

Nick Lin‐Hi and Igor Blumberg

The recent oil spill disaster in the Gulf of Mexico as well as a multitude of other corporate scandals repeatedly draw attention to the importance of good corporate governance

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Abstract

Purpose

The recent oil spill disaster in the Gulf of Mexico as well as a multitude of other corporate scandals repeatedly draw attention to the importance of good corporate governance. This paper seeks to explain the possible reasons for violations of principles of good corporate governance in corporate practice.

Design/methodology/approach

The paper opens with a brief illustration of the Deepwater Horizon case by relating BP's corporate governance rules to its actual decision making in the context of offshore drilling in the Gulf of Mexico. The insights gained through this analysis are used to identify a basic precondition for the realization of good corporate governance in corporate practice.

Findings

This paper finds a link connecting the conflicts in the relationship between short‐ and long‐term interests of corporations and good corporate governance. Occasionally, deficits in the institutional environment foster the pursuit of quick wins through violations of corporate governance rules. To resolve the tension between short‐ and long‐term objectives, good institutions are required that provide incentives for sustainable behavior without endangering corporations' short‐term competitiveness. This is the starting point for global governance efforts.

Practical implications

On the basis of the analysis in the paper, new implications for business are derived with respect to the relationship between corporate and global governance.

Originality/value

The paper derives a theoretical framework that captures the relationship between corporate governance and global governance. This framework identifies an interplay between corporate and global governance that allows corporations to bring good corporate governance to life and thereby to invest in the conditions of their sustainable success.

Details

Corporate Governance: The international journal of business in society, vol. 11 no. 5
Type: Research Article
ISSN: 1472-0701

Keywords

Open Access
Article
Publication date: 20 July 2021

Sahar Amirkhani, Neda Torabi Farsani and Homa Moazzen Jamshidi

Industrial tourism not only strives to preserve industrial heritage, but can also be a strategy for being familiar with the history of industry and attracting tourists to new…

1384

Abstract

Purpose

Industrial tourism not only strives to preserve industrial heritage, but can also be a strategy for being familiar with the history of industry and attracting tourists to new destinations. This paper examines the issue of promoting petroleum industrial tourism in the case of Khuzestan, Iran. The research aims at determining appropriate strategies for promoting petroleum industrial tourism.

Design/methodology/approach

The data were analysed through a strengths, weaknesses, opportunities, and threats (SWOT) model.

Findings

The results revealed the competitive strategy as the best. Lastly, strategies such as: concentric diversification, joint venture strategy, conglomerate diversification and horizontal diversification were proposed as key solutions. The results support the view that establishing an exploratory ecomuseum in the territory of Khuzestan Province can be a suitable concentric diversification strategy towards petroleum industrial sustainable tourism in the future.

Originality/value

The main originality of this paper includes linking tourism with the petroleum (oil and natural gas) industry and its natural landscapes for the first time in a case study. Therefore, the results of this research can extend the literature in this regards. Moreover, this paper attracts tourists to visit natural landscapes of petroleum heritage.

Details

Journal of Tourism Futures, vol. 9 no. 3
Type: Research Article
ISSN: 2055-5911

Keywords

Article
Publication date: 4 April 2016

Frédéric Allamel

The Houma Indians reside in the backwaters of the Mississippi Delta, a coastal area that is disappearing due to natural subsidence, sea-level rise, and mismanagements of the…

Abstract

Purpose

The Houma Indians reside in the backwaters of the Mississippi Delta, a coastal area that is disappearing due to natural subsidence, sea-level rise, and mismanagements of the ecosystems. The purpose of this paper is to scrutinize the causes of this ecocide and the responses addressing such environmental challenges, including scientific strategies, political non-intervention, and the United Houma Nation’s plans for preserving a sense of place and togetherness as a prerequisite for its cultural survival.

Design/methodology/approach

This ethnographic investigation relies on participant observation, and interviews with tribal leaders, fishermen, trappers, as well as scientists and local politicians. In order to grasp the emic perspective, most interviews were conducted in the Houma French dialect.

Findings

The Mississippi Delta epitomizes issues that will shape tomorrow’s world, namely, the vulnerability of coastal areas and the flows of environmental refugees. As shown by this study, coastal residents do not make a passive flux of evacuees responding to state/NGO-run plans. Actually, they are chief agents who either develop resilient strategies or proactive relocation stratagems to avoid ethnocide. Their pragmatic methodologies provide valuable data for any crisis management efforts.

Originality/value

This research gives a voice to the voiceless, and conveys their existential struggles from within – unlike most studies of endangered communities relying on outsiders’ viewpoints. This perspective depicts the Houmas as actors of their survival who implement diverse tribal strategies for coping with environmental change.

Details

Disaster Prevention and Management, vol. 25 no. 2
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 20 November 2017

Aline Pereira Pündrich

The purpose of this paper is to focus on the influence of socio-economic and cultural factors and their influence on corporate social performance (CSP) (Clarkson, 1995) within…

Abstract

Purpose

The purpose of this paper is to focus on the influence of socio-economic and cultural factors and their influence on corporate social performance (CSP) (Clarkson, 1995) within developing and mature economies. It aims at identifying the characteristics of socially responsible actions within two contexts: France and Brazil.

Design/methodology/approach

Based on a case study methodology and a press database, this paper analyzes two oil companies, the French group Total SA, and the Brazilian company Petrobras.

Findings

By focusing on corporate social responsibility (CSR) actions in different socio-economic and cultural contexts, it was possible to identify a predominant CSP “proactivity” in both companies; observe a difference in CSR discourse and practice; note a heterogenic and composite CSR; and notice that companies do not choose their CSP posture, but are subjected to external classifications.

Research limitations/implications

The analysis of only one company per socio-economic and cultural context belonging to the same field could be considered as a limitation, although it allows a deeper analysis of events within both organizations.

Practical implications

Apprehending CSP within different contexts may help decision makers to better understand companies’ socially responsible postures and to observe the socio-economic and cultural factors that can influence them.

Originality/value

This paper highlights CSR practices and their CSP under different socio-economic and cultural perspectives for a more comprehensive understanding of factors that motivate and direct the actions of big corporate organizations.

Details

Management Decision, vol. 55 no. 10
Type: Research Article
ISSN: 0025-1747

Keywords

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