ISSN: 2349-5162 | Impact Factor: 5.87

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Published in:

Volume 5 Issue 1
January-2018
eISSN: 2349-5162

Unique Identifier

JETIR1801011

Page Number

50-62

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Title

Blue Ocean Corporations:"Why there is everything new under the sun"

ISSN

2349-5162

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"Blue Ocean Corporations:"Why there is everything new under the sun"", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 1, page no.50-62, January-2018, Available :http://www.jetir.org/papers/JETIR1801011.pdf

Abstract

A Blue Ocean Transformation is a meta-process that involves orchestration and leadership across a cluster of activities, resources, processes, and best practices to manage comprehensively and systemically, something that is strategically critical. They empower and make precise decisions about direction, align stakeholders, engender readiness for change, and increase agility for capturing value and for risk mitigation. We began by describing how new opportunities and challenges within the upstream industry have created an inflection point that requires a transformative approach to strategy and strategic management. Capturing and producing new oil and gas resources is complicated by increased competition, new technologies that open up unconventional plays, the rise of NOCs, large Independents and service companies.Meanwhile, a decrease in global geo-science and engineering talent pools, the need to manage post-Macondo risks, pressure toward alternative sources of energy, complicate short term as well as long term decisions. We have outlined the Blue Ocean Strategy Organizational Transformations Framework to show how it has evolved from a strategic model employed by high-tech companies to undergird agility in high-velocity markets, to a comprehensive strategic framework relevant for upstream oil and gas entities as they capture opportunities and manage risks in the changing business environment. They can sharpen strategic agility and are the key to seizing and profiting from opportunities in the new business environment and empower upstream E&P strategy.

Key Words

Blue Oceans, Upstream E&P (Exploration and Production), Object, Speed, Velocity, Strategy canvas, Organizational Transformations

Cite This Article

"Blue Ocean Corporations:"Why there is everything new under the sun"", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 1, page no. pp50-62, January-2018, Available at : http://www.jetir.org/papers/JETIR1801011.pdf

Publication Details

Published Paper ID: JETIR1801011
Registration ID: 171210
Published In: Volume 5 | Issue 1 | Year January-2018
DOI (Digital Object Identifier):
Page No: 50-62
ISSN Number: 2349-5162

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(Volume 5 | Issue 7 | July 2018 |Impact factor 5.87)

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Cite This Article

"Blue Ocean Corporations:"Why there is everything new under the sun"", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 1, page no. pp50-62, January-2018, Available at : http://www.jetir.org/papers/JETIR1801011.pdf

Important Dates Related to Publication Procedure:
  • » Paper Submission Till: 29 July 2018.
  • » UGC and ISSN Approved Journal
  • » Review (Acceptance/Rejection) Notification: Within 02-04 Days.
  • » Paper Publish:Within 02-07 Days after submitting the all documents.
  • » Frequency: Monthly (12 issue Annually)
  • » Journal Type : Open Access
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Impact factor: 5.87