Nature of the Firm in the Oil Industry: International Oil Companies in Global Business

Firm-to-firm relationships and the overall structure of industry have changed significantly over the past decades, with firms outsourcing more and increasing their control and coordination along the value chain. Understanding the nature of the firm and its role in coordinating the supply chain is essential for global competitive strategies. The Nature of the Firm in the Oil Industry aims to facilitate the understanding of the relationship between international oil companies and oil services companies, providing insights into the change in the nature of the firm in the era of modern globalization.

Format: Paperback / softback
Length: 168 pages
Publication date: 07 August 2018
Publisher: Taylor & Francis Ltd

Over the past few decades, significant changes have occurred in the firm-to-firm relationships and the overall structure of the industry. The traditional model of vertical integration has been replaced by a global business model, where firms have started to outsource more by utilizing a wider global network. At the same time, they have also begun to enhance their control and coordination along the value chain to remain competitive, blurring the boundaries between companies. Understanding the nature of the firm and its role in coordinating the supply chain is crucial for firms to develop effective global competitive strategies.

The challenges that global business faces today render obsolete the traditional approach of procuring each service without long-term supply chain management. Current trends indicate that in the future, we can expect even deeper supply chain integration across most industries.

The Nature of the Firm in the Oil Industry aims to provide insights into the specific relationship between international oil companies, known as 'core system integrators,' and oil services companies, which play a vital role in finding, extracting, producing, and distributing oil along the petroleum industry supply chain. This relationship serves as an example of deep integration by core system integrators and offers valuable insights into the changing nature of the firm in the era of modern globalization.

The book is primarily targeted at researchers and academics who are interested in exploring the nature of the firm in the oil industry and global business more broadly. It offers a comprehensive examination of this relationship, providing a thorough understanding of the firm's role, characteristics, and strategies in these contexts.

In conclusion, the firm-to-firm relationships and the overall structure of the industry have undergone significant transformations in recent decades. Understanding the nature of the firm and its role in coordinating the supply chain is essential for firms to develop competitive strategies and thrive in the global marketplace. The Nature of the Firm in the Oil Industry provides valuable insights into this relationship and contributes to our understanding of the firm in crucial industries.

Weight: 282g
Dimension: 151 x 227 x 28 (mm)
ISBN-13: 9781138340671