Strategies for managing uncertainty : booms and busts in the energy industry
Author(s)
Bibliographic Information
Strategies for managing uncertainty : booms and busts in the energy industry
(Organizations and the natural environment)
Cambridge University Press, 2019
- : hardback
Available at 2 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. 525-531) and index
Description and Table of Contents
Description
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.
Table of Contents
- Introduction: calculated wagers and hedging
- Part I. The Problem: 1. Risk and uncertainty in the energy industry
- 2. The management of risk and uncertainty
- 3. Hedging in the energy industry
- 4. Booms and busts in the energy industry
- Part II. Challenges in Major Sectors: 5. The oil and natural gas sector
- 6. The motor vehicle sector
- 7. The electric utility sector
- Part III. Oil and Natural Gas Company Strategies: 8. Strategies to try to offset plummeting prices: Exxon Mobil
- 9. Strategies to try to offset plummeting prices: BP
- 10. Strategies to try to offset plummeting prices: Shell
- 11. Strategies to try to offset plummeting prices: Total
- Part IV. Motor Vehicle Company Strategies: 12. Strategies to take advantage of plummeting prices: GM
- 13. Strategies to take advantage of plummeting prices: Ford
- 14. Strategies to take advantage of plummeting prices: VW
- 15. Strategies to take advantage of plummeting prices: Toyota
- Part V. Conclusion: 16. Oil and gas companies strategic moves 2017-18
- 17. Motor vehicles companies strategic moves 2017-18
- 18. Ambivalence, paradox, and hedging.
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