The purpose of this thesis was to explore senior managers' perceptions of strategic management, with the specific context being the National Oil Corporation in Libya. As such it represents a ground-breaking study at PhD level. An extensive literature identified key themes and models of strategy formulation and strategic management, in particular Karami's model of strategic management (Karami, 2007) together with key factors influencing the processes involved. This led to a study of the Libyan NOC based on a two-stage research design, the first a survey involving two hundred and fifty two senior managers of whom seventy returned completed questionnaires and the second conducting twelve semi-structured follow up interviews to deepen the findings from the questionnaire with qualitative data. The findings of this thesis suggest that the Libyan NOC may have relied too heavily in the past on strategy formulation and strategic management as the preserve of a very few individuals at the very top of the organisation, as the role of the great majority of senior managers was limited to monitoring and high level supervision. It was found that although political directives set the strategy for the whole organisation, there was a gap in knowledge and understanding between the senior business managers and the political appointments to the Board. Recommendations for improving practice therefore concerned steps in the strategic management process and senior managers' effectiveness especially in the Board as a team. Recommendations for reflecting the Libyan NOC as an example of a state-owned enterprise in Karami's model were to include Board effectiveness as the first step, to add medium-term objectives and to include social responsibility in environmental scanning under external factors.

The purpose of this thesis was to explore senior managers¿ perceptions of strategic management, with the specific context being the National Oil Corporation in Libya. As such it represents a ground-breaking study at PhD level. An extensive literature identified key themes and models of strategy formulation and strategic management, in particular Karami¿s model of strategic management (Karami, 2007) together with key factors influencing the processes involved. This led to a study of the Libyan NOC based on a two-stage research design, the first a survey involving two hundred and fifty two senior managers of whom seventy returned completed questionnaires and the second conducting twelve semi-structured follow up interviews to deepen the findings from the questionnaire with qualitative data. The findings of this thesis suggest that the Libyan NOC may have relied too heavily in the past on strategy formulation and strategic management as the preserve of a very few individuals at the very top of the organisation, as the role of the great majority of senior managers was limited to monitoring and high level supervision. It was found that although political directives set the strategy for the whole organisation, there was a gap in knowledge and understanding between the senior business managers and the political appointments to the Board. Recommendations for improving practice therefore concerned steps in the strategic management process and senior managers¿ effectiveness especially in the Board as a team. Recommendations for reflecting the Libyan NOC as an example of a state-owned enterprise in Karami¿s model were to include Board effectiveness as the first step, to add medium-term objectives and to include social responsibility in environmental scanning under external factors.