Yes / This empirical study investigated senior managers’ perceptions and
application of strategic management in the Libyan National Oil Corporation
(NOC). Key factors influencing the processes of strategic management were
identified and overall findings have been compared with a model of strategic
management. A case study approach was adopted, based on a two-stage
research design. The first stage comprised of a survey involving seventy
senior managers and was followed by twelve semi-structured interviews to
deepen the questionnaire findings with qualitative data. Findings 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 top of the organization. Whilst political directives set the
strategy for the whole organisation, a gap in knowledge and understanding
existed between the senior business managers and the political appointments
to the Board. The case study does not necessarily reflect the situation in other
NOCs. Furthermore, it excludes the impact of the revolution in Libya.
Recommendations have been made for improving practice concerned steps
in the strategic management process and senior managers’ effectiveness
within the Board team. In the context of an example of a state-owned
enterprise, the inclusion of three elements was suggested: Board
effectiveness, medium-term objectives and social responsibility as an aspect
of environmental scanning. This is a first time empirical study of senior
managers’ perceptions of strategic management in a National Oil Company.
| Identifer | oai:union.ndltd.org:BRADFORD/oai:bradscholars.brad.ac.uk:10454/10369 |
| Date | 06 1900 |
| Creators | Analoui, Farhad, Atamna, Abdallah M.E., Analoui, B.D. |
| Source Sets | Bradford Scholars |
| Language | English |
| Detected Language | English |
| Type | Article, Published version |
| Rights | © 2015 The Authors. This is an Open Access article published under the Creative Commons CC-BY license (http://creativecommons.org/licenses/by/3.0/) |
| Relation | http://www.eujournal.org/index.php/esj/article/view/5852 |
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