Managing strategic resources in petroleum industry projects
Al-Hanshi, Moosa Ali Mas’oud and Ojiako, Udechukwu and Williams, Terry (2022) Managing strategic resources in petroleum industry projects. Production Planning and Control, 33 (11). pp. 1043-1060. ISSN 0953-7287 (https://doi.org/10.1080/09537287.2020.1843081)
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Abstract
This paper seeks to explore how strategic resources in petroleum industry projects are to be best managed and exploited in order to deliver enhanced project performance and sustained business competitiveness. Framed upon the Resource-Based View (‘RBV’) theory, these resources should be ‘Valuable’, ‘Inimitable’, ‘Rare’ and be able to draw on ‘Organisational support’ (‘VIRO’). Qualitative data were collected from petroleum industry organizations operating in the United Arab Emirates and the Sultanate of Oman between 2017 and 2019. The analysis shows that at the project level, ‘Value’ and ‘Organisational support’ attributes of resources were positively related to competitive advantage and both impacted by dynamic capabilities and innovative environment. However, the ‘Rareness’ and ‘Inimitability’ attributes showed less evolution. We also find that at the project level, the main characteristics of organizational resources were that they are ‘Valuable’, ‘Organizationally supported’, and that they could be ‘Uniquely exploited’ while being ‘Readily available’. The results suggest a desire by project-oriented organizations to replace the ‘Rareness’ and ‘Inimitability’ attributes within VIRO with two alternative attributes, namely ‘Unique exploitation’ and ‘Timely availability’ of resources.
ORCID iDs
Al-Hanshi, Moosa Ali Mas’oud, Ojiako, Udechukwu ORCID: https://orcid.org/0000-0003-0506-2115 and Williams, Terry;-
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Item type: Article ID code: 88051 Dates: DateEvent1 December 2022Published3 November 2020Published Online24 October 2020AcceptedSubjects: Technology > Engineering (General). Civil engineering (General) Department: Faculty of Engineering > Design, Manufacture and Engineering Management Depositing user: Pure Administrator Date deposited: 01 Feb 2024 15:43 Last modified: 03 Dec 2024 01:26 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/88051