Russian petroleum industry and globalization Dissertation

Russian petroleum industry and globalization - Dissertation Example 4.Functional Structure of Organizations 11 In the petroleum industry, organizations grouped their employees based on their specialization together: Reservoir Engineers together, Production Technologist together, etc., which resulted in a Functional structure. Figure 1 presents an example of a Functional structure in case of an Operating Unit in the petroleum industry (in an oversimplified situation). Because of the grouping of functional activities into specialized departments, the organization is able to support in-depth skill development, which is considered to be one of the key strengths of the functional organization. However, functional grouping also has its drawbacks; as the environment becomes more uncertain and dynamic, many decisions are pushed to higher hierarchical levels, which slows down the process of decision-making. Price shocks of oil and gas in the 1980s resulted in major cost cuttings between 1982 and 1986, major petroleum companies (except for Shell) announced rad ical restructuring programs, which included a reformulation of business strategies within core oil and gas businesses and reduction of staff. Shell did not major restructure its organization, but did reduce staff for ~20%. Although petroleum companies reduced a great number of their staff, the actual amount of work remained the same. 11 5.Russian Petroleum and the Global Scenario 12 5.1.FDI of Russian Companies Globally 13 5.2.Energy as a Strategic Asset 13 5.3.Opportunities for Russia 14 III.Investigation to Support Model 15 1.Sample for Investigation 15 2.Investigation Results in Tabular Form 16 IV.Results of Investigation 21 1.Power distribution on â€Å"Exploration processes† and â€Å"Business development† 21 2.Power distribution on â€Å"Project Planning† and â€Å"Project execution† 22... Over the years, this strategy has been successful and beneficial for the country. Presently, various other factors have come into play such as the need for efficiency, reducing costs and the role of international market forces. The oil prices which reached the peak in 2008 have stabilized over past 3 years. This fact affects the financial results of Russian petroleum companies and Russia GDP. For example EBITDA of the LUK oil has decreased up to 14% since 2008. Russia government faces new challenges to provide GDP growth. One of the major steps is to find new projects which should be developed. These projects can be in Russian territory or abroad. With the help of secondary research it has been proposed that Russian energy can be used as a strategic resource in establishing a notable presence in the global markets. This paper investigates the path of multinational (MNCs) petroleum companies from national to international markets. My research proposes that the organizational structure of some MNCs operating from Russia can adapt techniques of their global counterparts. The research describes the variety of models that companies use to manage their international assets. The common models and solutions are recommended to use in case of Russian petroleum companies with respect to cultural differences and administrative heritage. 1.Introduction Russia is the largest country in the world in terms of area; it is also the second largest producer of energy of which about 40% of the production is exported-making Russian the largest exporter of energy in the world. Thus Russia plays a pivotal role in the international oil market with their production of upto 9.96 million barrels per day (Locatelli & Rossiaud, 2011).

Question 1&2 Assignment Example | Topics and Well Written Essays - 500 words

Question 1 - Assignment Example In this case, privacy is not viewed as being alone or away from others but is based on matters such as trespass to a person’s personal property. The contravention of the law of slander and libel demands that remedy be attained through treatment of a person’s feelings which tends to interfere with the right of privacy. Absolute protection of the right to privacy may limit the ability of an individual to access other rights which are closely tied. The right to property may not be fully achieved if an individual wants to maintain their right to privacy as the property may be located in a place near other people. c) Protection against libel and slander is not sufficient in the protection of privacy because its remedy only involves the treatment of mere wounded feelings instead of addressing the actual issues that the led to the breach of privacy. Breach of implied contract is insufficient in the protection of privacy in the sense that it does not allow for free interaction between the offender and the person being offended. Hence it limits the exercise of right of privacy. Loss of property leads to loss of privacy in the search for a lost property or remedy to the loss. a) Soft surveillance uses non harmful means of carrying out investigations in crime scene investigations such as DNA tests from samples taken from body fluids such as the saliva. It involves the application f modern forensic laboratory equipment in the investigation. On the other hand panopticon applies the use of technical forms of investigation that may include deep examination of the body parts of the victims at a crime scene. It may include physical torture of suspects so that they can reveal some information. The collection of information for search is unseen due to the automated systems. The process does not infringe on the privacy of individuals as one is not