Evaluation of the key emerging themes

The term emerging themes describes a particular important thing. In this case the emerging theme is related with a project of African Oil and Gas. Identifying the emerging themes will help to understand the business technique more professionally (Bogers et al. 2017). With identifying the emerging themes brief description of the identified emerging themes will be provided in this document. Also, the examples of some business will be given which has successfully adopted the emerging themes. With that the futuristic impact of the emerging themes will be discussed in this article. Finally a critical evaluation will be given on the implication of such type of impacts on the strategy planning.

Evaluation of the key emerging themes:

In the evaluation of the key emerging themes of the African oil and gas industry four pillars of the emerging themes will be discussed. This four pillars are the emerging changes in the society, emerging work environments, emerging technologies in the oil and gas industry and the emerging industries and markets in the context of oil and gas industry. In the case of the emerging changes in the society the main assessed emerging change in the society is the diversity of the culture. Diversity in the culture occurred due to the different type of expertise are coming to the East African region from other countries to work in the oil and gas industries of the eastern region of the Africa (Banks 2015).

The cultural diversity has some own benefits of its. It can increase the productivity of the organization in which it is adopted and in this case it is the oil and gas industry of the Eastern Africa. In the oil and gas industry of the Eastern Africa, the cultural diversity is also helping in to increase the creativity in the organization and increasing the profits. Also, it is having other several benefits like the better engagement between the employees and better reputation of the company. In the case of the futuristic impact of the cultural diversity it will help the oil and gas industry of the Eastern Africa to grow further.

The outsource expertise will help the local peoples to learn new technologies which will be more helpful for the organization. Thus productivity of the oil and gas industry in the Easter Africa will increase heavily in the next five years. To adopt this cultural diversity some HR strategies need to be implemented in the organization which are the open mind behaviour to all, spreading the knowledge of the cultural background of the African region, maintaining personal touch and reviewing the non-verbal communication.

The next pillar of the emerging theme is the emerging work environment. In this emerging work environment the emerging theme is the various proposed laws in the oil and gas industry by the Eastern African countries. The Mozambique country has proposed law in the sector of the oil and gas to make the legal framework transparent to the investors in this business field. Also, in Uganda the Ministry of Energy and Mineral Development through the Petroleum Exploration and Production Department is promoting and regulating the gas and oil industry.

Cultural Diversity and its Impact

The government of the Uganda has proposed various laws to for the development of the petroleum industry which will improve the working environment of the employees (Raziq and Maulabakhsh 2015). In this context the government of the Nigeria has introduced income tax act which will help the government to collect the proper tax. This identified emerging themes will impact the work environments of the organization by satisfying the workers of the organization. Also the changes in the taxation rules will help the government to generate more revenue.

As concerned with the future implication of this emerging work environment it will benefit the organization by transparent legal framework (Hepple 2014). This will attract more investments form the outside which will surely help in the growth of the organizations in next five years. Also, the new policies will help to ensure the job satisfaction of the employees of the organization. Further the taxation policies will help to generate more revenue which can be used for the overall development of the county itself. There are some strategies which need to be implemented for attracting the investments.

These strategies are the creation of value added jobs, boosting the competiveness and enhancing the skill based host economies. The strategies for the job satisfaction are the improved communication, reducing the micromanagement, reducing the time stress and creating an employee recognition program. For the better tax collection the strategies are using the simple segmentation for identification of the larger collection opportunities, updating the registry of the taxpayers and focusing on the resources of improved auditing, tools and processes.

The next pillar of the emerging theme is the emerging technologies. The main assessed emerging technology in this case is the development of the offshore infrastructure. In the Mozambique there are offshore block development of 8.5% around the USD of 1.7 billion. The offshore development has been agreed in the year of 2012 between the Anadarko and Eni. In Kenya the first offshore block acquired by the Anadarko in the year of 2009. In South Africa there are interest with the offshore development with the new entrants. In Ghana monetization of the gas processing plants is done from the offshore fields (Teixeira et al. 2013).

Presently this offshore developments are helping the oil and gas industry to produce more oil and gas averagely on per day basis. This will boost the economy of the industry and the country. Considering the future implication of the offshore oil rigging development, it will help to create new jobs in this regions thus the economy in next five years will be boosted (League 2013). Also, it will create a unique habitat in the ocean environment. This also helps to increase the production in the oil and gas industry. The main strategies required to be implemented for the offshore development and rigging is the integrated preventive safety strategy. The other strategies are focusing on the major hazard risks, involving the workforce and the assessment of the environmental impacts.

The last pillar of the emerging theme is the emerging industries and markets. In this case the main assessed emerging industry is the petroleum industry in the East African region and the emerging markets are the countries in the Eastern African region. According to the OECD it is expected that the Mozambique will be fourth largest LNG exporter in the world in next few years. In present the Nigeria is the second largest Liquefied Natural Gas exporter in the world and first in the African region (Fisher 2015).

Also, it has been expected that the export of the Liquefied Natural Gas will start in the year of the 2020 which will make the Tanzania another important market in the oil and gas industry. For the present impact of emerging markets the customers or the consumers will be mostly benefitted as the overall price of the petroleum products will fall. It is the only merit in this case that the price of the petroleum products will fall.

The demerit in this case is that the new players in the oil and gas industry will face some problems as the competition will be huge due to the arrival of the new markets. When considering the long term impact, the main impact is the reduction of the price of petroleum products. In this case the most benefitted stakeholder will be the consumers of the oil and gas products. Another benefitted stakeholder will be the Government as various external investments are coming to the country (Sueyoshi and Wang 2014). In this case the strategic planning will be setting clear goals, market research, study of the competition, choosing the mode of the entry and determining the financial needs.

References:

Banks, J.A., 2015. Cultural diversity and education. Routledge.

Bogers, M., Zobel, A.K., Afuah, A., Almirall, E., Brunswicker, S., Dahlander, L., Frederiksen, L., Gawer, A., Gruber, M., Haefliger, S. and Hagedoorn, J., 2017. The open innovation research landscape: Established perspectives and emerging themes across different levels of analysis. Industry and Innovation, 24(1), pp.8-40.

Fisher, F.M., 2015. Supply and Costs in the US Petroleum Industry (Routledge Revivals): Two Econometric Studies. Routledge.

Hepple, B., 2014. Equality: The legal framework. Bloomsbury Publishing.

League, J., 2013. Offshore Oil Drilling. Coast Guard Journal of Safety & Security at Sea, Proceedings of the Marine Safety & Security Council, 70(4).

Raziq, A. and Maulabakhsh, R., 2015. Impact of working environment on job satisfaction. Procedia Economics and Finance, 23, pp.717-725.

Sueyoshi, T. and Wang, D., 2014. Sustainability development for supply chain management in US petroleum industry by DEA environmental assessment. Energy Economics, 46, pp.360-374.

Teixeira, A.F., de Campos, M., Barreto, F.P., Stender, A.S., Arraes, F.F. and Rosa, V.R., 2013, October. Model based production optimization applied to offshore fields. In OTC Brasil. Offshore Technology Conference.