The Effect of Strategic Management on Crisis Management in the Oil and Gas Sector in Libya

This study investigates the impact of strategic management on crisis management within Libya’s Oil and Gas sector. Using a cross-sectional survey method, a quantitative approach to gather data from 354 employees at Akakus Oil Operations in Libya. The survey targeted individuals in strategic and managerial roles, and employees in the security and safety, planning, follow-up and control, and engineering departments. Structural Equation Modeling (SEM) was used for data analysis. The findings indicate a significant and positive relationship between strategic management and effective crisis management in the Oil and Gas sector in Libya. The study highlights the crucial role of strategic management in navigating and overcoming crises. Practical implications, limitations, and suggestions for future research are also discussed.

Authors

Publication Details

Journal
American Journal of Economics and Business Innovation
Published
2024-10-09
DOI
https://doi.org/10.54536/ajebi.v3i3.3591
Primary Topic
Complex Systems and Decision Making
Type
article
Field-Weighted Citation Impact
0.00
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article

The Effect of Strategic Management on Crisis Management in the Oil and Gas Sector in Libya

Khairi Ahmed Masaud, Abdulhakim Y A Belkhir
American Journal of Economics and Business Innovation
Complex Systems and Decision Making
article

The Effect of Strategic Management on Crisis Management in the Oil and Gas Sector in Libya

Khairi Ahmed Masaud, Abdulhakim Y A Belkhir
article en

Abstract

This study investigates the impact of strategic management on crisis management within Libya’s Oil and Gas sector. Using a cross-sectional survey method, a quantitative approach to gather data from 354 employees at Akakus Oil Operations in Libya. The survey targeted individuals in strategic and managerial roles, and employees in the security and safety, planning, follow-up and control, and engineering departments. Structural Equation Modeling (SEM) was used for data analysis. The findings indicate a significant and positive relationship between strategic management and effective crisis management in the Oil and Gas sector in Libya. The study highlights the crucial role of strategic management in navigating and overcoming crises. Practical implications, limitations, and suggestions for future research are also discussed.

American Journal of Economics and Business InnovationVol. 3(3)
Openalex Percentile: Top 79%
Complex Systems and Decision Making
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The Effect of Strategic Management on Crisis Management in the Oil and Gas Sector in Libya — Khairi Ahmed Masaud, Abdulhakim Y A Belkhir · American Journal of Economics and Business Innovation (2024) | TGRS Research Map | TGRS