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Managing strategic resources in petroleum industry projects

Al-Hanshi, Moosa; Ojiako, Udechukwu; Williams, Terry

Authors

Moosa Al-Hanshi

Udechukwu Ojiako



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.

Citation

Al-Hanshi, M. A. M., Al-Hanshi, M., Ojiako, U., & Williams, T. (in press). Managing strategic resources in petroleum industry projects. Production planning & control, https://doi.org/10.1080/09537287.2020.1843081

Journal Article Type Article
Acceptance Date Oct 24, 2020
Online Publication Date Nov 3, 2020
Deposit Date Oct 26, 2020
Publicly Available Date Nov 4, 2021
Journal Production Planning and Control
Print ISSN 0953-7287
Electronic ISSN 1366-5871
Publisher Taylor and Francis
Peer Reviewed Peer Reviewed
DOI https://doi.org/10.1080/09537287.2020.1843081
Keywords Resource-based view; Projects; Project management; Strategic resources; Petroleum industry
Public URL https://hull-repository.worktribe.com/output/3648758
Publisher URL https://www.tandfonline.com/doi/full/10.1080/09537287.2020.1843081

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©2020 The authors. All rights reserved. No part of this publication may be reproduced without the written permission of the copyright holder



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