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The Role of Innovative Decisions in the Development of Oil and Gas Companies

Author

Listed:
  • Irina Vladimirovna Andronova

    (Department of Energy Complex Management, Institute of Management and Business, Tyumen Industrial University, 38, Volodarskiy Street, Tyumen, 625000, Russia,)

  • Irina Vladimirovna Osinovskaya

    (Department of Energy Complex Management, Institute of Management and Business, Tyumen Industrial University, 38, Volodarskiy Street, Tyumen, 625000, Russia)

Abstract

This work describes the importance of developing and adopting innovative decisions in all operational segments of O and G companies. It gives a systematic presentation of the procedure of developing and making managerial decisions of an innovative nature that have a multilevel structure. Aspecial place in the hierarchy of innovative decisions is given to the ones adopted to implement innovative foresight projects targeted to possible technological breakthroughs that can have a significant impact on the development and growth of key indicators in various operating segments of O and G companies. It also emphasizes the need to develop company innovative potential based on its staff. It is the staff with innovative habit of thought that can ensure the high efficiency of preparation and implementation of innovative decisions. The main requirements for innovators are also described herein below. Moreover, the problem of special training of this group (innovators) is touched on. One of the possible solutions of this problem is to develop the appropriate corporate training.

Suggested Citation

  • Irina Vladimirovna Andronova & Irina Vladimirovna Osinovskaya, 2017. "The Role of Innovative Decisions in the Development of Oil and Gas Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 346-351.
    • Handle: RePEc:eco:journ2:2017-02-41
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    References listed on IDEAS

    as
    1. Anatoly Alekseevich Moskalenko & Anatoly Alekseevich Moskalenko, 2016. "Improvement of Work with Personnel as a Factor of Increasing Business Efficiency," International Review of Management and Marketing, Econjournals, vol. 6(4), pages 761-771.
    2. Breschi, Stefano & Lissoni, Francesco & Malerba, Franco, 2003. "Knowledge-relatedness in firm technological diversification," Research Policy, Elsevier, vol. 32(1), pages 69-87, January.
    3. Anatoly Alekseevich Moskalenko & Anatoly Alekseevich Moskalenko, 2016. "Improvement of Work with Personnel as a Factor of Increasing Business Efficiency," International Review of Management and Marketing, Econjournals, vol. 6(4), pages 761-771.
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    Cited by:

    1. Ali Fadul, 2021. "Does Organizational Justice Influence Employee Innovative Behavior in an Arabic Context? Evidence From the Libyan Oil Industry," SAGE Open, , vol. 11(3), pages 21582440211, September.

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    More about this item

    Keywords

    Innovative Decisions; Foresight; Algorithm; Personnel; Innovative Potential; Corporate Training;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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