Author | Pham Linh Tung |
Note | A project study submitted in partial fulfillment of the requirements for the
degree of Master of Business Administration (Executive) in
International Business – Management of Technology (VN), School of Management |
Publisher | Asian Institute of Technology |
Abstract | Human resources for oil and gas industry play a very important role to its growth and sustainability in the long term. Oil and Gas Production Enterprise has encountered the declining stage of its production and it needs a holistic view of business and human resource management strategies in order to overcome the changes in the business environment.
Especially in times of crisis, strategic human resource management must be associated with the business strategy; human resource managers must speak the language of business, not merely hold information about human resources. They must work closely with intermediate levels of management and with functional departments. They must anticipate and provide information on human resources for senior management decisions. Solutions to save businesses in times of crisis include restructuring, downsizing, and costs control, delaying of investments and improvement of productivity.
This paper focuses on the analysis of the existing conditions at OGPE, which has been experiencing a steady decline in oil prices,and reached the lowest in last 5 years. Combined with the theory of strategic human resource management, the author wishes to offer solutions to remove predicament, to provide senior managers with a comprehensive view to support the business to overcome the crisis and to enhance the opportunities for the business to sustain in the post-crisis period.
This richness of the project is limited to the information in OGPE as well as the impact of policy development OGPE in the following year. The author believed that this study provides perspectives on, how to think, how to do in times of crisis of OGPE. |
Year | 2015 |
Type | Project |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Chairperson(s) | Patchara Popaitoon;Igel, Barbara |
Examination Committee(s) | Claes, Marie- Thérèse;Sununta Siengthai |
Scholarship Donor(s) | Vietsovpetro Joint Venture |