Oil and gas are economically important finite natural resources that require strong collaborative efforts between the rights owners and developers for their efficient exploration, extraction, […]
Tag Archives: Management
Oil and Gas: Difference Between Resources and Reserves
The words “resources” and “reserves” are thrown out a lot whenever there are discussions about economic activities or other pertinent information involving the oil and […]
Transformational Leadership: Advantages and Disadvantages
Transformational leadership is both a theory and a style of leadership in which a leader employs more specific approaches or mechanisms to build and maintain […]
Transactional Leadership: Advantages and Disadvantages
Transactional leadership is both a theory and a style of leadership that focuses on the supervision and organization of individuals and tasks, as well as […]
Examples of Supply Shifters
A supply curve is a graphical representation of the relationship between the price of a product and the quantity of such product that a producer […]
The Advantages and Disadvantages of Porter’s Five Forces
The Five Forces Framework is an analytical model developed and advocated in 1980 by Harvard professor Michael Porter. It can be used for analyzing the […]
Threat of Substitutes: Impact of Substitute Products
The threat of substitutes is one of the five forces identified by Michael E. Porter and used to evaluate the competitive environment of a particular […]
Understanding AI Strategy: A Definitive Guide
An artificial intelligence strategy or AI strategy is a plan that includes a set of goals and objectives, and actions and guidelines that describes how […]
OpenAI Leadership Crisis: Sam Altman Firing and Reinstatement
What went down inside OpenAI beginning on 17 November 2023 was nothing short of a real-world corporate and political drama that can rival even the […]
Advantages and Disadvantages of Cloud Computing
Cloud computing involves the outsourcing of a network of remote computers and servers from a provider of cloud computing services. It also pertains to the […]