BRADFORD SCHOLARS

    • Sign in
    View Item 
    •   Bradford Scholars
    • University of Bradford eTheses
    • Theses
    • View Item
    •   Bradford Scholars
    • University of Bradford eTheses
    • Theses
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

    All of Bradford ScholarsCommunitiesAuthorsTitlesSubjectsPublication DateThis CollectionAuthorsTitlesSubjectsPublication Date

    My Account

    Sign in

    HELP

    Bradford Scholars FAQsCopyright Fact SheetPolicies Fact SheetDeposit Terms and ConditionsDigital Preservation Policy

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Corporate strategy in forward integration of an oil company. A study of the implications of an oil company's diversification into the petrochemical business and the design of appropriate corporate strategies for its achievement.

    • CSV
    • RefMan
    • EndNote
    • BibTex
    • RefWorks
    Thumbnail
    View/Open
    Ansari-Sereshki.pdf (10.04Mb)
    Download
    Publication date
    2010-02-15T15:36:03Z
    Author
    Ansari-Sereshki, Rokneddin
    Supervisor
    Coyle, R.G.
    Keyword
    Oil companies
    Petrochemical industry
    System dynamics model
    Corporate strategy
    Financial management
    Rights
    Creative Commons License
    The University of Bradford theses are licenced under a Creative Commons Licence.
    Institution
    University of Bradford
    Department
    Management Centre
    Awarded
    1980
    
    Metadata
    Show full item record
    Abstract
    The aim of this thesis is to explore the diversification of a major oil company into the. petrochemical business and then through thorough analysis to recommend the appropriate corporate strategies to be followed by the petrochemical subsidiary of such a company in the 1980's and the 1990's. The petrochemical industry has undergone great changes during the last decade. In the early 1970's it entered a new era of maturity, however due to the misplannings of the late 1960's extending to the early 1970's the industry was suddenly faced with significant overcapacity which has persisted to the present date and is expected to last well into the 1980's. The 1974 oil crisis caused a further decline in the growth of demand, hence exacerbating the situation. During the seventies the industry has had to operate under increasing material prices, unlike the past, which when coupled with the problem of overcapacity and the resulting deterioration of prices, has caused considerable decline in the financial ability of the companies to finance their capital expenditure programmes through internal cash generation (which was the case in the industry's 'golden era'). This situation is threatening the long term viability and survival of the petrochemical businesses. A System Dynamics model for a hypothetical petrochemical subsidiary of a major oil company has been constructed which embodies all the policies inherent in such a system. The dynamic behaviour of the model closely resembles that expected from the real system such as the declining financial ability, which is mostly due to the inflationary conditions. Through thorough analysis, the impact of varying inflation level on the performance of the system was explored, and the need for adopting suitable accounting policies which would take account of the replacement costs of assets, during periods of high inflation, was proposed. The adoption of a number of policies led to a certain degree of improvement in the financial performance of the system, and these are recommended concerning the corporate strategy of the company for the next two decades. Finally it was discovered that due to the low level of growth of demand (compared to the past), the large economic sizes of the petrochemical plants and the market share consensus, the companies will have to go into joint ventures in the future.
    URI
    http://hdl.handle.net/10454/4231
    Type
    Thesis
    Qualification name
    PhD
    Collections
    Theses

    entitlement

     
    DSpace software (copyright © 2002 - 2023)  DuraSpace
    Quick Guide | Contact Us
    Open Repository is a service operated by 
    Atmire NV
     

    Export search results

    The export option will allow you to export the current search results of the entered query to a file. Different formats are available for download. To export the items, click on the button corresponding with the preferred download format.

    By default, clicking on the export buttons will result in a download of the allowed maximum amount of items.

    To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export. The amount of items that can be exported at once is similarly restricted as the full export.

    After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.