The Effect of Strategic Management on Crisis Management in the Oil and Gas Sector in Libya
DOI:
https://doi.org/10.54536/ajebi.v3i3.3591Keywords:
Crisis Management, Oil and Gas Sector in Libya, Strategic ManagementAbstract
This study investigates the impact of strategic management on crisis management within Libya’s Oil and Gas sector. Using a cross-sectional survey method, a quantitative approach to gather data from 354 employees at Akakus Oil Operations in Libya. The survey targeted individuals in strategic and managerial roles, and employees in the security and safety, planning, follow-up and control, and engineering departments. Structural Equation Modeling (SEM) was used for data analysis. The findings indicate a significant and positive relationship between strategic management and effective crisis management in the Oil and Gas sector in Libya. The study highlights the crucial role of strategic management in navigating and overcoming crises. Practical implications, limitations, and suggestions for future research are also discussed.
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Copyright (c) 2024 Abdulhakim Y. A. Belkhir, Khairi A. R. Masaud
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