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Basak Beyazay - The Nature of the Firm in the Oil Industry: International Oil Companies in Global Business

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Basak Beyazay The Nature of the Firm in the Oil Industry: International Oil Companies in Global Business
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The Nature of the Firm in the Oil Industry: International Oil Companies in Global Business: summary, description and annotation

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Firm-to-firm relationships, along with the overall structure of industry, have changed markedly over the past decades. Replacing the model of vertical integration with one of global business, firms have started to outsource more by using a wider global network. At the same time, they have begun to increase their control and coordination along the value chain to remain competitive, blurring the boundaries between companies. Understanding the nature of the firm and its role in coordinating the supply chain will help firms to better define global competitive strategies.. The challenges that lie ahead for global business render obsolete the traditional model of procuring each service without long-term supply chain management. Current trends suggest that in the future there will be even deeper supply chain integration in most industries.

The Nature of the Firm in the Oil Industry aims to facilitate the understanding of the firm via the analysis of the specific relationship between international oil companies, which are among the worlds biggest firms and which act as core system integrators, and the oil services companies, which help to find, extract, produce and distribute oil along the petroleum industry supply chain. This relationship serves as an example of deep integration by core system integrators and provides insights into the change in the nature of the firm in the era of modern globalization. Aimed at researchers and academics, The Nature of the Firm in the Oil Industry offers a thorough examination of this relationship in an effort to shed light on the nature of the firm, both in the oil industry and in global business today. It is a humble attempt to better understand the firm in a crucial industry.

Basak Beyazay: author's other books


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The Nature of the Firm in the Oil Industry There is an abundance of theorising - photo 1
The Nature of the Firm in the Oil Industry

There is an abundance of theorising about global value chains, but painfully little in-depth analysis of real world examples. Dr. Beyazay has undertaken a unique, path breaking study of the value chain of the oil and gas industry. It provides a remarkable insight into the relationship between the oil majors and their key suppliers in the upper reaches of the value chain. It deserves to be widely read by scholars, business practitioners and policy-makers.

Professor Peter Nolan, Director of the Centre of Development Studies, University of Cambridge

The functioning of the global oil industry hinges on the relationships between different types of firms, and especially between oil services companies and the private or state-owned oil companies that hire them. This book offers a rigorous and current analysis of these relationships and how they are evolving over time. I highly recommend it to anyone interested in how todays oil industry actually works.

Mark Thurber, coeditor and contributor to Oil and Governance; research scholar at Stanford University

Firm-to-firm relationships, along with the overall structure of industries, have changed markedly over the past decades. Replacing the model of vertical integration with one of global business, firms have started to outsource more by using a wider global network. At the same time, they have begun to increase their control and coordination along the value chain to remain competitive, blurring the boundaries between companies. Understanding the changing nature of the firm and its role in coordinating the supply chain will help firms to better define global competitive strategies.

The Nature of the Firm in the Oil Industry aims to facilitate the understanding of the firm in the oil industry via the analysis of the specific relationship between international oil companies, which are among the worlds biggest firms and which act as core system integrators, and the oil services companies, which help to find, extract, produce and distribute oil along the petroleum industry supply chain. This relationship serves as an example of deep integration by core system integrators and provides insights into the change in the nature of the firm in the era of modern globalization. Aimed at researchers and academics, The Nature of the Firm in the Oil Industry offers a thorough examination of this relationship to shed light on the nature of the firm, both in the oil industry and in global business today. It is a humble attempt to better understand the firm in a crucial industry.

Basak Beyazay-Odemis received her PhD and her MPhil degree at the University of Cambridge in the Centre of Development Studies. Prior to her studies in Cambridge, she obtained a double diploma of ENA (Promotion Copernic) and a Master in Public Administration at the Ecole Nationale dAdministration (ENA) in France, and a BA in the Francophone Department of Political & Administrative Sciences of Marmara University in Turkey. Her principal areas of research include energy markets, international oil companies, the oil industry and the economies and policies of developing countries, including her native country, Turkey. She currently works as an energy trader at an international oil and gas company in London.

Routledge Studies in International Business and the World Economy

For a full list of titles in this series, please visit www.routledge.com

34Governing Interests

Business associations facing internationalization

Edited by Wolfgang Streeck, Jrgen Grote, Volker Schneider and Jelle Visser

35Infrastructure Development in the Pacific Region

Edited by Akira Kohsaka

36Big Business and Economic Development

Conglomerates and economic groups in developing countries and transition economies under globalisation

Edited by Alex E. Fernndez Jilberto and Barbara Hogenboom

37International Business Geography

Case studies of corporate firms

Edited by Piet Pellenbarg and Egbert Wever

38The World Bank and Global Managerialism

Jonathan Murphy

39Contemporary Corporate Strategy

Global perspectives

Edited by John Saee

40Trade, Globalization and Poverty

Edited by Elias Dinopoulos, Pravin Krishna, Arvind Panagariya and Kar-yiu Wong

41International Management and Language

Susanne Tietze

42Space, Oil and Capital

Mazen Labban

43Petroleum Taxation

Sharing the oil wealth: a study of petroleum taxation yesterday, today and tomorrow

Carole Nakhle

44International Trade Theory

A critical review

Murray C. Kemp

45The Political Economy of Oil and Gas in Africa

The case of Nigeria

Soala Ariweriokuma

46Successfully Doing Business/Marketing in Eastern Europe

Edited by V.H. Manek Kirpalani, Lechoslaw Gabarski and Erdener Kaynak

47Marketing in Developing Countries: Nigerian Advertising and Mass Media

Emmanuel C. Alozie

48Business and Management Environment in Saudi Arabia: Challenges and Opportunities for multinational corporations

Abbas J. Ali

49International Growth of Small and Medium Enterprises

Edited by Niina Nummela

50Multinational Enterprises and Innovation

Regional Learning in Networks

Martin Heidenreich, Christoph Barmeyer, Knut Koschatzky, Jannika Mattes, Elisabeth Baier, and Katharina Krth

51Globalisation and Advertising in Emerging Economies

Brazil, Russia, India and China

Lynne Ciochetto

52Corporate Social Responsibility and Global Labor Standards

Firms and activists in the making of private regulation

Luc Fransen

53Corporations, Global Governance and Post-Conflict Reconstruction

Peter Davis

54Self-Initiated Expatriation

Individual, organizational, and national perspectives

Edited by Maike Andresen, Akram Al Ariss and Matthias Walther

55Marketing Management in Asia

Edited by Stan Paliwoda, Tim Andrews and Junsong Chen

56Retailing in Emerging Markets

A policy and strategy perspective

Edited by Malobi Mukherjee, Richard Cuthbertson and Elizabeth Howard

57Global Strategies in Retailing

Asian and European experiences

Edited by John Dawson and Masao Mukoyama

58Emerging Business Ventures under Market Socialism

Entrepreneurship in China

Ping Zheng and Richard Scase

59The Globalization of Executive Search

Professional Services Strategy and Dynamics in the Contemporary World

Jonathan V. Beaverstock, James R. Faulconbridge and Sarah J.E. Hall

60Born Globals, Networks and the Large Multinational Enterprise

Insights from Bangalore and beyond

Shameen Prashantham

61Big Business and Brazils Economic Reforms

Luiz F. Kormann

62The Nature of the Firm in the Oil Industry

International Oil Companies in Global Business

Basak Beyazay-Odemis

The Nature of the Firm in the Oil Industry
International Oil Companies in Global Business
Basak Beyazay-Odemis

First published 2016 by Routledge 711 Third Avenue New York NY 10017 and by - photo 2

First published 2016
by Routledge
711 Third Avenue, New York, NY 10017

and by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN

Routledge is an imprint of the Taylor & Francis Group, an informa business

2016 Taylor & Francis

The right of Basak Beyazay-Odemis to be identified as author of this work has been asserted by her in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.

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