Final Group Report:Oil & Gas Industry. Business & Marketing Term Paper

Causes of Strategic Challenges
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Causes of Strategic Challenges
The oil and gas sector is faced with many challenges. These problems make it difficult to design an appropriate strategic plan for the success of this industry. In many parts, the government regulations play a major role in the programs designed in these firms. Firms must ensure that their policies are in line with government legislation failure to which may make it difficult for the organization to thrive in this industry. Besides, the oil and gas industry is a risky sector that makes the government monitor their activities. These strategic challenges are caused by several factors.
This industry is faced with stringent standards. The oil and gas industry consumes water and other energy resources in a large proportion (Rodhi, Anwar, & Wiguna, 2017). Therefore, it is subject to stringent standards set in environment conservation. To get a certificate of operation, firms must rethink the methods they use in extracting, pro...