Development of a methodology for assessing innovation activities for management purposes for oil and gas companies
DOI:
https://doi.org/10.15587/1729-4061.2024.315953Keywords:
oil and gas companies, innovation activity, investments, human resources, patent activity, R&DAbstract
The study focuses on the innovation activity of oil and gas companies, solving the problem of evaluating this activity and presenting the results:
– the author's methodology for assessing the innovation activity of oil and gas companies has been developed, the results of which allow to fix the development point in the range of [0–0.5) – “Inert”), [0.5–0.7) – “Developing” and more than 0.7 – “Active”. For each range, management strategies for the future are recommended;
– the 5 oil and gas companies were evaluated according to three criteria. In the group of indicators “Investments” the best result is Total (0.95), in the group of indicators “Human resources” all companies showed a high result, on patent activity the European companies have a high result (0.81–0.83). Kazakhstan organizations, having more than sufficient human resources in the R&D sector, are not financed at a competitive level, which leads to a low level of patent activity of companies;
– according to the result of the innovation activity assessment, the companies were distributed as follows: “Inert” – TCO (0.43) and KPO (0.32), “Developing” – Shell and ENI (0.68), “Active” – Total (0.81).
The results suggest that the calculated method for determining indicators can be used to assess the innovation activity of oil and gas companies, considering the production factor.
The results highlight the development of a methodology for assessing the innovation activity of oil and gas companies based on three main criteria, aimed at improving management.
The methodology can be used by oil and gas companies and government agencies interested in industry development
References
- Ansoff, H. I. (1979). Strategic Management. Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-02971-6 6
- UNIDO strengthens global collaboration at ISO Annual Meeting 2024. Available at: https://www.unido.org/news/unido-strengthens-global-collaboration-iso-annual-meeting-2024
- Gruenhagen, J. H., Parker, R. (2020). Factors driving or impeding the diffusion and adoption of innovation in mining: A systematic review of the literature. Resources Policy, 65, 101540. https://doi.org/10.1016/j.resourpol.2019.101540
- Drucker, P. F. (1964). Managing for Results: Economic Tasks and Risk-Taking Decisions. London: Heinemann. Available at: https://archive.org/details/managingforresul0000druc_f0p5
- Yang, H. (2023). Resource Integration and Synergistic Innovation Effect of Innovative Enterprises. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.4454176
- Taques, F. H., López, M. G., Basso, L. F., Areal, N. (2021). Indicators used to measure service innovation and manufacturing innovation. Journal of Innovation & Knowledge, 6 (1), 11–26. https://doi.org/10.1016/j.jik.2019.12.001
- Islam, M. M., Hossain, M. M. (Eds.) (2020). Science and Technology Innovation for a Sustainable Economy. Springer International Publishing. https://doi.org/10.1007/978-3-030-47166-8
- Yaghmaei, E., van de Poel, I. (2020). Assessment of Responsible Innovation. Routledge. https://doi.org/10.4324/9780429298998
- Scaliza, J. A. A., Jugend, D., Chiappetta Jabbour, C. J., Latan, H., Armellini, F., Twigg, D., Andrade, D. F. (2022). Relationships among organizational culture, open innovation, innovative ecosystems, and performance of firms: Evidence from an emerging economy context. Journal of Business Research, 140, 264–279. https://doi.org/10.1016/j.jbusres.2021.10.065
- Grabowska, S., Saniuk, S. (2022). Assessment of the Competitiveness and Effectiveness of an Open Business Model in the Industry 4.0 Environment. Journal of Open Innovation: Technology, Market, and Complexity, 8 (1), 57. https://doi.org/10.3390/joitmc8010057
- Bai, C., Dallasega, P., Orzes, G., Sarkis, J. (2020). Industry 4.0 technologies assessment: A sustainability perspective. International Journal of Production Economics, 229, 107776. https://doi.org/10.1016/j.ijpe.2020.107776
- Schot, J. W. (1992). Constructive Technology Assessment and Technology Dynamics: The Case of Clean Technologies. Science, Technology, & Human Values, 17 (1), 36–56. https://doi.org/10.1177/016224399201700103
- Zhdaneev, O. V., Ovsyannikov, I. R. (2024). Influence of External Factors on Innovation Activity of Fuel and Energy Companies. Studies on Russian Economic Development, 35 (2), 208–214. https://doi.org/10.1134/s1075700724020175
- Urazbayev, N., Nurmaganbetova, B., Nauryzbaev, A., Aidosova, B., Alibekova, A. (2023). Financial evaluation and prediction of the efficiency of investments in “green” technologies for oil and gas companies in Kazakhstan. The Bulletin, 4 (404), 573–591. https://doi.org/10.32014/2023.2518-1467.570
- Sánchez, F., Hartlieb, P. (2020). Innovation in the Mining Industry: Technological Trends and a Case Study of the Challenges of Disruptive Innovation. Mining, Metallurgy & Exploration, 37 (5), 1385–1399. https://doi.org/10.1007/s42461-020-00262-1
- Badiru, A. B., Tourangeau, M. L., Badiru, A. B. (2023). Leadership Matters. CRC Press. https://doi.org/10.1201/9781003311348
- Horal, L., Konkolnyak, M. (2021). Process-spatial management of enterprises innovative activities. Adaptive Management: Theory and Practice. Series Economics, 12 (24). https://doi.org/10.33296/2707-0654-12(24)-13
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Diana Aitimova, Gulnaz Alibekova, Serik Serikbayev, Aigul Shadiyeva, Nurgul Yesmagulova, Karlygash Kamali, Nurkhat Ibadildin, Saule Primbetova
This work is licensed under a Creative Commons Attribution 4.0 International License.
The consolidation and conditions for the transfer of copyright (identification of authorship) is carried out in the License Agreement. In particular, the authors reserve the right to the authorship of their manuscript and transfer the first publication of this work to the journal under the terms of the Creative Commons CC BY license. At the same time, they have the right to conclude on their own additional agreements concerning the non-exclusive distribution of the work in the form in which it was published by this journal, but provided that the link to the first publication of the article in this journal is preserved.
A license agreement is a document in which the author warrants that he/she owns all copyright for the work (manuscript, article, etc.).
The authors, signing the License Agreement with TECHNOLOGY CENTER PC, have all rights to the further use of their work, provided that they link to our edition in which the work was published.
According to the terms of the License Agreement, the Publisher TECHNOLOGY CENTER PC does not take away your copyrights and receives permission from the authors to use and dissemination of the publication through the world's scientific resources (own electronic resources, scientometric databases, repositories, libraries, etc.).
In the absence of a signed License Agreement or in the absence of this agreement of identifiers allowing to identify the identity of the author, the editors have no right to work with the manuscript.
It is important to remember that there is another type of agreement between authors and publishers – when copyright is transferred from the authors to the publisher. In this case, the authors lose ownership of their work and may not use it in any way.