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Provide a 15 pages analysis while answering the following question: The Impact of E-Business on Oil Industry. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstr
Provide a 15 pages analysis while answering the following question: The Impact of E-Business on Oil Industry. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. The developments have critical implications for business entities and any organisation striving for competitiveness, efficiency and sustainability. The import of this research proposed is to explore the dynamics that characterise the implications for e-business organisations in Kuwait’s oil industry business fronts.
The purpose of the study is to explore the impact of e-business on the oil industry in Kuwait. This will be complemented with a probe into adjustments that the organisations have to make in the dimension of Strategic Management Planning for E-Business Information Systems. The study will also zero in on the specifics that characterise challenges faced by oil companies in Kuwait in face of rapid technological advancements.
Oil was discovered in Kuwait in 1938 by the Kuwait Oil Company (KOC) which is a London established joint venture of the Anglo-Persian Oil Company (now BP) and Gulf Oil (now Chevron Corporation. The oil industry in Kuwait has experienced tremendous developments both in upstream as well as in down-stream fronts of the industry. The growth and development thrust of KOC has entailed the running of refining operations with the Mina AL-Ahmadi Refinery since 1949. Kuwait National Petroleum Company (KNPC) was established in 1960 as a joint venture between the state and private sector and started operations at the Shuaiba Refinery in 1968. The Petrochemicals Industries Company (PIC) was founded in 1963. The company was also founded as a government-private entity and began operations in 1964 in fertilizer manufacturing.
Kuwait has been rated as the third biggest computer market in the vibrant Gulf region. The entirety of the size of its local IT expenditure is poised to rise from US$539 million in 2008 to over US$830 million in 2012. The figures presented in the .foregoing imply that Kuwait is one of the fast-growing IT markets in the Gulf zone. This has been largely attributable to the relatively small but high tech-literate and affluent populace.
