Strategies for Managing Uncertainty - Booms and Busts in the Energy Industry

Explains how energy industry firms have hedged their bets by using paradoxical strategies to cope with the uncertainty around energy prices and climate change.

List of contents

Introduction: calculated wagers and hedging; Part I. The Problem: 1. Risk and uncertainty in the energy industry; 2. The management of risk and uncertainty; 3. Hedging in the energy industry; 4. Booms and busts in the energy industry; Part II. Challenges in Major Sectors: 5. The oil and natural gas sector; 6. The motor vehicle sector; 7. The electric utility sector; Part III. Oil and Natural Gas Company Strategies: 8. Strategies to try to offset plummeting prices: Exxon Mobil; 9. Strategies to try to offset plummeting prices: BP; 10. Strategies to try to offset plummeting prices: Shell; 11. Strategies to try to offset plummeting prices: Total; Part IV. Motor Vehicle Company Strategies: 12. Strategies to take advantage of plummeting prices: GM; 13. Strategies to take advantage of plummeting prices: Ford; 14. Strategies to take advantage of plummeting prices: VW; 15. Strategies to take advantage of plummeting prices: Toyota; Part V. Conclusion: 16. Oil and gas companies strategic moves 2017-18; 17. Motor vehicles companies strategic moves 2017-18; 18. Ambivalence, paradox, and hedging.

About the author

Alfred A. Marcus is Professor and Edson Spencer Endowed Chair in Strategy and Technological Leadership at the Carlson School of Management, University of Minnesota. He is the author, co-author, or editor of seventeen books, including Innovations in Sustainability: Fuel and Food (Cambridge, 2015), which won the Academy of Management ONE 2016 Outstanding Book Award.

Product details

• Authors: Alfred A. Marcus, Alfred A. (University of Minnesota) Marcus, Marcus Alfred A.
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 31.03.2019
• EAN: 9781107191150
• ISBN: 978-1-107-19115-0
• No. of pages: 564
• Series: Organizations and the Natural Environment; Organizations and the Natural
• Subjects: Guides > Law, job, finance; Natural sciences, medicine, IT, technology > Biology > Ecology; Social sciences, law, business > Business > Management; Sustainability, BUSINESS & ECONOMICS / Entrepreneurship, Business ethics & social responsibility, Business innovation, business strategy, Business & the environment, 'Green' approaches to business, Entrepreneurship / Start-ups