EMTH6013 Emerging Themes Spring

Running head: EMERGING THEMES
Emerging Themes
Name of the Student
Name of the University
Author Note

1 EMERGING THEMES
Table of Contents
1. Introduction......................................................................................................................2
2. Findings and Analysis......................................................................................................2
2.1. Task 1: Impact of the emerging themes....................................................................2
2.1.1. Society...............................................................................................................3
2.1.2. Work Environment............................................................................................4
2.1.3. Technology........................................................................................................5
2.1.4. Industry and Market...........................................................................................7
2.2. Task 2: Effect of Emerging Themes on Strategic Decision Making........................8
2.3. Task 3: Recommendations......................................................................................10
Conclusion.........................................................................................................................12
References..........................................................................................................................13

2 EMERGING THEMES
1. Introduction
The oil and gas companies are facing major challenges in the recent years as identified by
Primeast. The purpose of the report is to evaluate the challenges faced by the oil and gas
companies and to relate it to the four pillars of emerging themes which are society, work
environment, technology and industry and market. For this assignment, a case study by Primeast
has been chosen that provides the necessary details about the top five challenges faced by oil and
gas companies. The top five challenges that the oil and gas sector is currently facing includes the
problem of 3D effect, handling the government pressure of introducing carbon reduction targets,
attracting investments, improving the safety standards and adapting to change (Primeast 2018).
In this report, the emerging themes associated with the chosen case study will be evaluated in
order to identify the ways in which the identified themes can affect the existing organizational
policies (Marcel 2016). The futuristic impacts of emerging theme are discussed in the following
paragraphs.
2. Findings and Analysis
The aim of this report is to analyse and outline the different ways through which certain
emerging themes might impact the current business strategies in the oil and gas sector. In this
section of the report, critical evaluation of the case study is undertaken in order examine the
appropriateness of the existing organizational policies and procedures. In order to evaluate the
impact of emerging themes in oil and gas companies, the case study is analysed on basis of four
pillars of emerging themes are focused on, which are society, work environment, technology,
industry and market.
2.1. Task 1: Impact of the emerging themes

3 EMERGING THEMES
2.1.1. Society
One of the main pillars of emerging theme is Society. The society involves the people and
the current trends affecting the people. Thus, society is one of the major pillars of emerging
theme. “Society” deals with demographic changes and social trend shifts. The articles analyses
the demographic changes and the social trends. The demographic trend that is identified from is
a direct effect of the emerging theme. Demographic trend can be defined as the statistics of
human population. The article by Primeast identifies the demographic trends affecting the oil and
gas industry leading to the emerging theme of use of modern technology. The high demand of oil
due to increase in population worldwide considerably affects the process of oil production. The
existing oil sources tend to dry up leading to the search for new sources (Shuen, Feiler and Teece
2014). The search and new sources and extraction of crude oil from those sources need the
involvement of technology. The industry need to redesign their business strategies extraction of
oil from those sources is possible. In this context, industrial revolution can be discussed which
includes use of modern tools and automation. Industrial revolution furthermore, has resulted in
systematisation of different processes that seeks to improve the efficiency and performance (El-
Diasty and Ragab 2013).
In this context, the changes in social trends are needed to be analysed as well. From the
article, it is identified that there have been a shift in management of the organizational policies
and procedures associated with the social trends (Howard and Probert 2014). The social trend
that is identified from the case study includes increase in the number of consumers of oil and
goods over the years. In order to deal with the social trend, it is needed to bring about
technological innovation for better management of the organizational policies and procedures as
the existing organizational policies and procedures need a shift. This can be achieved by