Global Journal of Commerce & Management Perspective
Open Access

Abstract

An Analysis of the Oil and Gas Industry’s Competitiveness using Porter’s Five Forces Framework

Mohammed A. Hokroh

The purpose of this paper is to analyse the oil and gas industry’s competitiveness using Porter’s Five Forces framework. The paper starts with an overview of the oil and gas industry and proceeds with analysing its competitiveness with implications to new firms that are considering entering into the industry. Then, it discusses strategy literature assumptions about future certainty and approaches to strategic decision making. Finally, it concludes with key points and recommendations.