The Legal Policy In The Gas And Oil Industry Essay

The Legal Policy In The Gas And Oil Industry - Essay Example All these forms of contract are been utilized for accomplishing the same purpose i.e. promoting the economic growth of oil and gas production and extraction with sustainable environmental effect. Especially mentioning, the above-stated contract agreements possess own advantages along with disadvantages. Malaysian oil and gas industry plays a key part in developing the economy of the nation through contributing 40% in the national revenues. The major issues that arise during the selection of contract in this regard include the share of the distribution of profit between the government and companies participating in the contractual agreement and the cost structure that the involved parties need to be accepted. It will be vital to mention that oil and gas industry plays a vital part in boosting the overall growth of the nations in the international scenario. Thus, the proper selection of a specific contractual agreement will not only assist the respective governments of the nations to e radicate the issues but also impact the overall growth of the economy at large. Besides, the prior reason for undertaking an effective contractual agreement in the oil and gas industry between countries and international oil companies is to utilize the reserves in an appropriate manner2. However, at certain times, the selected approach of the contract becomes complicated, which significantly leads towards rising disputes between the involved parties. Moreover, contractors need to follow varied industrial norms, environmental laws, international and comparative policies of different international environmental agencies. By taking into concern the international scenario, it can be inferred that the notion of sharing production and operational activities of oil and gas amongst states and companies by forming an efficient commercial enterprise was significantly developed during  the 1950s in Bolivia.

Knowledge Managemenet Essay Example | Topics and Well Written Essays - 1250 words

Knowledge Managemenet - Essay Example The essay will further analyse the function and role of learning organisation. Further, the cases of various real-life learning organisation would be discussed along with the probable challenges, so as to recommend how an organisation can transform into a learning organisation. Peter Senge and his fifth disciple for learning organisations The concept of learning organisation has been coined by Peter Senge and his associates. It assist organisation to shift towards an interconnected mode of thinking. According to this concept, the organisations should be like communities, towards which employees are committed. There should be a drive to work harder and achieve recognition within the employees. Organisation cannot be drastically restructured into learning organisations, but it is the changes in policies that bring about a gradual transformation (Senge, 1990). Peter Senge has stated in an interview that in learning organisations people work in group to attain group goals and enhance the capabilities of the organisation. He popularised this concept through his book called The Fifth Disciple (Infed., 2013a, 2013b). Figure 1: The Fifth Discipline Source: (Author’s Creation) There are certain characteristics that a learning organisation must possess. Firstly, system thinking must exist in an organisation. This framework assists employees to understand businesses as bounded objects. System thinking encourages every characteristics or information in an organisation to be apparent, so that goals can be achieved transparently. Secondly, personal mastery that is the commitment of individuals towards their work is important. Staff training Individual learning and development is a competitive advantage for the firm. Thirdly, the mental modes, which are the assumption of the individuals, decide what perception the employees have for the organisation (Senge, 1990). Fourthly, there must be shared vision in the organisation to motivate the employees for attaining group go als. Last but not the least, an environment of team learning is necessary that will increase the capacity to solve problems faster in an organisation (Infed., 2013a, 2013b). Challenges to Transform into a Learning Organisation It has been stated in the book called The Dance of Change that there are various reasons as to why an organisation might face trouble in transforming into a learning organisation. The first issue might be that the organisation lacks enough time. The management and the employees in the organisation have other significant issues to ponder over than trying to bring about a change in the organisational culture. It might happen that the employees or teams cannot spare time for training and change management process within the organisation (Senge et. al., 1999). The organisation might not be having appropriate expertise workforce to transform the work place into a learning organisation (Senge, 1990). In such case an appropriate solution, mentors and training program mes are required. Time is the most significant element that is required because a comprehensive discussion on the actual issues should be done, problems should be discussed and training programmes should be linked in order to make the transformation process easier. However, challenges like convincing older employees for training and learning processes and co-ordinating human resource, operations and resources give rise to