Stakeholders' Engagement and Performance Efficiency at Oil and Gas Industry in Yemen

Abstract

Oil and Gas industry in Yemen is considered as the biggest and variable sector. Therefore, the performance efficiency is very important to be attained during all the activities and phases that include searching, drilling, upstream, midstream, and downstream. As a crucial factor, stakeholders’ engagement theories have been emphasized the central role of stakeholders’ engagement to strategic planning efforts in contemporary organizations. This study therefore examined the impact of stakeholders’ engagement on the performance efficiency (time, cost, and quality) at the Yemeni oil and gas industry. The quantitative method was employed and online questionnaire was used as a primary source for collecting data. The sample size was 312, selected from three oil and gas companies; namely; Yemen Liquid Natural Gas Company, Safer Exploration and Production Oil Company and OMV Company. This study targeted managers and non-managers. The results show that stakeholders’ engagement has a significant relationship with the performance efficiency. In addition, stakeholders’ engagement has a significant impact on the performance efficiency. The results suggest the consideration of early stakeholders’ engagement in the planning, development, implementation, controlling and evaluation the performance. Managers should enhance every step regarding the participation of the stakeholders in the decision-making process. In addition, more effective practices will support achieving performance efficiency.

Influence of Stakeholder Engagement on Strategy Implementation in Selected Nigerian Government Agencies

“…The majority of the strategies developed by Nigerian government agencies to support national development goals are not implemented with sufficient efficacy (Ahmed et al, 2020). The process through which a company incorporates individuals and groups interested in its operations, such as partners, employees, local communities, etc., is known as stakeholder engagement (Akpan et al, 2023). As stated by Bwogen and Muthoni (2023), it can also relate to the process of establishing and preserving favorable connections with people, groups, or organizations that have a "stake" or vested interest in a specific project, organization, or effort.…”

“…While extensive research examines stakeholder engagement influence on ethical corporate strategy and responsibility, few have transferred findings to a public sector context. Furthermore, current government plan implementation studies ignore stakeholder participation as a precondition in favor of paying close attention to organizational structure, leadership, and culture (Akpan et al, 2023;Nwobilor et al, 2023). This study therefore assessed stakeholder engagement practices across Nigerian government agencies to determine its influence on strategy implementation effectiveness.…”