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identify and discuss four trends and drivers associated with strategic management in developing Malaysia to be...

identify and discuss four trends and drivers associated with strategic management in developing Malaysia to be sustainable and competitive in OIL & GAS INDUSTRY sector.


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Answer #1

Malaysia is a multiethnic,upper middle country.these income are mainly from natural resources implementing industries like oil and gas industries etc.

Four trends that drive the strategies of development of malaysia:

A) DIGITIAL ECONOMY:

Government of malaysia fixes a target of 21% GDP in 2022.financial institution,media,retail industries are the most leading industries in malaysia that are maily focusing in digital transforming and to make the overall strategies of malaysia.

B)Digital Native IT:

Government mainly focusing on IT field recently they fixes a target of 70% by 2030 on overall spending on 3rd platform etc

C)Digital innovative explosion:

Targets from 2018 to 2023 with new tool platform and then more developer in innovating things etc.

Recently budget focuses on industry 4.0 blue print"Industry 4WRD" titled rapidly adopted third platform technology.

D)consolidation vs multi cloud:

This targeted on 2020 the top four clouds "mega platform"will host.

Government and IT sectors are the major players in setting the right target on development of talends and innovating new things and so to make a growth in digital economy of malasia.

Competitive sector-oil and gas industry

▪first oil well was drilled in miri, sarawek

▪after malaysia independence, the oil and gas industries was governed by pertroleum minning act 1966(Act 95).

▪malaysian government idenetified the value of having national control over oil and gas development.

▪petroleum development act 1974 enacted and Malaysia national oil companies petroleum was formed.

▪New act gives the ownership rights in exclusive to the oil and gas resources in malaysia.

▪malaysia has become a key hub for major oil and gas companies over 400 companies (oil and gas)

▪it becomes second largest reseves in ASEAN

▪malaysia is the 3 largest exporter of liquified natural gas.

Thats why oil and gas industry is known as competitive sector in malaysia.

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