Managing Employee Risk in the Petroleum Industry



ACKNOWLEDGEMENT

The researcher tends to identify this as the opportunity to value the efforts of the teachers for cultivating the ideas and formulating the first move in the context of this project. The researcher would take this opportunity to appreciate the hard work and the patience shown by the staff for providing the world class teaching and research facility as this project would have ceased to exist without their due support.

DECLARATION

I …………………substantiate that this research work acquiesced for evaluation is my own and is a construction of my words. Any part of this paper which tends to integrate the works of other authors in any comportment has been properly accredited.

Signed __________________ Date _________________

Table of Contents

ACKNOWLEDGEMENTII

DECLARATIONIII

CHAPTER 1: INTRODUCTION1

Introduction1

Background1

Research Objectives2

Research Question2

Dependent and Independent Variables3

Significance of the Study3

Rationale of Study4

Structure of the Dissertation5

CHAPTER 2: LITERATURE REVIEW7

Introduction7

Risk Management7

Theory of Planned Behaviour12

Resiliency in Organizations14

Organizational Culture18

Organizational Effectiveness23

CHAPTER 3: METHODOLOGY40

Introduction40

Method of Inquiry40

Research Method and Design Appropriateness41

Researcher's Role42

Data Collection Procedures43

Instrument development and validation46

Data Analysis and Interpretation46

Feasibility and Appropriateness49

Informed Consent50

Summary52

CHAPTER 4: FINDINGS53

Process-Focused Risk Management53

Outsourcing Arrangement54

CHAPTER 5: CONCLUSION56

Future research57

Timescale/ Project Plan58

REFERENCES60

CHAPTER 1: INTRODUCTION

Introduction

This section will inoculate the person who reads with the required information in order to understand the jargon of the Research. This chapter tends to focus on the aims and objectives of the research along with the other notions, which helps reader to decipher the functioning of the research.

Background

Addax Petroleum is a subsidiary firm named after an antelope in the Saharan afriaca and she is a member of the SINOPEC group which is the largest oil refiner in Asia, one of the biggest oil and gas manufacturers in China and the third leading group in the world. Addax has its major capital in Geneva (Switzerland) and other branches in Nigeria Cameroon, and other West African countries. Thus for the purpose of this study, research would be based on employee risk management in Addax Petroleum Cameroon (Yukl 2008, pp. 708-722). The debate relating to risk management practices have been in place for quite some time now. The academic debates have inculcated the benefits relating to the topic however, it has now gone beyond the notion of benefits. Despite of the attached advantages, risk management is still an alien concept when it comes to practicing it, even in the multi-faceted organizations.

Previous researches in this regard have highlighted the fact that firms do not appreciate the risk when it comes to outsourcing. Where some experts have rendered great fruits with it, simultaneously it also has some negative connotations attached with it. Some tends to see it as an administrative issue whereas; others portray it as a skill in its own manner. Thus, the organizations may lack the skill requires to perform the task as per the required manner. Plus, the resulting issues have not been inculcated in previous studies to formulate into one frame or theory. Moreover, the fact needs to be kept in mind that if the employees are assured of the security at work, they not only tends to own the work, but ...