Understanding the Impact of Strategic Change Management on the Maritime Crude Oil Transportation Industry in Nigeria

Article


Aluko, A. O. and Odularu, G. O. A. 2019. Understanding the Impact of Strategic Change Management on the Maritime Crude Oil Transportation Industry in Nigeria. The Review of Black Political Economy. 46 (2), pp. 130-151.
AuthorsAluko, A. O. and Odularu, G. O. A.
Abstract

Maritime transportation plays a strategically crucial role in the diversification of the Nigerian economy due to its trade (exports and imports) facilitation role in enhancing value chain competitiveness. Thus, this article investigates the role of strategic change management (SCM) on the Nigerian Maritime Crude Oil Transportation Industry (MCOTI) within the context of Sustainable Development Goals (SDGs). Furthermore, the study finds that both managers and end users think a “radical change” rather than a “gradual change” is needed in the MCOTI in Nigeria. However, both managers and end users gave significantly different reasons for a radical change in the industry. For example, most managers argued that government intervention through deregulation, increased investment in technology, and trade facilitation infrastructural development are critical for the survival, restructuring, repositioning, expansion, and growth of the industry (in terms of ship registry and number of cabotage vessels in Nigerian coastal waters), whereas end users focused on product pricing and availability as well as increased opportunities for the vulnerable and economically disadvantaged.

JournalThe Review of Black Political Economy
Journal citation46 (2), pp. 130-151
ISSN0034-6446
Year2019
PublisherSAGE Publications for National Economic Association
Accepted author manuscript
License
File Access Level
Anyone
Digital Object Identifier (DOI)doi:10.1177/0034644619850182
Web address (URL)https://doi.org/10.1177/0034644619850182
Publication dates
Online21 May 2019
Publication process dates
Accepted11 May 2019
Deposited17 Jun 2019
Copyright holder© 2019 The Authors.
Copyright informationAluko, A., Odularu, G. O. A., Understanding the Impact of Strategic Change Management on the Maritime Crude Oil Transportation Industry in Nigeria, The Review of Black Political Economy, 46 (2) pp. 130-151. DOI: 10.1177/0034644619850182.
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