Strategic Adaptive Responses to Energy Crises From an Organizational Resilience Perspective

Strategic Adaptive Responses to Energy Crises From an Organizational Resilience Perspective

Copyright: © 2023 |Pages: 26
DOI: 10.4018/979-8-3693-0400-6.ch014
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Abstract

Energy crises have emerged as one of the most pressing and complex global challenges. As the world becomes increasingly interconnected and reliant on energy for its day-to-day operations, the repercussions of these crises are felt across societies, economies, and the natural environment. Disruptions in energy supply, fluctuating prices, and overreliance on finite and non-renewable resources demand urgent and proactive measures. In this context, strategic adaptive responses play a pivotal role in enabling organizations to navigate these challenges successfully and enhance their overall resilience. Effective crisis management constitutes a cornerstone of strategic adaptive responses to energy crises.
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Introduction

Energy is one of the factors that create the driving force in the development of countries. Energy is one of the main production factors. In this context, countries should provide the energy they need cheaply, continuously, with high quality, safe, and “clean”. Countries must diversify their energy resources within the security of energy supply. In this framework, it is necessary to plan not only to provide and produce energy but also to ensure the use of clean energy in an environmentally friendly manner (Flavin & Lenssen, 1994). In a world where energy resources are akin to treasures, the global clamor for energy amplifies its cost, reverberating across borders. Even in domains where energy prices recline, the virtuoso performance of resource efficiency remains a universal anthem, enriching individuals, nations, and the grand tapestry of humanity. Within the realm of energy corporations, the mastery of energy management crafts temporal canvases for capital infusion into nascent power plants and their allied infrastructures, an orchestration conducted for tomorrows yet to dawn (Smith & Parmenter, 2016). The main starting points of energy management can be listed as follows (Shinkawa, 1998).

  • It is the optimum use of energy.

  • It is an organization created to ensure the most efficient use of energy.

  • All of the activities are carried out to effectively use resources in a way that does not harm nature.

  • It is all the work done to use energy to provide optimum benefit at the level of money and efficiency.

  • Measuring and controlling the energy used, minimizing the energy consumption per unit product or action, and assigning a responsible person for this.

  • It is the work of choosing the most economical way while continuing to exist.

  • Fuel + Electricity Saving = Money It is the monitoring of the energy from the beginning to the end, not wasting it, and using it adequately.

  • Measures to be taken for efficient energy use are savings and development and research studies.

  • It is to provide the necessary comfort and comfort for humanity for a longer period.

  • It is the way and method of using money. It is the optimum use of the energy available in nature in line with human needs.

  • Energy = Implementation, development, and continuity of a system to ensure the effective use of money and maximum savings.

  • It is the work done to reduce energy losses and use them correctly. Briefly; It is the work done to prevent unnecessary expenditures and wasted money.

  • Ensuring the efficiency of money is necessary for economic strength. It is the use of money in a business-specific manner for efficient daily life. Measures, savings, etc.

  • It is to use energy in the optimum way, that is, in the most efficient way.

Energy is one of businesses' basic inputs, mainly from fossil fuels such as coal, oil, and natural gas. Energy demand is a phenomenon that is constantly increasing. The techniques used in energy management have a common structure with those required for managing any resource in a company or organization. Monitoring a performance or setting goals is important for the control of expenses and also for the motivation of employees who are related to energy use (Özbakır, 2006). Fluctuations in energy have the potential to be causes of consequences that affect the entire organization.

Key Terms in this Chapter

Strategic Adaptive Responses: These responses include crisis management, diversification of energy sources, collaboration between stakeholders, the development of robust governance frameworks, and investment in technology and cybersecurity measures. By adopting strategic adaptive responses, organizations can increase their resilience, ensure continuity of energy supply, and contribute to a more sustainable and secure energy future.

Energy Crises: Energy crises are turbulences that deeply affect organizations and have devastating consequences. Energy crises are emergencies that result from insufficient energy resources due to interruptions in energy supply or the continuous increase in energy demand. Energy crises are situations that negatively affect economic activities, cause energy cuts and increase energy prices

Strategic Management: Strategic management aligns organizations with their environment and enables adaptive responses to uncertainties instead of reactive responses from the past. The strategic management perspective against today's energy crises can offer unique opportunities to differentiate from other organizations and create competitive advantage.

Organizational Resilience: Organizational resilience refers to the ability to respond and adapt to turbulent situations, unexpected crises, and shocks.

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