ABSTRACT
This chapter responds to the dearth of literature on the strategic management of oil and gas firms in emerging and developing markets. It argues that because of the complex and constant changing trends from the external environment, strategic management principles which aim to manage the influences from external changes and complexities are a useful prescription for oil and gas firms that desire to be profitable and remain sustainable. The chapter limits itself to the emerging and developing economies because most of the developing economies are new and under-researched geographic contexts that have much to shape existing discourse on the topic. The strategic management process, also known in the field as the strategic management framework, is the key dominant conceptual framework presented, analysed, and applied to the oil and gas sector in developing and emerging economies. Consequently, the implications of the strategic management process on oil and gas firms in emerging markets are discussed.
