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Implications of the energy revolution for the strategic management of companies in the austrian gas sector

Implications of the energy revolution for the strategic management of companies in the austrian gas sector

The international community has committed to taking far-reaching measures to combat global warming. In particular, a fundamental transformation of the energy supply system is considered necessary for achieving the ambitious goals, so that it can function largely without fossil fuels in the long term ("energy transition"). For the companies in the gas sector, which up to now have focused heavily on the fossil energy source of natural gas with their investments and activities, the basic conditions are potentially fundamentally changing in the face of such political / regulatory influences or constraints. Although gas companies could continue to perform essential system tasks in a modified energy supply system in the future, the strategic steering of such an adaptation process poses special challenges for these companies.

Against this background, this cumulative dissertation project is initially dealing with the concrete potential of the Austrian gas sector to support the energy transition from an overall system view and the necessary prerequisites. This macro view is the basis for the subsequent focus on the problem from a company-specific perspective.

In a first step, the effects of the energy transition on the strategies of companies in the gas sector are raised. A typology is used to record the extent to which these institutional influences are reflected at the strategic level or are already operationalized by concrete measures. In a next step, the focus will be on the strategic management of such a complex adjustment process. For this purpose, the resulting adjustment requirements for management control systems of these companies are identified and appropriate recommendations for action derived.
 

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