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Potential knowledge process outsourcing of Egyptian oil and gas engineering services industry

Potential knowledge process outsourcing of Egyptian oil and gas engineering services industry We live today in a knowledge-based economy where information and its interpretation are the keys to coping with an ever-changing market conditions. However, for knowledge to be acquired efficiently, it needs using the least resources with the lowest costs incurred and in the least time possible. This is when entities came into the realisation of outsourcing where companies outsource sophisticated functions and operations to a third party to be able to acquire knowledge in the fastest and least costly way possible. Today, knowledge process outsourcing (KPO) is a fast growing market and as the business process outsourcing (BPO) is being introduced to Egypt, the next step for Egypt is to make the transition to KPO. However, Egypt’s potential of being a KPO hub where a whole industry can be formed, enhancing economic performance and creating jobs is under-researched. This research aims to determine the main factors that would affect Egypt’s eligibility of being a KPO vendor in the oil and gas engineering services. A survey was administered on a sample of engineers working in major oil and gas companies in Egypt. Among five tested factors, results showed that the number one factor affecting Egypt’s KPO potential in this sector is its business environment followed by the cost advantages. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Knowledge-Based Development Inderscience Publishers

Potential knowledge process outsourcing of Egyptian oil and gas engineering services industry

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
2040-4468
eISSN
2040-4476
DOI
10.1504/IJKBD.2013.058525
Publisher site
See Article on Publisher Site

Abstract

We live today in a knowledge-based economy where information and its interpretation are the keys to coping with an ever-changing market conditions. However, for knowledge to be acquired efficiently, it needs using the least resources with the lowest costs incurred and in the least time possible. This is when entities came into the realisation of outsourcing where companies outsource sophisticated functions and operations to a third party to be able to acquire knowledge in the fastest and least costly way possible. Today, knowledge process outsourcing (KPO) is a fast growing market and as the business process outsourcing (BPO) is being introduced to Egypt, the next step for Egypt is to make the transition to KPO. However, Egypt’s potential of being a KPO hub where a whole industry can be formed, enhancing economic performance and creating jobs is under-researched. This research aims to determine the main factors that would affect Egypt’s eligibility of being a KPO vendor in the oil and gas engineering services. A survey was administered on a sample of engineers working in major oil and gas companies in Egypt. Among five tested factors, results showed that the number one factor affecting Egypt’s KPO potential in this sector is its business environment followed by the cost advantages.

Journal

International Journal of Knowledge-Based DevelopmentInderscience Publishers

Published: Jan 1, 2013

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