| Author | Nguyen Xuan Cuong |
| Note | A final research submitted in partial fulfillment of the requirements for the degree of
Executive Master of Business Administration, School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | This paper studies the role of the local crew working on the rigs of PetroVietnam Drilling
and Well Services (PV Drilling) in Vietnam in enhancing the Company competitive
advantage in domestic drilling market. The study focuses on analyzing different factors
both internally and externally to enlighten the role and feasibility of the local crew
development towards optimizing the operating cost and improving the competitive
advantage of the Company.
The analysis concentrates on eleven factors which are considered to have the most impact
and required thorough study in order to implement such development strategy for the
company. The results show that such factors as population and employment, labor supply
and demand, globalization of labor force, diversity of services, minimum wage, inflation,
laws and regulations, labor and cost structure and company management systems do
affect such strategy in local crew development and consequently, the company
competitive advantage resulted from such strategy.
Based on the findings and analysis on the factors, it is recommended that the Company
should focus on developing its local employees as replacement for the international
employees in order to improve the competitive advantage. This is recommended to be
done by building a system on the job training program, developing a more competitive
compensation and benefit system, strengthening the links between subsidiaries and
improving the recruitment policy. The study also suggests further research on some of the
aspects which this study has not covered. |
| Year | 2012 |
| Type | Research Report |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (Executive)-(EMBA) (Publication code = ESM) |
| Chairperson(s) | Winai Wongsurawat; |
| Examination Committee(s) | Huynh Trung Luong;Zimmermann, Willi; |
| Scholarship Donor(s) | Petrovietnam Group; |