Strategic solutions for cyclical industries to reduce the risks of industrial downturns : Case of the oil service industry in Southern Norway

2017

Master's thesis Business Administration BE501 - University of Agder 2017 Cyclical industries are exposed to unpredictable industrial downturns caused by fluctuations in market conditions. Changing prices for natural resources used for industrial production are among the driving forces that can lead to industrial cyclicality. This was the case of the oil prices decrease three years ago, which led to an industrial downturn in the oil and gas, and consequently, the oil service industries worldwide. A vital industry for many countries, which is unprotected from the industrial cyclicality, the oil service industry has been selected as the case for this research. Due to time and resources limitat…