PreprintArticleVersion 1Preserved in Portico This version is not peer-reviewed
Developing a Business Maturity Framework (BMF) for As-sessing the Business Maturity and Improving the Organization Management in the Oil and Gas Industry
Version 1
: Received: 14 September 2023 / Approved: 15 September 2023 / Online: 15 September 2023 (05:01:31 CEST)
How to cite:
Panduru, D.A.; Scarlat, C.; Ioanid, A. Developing a Business Maturity Framework (BMF) for As-sessing the Business Maturity and Improving the Organization Management in the Oil and Gas Industry. Preprints2023, 2023091043. https://doi.org/10.20944/preprints202309.1043.v1
Panduru, D.A.; Scarlat, C.; Ioanid, A. Developing a Business Maturity Framework (BMF) for As-sessing the Business Maturity and Improving the Organization Management in the Oil and Gas Industry. Preprints 2023, 2023091043. https://doi.org/10.20944/preprints202309.1043.v1
Panduru, D.A.; Scarlat, C.; Ioanid, A. Developing a Business Maturity Framework (BMF) for As-sessing the Business Maturity and Improving the Organization Management in the Oil and Gas Industry. Preprints2023, 2023091043. https://doi.org/10.20944/preprints202309.1043.v1
APA Style
Panduru, D.A., Scarlat, C., & Ioanid, A. (2023). Developing a Business Maturity Framework (BMF) for As-sessing the Business Maturity and Improving the Organization Management in the Oil and Gas Industry. Preprints. https://doi.org/10.20944/preprints202309.1043.v1
Chicago/Turabian Style
Panduru, D.A., Cezar Scarlat and Alexandra Ioanid. 2023 "Developing a Business Maturity Framework (BMF) for As-sessing the Business Maturity and Improving the Organization Management in the Oil and Gas Industry" Preprints. https://doi.org/10.20944/preprints202309.1043.v1
Abstract
This paper examines the use of business maturity models as a tool for achieving business maturity and improving organizational performance in a rapidly changing business environment. Specifi-cally, the paper evaluates existing maturity models and methodologies, analyzes their effective-ness, and develops a novel and enhanced model tailored to the oil and gas sector. The authors highlight the importance of considering fundamental factors that underlie the implementation of maturity models and the need to evaluate their fit with organizational goals and values. The pa-per concludes by emphasizing the ongoing nature of business maturity and the effectiveness of theproposed Business Maturity Framework (BMF) model in enhancing operational excellence, competitiveness, and sustainable growth in the oil and gas industry.
The paper makes a notable contribution to the specialized literature precisely through the differ-ent approaches to the business maturity process and through the proposed business maturity model itself as a base of strategy formulation, which includes a new dimension. This dimension analyzes whether the market and customers are ready for the level of digitization that the com-pany wants to achieve in a future state.
Keywords
business transformation; digital process maturity; business maturity framework (BMF); incremental changes; maturity assessment; disruptive changes; oil and gas industry
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
