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Understanding barriers to entry into the vertically integrated oil industry and applying economic theories of entry into this industry
Mini Dissertation (MBA)--University of Pretoria, 2017.
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| Other Authors: | |
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2017
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| _version_ | 1867613467641380864 |
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| access_status_str | Open Access |
| author2 | Holland, Mike |
| author_browse | Holland, Mike |
| author_facet | Holland, Mike |
| collection | Thesis |
| dc_rights_str_mv | © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. |
| description | Mini Dissertation (MBA)--University of Pretoria, 2017. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/59776 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:36:36.982Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/59776 Understanding barriers to entry into the vertically integrated oil industry and applying economic theories of entry into this industry Holland, Mike ichelp@gibs.co.za Sihlobo, Lwazi UCTD Mini Dissertation (MBA)--University of Pretoria, 2017. Barriers to entry are one of the critical forces that provide incumbent firms with competitive advantage over new entrants and contribute to an oligopoly market structure. The aim of this research was to determine barriers to entry into the vertically integrated oil industry and identify economic theories of entry into the market and apply them to the South African vertically integrated oil industry. A mixed method design was adopted to conduct this research. A 5-point Likert scale questionnaire with statement of barriers to entry obtained from literature was sent out to middle and senior managers of vertically integrated oil firms and non-refining oil wholesalers. Semi-structured interviews of middle and senior managers in the oil industry; regulatory body and industry associations were conducted to gain insights in the industry challenges and those challenges facing small firms. Emerging themes from interview results were analysed on the backdrop of research propositions. Similarly, quantitative results obtained from the survey were analysed based on the hypotheses and contrasted with qualitative results. The findings indicated that there are significant barriers to entry in the oil industry and affect both vertically integrated (refining and marketing) oil firms and non-refining oil wholesalers. However, non-refining oil wholesalers were impacted more negatively by the barriers to entry due to high capital requirements, lack of access to infrastructure, lack of access to capital and regulatory pricing model (RAS). Results also showed that oil firms put different emphasis of importance to different barriers of entry. zk2017 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2017-04-07T13:05:35Z 2017-04-07T13:05:35Z 2017-03-30 2017 Mini Dissertation Sihlobo, L 2017, Understanding barriers to entry into the vertically integrated oil industry and applying economic theories of entry into this industry, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/59776> http://hdl.handle.net/2263/59776 en © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Understanding barriers to entry into the vertically integrated oil industry and applying economic theories of entry into this industry |
| title | Understanding barriers to entry into the vertically integrated oil industry and applying economic theories of entry into this industry |
| title_full | Understanding barriers to entry into the vertically integrated oil industry and applying economic theories of entry into this industry |
| title_fullStr | Understanding barriers to entry into the vertically integrated oil industry and applying economic theories of entry into this industry |
| title_full_unstemmed | Understanding barriers to entry into the vertically integrated oil industry and applying economic theories of entry into this industry |
| title_short | Understanding barriers to entry into the vertically integrated oil industry and applying economic theories of entry into this industry |
| title_sort | understanding barriers to entry into the vertically integrated oil industry and applying economic theories of entry into this industry |
| topic | UCTD |
| url | http://hdl.handle.net/2263/59776 |