Challenges and Research Trends of Energy Business and Management

• Other Authors: Ziębicki, Bernard (Editor), Bielińska-Dusza, Edyta (Editor)
• Format: Electronic Book Chapter
• Language: English
• Published: Basel MDPI - Multidisciplinary Digital Publishing Institute 2023
• Subjects: Society & social sciences; pro-environmental self-identity; green energy purchase intention; photovoltaic panels; social value; emotional value; energy sector; pro-innovative HR practices; psychological contract; job commitment; job satisfaction; management; schools of management; planning approach; positional school; resource-based approach to strategy; the innovative and entrepreneurial approach; network organization; energetics; regulated sector; strategy; energy producers; management model; rural electrification; sustainability; governance; technology; business model; non-dominated sorting genetic algorithm-II (NSGA-II); multi-objective particle swarm optimization (MOPSO); cross-docking; multi-energy concern; Agenda 2030; the energy sector in Poland; capital concentration; mergers and acquisitions; FSRU; LNG; appraisal modeling; modeling energy project appraisal; economic assessment; project incentives; energy project accounting; greenfield project planning; project due-diligence; restructuring; energy policy; hard coal mining; energy transition; agglomeration; cluster; specialization; cooperation; innovation; PLS-SEM; energy; oil price shocks; hydrocarbon markets; transmission channels; asymmetries; fuel; fuel supplies; COVID-19; coronavirus; transport; UE; energy economics and management; digitalisation; drivers; business models; changes; circular business model; circular economy; environmental awareness; supply chain; development; waste; controlling; controlling tools; energy and heating; E&H; integrated reporting; non-financial reporting; Warsaw Stock Exchange (WSE); energy industry; petroleum industry; crisis index
• Online Access: DOAB: download the publication; DOAB: description of the publication

Energy transformation significantly redefines the business models of enterprises in the energy sector, putting difficult decisions before them in terms of both strategy and operationalization. This shift aligns with climate protection policies, Industry 4.0 principles, and advanced technologies like artificial intelligence, blockchain, and IoT. The technological revolution is set to significantly alter lifestyles and business operations in energy production, supply, and distribution. This revolution demands that managers equip their companies and staff for upcoming challenges, emphasizing customer relations, networking, eco-development, and energy efficiency. In addition, companies from the energy sector are particularly susceptible to macroeconomic and environmental factors, such as government regulations, fluctuations in demand, price pressure on commodity exchanges, and measures to prevent global warming and engage in the creation of renewable energy. Furthermore, the situation related to the SARS-CoV-2 pandemic has forced many companies to rethink their actions. However, some recorded a significant slowdown in technology implementation and research and development. We do not know whether the long-term effect will influence the energy paradigm. This work aims to create new theoretical and empirical works on changes to energy sector management, including new business models and the use of Industry 4.0 technology, and their impact on organizations, digitization, companies' energy self-sufficiency, and investments supporting the so-called green economy.