The Cuban Missile Crisis - 5937 Words

The Cuban Missile Crisis The world was at the edge of a third world war. This was the result of a variety of things: the Cuban Revolution, the failure of the Bay of Pigs invasion, US anti-communism, insecurity of the Soviet Union, and Cubas fear of invasion all made causes for war. However, war was not the result due to great cooperation from both President Kennedy and President Khrushchev and each of the decisions made by the leaders was crucial in the outcome of The Crisis. Kennedys choice to take action by means of quarantine instead of air-strike and Khrushchevs decision to abide by the quarantines were perhaps the two most significant decisions made by the leaders in order to prevent war. The Cuban Missile Crisis showed the†¦show more content†¦The Americans thought this would work because a similar plan was executed in Guatemala that was a terrific success. However, the Americans had miscalculated and the failure of the invasion was humiliating. Castro was much more popular than the CIA had th ought, and an army American sponsored attack would actually enrage most Cubans, at the same time improving the position of the leader, Castro. Even anti-Castro habaneros in Cuba would defend Cuba out of nationalistic pride. This, the Americans had all misjudged. The Bay of Pigs invasion had been drawn up by President Eisenhower, but John.F.Kennedy approved the CIA plan soon after taking control. The thought of this pleasant land becoming Stalinist disturbed [Kennedy], like seeing a treasured childhood retreat decay into tawdry slumdom overrun by rowdy toughs.4 On April 17, 1400 members of Cuban exiles came from Nicaragua. They landed in the Bay of Pigs, were discovered my local milita and were forced to open fire. The crucial tactic for America was the element of surprise, and that was now gone. Fidel had actually learnt of the invasion at 3:15am that day and prepared an army and rounded up CIA agents and journalists. By the 18th, just the next day, the invasion was doomed. The brig ade pleaded with Kennedy for aerial support but he declined. Defeat of the Americans came on the 19th, with 1,100 prisoners left in Cuba. The Bay of Pigs invasion was aShow MoreRelatedThe Cuban Missile Crisis1149 Words   |  5 Pagescausing a civil war. Both the Cuban Missile Crisis and the Vietnam War illustrate the United States attempt to combat communism. The Cuban Missile Crisis in the prevention of a nuclear war. Whereas the Vietnam War ultimately curtailed the spread of communism. (CMC) During the Cuban Missile Crisis, the U.S was trying to prevent a nuclear war, and attempting to contain the hostility between the U.S and the Soviet Union. In 1962, an American U2 plane spotted a Russian missile site being built with shortRead MoreThe Cuban Missile Crisis1188 Words   |  5 Pageseven know. Topic Sentence: The Cuban missile was a crazy time. It happened some fifty years ago when John F. Kennedy was president. It was when one of U.S. spy plane caught Soviet Union trying to sneak some nuclear missiles into Cuba that was ninety miles off the United States’ coast. Soon enough president Kennedy had to talk to one of their leaders about what are they doing with the missiles and if they do not remove it there will be a war. The Cuban missile crisis happened during the Cold War betweenRead MoreThe Cuban Missile Crisis1495 Words   |  6 PagesKennedy was made aware of Soviet missiles in Cuba. This was the testing ground, the closest the world has ever been to nuclear war, the Cuban Missile Crisis, 16-28 October, 1962. The future for millions of lives depended upon the ability of United States President John F. Kennedy and Russian Premier Nikita Khrushchev to reach an agreement in which both did not lose face, and more importantly, the world survived. The events leading up to the Cuban Missile Crisis, as explained by Sheldon M. SternRead MoreThe Cuban Missile Crisis Essay2455 Words   |  10 PagesThe Cuban Missile Crisis bought the world closer to extinction than ever before. It was through the decisive actions of newly elected president John F Kennedy and then premier of the USSR Nikita Khrushchev that the confrontation did not escalate into all out nuclear war. The Cuban Missile Crisis lasted for 13 days, it was predicated on the fact that the Soviet Union was placing intercontinental ballistic missiles on the island country of Cuba which is just off the coast of the United States nearRead MoreThe Cuban Missile Crisis1016 Words   |  4 Pages Events leading up to this potential catastrophic war was the Cuban Revolution, the failure of the Bay of Pigs invasion, US anti-communism, insecurity of the Soviet Union, and Cubas fear of invasion. Thankfully, the conflict was avoided due to great cooperation from both President J ohn F. Kennedy of the United States and Soviet Union leader, Nikita Khrushchev. Each decision made by each leader was vital in the outcome of The Crisis. Kennedys choice to take action by methods of quarantine insteadRead MoreThe Cuban Missile Crisis2013 Words   |  9 PagesInvestigation The purpose of this investigation is to establish the extent to which there was a victor at the end of the Cuban Missile Crisis in 1962. This investigation will evaluate the position of both Khrushchev and Kennedy after the crisis in order to draw the victor. Looking into the intentions and goals of USA and the USSR leading up to, during, and recently after the crisis to determine the true victor, in between the years 1959 and 1979. Sources that will be used in this investigation includeRead MoreThe Cuban Missile Crisis2100 Words   |  9 PagesThe Cuban Missile Crisis The Cuban missile crisis was the most dangerous of the Cold War, but it still involves the two main superpower enemies; Russia and America, only this time Cuba got involved too. The Cold War happened because Read MoreThe Cuban Missile Crisis Essay3251 Words   |  14 Pageswar. Looking back now, I realize the Cuban Missile Crisis was an extreme pivotal moment in the Cold War. 6 months ago my own country, the United States of America, had never been so close to Armageddon with the Soviet Union. On October 16th, 1962 I was informed that the CIA’s National Photographic Interpretation Centre had reviewed findings from U-2 aircraft photographs and had identified objects that were soon to be interpreted as medium range ballistic missiles. The U-2 flight, piloted by MajorRead MoreThe Cuban Missile Crisis Essay1292 Words   |  6 Pagesinevitable to the world, it was the first time nuclear war was hanging on a thread. The Cuban Missile Crisis presented a threat to the world, in which the USSR planted nuclear missiles on Cuba. America’s response was to threaten launching nuclear missiles at the Russians. This incident launched the world into a new time, which presented nuclear weapons as a source of power. The incident of the Cuban Missile Crisis still connects with us today because the power nuclear weapons present, which providesRead MoreCuban Missile Crisis Essay1203 Words   |  5 PagesThe Cuban Missile Crisis was a 13 day political and military deadlock in 1962 between the United States and the Soviet Union. It appeared that the Soviet Union was installing nuclear missiles in Cuba, and it was the closest the United States has ever came to a nuclear war. Using the movie, 13 Days, the Cuban Missile Crisis is explained and compared to the actual event. The crisis was led to by the Cold War. The Cold War was a period between 1947 and 1991 of geopolitical tension between the corrupted

Leadership Career Management And Personal Development Education Essay Free Essays

string(156) " assist to develop interfacing accomplishments across any concern organisation and besides can assist to take assorted obstructions for the peculiar squad\." Personal effectivity ( Parker A ; Stone, 2003 ) means the ways of self-development aiming to better 1s personal, societal and other contexts of calling. This study has made for sketching the chief factors of brooding pattern and its consequence on uninterrupted personal development. This thought may assist anyone to happen out his or her strengths and failings of daily life ; it may assist to categorise one ‘s personality and can assist to pull off many environmental factors. We will write a custom essay sample on Leadership Career Management And Personal Development Education Essay or any similar topic only for you Order Now Improvement of behavioral competences ( accomplishments ) ensures personal effectivity. Persons ( Parker A ; Stone, 2003 ) with the accomplishments of good apprehension, effectual communicating and accurate hearing and leading quality can easy do difference by taking them towards success. For developing self-understanding, it is compulsory to concentrate on personal individuality. Knowing thyself helps to place major strengths and failings that will take anyone to take the right determination for their hereafter. Beliefs and values help to develop personal foundation. Positive beliefs will assist persons to take the right determinations for their hereafter and negative believes will take them towards confusion. Harmonizing to Robbins ( 1986 ) , to organize persons ‘ personalities, foundation beliefs and values play an of import function. Furthermore, harmonizing to some theoreticians, one of the most of import and powerful beginnings is the belief and this powerful beginning can be influenced by some factors like instruction, faith, imposts and civilization. It has besides influenced by person ‘s experiences. There are two types of beliefs and these are positive and negative. Behaviour and public presentation can be influenced by these beliefs. Performance can be severely affected by negative beliefs and the antonym can be done by positive beliefs. The positive beliefs aid to increase assurance. In a survey, Kolb cited by Burt ( 1995 ) mentioned that past experiences can assist to organize the hereafter program and besides can assist to better persons. For personal development I do n’t analyze merely the successes but largely analyse the failures more and it helps me to pull off my effectivity. David Kolb explained a learning rhythm with four related factors which is really effectual in experimental acquisition. Harmonizing to Kolb, proper analysis and use of past experiences helps to make on personal effectivity. Lack of success can assist to increase experiences. These experiences can play an of import function of be aftering for the following state of affairs and besides aid to better the person. David A. Kolb with Roger Fry ( Mintzberg, 1977 ) emphasizes effectual communicating, which can incarnate cognition and accomplishments and is helpful for self-development. Team spirit and higher public presentation are encouraged by good communications. Facts, emotions and demands are the cardinal elements of communicating. The encephalons logic and sentiments are the basic of facts. The non-logical and non-rational activities are emotions. Fundamental development demands are logical. Assorted types of communications help anybody to better personal development. To better personal development verbal, non-verbal and the written communications play of import function. Tone of voice and organic structure linguistic communication besides listening are the chief characteristics of active communicating and effectual for personal development. By following Kolb ‘s experimental acquisition, commanding emotions is the cardinal factors for me to take the right determinations at right times . In my sentiment and experiences, theories do non precisely supply a solution for every contingency. To use any theory I think fast on my pess. Theory gives me the footing of understanding techniques to use this to pattern more expeditiously. Past experiences and achieved accomplishments assist me to foreground farther countries for preparation and development. King and Kitchener ( 1987 ) province that, ‘the brooding model theoretical accounts aid anybody to better some accomplishments, helps to believe for future activities, helps anybody in fast and busy state of affairss ; contemplation helps larning new things accurately, helps to organize new constructs and assist to recognize new thoughts ‘ . At the really beginning of this study I thought that it was really complicated but after sometimes I knew that it was a affair of believing. Alternatively of basking the study I became resentful because its meddlesomeness. Schon ( 1987 ) emphasizes on betterment of professional cognition. The ‘reflection in action ‘ and the ‘the contemplation on action ‘ are the contemplations of Schon. Harmonizing to King and Kitchener contemplation has developed my cognitive ability and for this ground I have learnt more about contemplation and about myself. I besides think that everybody should use the experiences drawn during contemplation Gibbs ( 1988 ) represented a brooding theoretical account which deals with the straightforward affair and it besides expresses the state of affairs clearly. This theoretical account is related to feelings analysis and experiences rating. Johns ( Platzer et. al. , 1997 ) represented a structured contemplation theoretical account. This structured contemplation theoretical account of acquisition can be used to understand the analysis of critical incident. It is by and large used in more complex affairs of determination Reflective ( Robert, 1974 ) pattern helps me to larn self-development and it besides helps me to develop my communicating accomplishments in many ways which is really critical for my individuality. The personal individuality and realistic communicating system assist me to take any organisation in any environment. Brooding pattern helps to organize leading, which influences the ideas and behaviors of assorted people. The place of the leader may be formal or informal. Brooding patterns help to reexamine, program, proctors and to measure the advancement of persons. I am now able to supply some techniques which can assist anybody in some plans. For the uninterrupted personal development I can take some stairss, like: Bettering a monolithic and logical vision. Form an active and acute direction squad and take the squad with the aid of achieved experient and accomplishments. Leading any organisation or any squad accurately and harmonizing to squad direction regulations. I can develop the verbal and body linguistic communication accomplishments which may impact communications positively. I can supply constructive feedback for pull offing people and besides can assist to pull off single ‘s personalities. I can assist to develop interfacing accomplishments across any concern organisation and besides can assist to take assorted obstructions for the peculiar squad. You read "Leadership Career Management And Personal Development Education Essay" in category "Essay examples" I may accept unfavorable judgment, supply feedback and can take any positive input from learned persons. Using the Gibbs theoretical account I can go really clear about any state of affairss and can take farther stairss for improvement. From John ‘s theoretical account I have learnt how to critically analyse any affair. Portfolio.2 My disbursement clip in the pupil concern conference was excessively effectual that it has made great impact on my accomplishments and larning new things. This first professional betterment conference was an unwritten presentation in forepart of all of our pupils. The presentation in forepart of our pupils was an exciting affair for the first clip and taking portion in this conference I found that it was direct and really related and consecutive to the point. Participating in the conference and showing my work in the personal and professional development seminar my assurance improved a batch to show my plants to others and larn many things new like how body linguistic communication helps to show emotions and thoughts what I could non thought earlier. At first clip I could non understand many systems related to conference and thought that it was merely exercising which may open the appeal of the participant and we knew better every one from the conference. One of the presenters emphasizes on the presentation manner and about the demands of presentation which was rather hard affairs. The presenter showed how to show the study, what is the basic construction of the study and besides showed the attitudes related to presentation. From this seminar cubic decimeter learnt presentation manners and formats easy which are much needed in the professional life particularly in the concern sector to depict new merchandises and publicities. None the less I think that it is a good manner to pass on through to other pupils and lectures if it were used by other pupils. Roll uping information has been indispensable to the class all the work that I have presented even the study that I ‘m composing now. The conference is a great manner of meeting for me with the professionals. From the pupil concern conference I have learnt the procedure of informations aggregation and besides the manner of informations presentation which was presented by some professionals. I learnt from the seminar that garnering information from assorted beginnings and use it in exact sector is a critical affair for any professionals. After achieving the conference I have changed my working manner in any class study and seeking to follow the professional manners. Now I am doing the notes of any of import information related to my class work to use it for the current and future mentions. Now I am utilizing direct and clear informations presentation sy stem. I have non faced any major jobs during my acquisition in the conference. I felt that I was able plenty to get the better of any unexpected state of affairss and I could larn in faster manner. In the seminar some subjects related to creativeness and communications were discussed which was irrelevant to our class. If I expanse this subject it can be easy observed that I have improved some of my presentation accomplishments and this advancement happened because of the effectual conferences. This conference is a great chance for me to larn new and necessary things. From this conference I learnt how to pull audiences by assorted speaking and utilizing proper organic structure linguistic communication, how to undertake audiences inquiries etc. For the hereafter I am be aftering to make my work in the more organized ways which will salvage my clip and will assist me in my professional life. After the conference I am seeking to better my presentation accomplishments and manners. Following the instructions of the erudite presenter I am making better in this sector twenty-four hours by twenty-four hours. Now a twenty-four hours I do n’t hotfoot any of my professional activities. Because of the contemplation it can develop the grad which I am acquiring. Now I am satisfied with the activities those I have performed until now. Portfolio.3 By ( Weber, 1947 ) the choice leading people may act upon really easy and this quality may command many hard things in many unexpected state of affairss. This leading may be designated from dependable authorization or can be dependent on owns ability. The Greenwich MBA plan helps to better the leading in many effectual ways in some practical sectors. This system holds some indispensable elements. As a good professional it is really indispensable to be cognizant of assorted format and demands environing them. Detecting the different signifiers of leading and besides its utility and bad consequence professional should develop the failing points. The class Leadership taught me how to work in a squad as a leader and as a member to accomplish squad aims. Transformational leading is the best manner of leading that I have learnt from this topic. Transformational leader motivated his follower to travel beyond bound. Good leader encourages, listen to followings and tried to acquire involved to the whole procedure and accomplish results. So from now I ever try to pattern these leading accomplishments. Now I ever listen to my squad member ‘s sentiment, doing any determination democratically, resolve any job with unfastened treatment. I have learned some utile concern tools like SWOT, FIVE FORCES, PESTLE from scheme and transmutation class that will assist me to understand the external and internal environment that are related to concern. In add-on how should I use chances by utilizing my strength? Besides prevent any approaching menace through extinguishing my failing. It will assist me to understand the state of affairs and take the determination about right clip and topographic point. I have learnt scheme to take the concern make profitable and to avoid losingss. So, I will detect both the internal and external environment related to my company and will seek to better it ; I will contrive some newer schemes to pull the of import stakeholders of my company. As money is the chief factor for any concern and utilizing the fiscal direction cognition, I have learned how to take investing determination, how to pull off financess, more over importance of liquidness. Pull offing hazard throughout the undertaking, cost volume net income analysis helped me to take determination which one will be profitable for me. Besides assist me to do a fiscal planning for organisation, now I will see the gross growing with attention ; I will take stairss to maintain the monetary value of the merchandise sensible ; I will do a good relation with quality and cost ; I will pay attending on a specific concern country ; I will take the best measure against the chief rivals Besides Human resource direction helped to larn enrolling procedure, behavior preparation and development that employer required for their organisation. It taught me to larn conflict declaration between squads and single. For new staffs choice I will seek to avoid enlisting bureaus. For the feasibleness and significant part of clients I will contrive a strategic architecture for my company. For the company ‘s improvement I will seek to rewrite the policies and regulations of my company, I will contrive the newer competitory infinite ; For better chances I will implement unfastened ended and dateless testing system. I will seek to abandon disused thoughts for my company. To do my company successful I will non merely add value but will reinvent it. I will construct a good relation among providers, clients, concern spouses and stakeholders of my company that I have learned from my concern context and international concern environment. More over utilizing Information direction scheme in my concern I will be able to makes its sole, efficient, and cost-efficient. Mentions: Burt, C. ( 1995 ) . The grounds for the construct of intelligence, British Journal of Educational psychological science. 25 ( 2 ) . In: Broadfield, A. et Al. ( 1998 ) . Organizational Behaviour and Analysis: An Integrated Approach. 1st erectile dysfunction. Harlow, Essex: Pearson Education Limited, pp.158-77. Gibbs, G. ( 1988 ) . Learning by making: A usher to instruction and larning methods. Oxford, England: Further Education Unit, Oxford Polytechnic. Mintzberg, H. ( 1977 ) . ‘The director ‘s occupation: folklore and fact ‘ , Harvard Business Review, vol.55, no.4, July- August, pp. 49-61. In: Buchanan, D, and Huczynski, A. ( 200 ) . Organizational Behavior: An introductory Text. 5th erectile dysfunction. Harlow, England: Pearson Education Limited, pp.494. King, P. , and Kitchener, K.S. ( 1994 ) . Developing brooding opinion: apprehension and advancing rational growing and critical thought in striplings and grownups. San Francisco: Jossey-Bass. Parker, S. , A ; Stone, B. ( 2003 ) . Developing Management Skills for Leadership. 2nd erectile dysfunction. published UK, Prentice Hall. pp.32-39. Platzer, H. , et Al. ( 1997 ) Promoting brooding practicians in nursing: a reappraisal of theoretical theoretical accounts and research into the usage of journals and diaries to ease contemplation, Teaching in Higher Education, Vol.2, No.2, pp. 103-121. Robert, K. ( 1974 ) . Skills of an Effective Administrator, Harvard Business Review, September-October, pp. 90-101. Robbins, A. ( 1986 ) . Unlimited Power, published in UK, Simon A ; Schuster. 2nd erectile dysfunction. pp. 231-232. Schon, D. ( 1987 ) . Educating the Reflective Practitioner. San Francisco: Jossey Bass. pp. 57-62. Weber, M. ( 1947 ) . The Theory of Social and Economic Organization, trans. and ed. A.M. Henderson and T. Parsons, Oxford University Press: Oxford. In: Buchanan, D, and Huczynski, A. ( 2004 ) . Organizational Behavior: An introductory Text. 5th erectile dysfunction. Harlow England: Pearson Education Limited, pp.770. How to cite Leadership Career Management And Personal Development Education Essay, Essay examples

Dynamic Capabilities of Saudi Aramco

Questions: 1.Identify dynamic capabilities in. Use Teece, Pisano, and Shuen paper to justify why and how these capabilities are contributing to competitive advantage and outline how they differ from resources  as identified by Barney? 2.Discuss how these capabilities can help to retain competitive advantage in the face of technological changes/disruptions? Answers: Introduction The oil and gas sector is going through an insightful and major transformation. Saudi Aramco will be required focusing on limited number of distinguishing abilities that is the association of personal knowledge, abilities as well as behavioural aspects, methods, tools and systems that are allowing them in outcompeting their competitors. In addition, Saudi Aramco is also required reorienting their decisions relating to portfolio as well as investments in respect of these distinguishing capabilities. There is the need for having strategic flexibility for adapting to the changing aspects in the functioning environment. At present, the framework regarding dynamic capabilities is being utilised for capturing scopes as well as mitigating strategic risks in Saudi Aramco. 1.Identification of dynamic capabilities in Saudi Aramco To identify as well as leverage mainstay dynamic capabilities does the establishment of a strategic foundation, but successful oil and gas companies such as Saudi Aramco will be requiring as well the flexibility as well as capability for managing uncertainties as well as responding to the unforeseen occurrences. To implement a dynamic strategic framework for complementing the capabilities-driven strategic aspects are comprising certain major elements such as, Scenario development A truly dynamic strategic aspect will be considering different sources of uncertainties as well as their influence on the current as well as future operational aspects. In the present landscape regarding oil and gas, circumstances might be considering factors that like future levels of production regarding unconventional hydrocarbon, developing the capital as well as operating costs, or the influence associated with stringent regulations relating to the emissions of carbon dioxide (Goetsch, 2014). External sensing Saudi Aramco is required having signposts with gauges for identifying changes in the market at the earliest. Efficient external sensing will be drawing on various sources of insight as well as data from across the company for identifying the indications relating to change. Saudi Aramco is often having significant experience relating to contingency planning at specific organizational levels like reallocating the aspect of exploring the budgets in reply to unforeseen outcomes. Contingency planning is insufficient in regard to the significant reservations and might be resulting in significant interruption as well as incompetence for responding to material changing scenarios relating to the viewpoints (Slack, 2015). Integration and investment planning Towards the establishment of capabilities relating to dynamic strategic aspects there is the requirement of full integration of the framework relating to investment planning as well as methods relating to the allocation of capital that will be determining the shape regarding the future portfolio. Organizational leaders of Saudi Aramco do the assessment of major trends as well as significant shifts in the operating environment at the start of the investment panning cycle. In addition, with the changing circumstances, Saudi Aramco having an integrated structure is having the ability for iterating the overall process, making sure that they are possessing the correct method of functioning in respect of specific circumstances (Stadler, 2013). Ways by which dynamic capabilities are contributing to competitive advantage The approach relating to dynamic capabilities will be providing a rational structure that will be integrating an existing conceptual as well as empirical knowledge and facilitating prescription. Coordination/integration When the price system is supposedly coordinating the economical aspects, managers at Saudi Aramco are coordinating as well as integrating activities within the organization. Strategic advantage is having the requirement of integrating the external activities as well as technologies. Reconfiguration transformation In dynamic business environments, there is value in the capability towards sensing the requirements for reconfiguring the asset structure of the company as well as accomplishing the required internal as well as external changes. This is having continuous market surveillance as well as technological aspects and the eagerness towards adopting best practices. In this regard, benchmarking is considered being of significant worth to be a systematic method to achieve such means. Changing aspects are considered expensive as well as Saudi Aramco is required developing the methods for minimizing the reduced pay-off change (Teece, 1997). 2. Ways by which the dynamic capabilities will be retaining competitive advantage Strong dynamic capabilities will be resulting in competitive advantage. There is the combination of strong dynamic capabilities as well as effective strategic aspects for sustaining competitive advantage in Saudi Aramco. The purpose of dynamic capabilities is to achieve resemblance with technological as well as business scopes and consumer requirements. The dynamic capabilities structure will be emphasizing the requirement for looking beyond making sure that a business is functioning in a smooth way. The capability for dynamically formulating as well as executing a strategic aspect, achieving market alignments as well as shaping them when a possibility occurs is considered being the significant need to durable organizational development as well as profitability (Wilden, 2013). Managers at different levels is required looking around as well as ahead for detecting as well as responding to the scopes and risks. Effective dynamic capabilities will be allowing Saudi Aramco for doing thing s correctly (Sakas, 2014). The Reserve Replacement Ratio (RRR) judges the operating performance of Saudi Aramco. There are two alternatives that are open to oil and gas companies to increase their reserves such as increasing reserves through the strategies regarding acquisition as well as increasing reserves through organic strategic aspects that includes partnerships, which assist the continuous discovery of new resources (Wilden, 2015). The capability for learning, adapting as well as reconfiguring assets as well as foundational capabilities will be creating sustainable value as well as competitive advantage. The management of the ecosystem is a dynamic capability that is important in respect of continuous success. The dynamic capability will be involving the work to develop and communicate strategic aspects as well as actualizing the alignment of strategies (Cummings, 2014). The management of ecosystems is focusing on various significant drivers of economic value that includes the formation of strategies, management of joint ventures, management of non-operated ventures, actualizing technical abilities as well as developing and deploying new technological aspects. Conclusion In a industry that is having volatile as well as uncertain circumstances, varied technological as well as functional circumstances and intensifying industry-specific lack of skills, Saudi Aramco will be required focusing on certain distinguishing abilities needed for winning in their selected operational areas. The capability for learning, adapting as well as reconfiguring assets as well as foundational capabilities will be creating sustainable value as well as competitive advantage. The management of the ecosystem is a dynamic capability that is important in respect of continuous success. References Cummings, T. G., Worley, C. G. (2014).Organization development and change. Cengage learning. Goetsch, D. L., Davis, S. B. (2014).Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Sakas, D., Vlachos, D., Nasiopoulos, D. (2014). Modelling strategic management for the development of competitive advantage, based on technology.Journal of Systems and Information Technology,16(3), 187-209. Slack, N. (2015).Operations strategy. John Wiley Sons, Ltd. Stadler, C., Helfat, C. E., Verona, G. (2013). The impact of dynamic capabilities on resource access and development.Organization science,24(6), 1782-1804. Teece, D. J., Pisano, G., Shuen, A. (1997). Dynamic capabilities and strategic management.Strategic management journal, 509-533. Wilden, R., Gudergan, S. P. (2015). The impact of dynamic capabilities on operational marketing and technological capabilities: investigating the role of environmental turbulence.Journal of the Academy of Marketing Science,43(2), 181-199. Wilden, R., Gudergan, S. P., Nielsen, B. B., Lings, I. (2013). Dynamic capabilities and performance: strategy, structure and environment.Long Range Planning,46(1), 72-96.