| Abstract: | Oil companies such as Amoco Canada are now rushing to overturn corporate structures and cultures that took generations to create and nurture. They are doing so in order to survive in the difficult times the Canadian oil industry is facing: rising costs, increasing government rent sharing, and expectations of modest price increases. The overhaul needed is in three parts: the first involves rationalization of properties and staff reductions; the second, increasing productivity of the human resources of the firm through a thorough-going change in the corporate philosophy. The third calls for royalty and tax regimes that create a favourable economic environment. |
