A Strategic Management Framework for Global Energy Sustainability: Integrating Policy, Innovation, Governance, and Analytics

Abstract

Energy is fundamental to human existence, driving growth across various manufacturing, agriculture, communications, and transportation sectors. This research employs a theoretical approach to the concept of a proposed framework through an inclusive review of relevant literature. The strategic management research field in the global energy sector remains immature, with the absence of worldwide strategic energy planning qualified to inadequate international governance. Current studies often focus on specific energy sources like renewable energy, crude oil, or fossil fuels. To address this research study aims to establish an inclusive strategic management framework by collecting the data from multiple sources. The research objectives consist of identifying key concepts for developing a strategic management framework in the global energy industry and generating an all-about methodology that integrates scope, process, model, and method for managing global energy strategies. The strategic management framework for global energy is designed by combining key findings from the literature review, SWOT analysis, scenario planning, and comparative analysis. Vital strategic management tools provide valuable insights into energy trends and challenges. The anticipated strategic management framework ensures a comprehensive approach to managing global energy resources by combining systematic procedures and models. Global energy management can enhance its effectiveness, resilience, and placement with sustainability goals by employing a methodical and progressive strategy. The framework integrates the process of developing and executing energy strategies. Governments should implement tax incentives, subsidies, and regulatory frameworks to instigate investments in renewable energy and technological advancements. They should also be skilled at implementing cohesive policies that balance energy security, environmental protection, and economic development, which involves positioning domestic policies with global energy agreements and sustainability objectives.