Recommendations

While Gasco is one of the most successful gas companies in Egypt, it still faces a multitude of challenges that impacts their efficiency, profitability, and sustainability. The first issue that Gasco faces is resistance to change. Most businesses and enterprises are afraid to try new ways to manage their industry and are hesitant to adopt new methods and practices. This is due to fear of changing methods that they are comfortable with or lack of understanding. The problem with this issue is that it can hinder progress and innovation. Another issue that Gasco faces is the difficulty of adjusting their prices. Fuel industry in general is heavily regulated and price adjustment is a difficult task due to the global political environment and market borders. Additionally, adapting to new tech poses a considerable obstacle for Gasco as most of the advanced new tech is incompatible with Gasco’s current infrastructure. Lastly, environmental challenges. The need to reduce green house gases is a global mission, putting additional pressure on the quality of systems that Gasco uses.

Addressing these issues require an approach that includes cultural, technological and operational changes, and after further research and study, we are able to recommend some solutions that would address these problems.

Change Resistance: 

To face this problem, Gasco needs to implement new management programs. These programs should include training sessions, workshops, and communication strategies that emphasize the benefit of adopting new practices and technologies. Involving employees is mandatory, and addressing these concerns is a must in order for Gasco to adopt a more comfortable and adaptable company culture.

This change in management will significantly reduce resistance to change by creating a supportive environment for employees. However, this program would require time, resources, and a commitment from leadership in order for it to be effective. Success from these programs usually stems form the ability to engage employees and address their concerns genuinely.

Pricing Challenges:

To tackle this issue, Gasco needs to develop a dynamic pricing strategy. This strategy should take in consideration market prices and conditions, Government regulations, and operational costs. By using advanced data analytics and market forecasting, companies can set prices that reflect real time market dynamic and ensure profitability while taking in account regulatory requirements.

This strategy will help Gasco respond more effectively to market fluctuations and regulatory changes, it will also help it adapt to most political changes, nationally and globally.

Infrastructure & Technology Compatibility:

Gasco should undertake a phased infrastructure upgrade, despite how pricey it can get. This improvement will allow new technology to be compatible with the infrastructure, allowing a more efficient and effective system to exist. The upgrades should make the infrastructure flexible to adapt and accommodate future advancements as well. Despite how costly this upgrade can be, it can still be considered an investment in the future of Gasco, because sooner or later, other Gas companies, with better infrastructure have the ability to adopt modern tech and surpass them.

Environmental Challenges:

In order for Gasco to contribute in the global mission of lowering the emission of greenhouse gases like CO2, the should adopt EMS. (environmental management systems)

These systems ensure that they operate while including measures for reducing waste and emissions. Adopting international standards such as ISO 14001 can help reduce Gasco’s environmental footprint and comply with the regulations.