The importance of resources in achieving the goals of energy companies

Abstract

The fundamental transformation of the global energy sector challenges Polish energy companies to define new organisational goals. To a large extent, these objectives determine an energy company’s competitive position and ability to develop in the long term. However, achieving the set goals requires adequate resources. This paper mainly aims to identify and assess the resources used to achieve organisational goals in Polish energy companies. Based on a literature review and data collected from 110 Polish energy companies, the authors identified and assessed resources for achieving their organisational goals. The study confirmed that the organisational goals pursued by energy companies are interrelated. Analysis of the results of the basic organisational goals postulated by Polish energy companies showed that economic goals, such as “market share growth”, “implementation of innovative solutions”, and “quality of products/services”, are among the most important. The study showed that the resources held by energy companies are important for implementing separate organisational goals. Human resources received the highest rating and were considered of the greatest importance for the implementation of the goals of “sector development”, “uninterrupted energy supply”, and “sustainable development”. The paper assesses and discusses the characteristics of Polish energy companies’ organisational resources and organisational goals. The contribution of this study is the highlighted importance of resources in achieving the organisational goals of Polish energy companies. The main practical implication of this article is to stress the existence of links between the individual goals of companies in the energy sector and to highlight the importance of the different resource categories they possess for achieving specific objective bundles.

Solar Radiation Forecasting: A Systematic Meta-Review of Current Methods and Emerging Trends

“…Due to the technological and economic limitations of energy storage solutions, using other, mostly conventional, sources to cover energy shortfalls and, at the same time, utilising solar surpluses for production becomes necessary. Accurate forecasting is crucial at all levels of an energy system, including control, operation, management, the financial viability of energy companies [10], and the trajectories of sustainable and responsible innovation [11]. Spatial resolution and time horizon determine the application of forecasts.…”