The Impact of Strategic Flexibility and Risk Management on Improving Management and Competitive Advantage in The UAE Energy Sector as A Model

Abstract

This study aimed to analyze the impact of strategic flexibility and risk management on improving management and enhancing competitive advantage in the UAE energy sector. It employed a structural model that tested the direct and interactive relationships between the variables. The study utilized a descriptive-analytical approach, employing partial least squares structural equation modeling (PLS-SEM) to test the proposed hypotheses. The results showed that strategic flexibility has a statistically significant positive impact on improving management and competitive advantage. Risk management also demonstrated a positive impact on both variables, although to a lesser extent than strategic flexibility. Furthermore, the results revealed a significant interaction between strategic flexibility and risk management, indicating that integrating adaptability and disciplined risk management enhances management effectiveness and strengthens competitiveness simultaneously.