Introduction to Strategic Management in Exploration and Production

Who should attend:

The course will be valuable for all those in E&P who are interested and involved in strategic decision making. These can be general- and functional managers and planning managers, who need a good grasp of modern concepts of strategic management in terms of:

• tools and techniques to be used.
• developing plans to realize the aims and purposes of the organization.
• developing strategies to adequately respond to the forces in the outside world.
• contributing and participating valuably in the strategic decision making process.

Overview:

Purpose of strategic management is to ensure that an organisation knows where it is going to, and how it is going to get there. This must be based on a realistic understanding of the business environment and how the organisation must change to be in shape for tomorrow.

Strategic management requires us to make sense of complex and dynamic situations in the Upstream part of the Oil and Gas business where the emphasis lies in getting access to increasing volumes of HC's on a regional or global scale. It requires an organisation which has the desire and the capability to adept and therefore to change.

Content:

• Introduction to strategy
• E&P business environment
• Strategic analysis
• Visioning
• Strategic Decisions
• Managing value in E&P
• Performance measurement
• Balanced scorecard
• Roadmap to determine the strategies

During the course the participants will be focusing on topics such as; Strategic Analysis (i.e. to identify key questions to evaluate and understand the industry and market around you), Visioning (i.e. to understand the capabilities of your enterprise, creating a vision), Decisions, Creative thinking, Managing Value, Performance measurement (i.e. value drivers, key success factors and performance indicators) and Balanced Scorecards. Appropriate case studies and exercises will clarify the theory.

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