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Oil & gas companies will have to be more resilient: Two models seen arising
Dec 27:
When business cycles turn, cyclical industries can struggle to retool their organizations for the new environment. For instance, today’s oil and gas companies were developed in a time of resource scarcity.
8With prices now at around $50 a barrel, the old organizational blueprint is no longer sustainable.
8While companies have cut their support functions since 2014, the overall organizations supported by these functions are also smaller now.
8But further reductions in corporate functions will be needed, as well as new organizational models.
8A more agile organization, with fluid teams and looser hierarchies, can lower costs and create greater responsiveness to today’s vastly different markets.
8Two models are seen arising.
Click on Reports for more
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8With prices now at around $50 a barrel, the old organizational blueprint is no longer sustainable.
8While companies have cut their support functions since 2014, the overall organizations supported by these functions are also smaller now.
8But further reductions in corporate functions will be needed, as well as new organizational models.
8A more agile organization, with fluid teams and looser hierarchies, can lower costs and create greater responsiveness to today’s vastly different markets.
8Two models are seen arising.
Click on Reports for more
