All content in this website is sourced legitimately

Article Details
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


Back  |  Top
The content in this website is authentic and all information is sourced legitimately. The news we produce is collated through journalistic effort that is legal and legitimate. We carry no information that violates Indian law or is a breach of confidentiality in any form or manner.
Copyright 2018 All rights reserved