Friday, 4 December 2009
The argument is using these traditional financial tools how confidently can we judge an innvoation that requires considerable investments. One of the arguments they make is towards the focus or emphasis on Earnings per share (EPS). They highlight that current Prinicipal - Agency relationship of companies encourage for ever increasing EPS which is nothing but myopic focus on profits at the expense of long term value creation.
This , in my belief, is what is happening with the Oil industry.
Saturday, 25 April 2009
- Help one give strong impact to his or her communication
- Help one improve their relationships with others
- Help one deal with their emotions when they communication
- Help one deal with unexpected communication situations.
I learnt some intresting facts about Communication and why do we feel stressed and shaky before and during a presentation in front of an audience. It has to do with our (human) primordial behaviour or to put in simply the way we are programmed as humans.
When facing an audience we feel stressed and wanting to be some where else rather there, because our primordial reactions cause increase in adrenalin & Cortosins in our bodies. These two harmones helped our ancestors to do FIGHT back or run away (FLIGHT) from looming danger. These invaluble reflex actions that helped our acestors also kick in when we face an audience. So, the trick, I learnt, is to know about this and the fact that it is but natural. Then later to try and control or over come this.
We learnt some techniques to overcome such situations invoving breathing techniques and preparations before facing an audience.
We all work hard on the content of the presentation, but apparently this is only but a small percent of the whole presentation. More important elements are body language, the way we deliver our speech, the way we connect to the audience (or the lack of it).
I have learnt quite a bit from the workshop and hope to work on it to improve my communication skills. I would also recommed such workshops to others looking for career in leadership, having to face audiences.
Friday, 13 February 2009
Saturday, 29 November 2008
Scenario NCS 2020 - was the title of the talk organised by NPF (Norwegian Petroleu Society) on 25 November at the Petroleum Museum in Stavanger, Norway. The presentation was given by Jarand Rystad, Managing Partner of Rystand Energy AS.
The presentation looked at NCS in 2020 with focus on the player landscape. What will most likely happen if current trends are to continue? And what might alternatively happen if big changes take place? Rystad went through three scenarios looking at how events like extreme oil prices, fiscal changes, major discoveries and technology breakthroughs might influence value creation and the player landscape.
He started with giving an overview of the current players in the NCS. He had them into two broad groups;
1) The Incumbents: with the likes of StatoilHydro, ConocoPhillips, BP etc,
2) The Challengers: comprising of the many new players like the European Energy companies GdF, Dong, Ruhr Gas to Norwegian grown companies like Noreco, Revus to the opportunists like Aker Exploraiton etc.
Rystand dwelled on the following three scenarios:
1) Most of the Incumbent players operating with players from the Challengers like those of GdF, BG operating in the NCS
2) Some of the Incumbents leaving the NCS like Exxonmobil, BP and more of the Challengers, especially, Norwegian grown companies like Norecon becoming more active.
3) Rystad reckons if the Oil price continues its dip to the south, chances are very strong that only Incumbents like StatoilHydro will be around.
The presentation was followed by a very intresting Q&A. Questions ranging from why were the Russian & Chinese companies not included in the Challengers. Rystad politely agreed to having them and look at a possible scenario with these comapnies also operating in NCS.
One question from the audience was; whatever the scenario, a common Norwegian would expect the best returns for their national resources. A gentleman from NPF in the audience made a very good point that the Norwegian authroities are creating an environment to foster Enterprise which would lead to competition and thus lead to getting the best value.
There was a discussion on the effects of the Statoil Hydro merger. This, as is evident, is leading to more opportunities for the merged company as it becomes a bigger company and has a stronger presence globally. But the audience also reckoned that this let to a bit of unbalanced voice around the table at the licensing rounds. The strong voice of Hydro is being missed and no other Norwegain comapny has been able to step into the vaccum.
This was my first to attend these small presentation networking evenings organised by the NPF. I thoroughly enjoyed it and look forward to more of these.