future leader in o&g industry by mr vipul tuli & pierre avanzo at hrrt organised by ispe...
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Creating Future Leaders Creating Future Leaders Creating Future Leaders
of the Oil & Gas Industry
Creating Future Leaders
of the Oil & Gas Industry
27 – 28 August, 2009, New Delhi
8th Oil & Gas HR Round Table
CONFIDENTIAL AND PROPRIETARYAny use of this material without specific permission of McKinsey & Company is strictly prohibited
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What an opportunity for leadership!What an opportunity for leadership!
Demand – capacity gap: immense growth potential and opportunities
Maturing fields and downstream assets
New technology and scale challenges
McKinsey & Company | 1
Climate change imperatives – energy productivity and efficiency, renewables
Greater regulatory pressure, in context of intense competition
Growing international operations and related challenges
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Higher bar for leadership performance
What this means for leaders
Higher bar for leadership performance
What this means for leaders
More leaders, not managers…
▪ With more entrepreneurship
▪ With a builder’s mindset
McKinsey & Company | 2
▪ With ability to operate in completely different environments and cultures
▪ With ability to collaborate across functions
▪ With ability to work with communities and regulators
▪ With a mission to grow and develop talents
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Higher bar for leadership performanceWhat this means for companies
Higher bar for leadership performanceWhat this means for companies
Rethink fundamentally how to acquire, grow and retain talents
▪ Acquire from more diverse backgrounds
▪ Rethink career paths in several ways
McKinsey & Company | 3
▪ Rethink career paths in several ways
– Make global rotation work
– Figure out specialists’ tracks
– Make international talents successful
▪ Retain through more meaning & ownership