What makes a energy-industry leader? Accenture's global strategy chief on the defining traits
in industries such as energy when they noticed a big spike starting about five years ago.
He sat down with the Houston Chronicle to discuss more about the findings and what they mean for Houston’s oil and gas industry. The interview has been edited for space and clarity.The oil and gas industry has been through a very challenging decade. If you just purely look at it from an investment or equity market standpoint, [the industry] used to have a double digit share of the S&P 500.
Q: You heard from just over 200 companies and broke them up into companies leading the way in terms of shifting to new and lower carbon energy, companies that are following and companies that are lagging behind. What did a company have to show to be a leader?We didn't start by categorizing or segmenting, we had the data speak for itself. What we found in the leaders, first and foremost, they were not being held back by benchmarks – they were looking at the art of the possible.
What we found is 80 percent of the transformations or reinvention programs fail to achieve their targeted objectives, and one common denominator across all of them is not building the talent and the culture to drive those changes – too little emphasis on the soft skills and the soft side of the change, too much often emphasis on the hard side of the change, which is the actual investment in technology.
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