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

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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

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

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