Whether you are making quick resource-allocation decisions alone or collaborating with your executive team to set organizational strategy, what you see, what you advocate, and what you ultimately decide are influenced by the map of the world you carry around inside your head. In some ways, this map or mental model is unique to you, […]
Case studies in the petroleum industry.
In the petroleum business, the acquisition, exploration, and production functions are highly interrelated, yet they usually are conceptualized and managed as independent areas. Much of this separation is because of the very complex nature of both exploration and production operations. Another is that, financially, most companies evaluate exploration opportunities separately from production opportunities. To break through this traditional barrier, an […]