EXECUTIVE EDUCATION

Key Topics

During the ten day course of study, you will broaden your knowledge base by focusing on areas of leadership, corporate strategy, financial planning and control, and corporate finance. In a series of informative class sessions, you will explore new ideas and hone skills in each of the following areas:

Leadership

• Leadership as a sustainable competitive advantage: identifying essential leadership competencies
• Examining organizational complexities and problem-solving strategies
• Personal awareness and effectiveness in facing conflict
• Leading effective organizational change initiatives

Corporate Strategy

• The global context and its implications for managing in today's oil and gas firms
• Analyzing the competitive environment and defining performance
• Understanding the process of scenario planning
• Sustaining competitive advantage
• Strategy implementation in multinational settings
• Assessing the roles of diversification, divestiture, integration, and retrenchment in the overall restructuring process

Financial Accounting and Managerial Control

• A practical approach to understanding the income statement, balance sheet, and cash flow statement
• Cost behavior and cost-volume-profit relationships
• Analyzing annual reports: a hands-on assessment of financial performance using published energy company financial statements
• Measuring financial performance in energy companies: comparing Full Cost, Successful Efforts, and other accounting methods used around the world
• Using the Balanced Scorecard to assess company performance

Corporate Finance

• Understanding the financial impact of operational decisions
• Estimating the firm's financing needs and determining levels of sustainable growth
• Assessing project economics: discounted cash flow (DCF) techniques, quality of data, measurement used (payback, IRR, NPV), relevant cash flows, appropriate cost of capital
• Funding large projects and managing risk in the energy industry

Negotiation

• Recognizing the danger of untested assumptions and the importance of setting accurate of objectives
• Negotiation strategies for energy company managers: managing interorganizational negotiations, partnerships, joint ventures, and mergers 
• Techniques for creating and claiming value: An in-depth simulation related to today’s global energy industry.