Friday, October 30, 2020

Oil and Gas: Building Value For Your Customers

 In several articles and posts, I have referred to the oil and gas industry taking on a new approach over the next 10 years. At least from my perspective. One of the elements of this approach will have to be a change in perception of what value is. It will be viewed in two ways depending upon which business model these entities utilize. First, what value can "we" (the company) bring to the customer? Secondly, what value can "I" (employee) bring to the company? I believe the first hinges on the second and the success of any oil and gas entity over the next 10 years will be based on the ability to obtain and maintain an employee base that will contribute to the value brought to the customer. Many will argue that this practice is already in place. I would argue that although in place, I do not think there is enough oversight or emphasis applied to it. Right now, every entity and person in this industry should be doing self-evaluations and seeking methods to build or increase value. If you fail to act on this it will be difficult to compete and stay employed.

Take care and be safe!

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