Strategic Thinking: A Tool-Based Approach - STT

Discipline: Petroleum Business
Level: Specialized
Instructors who teach this course:
  • Mr. John C. Scruton-Wilson

  • About the course
  • Designed For
  • You will learn
  • Course Content
This course is a hands-on case-based course focused on enhancing strategic thinking capabilities of decision makers in the oil and gas industry including those responsible for building and sustaining successful strategic plans. Participants are presented with several strategic tools for analyzing different aspects of the petroleum business from both a macro and micro perspective. There is a major emphasis on understanding how the petroleum industry has developed over the last 150 years including both successful and unsuccessful strategies that were used. This provides a basis for evaluating game changers that are now transforming the industry and positioning our businesses to maximize shareholder value. Case studies during this course provide opportunities for individualized and team-based learning. Teaching approach follows an iterative process of interactive discussions, application of materials, discussion of results, and re-application of materials to new contexts.
Geologists, geophysicists, engineers, managers, and executives responsible for defining, assessing, and developing business alternatives and strategy in the petroleum industry.
How To:
  • Summarize, present, and discuss strategic management topics and issues
  • Determine the factors that influence organizations to change their level of strategic thinking
  • Identify, understand, analyze, and evaluate the strategies of their own units/divisions and other businesses in light of current and potential game changers
  • Describe, apply, draw, and defend conclusions from strategic analysis tools
  • Review of the history of strategic thinking
  • Assessment of the petroleum industry from a strategic perspective as a supplier of energy
  • Understanding of how the industry responded strategically to historical events and what are the game changers that are now framing its future
  • STEEPLE framework
  • Michael Porter's value chain analysis
  • Competitive Advantage: defined theoretically and quantitatively
  • SWOT (strengths, weaknesses, opportunities, threats) analysis
  • Strategic thinking as a craft
  • Scenario analysis and planning
  • Six sigma
  • Boston Consulting Group (BCG) growth share matrix
  • Personal application of strategic thinking