Reaching $50 a barrel was quite a landmark, however some traders are already betting on $20/barrel futures. Industry giants, such as Shell, Premier Oil, Statoil and Canadian Natural Resources, are now abandoning billions of dollars in exploration drilling projects. This current trend has caused a great deal of scrutiny towards capital spending across the energy sector.
Branco Kuznar
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Many workers in the manufacturing sector don't really care about what their company's mission is, suggesting that employees aren't engaged as they ought to be.
Achieving significant improvement in financial and operational results requires the following elements that promote organizational change:
Corporations are bound by the rules of short-term earnings. It is a vicious cycle that repeats itself every quarter and consumes a significant amount of an executive's time. During this short window of time, the goal is to produce consistent and predictable results that will, in turn, deliver a strong share price and a higher valuation. In order to keep up, priorities typically shift to the day-to-day execution of operations
This December, Alexander Proudfoot set out to make the holiday shine brighter for children in need. In a joint effort with the United Way of Greater Atlanta, we provided gifts for the children of the Lilian Webb Learning Center.
In recent discussions with several former C-suite executives, we had a chance to ask them why internal teams typically struggle to accelerate performance initiatives when the opportunity arises. David Eldon, former Chief Executive and Chairman of HSBC said, “Internal improvement teams can deliver good value, but are subject to a number of drawbacks.”
International Foundry Forum, Venice, September 2014
Alexander Proudfoot’s Head of Global Supply Chain, Jaymie Forrest was a keynote speaker at the International Foundry Forum’s annual trade summit on the 26-27th September 2014 in Venice, Italy.
Our Natural Resources Practice recently hosted a Summit Meeting in London that culminated in a dinner with guest speakers Jim Gowans, Co-President of Barrick Gold and Steve Mueller, President and CEO Southwestern Energy. With natural resource extraction undergoing a fundamental transformation,
Do your employees feel a connection in the workplace? If not, consider the following: Towers Perrin research reports companies that have engaged employees report a 6% higher net profit margin. In addition, Kenexa research concludes that engaged companies have shareholder returns that are five times higher over the course of five years.
Organizations dealing with rapid changes are often plagued with inconsistencies that limit production and produce erratic results. So why not devise a plan to stop wasteful practices and become more productive? Sounds easy enough, however gaining employee acceptance of a new approach can be extremely challenging. Two key elements must be considered for a large-scale project such as this to be a viable option: behaviors and change management.
Mining firms must transform in order to survive and they have begun to take inspiration from factory floors.
Through cost-cutting exercises or point solutions many companies have sacrificed productivity in exchange for growth and revenue, and the result hasn't been ideal,
Retail banking has its fair share of problems. What is clear is that when things go wrong, it is not because banks fail to comply with regulatory rules – the business model, company culture or business practices are usually to blame.
Mergers and acquisitions represent the ultimate challenge for any business -- no other event is more difficult, challenging or chaotic. A bad merger can leave a tarnished legacy where problematic cultural and process issues define the organization.
Mining and metals firms across the world suffered some serious challenges in 2013, according to an industry report recently released by global professional services firm PricewaterhouseCoopers.
Investors are demanding the world’s biggest mining companies produce sustainable cost reductions and not just defer spending after the industry’s profit fell to the lowest in a decade, PricewaterhouseCoopers LLP said.
In a move that signals more companies are comfortable taking on more risk in order to expand their operations, corporations are engaging in hostile mergers and acquisitions activity at the highest rate since the recession.
Group Seven countries, which include the world's leading economies outside the U.S., are often lauded for their productivity ratings, and according to one new study, the UK is running in the middle of the pack.
