ACCELERATING INNOVATION IN ENERGY（英文版）(ppt 22页).ppt

1、txho/11022 ho0402 color.ppt,ACCELERATING INNOVATION IN ENERGY,Energy is Key . . . Now,October 22, 2001,This report is solely for the use of client personnel. No part of it may be circulated, quoted, or reproduced for distribution outside the client organization without prior written approval from Mc

2、Kinsey it is not a complete record of the discussion.,txho/11022 ho0402 color.ppt,1,TODAYS DISCUSSION,Capital markets: ruthless driver of innovation Creative destruction in the Energy Industry What can Houston do to lead innovation in Energy?,txho/11022 ho0402 color.ppt,2,LONG-TERM SURVIVAL IS DIFFI

3、CULT, AND GETTING MORE SO,Note:Number of exits averaged over twenty year period Source:McKinsey analysis,1935,1955,1975,1995,2005E,The S McKinsey corporate performance database,Years in sample,TRS relative to industry average,1,5,10,15,20,-10%,-5%,0%,5%,10%,15%,25,Survivors curse,Total return to sha

4、reholders relative to industry of “new entrants” into top 80% by market cap*,Attackers advantage,.becomes,txho/11022 ho0402 color.ppt,9,SURVIVORS UNDERPERFORM BECAUSE THEY FAIL TO CREATE, INNOVATE, AND EXIT QUICKLY ENOUGH,The survivors mental model focuses on protecting the core business Survivors a

5、re paralyzed by fear of Product cannibalization Customer conflict Dilutive acquisition,Survivors suffer from cultural lock-in,Sales,Time,Vision, ideas, passion,Inability to innovate,Focus on operations,Denial,Rationality,Creation and innovation,txho/11022 ho0402 color.ppt,10,Stock price CAGR 44% (vs

6、. S analyst reports; press releases,Business separation,txho/11022 ho0402 color.ppt,17,THE REINVENTION OF BP,Portfolio pruning,Business model innovation,Attacking through consolidation,1985-92 Divested noncore lines of business Nutrition (BP Nutrition) Computing Services (Scicon) Coal (BP Coal) Mine

7、rals (Selection Trust) Acquired strategic core assets Sohio Britoil,1992-98 Performance-driven business units Peer group/collaborative performance management Outsourced noncore functions (accounting, IT),1998 Amoco ARCO Vastar Burma Castrol Veba,txho/11022 ho0402 color.ppt,18,INNOVATION IN THE OIL I

8、NDUSTRY,Halliburton Anadarko Schlumberger Core Labs,Company,txho/11022 ho0402 color.ppt,19,TODAYS DISCUSSION,Capital markets: ruthless driver of innovation Creative destruction in the Energy Industry What can Houston do to lead innovation in Energy?,txho/11022 ho0402 color.ppt,20,CAN HOUSTON BUILD A

9、N INNOVATION NETWORK?,The value of the network is clear: Increased cross pollination of ideas Specialized talent flow Better flow of smart capital Challenging, but supportive environment,Increase and growth in software companies,Challenging competition among peers,Supporting infrastructure,Demanding

10、, participative customers,Talented, entrepreneurial employees,Elements of Silicon Valleys self-reinforcing network,txho/11022 ho0402 color.ppt,21,WHAT ROLE CAN LEADERS TAKE TO INCREASE FOCUS ON HOUSTON?,Public energy policy,Government funding,Talent,New companies,txho/11022 ho0402 color.ppt,22,WHAT AVENUES