Managing Innovation & New Technologies in the Upstream Oil & Gas Industry

This course, presented over 4 afternoons, is appropriate for anyone who is connected to the innovation-related aspects of their organization, who works in decision-making roles that are frequently impacted by the emergence of new technologies, or who wants to play a role in creating a more innovative environment within their business. No prior experience or training in this area is required for this course. Learning Objectives Develop an appreciation for the role of innovation in the success of oil & gas firms. Understand the industry-specific challenges of R&D in the oil & gas industry. Know how to be innovative even in a low-price or turbulent environment. Understand “open innovation,” and know a few ways that they can become open innovators who successfully leverage innovations and good ideas from other organizations and industries. Know how to articulate the potential value of oil & gas technologies, and to recognize the limitations of different valuation methods. Understand how innovation can help the oil & gas industry to survive and compete in a carbon constrained world. Develop an appreciation for how digital technologies like Big Data, cloud computing, Internet of Things, blockchain, etc. are changing the competitive dynamics of the sector. Understand how/why dominant designs emerge in the marketplace, but not always (and the market conditions that typically give rise to each scenario). Know how to connect your technology strategy to the larger strategic aims of your organization. Know how organizational designs impact innovation processes, thereby helping them to design organizations that are more innovative and successful in managing novel technologies. Understand tools and approaches for managing and tracking new product development and their organization’s R&D portfolio.