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Strategy to Develop Corporate Research Institute for an Oil Major

Situation

  • Russia’s biggest vertically integrated oil and gas company needed a development strategy. Included in this was restructuring of a scientific complex made up of 10 research, development (R+D) and project institutes

Goal

  • To develop and implement these plans. This included: portfolio strategies for the management of the company’s R+D institutes along with development strategies for each R+D unit

Our approach

  • Analyzed the external environment: similar institutes already on the market and offering similar services; the market price for these services
  • Internal analysis of R+D, geological research, development and project implementation in the company, and evaluation of the efficiency of R+D actions
  • Analyzed competence levels among staff; the technological and innovation potential of R+D; and the quality of ties with partners
  • Analyzed competing R+D programs on the market; analysis of the brand range; and development of alternative R+D development strategies
  • Identified a direction for R+D to develop and analyze requalification / change in function options for R+D work derived from the problems R+D faces and R+D potential
  • Defined the cost base, growth points and an attractive direction in which to move

Results

  • An alternative development strategy and recommendations to increase operational efficiency were created
  • Identified possibilities to develop and grow R+D
  • An R+D portfolio management strategy along with an R+D department strategy were developed
  • Recommendations for organizational changes to regulate activities were presented

 

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