oil price management assignment question during the period 20142016 the oil and g

Assignment Question During the period 2014-2016 the oil and gas sector underwent an oil price drop. This led to a fall in profits for the various types of firms operating in that sector for example, International Oil Companies, National Oil Companies and Oil field service providers. When sectors face difficult times firms are faced with strategic choices and changes to make. These changes could be cost efficiencies, merger and acquisition, redundancies, restructuring, diversification, entering new markets, moving out of markets and divestment, amongst others. Change can be difficult for firms and employees. Therefore, in order to bring about successful or stabilising strategy in such challenging times a change management process needs to be carefully implemented. Many O&G companies are at a crossroads with a chance to make lasting changes for the better. Players that adapt, survive and prosper while the oil price is low will emerge with a sustainable business model that could reap rich rewards in more favourable times. – From: Opportunities-in-adversity-strategies-for-a-lower-oil-price (PwC, 2015) Choose one firm operating in the energy sector, focusing on the period of 2014-2016. Write a 2,500-word report critically analysing your chosen firm’s changes in strategy and the firm’s change management process. Your report is expected to include one change management model. Your report should consider the following: Evaluate the changes implemented by the firm during the period of 2014-2016, including an assessment of the drivers for the changes. Clearly and logically structured material, showing excellent understanding of the discipline. Accurate spelling, grammar, punctuation, paragraphing. Systematic, accurate identification of relevant concepts, theories and/or principles. Information or data selected from a broad range of highly relevant, current primary and secondary sources, and categorised, analysed or evaluated using relevant, self-determined methods or techniques. Eloquent, professional writing style, appropriate to the assignment OR professional, engaging, confident, audible and well paced presentation. Sophisticated use of technical vocabulary, where appropriate. Exceptional, in-depth understanding of factual and conceptual material, including understanding of the limits to knowledge in this area. Well developed, perceptive, coherent arguments, systematically referencing primary and secondary literature, including competing perspectives, with clear rationale for choices. Professional, creative visual presentation, including font, spacing, margins, headings, graphics, images and appendices. Calculations are accurate, clearly set out, with excellent, precise explanations. Exceptional integration of theory and practice, using appropriate conceptual frameworks. Correct and systematic use of academic conventions, references and bibliography. Independent, wide-ranging, highly relevant reading and research, from authoritative primary and secondary sources. Exceptional application of numerical and statistical methods to defined complex problems. Exceptional, consistent, flexible delivery of group work obligations. Proactive leadership, accepts responsibility and ameliorates conflict. Undertakes complex tasks. Substantiated, highly relevant recommendations generating novel solutions. Excellent awareness of ethical issues. Exceptional, well articulated reflection on own strengths and weaknesses in relation to defined professional and practical skills. Identifies and follows up required actions. PM303 / POG303 Strategic Management Spring 2017 Coursework Brief GSM LONDON Page 5 of 9 70 – 85% FIRST (1ST) Includes all required factual content, accurately and succinctly summarised. Well developed, relevant, reasoned introduction and conclusions, demonstrating some originality. Within word count or presentation time. Includes relevant factual content only. Clearly and logically structured material, showing excellent understanding of the discipline. Accurate spelling, grammar, punctuation, paragraphing. Systematic, accurate identification of relevant concepts, theories and/or principles. Information or data selected from a good range of relevant, current primary and secondary sources, and categorised, analysed or evaluated using relevant, self-determined methods or techniques. Fluent, professional writing style, appropriate to the assignment OR professional, engaging, audible and well paced presentation. Excellent use of technical vocabulary, where appropriate. Excellent, in-depth understanding of factual and conceptual material, including understanding of the limits of knowledge in this area. Well developed, coherent arguments, systematically referencing primary and secondary literature, including competing perspectives, with clear rationale for choices. Professional, creative visual presentation, including font, spacing, margins, headings, graphics, images and appendices. Calculations are accurate, clearly set out, with excellent explanations. Excellent integration of theory and practice, using appropriate conceptual frameworks. Correct and systematic use of academic conventions, references and bibliography. Independent, wide-ranging, relevant reading and research, from authoritative primary and secondary sources. Excellent application of numerical and statistical methods to defined complex problems. Excellent, consistent, flexible delivery of group work obligations. Proactive leadership, accepts responsibility and ameliorates conflict. Undertakes complex tasks. Substantiated relevant recommendations generating novel solutions. Very good awareness of ethical issues. Excellent, well articulated reflection on own strengths and weaknesses in relation to defined professional and practical skills. Identifies and follows up required actions. 60 – 69% UPPER SECOND (2:1) Includes most required factual content, mostly accurately and succinctly summarised. Relevant and valid introduction and conclusions. Within word count or presentation time. Includes relevant factual content only. Clearly structured material, with some gaps in logic, but showing good understanding of the discipline. Mostly accurate spelling, grammar, punctuation, paragraphing. Mostly systematic and accurate identification of relevant concepts, theories and/or principles. Information or data selected from mainly relevant primary and secondary sources, and categorised, analysed or evaluated using relevant methods or techniques but with minor gaps or misunderstandings. Mainly fluent, professional writing style, appropriate to the assignment OR mainly professional, engaging, audible and well paced presentation. Good use of technical vocabulary, where appropriate. Very good understanding of factual and conceptual material, showing some appreciation of the limits of knowledge in this area. Mostly coherent arguments, with some perceptive points, mostly systematically referencing well selected primary and secondary Mostly professional, creative visual presentation, including font, spacing, margins, headings, graphics, images and appendices. PM303 / POG303 Strategic Management Spring 2017 Coursework Brief GSM LONDON Page 6 of 9 literature. Calculations are mainly accurate, clearly set out, with good explanations. Good integration of theory and practice, using appropriate conceptual frameworks. Mostly correct use of academic conventions, references and bibliography. Independent reading and research from a range of mostly authoritative primary and secondary sources. Mainly good application of numerical and statistical methods to defined complex problems, with some gaps, errors or misunderstandings. Consistent delivery of group work obligations. Some leadership and ability to accept responsibility and modify responses. Undertakes non-routine tasks. Some relevant recommendations generating some novel solutions. Satisfactory awareness of ethical issues, where relevant. Clear reflection on own strengths and weaknesses in relation to defined professional and practical skills. Partial identification of required actions. 50 – 59% LOWER SECOND (2:2) Includes most required factual content, but with some gaps or misunderstandings. Satisfactory introduction and conclusions. Within 10% of word count or presentation time. Includes some irrelevant factual content. Mostly clearly structured material, with some gaps in logic, demonstrates an understanding of the discipline. Some mistakes in spelling, grammar, punctuation, paragraphing. Adequate identification of relevant concepts, theories and/or principles. Information or data selected from mainly secondary sources, and categorised, analysed or evaluated using mostly relevant methods or techniques but with gaps or misunderstandings. Writing style is appropriate but not always fluent or professional OR a presentation that is not always professional, engaging, audible or well paced. Some use of technical vocabulary, where appropriate. Satisfactory understanding of factual and conceptual material, but not indepth. Limited appreciation of the limits of knowledge in this area. Satisfactory arguments, referencing mostly secondary literature and including some personal opinion Appropriate visual presentation, including font, spacing, margins, headings, graphics, images and appendices. Calculations may have some inaccuracies, or issues relating to set out and explanation. An adequate attempt to relate theory to practice, using appropriate conceptual frameworks. Inconsistent use of academic conventions, references and bibliography. Adequate independent reading and research from mostly secondary sources. Adequate application of numerical and statistical methods to defined complex problems, with some gaps or errors. Inconsistent delivery of group work obligations. Some awareness of responsibility and options. Undertakes mostly routine tasks. Basic recommendations, which do not generate novel solutions. Satisfactory awareness of ethical issues, where relevant. Some evaluation of own strengths and weaknesses in relation to defined professional and practical skills. Limited identification of required actions. 40 – 49% THIRD (3RD) Includes limited required factual content, with many gaps or inaccuracies. Basic introduction and conclusions. Within 10% of word count or presentation time.

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