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GLOBAL ENERGY RISKS Risk Group LLC. PRESENTATION FOCUS.
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GLOBAL ENERGY RISKS • Risk Group LLC
PRESENTATION FOCUS The presentation focuses on enhancing our understanding of the Energy Industry-its Risks, Impact of Globalization and the role Emerging technologies and Industries that could collectively play for the advancement of this critical industry!!
INTRODUCTION • Age of Knowledge Management • Age of Globalization • Age of Innovation • Age of Uncertainty • Age of Changes • Age of Adaptation
21ST CENTURY • Opportunities • Obstacles • Challenges
ENERGY INDUSTRY Energy Sources Oil, Natural Gas, Electricity, Coal, Nuclear Power, Alternative Energy Sources Hydrogen, Solar, Wind, Ethanol Nano Energy
NANOENERGY Nano Energy
Training Risks Piracy Risks Business Risks Competition Risks Investment Risks Social Risks Shortage Risks Knowledge Risks Societal Risks Price Risks Market Risks Environmental Risks Lack of Studies Risks Resource Risks Education Risks Strategic Risks Geo Strategic Risks Operational Risks Organization Risks Commercialization Risks Energy Risks Public Perception Risks Supply Chain Risks Litigation Risks Legal Risks Financial Risks Infrastructure Risks Credit Risks Cultural Risks Regulatory Risks Infrastructure Risks Policy Risks Global Risks Investment Risks Liability Risks Instability Risks Political Risks Planning Risks Economic Risks Isolation Risks Security Risks Innovation Risks
ENERGY: VALUING RISK MANAGEMENT Energy Industry Innovation Development Risk Assessment Risk Management Planning Energy Industry Post-Commercialization Risk Management Planning Energy Industry Pre-commercialization Risk Control Energy Industry Commercialization
WHAT IS THE GAP? Where are we today? • Nations • Industries • Businesses • Organizations • Opportunities • Risks • Research • Products • Sales • Revenues • Marketing • Supply Chain Where we want to be? • Nation • Industries • Vision • Opportunities • Risks • Revenues • Alliances ENERGY
HOW DO WE GET TO WHERE WE NEED TO BE? Transforming Events Future State Prior State • Lack of connection to the National Vision • Lack of Direction • Inefficient Processes • Duplicate Efforts • Lack of Priorities • Improved Communication between Government and Industries • Risk Management Office • Strategic Planning Office • Changes • Government knowledgeable of Tools, Direction and Activities • Manage Industries with a Global Vision • Proactive Approach
NATIONS AND ITS FOREIGN POLICIES ENERGY ENERGY
Think how much more successful every Nation would be if its Important Decisions were made from a • List of Value Creating Alternatives to Current National Strategy • The Value Creating Potential of each Alternatives were stated • And the Risks of all Alternatives clearly understood
There is little doubt that better choices would be made Unfortunately most Nations, its Industries and its Organizations lack an Effective Process and set of tools for Building the Foundations of Good Strategy at any level-at the top or within their Units
SUMMARY Pro-Active, Formal, Structured Approach of Managing Energy Risks over Reactive and Informal Approach will be a required competency for all the Nations, its Industries and its Enterprises in the coming years.
CONTACT DETAILS Dr. Jayshree Pandya Office: (281) 302-6500 Mobile: (832) 971 8322 Fax: (281) 201-4623 Email: jpandya@riskgroupllc.com Web: http://www.riskgroupllc.com