Critical Thinking and Decion Making in Oil/Gas Industry

 

 

Current changes in the oil and gas global market and the need for companies to remain afloat and ensure good bottom-line has made it very necessary for workers to think critically and make sound decisions as part of its transformational cost reduction strategy in reducing waste, ensuring high quality, productivity, boosting employees moral or internal culture, advance excellent customer satisfaction and good neighborliness.

 

This course explores critical thinking and decision making techniques to be an effective team member and manager in an organizational setting. Participants will focus on critical thinking and decision making methodologies and tools that could apply in various work and management concepts and processes that will help to create and maintain a high performance organization and in achieving desired goals.

 

Course outline:

 

  • Review of the global trend in the oil and gas market

  • Transformational changes required and desired by companies to meet up market demand

  • Understanding critical thinking and its essentials

  • Why critical thinking and how does it play in the oil/gas value chain and company’s operations

  • Six steps of Critical Thinking and different types of thinking

  • Critical thinking development and stages

  • Applying critical thinking in strategy formulation, planning and operational management

  • Analyze critical thinking methods, tools and techniques in business scenarios and operations in oil/gas industry

  • Apply critical thinking to problem identification and formulation

  • Understand ways to use critical thinking to mitigate risk and uncertainty in business and company’s operations

  • Evaluate corporate social responsibility and how critical thinking is applied to business scenarios

  • Aligning critical thinking and decision making in vision formulation, strategies, planning, operations and supply chain management

  • Understanding critical thinking and the application to the decision-making process

  • Characteristics of decision making and advantages

  • Consequences of poor decision making in operations management and leadership

  • Understanding the relationship between planning, strategies, operations and decision

  • Understanding the four key factors to a business decision

  • Understanding how to make effective decisions

  • Understanding prospect theory

  • Understanding and applying  the following in decision making : Decision Matrix Analysis, Pareto Analysis, Paired Comparison Analysis, The Analytical Hierarchy process, Conjoint Analysis, Decision Tree Analysis, The Quantitative Strategic planning  Matrix, Sensitivity Analysis and Fish Bone Diagram

  • Methods of incorporating creativity into the decision  making process

  • Identifying opportunities to apply innovation and creativity into decision making

  • Ethical issues and implications when making business decisions

  • Understanding the impact and effect of culture in decision making

 

Course Duration:    Nov 12 -20, 2018  -   Houston

 

School of Energy & Corporate Leadership (SECOL) is a global organization  that uses award winning experts in  providing training in the areas of energy, oil, gas, petrochemicals, regulations, law, leadership, organizational development , management, finance and economics. We believe strongly in the philosophy that humans are the greatest assets of any country or organization, and therefore should be nurtured with continuous quality training to enhance productivity, efficiency, effectiveness, reliability and competitiveness. SECOL will continue to create dynamic environment for capacity building, ensuring high performance, strategic agility, and leadership that would help organizations attain their goals and enable nations optimize socio- economic growth.