Waypoints: Ideas and Insights to Navigate Enterprise Complexity

Just about every business that creates a business plan will project some growth. While it’s important to set an intention around growth at the start of the year, it takes more than just a number in a forecast to successfully grow throughout the year. In many cases, it will take new money to make new money. Does your business plan account for the funding necessary to support your growth projections?

All industries are experiencing disruption in today’s environment, but few are experiencing it to the degree the energy industry is, especially those in the electricity sector. The industry faces government regulations, security threats, demographic shifts, storage limitations, consumer demands, technological changes, shifts in public perception and supply chain transformations, just to name a few. At first glance, one might feel overwhelmed at the task at hand, adapting to the changes currently bombarding the industry, while simultaneously anticipating future opportunities so not to be disrupted by change but rather help drive it!

I’ve always heard that you never know how strong you are until you’re faced with adversity. If that’s the case, companies in the oil and gas industry, as well as businesses that provide services to them, have had plenty of opportunities to demonstrate their strength lately. Time and time again the oil and gas industry has been faced with serious challenges and has always emerged stronger and more competitive.

I was talking with a CFO recently, and he shared with me how hard it is for his company to hire and keep qualified employees. He asked me how HORNE has managed to establish and grow a loyal, talented workforce, and I told him about some of our initiatives to develop our team members and help them to grow personally and professionally. His comments raised an important question. Are you finding it harder to recruit and retain qualified, talented employees?