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Disruption – a Constant for the Energy Sector in the Coming Decade

Monday, September 16, 2019/ Editor -  

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  • BCG held a C-Suite roundtable at the World Energy Congress 2019 exploring what it will take for energy players to win in the coming decade
  • This includes accelerated corporate action, organizational change, and optimization of social & business value as a result of pressures from digital transformation, energy transition and increased volatility
 
Abu Dhabi, September 16, 2019 : Boston Consulting Group (BCG) has paved the way forward for increased corporate action from energy sector players in the changing business environment of tomorrow following an exclusive, invitation only roundtable discussion held on the sidelines of World Energy Congress 2019, which took place in Abu Dhabi.
 
“Aligning strategic imperatives to the disruptive forces in energy will be essential for organizations across the energy value chain to thrive,” said Bjorn Ewers, Managing Director and Partner at Boston Consulting Group. “Industry executives had an opportunity to reflect upon the key trends shared by BCG at the World Energy Congress, and reflections that will shape the path forward for the coming decade were initiated.”
 
Building on BCG’s ‘Winning in the 20s’ framework, the roundtable dialogue centered on three presentations from globally leading BCG representatives aimed towards addressing how leaders can address dynamic shifts within the Energy Sector’s competitive landscape. The three topics included:
 
• ‘The digital challenge: From proof of concept to impact at scale’ by Michael Buffet, Managing Director & Partner, BCG Norway
• ‘The climate disruption: Myths, realities and implications on the energy industry’ by Dr. Patrick Herhold, Managing Director & Partner, BCG Germany
• ‘Managing the new architecture of risk’ by Raad Alkadiri, Senior Director, BCG Center of Energy Impact, USA
 
“Success in the coming decade will be dictated by companies’ willingness to come to terms with the possible outcomes of their corporate actions and leadership strategies,” added Ewers. “Remaining agile and robust enough to adapt in order to mitigate risks and carve-out opportunities is crucial. Those that manage to start thinking seriously about the impact of disruptive ecosystems will be able to master the new logic of the competitive industry of tomorrow.”

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