We had a MBA graduate from INSEAD applying for a job. He is transformation deployment manager. My boss asked him what is your job about. He started BS about transformation and how it is making company leaner, efficient and best in industry. My boss then asked him to explain stocks and financial performance vs transformation implementation. The candidate face turned so red. It was priceless. Haha. He didnot get the job.
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-8ksx.......most intelligent thing I have seen on this board. So much trolling on this site is done by folks that love how smart phone and tech has transformed their personal lives but can't understand that same is happenening to their work place. Adapt or die
It is an easy answer: Transformation is all about reducing costs by commoditizing all resources that can be commoditized, and by streamlining high-volume services that can be rationalized. In other words adopt and replicate the McDonald's fast-food model where possible, and go from Schlumberger to Schlum'Burger: Define a limited number of burger recipes, that will taste the same consistengt anywhere offered around the world, people will buy them because they know what they'll taste like anywhere they are prepared, hire and employ people with little to no qualifications if any, pay them peanuts. There's also a third component that's focused on leveraging IT (information technology) as much as possible, including automation and artificial intelligence, to improve productivity, reduce dependence on people, improve the safety of processes, and ensure consistent "taste" anywhere the company operates. I think the IT part is also central at managing employees employment cycle, from hiring to termination, in an already predefined manner. The IT part will also ensure enough "big data" is collected and available for future analysis and decision making. Not to mention, that such data collection, will assist "Big Brother" keep an eye on employees, reaching all the way into the IP (intellectual property) sphere, and other legal aspects. If you ask me, that's not a bad approach: "Risk Management" at its best ! Fighting and competing for market share in high-volume low-tier markets, requires managing cost by commoditizing the required resources. The traditional highly-educated, highly-motivated and smart people who made the company what it is today, may not like it, but the company is not a young start-up anymore (some may say even "depreciated"), and transformation is a necessary evil. I said "where possible", because some markets will continue to require some of the company's more profitable unique services. But managing the remaining (still-employed) employee morale and high-tier employees flailing loyalty, will make or break what's left of the company during this deep and long downturn. It's a complex equation that should also take into account the other competitors similar transformation initiatives, so only time will tell whether Schlumberger's own transformation was implemented right or not.
Nobody can deny company is being transformed by PK and his team
Albeit in the wrong direction
i give him an A for his honesty expression. you know transformation lead company nowhere.