August 1998

Management Guidelines

The changing hydrocarbon processing industry

Find out how top executives of some international oil, chemical and engineering companies cope

Chevriere, J. P., Transmar Consult Inc.

In today's hydrocarbon and engineering industries, change is seen as a constant companion with reengineering, downsizing and "right sizing" ubiquitous phenomena. Familiar signposts disappear, old rules of thumb become worthless – or worse yet, misleading – and leaders seem hesitant and unsure of themselves. Some change is viewed as a good thing: a form of progress, bringing the benefit of greater efficiency and profit. However, few are hailing change as a wonderful thing. Given the rule of constant change, it is more important than ever for decision-makers to understand consequences of rapidly metamorphosing events. Executives need a clear picture of what is happening and how

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