Remove 2004 Remove Efficiency Remove Operations Remove Productivity
article thumbnail

Oil Patch Problems: Rigs Down 60%, Production Down 3%, $40-$50 Price Doesn't Work

MishTalk

So even as rig counts collapsed, production is barely off the highs, at a price that isn't even profitable. Crude has not hand a monthly close below $40 since mid-2004. But the recent drop toward $40 a barrel and below puts even the most efficient operators in a bind. oil producer, said in an interview.

article thumbnail

The Comprehensive Business Case for Sustainability

Harvard Business

This can disrupt a firm’s ability to operate on schedule and budget. Of the respondents, 72% said that climate change presents risks that could significantly impact their operations, revenue, or expenditures. ” Improving risk management.

Study 28
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Companies Are Already Using AI

Harvard Business

IT was using AI to resolve employees’ tech support problems, automate the work of putting new systems or enhancements into production, and make sure employees used technology from approved vendors. What about the automation of the production line? And it wasn’t just to detect a hacker’s moves in the data center.

Company 43
article thumbnail

Great Corporate Strategies Thrive on the Right Amount of Tension

Harvard Business

An example of strategic burnout can be found at Lego around 2004. A turnaround subsequently lowered strategic stress to a productive level by discontinuing many of their seemingly unrelated projects, re-focusing on their core business, as well as streamlining operational processes that improved coordination activities.

article thumbnail

The Reinvention of NASA

Harvard Business

Since the Apollo program, NASA has faced funding cuts, competition from other nations for space leadership, and a radical restructuring of its operating environment due to the emergence of commercial space – all of which have forced the organization to change its ways of thinking and operating. Adapting to change.

article thumbnail

The U.S. Media’s Problems Are Much Bigger than Fake News and Filter Bubbles

Harvard Business

Political campaigns are marketing campaigns, messages aimed at selling a product. The implications are threefold: The best product doesn’t always win. Even if you have the best product or candidate, if you run a hub-and-spokes campaign, you’ll attract followers one by one. Yet by 2004 its market share was down to 3%.

Media 40
article thumbnail

What You Won’t Hear About Trade and Manufacturing on the Campaign Trail

Harvard Business

They ignore the realities of how global manufacturing now works — how it has evolved into a complex network of interlinked factories that together build many of the products sold today. Generally, what we see is the country where the final assembly of a product took place. A big reason is technological complexity.