Guest Lectures Flashcards
SHELL: In a troubled world, three key drivers of change emerge. Which ones are those?
- Rising energy costs, food prices and inflation.
- Global surface temprature.
- Accelerated technological change.
SHELL: There is a massive difference in global energy access and use. It excists 10 million home swiming pools in USA (=4000+kWh per year each for water circulation + 40 TWh per year for pool electricity). Nigeria equals 40TWh per year of total energy consumation.
How is Shell working for more renewable energy?
Shell is investing in renewable energy sources like solar, wind, and biofuels. They are developing solar power projects and expanding their wind energy portfolio.
How is Shell fostering innovation in the energy sector?
Shell has established innovation hubs and collaborateds with startups, research institiutions and industry players.
- Affordable and intergrated end-to-end sthecnology solutions
-Drive continious innovation to bring costs down
-Building on others: collaborate with external companies to develo and mature thecnologies.
How is Shell leveraging digital technologies in its operations?
Shell is using digital technologies and data analytics to optimize operations and improve energy efficiency.
SHELL: Shells longterm focus on techonongy and innovation?
-Learning form experience
-Entreprenueial
-Managed as a portfolio
-Radical with open innovation
-Open to radical innovation
What do “Green Dreamers” in energy transition focus on?
Rapid shift from oil and gas and reduced energy demand.
Green Dreamers focus on quickly changing to renewable energy and caring a lot about the environment. They support strong rules and investigating in green energy transitions? For example Netherlands, Scandinavia.
What is the “Great Wall of Change” in energy transition?
China led low-carbon infrastructure push.
It’s a way of changing energy use because of outside pressure, like new laws or big environmental problems. These changes happen more slowly and are about adapting to new situations. For example China.
What are “Surfers” in energy transition?
“Surfers” quickly use new energy technologies and ideas to their advantage. They’re not the first to change, but they’re quick to join in when they see a good opportunity.
What is the “Innovation Wins” approach to energy transition?
New solutions with rapid commercialasion.
This approach is about coming up with new ideas and making them available for everyone to use quickly. It’s about leading the change with new inventions and getting them to the market fast. Still pretty oil-driven countries. For example, USA.
Describe McKinseys three horizobs model
The McKinsey Three Horizons Model is a strategic framework that helps organizations manage and balance their innovation portfolios over different time horizons.
Horizon 1 (Optimize and Extend):
- Short-term focus on core business operations.
- Low-risk optimization of existing products and processes.
Horizon 2 (Build and Grow):
-Medium-term focus on adjacent opportunities.
- Moderate-risk exploration of new products and markets.
Horizon 3 (Create and Disrupt):
-Long-term focus on transformational innovation.
-High-risk pursuit of disruptive products and business models.
What does Horizon 1 represent in the McKinsey Three Horizons Model?
Horizon 1 represents the Mature Business. It’s about keeping and improving the main part of the business that makes money right now. This involves defending current positions, extending market share, and increasing profitability through efficiency.
What is the focus of Horizon 2 in the McKinsey Three Horizons Model?
Horizon 2 is about Rapidly Growing Business. This is the phase where companies build new businesses that will grow fast and become big. It involves investing and making detailed plans for these new ventures.
What is the objective of Horizon 3 in the McKinsey Three Horizons Model?
Horizon 3 is the Emerging Business phase. It’s about looking for new opportunities and ideas that could be big in the future. Companies make small bets on several of these to see which ones might work out. They explore new ideas and start planning for futureprojects.
Shell: Innovation
Innovate when there is no demand. We need to work with innovation on both a local and global way, colloborate and adjust. It needs to be a balance between society and demands. Build neew or combined value chains through collaboration ultilizing with for example local comapnies and goverments.
