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Oil and Gas Investor - Retaining Top Talent during the Oil Downturn
Following a five - year boom, the oil industry is experiencing a downturn due to falling prices at the pump.Steven Goodman, who leads missionario Zehnder's Energy practice, says executives at oil companies can take advantage of this time to strengthen and enhance their core leadership teams. Writing forOil & Gas InvestorGoodman, explains how CEOs who who retain top talent generally focus on five leadership practices: turning company survival into a collective journey;Utilizing the board for their perspective.Honesty and transparency with employees;Simple self - awareness;And building a healthy team culture. "Downshifting from leading to managing is only one type of regression that can occur in high - stress situations," Goodman warns. "CEOs who need to be particularly self - aware and on the lookout for common leadership derailers. A history of trust between the board and CEO allows the board to difference unvarnished feedback in this critical area."
The Full story: Steven v. Goodman:Leveraging the Downtown, an article for Oil and Gas Investor (1 out of 2015).
