SMU, API Team Up to Develop Oil & Gas Leaders

August 5, 2009 at 3:56 am Leave a comment

SMU Cox Executive Education and the American Petroleum Institute announced an agreement that will blend the capabilities of both organizations to better prepare next-generation industry leaders for 21st century global energy demands. The new relationship will help the industry meet the changing leadership development needs mandated by today’s economic and business volatility.

“Being a global leader in oil and natural gas exploration and production requires forward-looking team leaders with the ability to manage near-term market challenges, while keeping their eye on the future,” said Jim Hackett, president, chairman and CEO of Anadarko Petroleum Corp. “Both API and the SMU Cox Executive Education programs represent high standards of excellence, and this collaboration has the potential to help develop the leadership capabilities that tomorrow’s successful oil and natural gas companies require.”

The new alliance will make SMU Cox Executive Education’s oil and gas programs available immediately to professionals at more than 400 API member companies. These programs include mastery in strategic leadership skills, strategic financial skills, and knowledge and management skills required by senior managers to tackle strategic, financial, leadership and operational issues.

It will also give SMU’s programs the benefit of the vast industry insight and knowledge resident in the API organization. By working together, API, through its API University, and SMU Executive Education provide powerful and unmatched leadership development opportunities to industry professionals around the world.

According to Frank Lloyd, PhD, associate dean of Executive Education at SMU Cox School of Business, three new trends have emerged that demand heightened excellence in oil and gas industry professional development. “First,” he said, “the demand for training in the ‘soft’ skills of leadership is outpacing that for ‘hard’ business skills like finance and accounting. In addition to delivering business results, managers at all levels are required to motivate and engage others, lead innovation and change, and make strategic decisions themselves.

“Second, developing these ‘harder’ leadership skills has become a strategic imperative that commands attention all the way to the CEO’s office. Finally, the interest is pervasive and extends to companies of all sizes in all parts of the world.”

“Our industry is at a crossroads,” said John Modine, API Director of Training and Certification Programs. “It will take leaders of extraordinary skill and wisdom to navigate the economic, regulatory and operational challenges facing the entire energy spectrum. Industry and technical certifications are a given, but these skills must be coupled with the ability to make wise decisions faster and more accurately. For that, leadership development is the key.”

Hackett agrees. “Affordable energy is fundamental to human existence, and training industry leaders to effectively address challenges and creatively find solutions is crucial in our continuing mission of finding and producing the energy resources our world needs.”

“Fortunately,” said Lloyd, “leading business schools are on the cutting edge of teaching the leadership skills that tomorrow’s oil and gas executives need to have a tangible positive impact in their companies’ successes. By combining forces with API, we at SMU Cox Executive Education continue to put the business squarely back in business school with a strong and targeted oil and gas focus.”

www.api.org

www.cox.smu.edu/executive_education/energy

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