Jul 28, 2015
The power sector corporate strategy
study is now underway and is scheduled to be released later this
year, as part of our Executive Program. This is the first of many
podcasts to discuss the progress in the power sector study,
including paramount challenges and choices the client and the team
We decided not to live blog this
study. We decided to put out frequent, almost daily, podcasts and a
stream of articles explaining the issues. Given the intensity of
the study, we hope to keep to this schedule and will do our very
best, but forgive us if we are forced to skip many days. In fact,
during one podcast recording session, the power went
In this first podcast, we delve into
intricacies of the power sector in North Africa / Southern Europe.
We also discuss the incredibly difficult choices countries and
companies have to face in this rapidly growing resources
strapped part of the world, along with mind-numbing
permutations for each option and the huge costs involved. A single
power station can cost over a billion dollars.
We also zoom in on the personal /
leadership challenges the senior management team, including the
CEO, often face. These problems are usually swept under
the rug by companies and consulting firms. Yet, failure to address
these challenges results in enormous human and financial cost.
In fact, on a study such as this the trade-off for the management
team is usually career success vs. personal happiness. We find that
clients struggle to achieve both. They typically focus on career
success through the study, while sacrificing personal happiness
which becomes corrosive to their careers in the long-term. They
typically burnout as a result of this.
We discuss some of the changes we
introduced at Firmsconsulting to deal with this trade-off for