Seminar for Senior Managers in the Oil and Gas Industry

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Presented by SMU Cox School of Business

Description
For more than 25 years, this high-powered seminar has brought together thousands of senior energy professionals from around the world to share ideas and strengthen their effectiveness with a broad-based business education. Your instructors are senior teachers with significant experience in executive development, business, consulting and energy industry practices. During the program, you’ll explore both theory and practice and tackle key strategic, financial, leadership and operational issues. You’ll meet and share ideas with executives from around the world and have ample opportunities to network and make acquaintances. Much of your time will be spent discussing industry issues—in small groups, in living classroom sessions, over meals and in recreational and social settings. The seminar is an intensive 10-day course of study that begins on Tuesday evening and concludes in the mid-afternoon on the second Thursday. This innovative format enables busy executives to participate without being out of the office for two full weeks.

Topics

Corporate strategy. The global context and its implications for managing in today's oil and gas firms; analyzing the competitive environment and defining performance; understanding the process of scenario planning; sustaining competitive advantage; strategy implementation in multinational settings; assessing the roles of diversification, divestiture, integration, and retrenchment in the overall restructuring process
Leadership. Leadership as a sustainable competitive advantage and identifying essential leadership competencies; examining organizational complexities and problem-solving strategies; personal awareness and effectiveness in facing conflict; leading effective organizational change initiatives
Financial accounting and managerial control. A practical approach to understanding the income statement, balance sheet and cash flow statement; cost behavior and cost-volume-profit relationships; analyzing annual reports—a hands-on assessment of financial performance using published energy company financial statements; measuring financial performance in energy companies by comparing full cost, successful efforts and other accounting methods used around the world; using the balanced scorecard to assess company performance
Corporate finance. Understanding the financial impact of operational decisions; estimating the firm's financing needs and determining levels of sustainable growth; assessing project economics—discounted cash flow techniques, quality of data, measurement used (payback, IRR, NPV), relevant cash flows, appropriate cost of capital; funding large projects and managing risk in the energy industry
Negotiation. Recognizing the danger of untested assumptions and the importance of setting accurate objectives; negotiation strategies for energy company managers—managing inter-organizational negotiations, partnerships, joint ventures and mergers; techniques for creating and claiming value—an in-depth simulation related to today’s global energy industry.

Benefits

Participate in stimulating classroom discussions on key leadership and industry topics
Learn how other companies have implemented successful strategies for survival and growth
Experience a practical "nuts-and-bolts" approach to learning—acquiring skills you can apply immediately
Prepare yourself for managing in a global context
Take time for introspection and self-assessment—analyzing your own leadership style and developing action plans for improving your management effectiveness
Learn to analyze competitive positioning and identify your firm's strengths and weaknesses
Gain a level of comfort with financial statements and acquire new tools for analyzing your firm's financial performance
Make valuable industry contacts and share strategies and ideas with an accomplished, international group of attendees
Prepare for advancement to a broader, more senior role in your company

Dates and Locations
Please visit our Calendar of Events for all upcoming courses.

To Register
Registration for 2010 courses will be available soon

Who Should Attend

Oil and gas professionals in positions of substantial general management responsibility
Anyone moving into such a position and seeking to improve their overall managerial effectiveness
Managers with significant managerial decision-making responsibility in a specific industry segment or functional area, such as exploration, production, transportation, refining, marketing, finance or human resources
Typical participants have more than 10 years of management experience, range in age from mid-30s to mid-50s, and have generally reached the division manager or large department manager level in major firms and somewhat higher in independent firms.

About the Instructor(s)
Jeff Austin, Ph.D., is a senior lecturer of accounting. He teaches managerial accounting, tax accounting and auditing in the undergraduate program. Before joining SMU, Austin served on the faculty of the University of Oklahoma, where he received outstanding professor and outstanding mentor awards. Austin has published articles in the “Journal of Accounting and Economics,” the “Journal of the American Taxation Association” and “Financial Services Review.” He also has served as an ad hoc reviewer for “The Accounting Review” and the “Journal of the American Taxation Association.” In addition to his career as a teacher and researcher, Austin has held consulting positions with Arthur Andersen and Price Waterhouse. He earned a master of science degree in accounting and a doctor of philosophy degree from the University of Georgia and has been a certified public accountant in the state of Missouri.

Michael R. Vetsuypens, Ph.D., professor of finance, teaches corporate finance and international finance in the undergraduate program, MBA program and executive MBA program. Vetsuypens’ research interests include leveraged buyouts, investment banking, the venture capital market, initial public offerings and CEO compensation. His studies has been published in the leading finance journals and presented at numerous professional finance conferences. A native of Brussels, Belgium, Vetsuypens speaks several languages. He has taught managers in the U.S., Europe, Japan, the Middle East and Latin America. His corporate executive education clients include ConocoPhillips, Anadarko, Valero Energy, Texas Instruments, PdVSA, Saudi Aramco and others. During his tenure at Cox, Vetsuypens has received numerous awards for excellence in teaching, research and community service. He holds a master’s degree and a doctor of philosophy degree in business administration from the University of Rochester and was selected as a Fulbright Fellow.

Jody Magliolo, Ph.D., is professor and distinguished chair in accounting. Magliolo taught accounting in the undergraduate and MBA programs at Carnegie-Mellon University and the Wharton School before joining Southern Methodist University. Magliolo’s primary teaching interests lie in the areas of financial accounting and financial statement analysis. His dissertation examined oil and gas firms’ “reserve recognition accounting” disclosures. These disclosures, included as a part of oil and gas firms’ annual reports, value firms oil and gas reserves using rules specified by accounting policymakers. Subsequent research analyzed the relations between proved reserve disclosures in the financial statements and the valuation of oil and gas firms. Magliolo’s excellence in the classroom has been recognized with teaching awards for graduate student instruction at Wharton and SMU. He is also the recipient of the Cox 1995 MBA Distinguished Teaching Award and the 1996 Research Excellence Award. Magliolo’s current research focuses on the interaction of financial accounting and regulatory issues in banks and insurance companies. He has published articles in the “Journal of Accounting Research,” the “Journal of Accounting and Economics,” the “Journal of Accounting, Auditing and Finance,” and “The Accounting Review,” where he has served as a member of the editorial board. He earned a bachelor of science degree in chemical engineering from the University of Texas and served as a process engineer for Union Carbide. He holds a master’s degree in business administration from the University of Texas and a doctor of philosophy degree from Stanford University.

Tassu Shervani, Ph.D., is an associate professor of marketing. He is also a consultant in the areas of strategy and organization, shareholder value, business models, innovation and business development. Shervani has taught in various executive education programs at Duke, Emory and the University of Texas. While teaching at the University of Texas Business School, he was twice selected as an outstanding faculty member by “BusinessWeek.” Shervani holds a master’s degree in business administration from Xavier Institute in Jamshedpur, India, and a doctor of philosophy degree from the University of Southern California.

Dr. Robin L. Pinkley, Ph.D., professor of management and organizations, is the creator of the gain-gain approach to profitable negotiation and founder of the M2M Center for Profitable Negotiation. Her research—which has garnered numerous fellowships, grants and awards—focuses on the sources and consequences of negotiator power, the use of strategic anchors for enhancing opponent perceptions of negotiated value, the implication of “fair” as an outcome heuristic and the strategic application of “value context theory." Before coming to SMU, Pinkley served as visiting professor of organizational behavior at the J. L. Kellogg Graduate School of Management at Northwestern University. She is a frequent speaker in management development programs and a negotiation consultant for government organizations in six countries and dozens of blue-chip corporations, including Accenture, Allstate Insurance, General Electric, JP Morgan Chase, Kodak, Lockheed Martin Vought, Macy’s, Mobil, NASA, SBC Communications, Sony Ericsson, State Farm Insurance and Yahoo! Pinkley has been featured as an expert on negotiation in a range of media, including ABC, CBS, CNN, NBC, NPR, “Wall Street Journal,” “New York Times,” “Chicago Tribune,” Washington Post,” “US News and World Report,” “Money,” and “Fortune.” With Greg Northcroft, Pinkley is the author of “Get Paid What You're Worth: The Expert Negotiators Guide to Salary and Compensation.” She is also the author of numerous scholarly articles on negotiation and managerial conflict resolution, which have appeared in leading psychology and conflict management journals. Pinkley holds a doctor of philosophy degree in social psychology from the University of North Carolina in Chapel Hill.

Warren Wilhelm, Ph.D., is the president of Global Consulting Alliance. A management consultant for more than 20 years, Wilhelm is an expert in leadership development, organization development, human resource management and large-scale organizational change. He is former head of organization and management development for Amoco Corporation and former vice president of corporate education for Allied Signal Inc. Wilhelm holds a master’s degree in business administration and a doctor of philosophy degree from Harvard University.

Michael F. van Breda, Ph.D., associate professor of accounting, teaches managerial accounting at the undergraduate and graduate levels. He also teaches accounting theory, financial accounting and advanced topics in accounting. In 22 years of teaching at SMU, van Breda has served as chairman of the Accounting, Business Law and Tax departments; director of the SMU-in-Oxford program; and director of the Graduate Certificate Program in Finance. He has received numerous teaching awards. Van Breda is the author of “Prediction of Corporate Earnings and Accounting Theory” and numerous scholarly articles. His primary research interests are accounting theory and accounting history. Van Breda completed his undergraduate studies in pure mathematics and theoretical physics at the University of Stellenbosch. He holds a master’s degree in business, summa cum laude, from the University of Cape Town and a doctor of philosophy degree in accounting from Stanford University.

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