Gigantic Energy Tiger corporation is at a crossroads. Short term shocks to the market like the pandemic and geopolitical conflict over oil prices have impacted the bottom line. Long term changes such as public and governmental attitudes are also getting the attention of management.
The Tiger Corporation must choose strategies to pursue over the next 30 years of transition from a fossil-fuel energy economy to an equally complex future economy. The goal is to maintain a sustainable enterprise (in more ways than just environmental sustainability) over a longer time scale. If all of the capital is consumed, like today’s food, by the Tiger, then the corporation will weaken, starve, and cease. If all of the wiles and smarts pursue current energy infrastructures, then the hunt will be harder with unpleasant unlearned lessons. To serve the Tiger’s needs in a sustainable manner many good choices need to be made – and resources banked against bad choices now that have to be fixed in the future.
The Tiger corporation must be resilient to withstand external changes that force selection amongst unforeseen choices. Resilience is the capacity to suffer impacts if the global business landscape sees political, biological (SARS-CoV-19), or economic upheaval – and then have the capability to implement the steps necessary to thrive in a changed landscape.
The Tiger corporation must be agile to decide, plan, implement, and deploy actions to transition the corporation from what it is now to what it must become. Agility is measured by the actions and rate of change that the corporation performs. The actions will change resources, know-how, and process affecting stakeholders inside, and outside, the corporation.
To survive now, and for decades to come, the Gigantic Tiger corporation must be able to perform with agility, possess resilience, and achieve sustainability.
As with all good fables, this is easier said than done! Come back next week to read our next story in our series about Agility, Resilience, and Sustainability.
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