In this episode, Dr. Lance Mortlock (linkedin.com/in/dr-lance-mortlock-01b36b22), a Managing Partner at Ernst & Young (EY) and energy transformation expert discusses his journey in the energy sector, cultural adaptations, industry resistance to change, and the accelerating pace of innovation. He emphasizes digital transformation and energy transition, drawing insights from his book 'Disaster Proof' and introducing his upcoming book 'Outside In Inside Out'. The conversation highlights the need for effective talent management and strategic planning in the energy landscape.

Takeaways

• Dr. Mortlock's journey reflects the importance of adaptability in diverse cultures.
• Resistance to change is a common challenge in the energy sector.
• Organizations need to embrace digital transformation to stay relevant.
• Scenario planning is crucial for managing risk and uncertainty.
• Talent management strategies are essential for long-term success.
• The energy transition requires a balance between sustainability and affordability.
• Effective communication is key to executing strategic initiatives.
• Leaders must prioritize long-term thinking over short-term gains.
• Innovation in technology is reshaping the energy landscape.
• The intersection of internal and external strategies is vital for success.

Chapters

00:00 Introduction to Dr. Lance Mortlock

02:32 Dr. Mortlock's Journey in the Energy Industry

06:00 Cultural Adaptability in Global Energy Markets

09:22 Resistance to Change in the Energy Sector

12:34 The Acceleration of Change Post-COVID

14:27 Trends in Digital Transformation and Automation

17:44 The Importance of Talent Management

19:04 Insights from 'Disaster Proof' Book

23:23 Overview of 'Outside In Inside Out' Book

27:26 Promoting Balance Between Internal and External Focus

32:24 Opportunities for Growth in the Energy Sector

35:06 Long-term Challenges in Energy Transition Leadership

Keywords

energy transformation, oil and gas, leadership, change management, digital transformation, talent management, scenario planning, strategy, innovation, energy transition, chemicals, Lance Mortlock, EY, Ernst & Young