News Release Details
"The key issue is where do we need to be five years from now?" Chairman at the 3rd i2i workshop
New Delhi 10-Aug-2007
At the inaugural session of the 3rd edition of i2i workshop, Mr Behuria said, ``It is important to know where we need to be 5 years from now, both physically and financially and what strategies would help us achieve the same?’’ These incisive agenda set the brilliant pace of the deliberations held at IiPM on August 9-10, 2007 in the presence of the functional directors and senior management group of the company. In his inaugural address, Mr Behuria congratulated the change leaders of the Corporation for breaching the Rs 2 lakh crore mark in sales turnover and on climbing 18 places to reach 135 rank in the Fortune Global 500 ranking. Mr Behuria said that i2i has three-fold objective; first is to sensitize our senior leaders- the change agents- of the corporation on the strategic issues deliberated at the recent Strategy Meet held on June 22-23 ‘06. The second objective is to involve each one of the change agent in brainstorming sessions to deliberate on key issues and to draw up action plans for implementation there of. The third objective is to share the experience with our colleagues at respective locations, so that they become aware of the strategic intent of the Corporation and become a part of the implementation process. Mr Behuria also shared that the last i21 workshop gave a good momentum to the bio -diesel initiatives with a clear-cut action plan resulting in the formation of a separate group under BD. He informed that the IndianOil Board has already approved the amendment to the Memorandum of Association to enable entry into the entire value chain of bio-diesel and the process of seeking shareholders’ consent for it through postal ballot has also commenced. Definite actions have been taken based on the inputs received during the last i2i workshop, for improving our project management capabilities. Various initiatives for retaining market leadership, besides increasing the effectiveness of R&D efforts are also under implementation. Mr Behuria informed that during the last-held Strategy Meet, nine key issues viz. Employee Engagement, Globalization Outlook, New Initiatives in Petrochemicals, Bio Diesel Initiatives, Gas Pipelines & Overseas Pipelines Business, Financing Strategies, Retail Marketing, Shipping Strategies & Strategies to be Asia’s Leading Commercial R&D Organization were deliberated on. i2i workshop facilitates cross-functional inputs, a highly intellectually stimulating environment with exceptionally rich inputs, interactions & debate, apart from updating the senior management on issues other than being handled on a regular basis. On the occasion, he welcomed Mr Anand Kumar, Director (R&D) and Mr P.K. Chakraborti, Director (PL) on IndianOil Board. Mr V.C. Agrawal, Director (HR) shared about the seamless merger of IBP petroleum with IndianOil. He said, ``i2i Workshop is a forum, which can give definite direction to the business strategies & vision with the help of the senior think tank of the management. The forum is created to share the corporate strategies with our business leaders, to convert strategies into challenges, to activate an enterprising action plan to meet the challenges, and to motivate the team for efficient implementation to deliver results.’’ Mr K.K. Gupta, ED-IiPM, had earlier welcomed the august gathering. He said that the Intent is the strategy where we want to go & where we want to position ourselves keeping in view our VISION of becoming `a major diversified, transnational, integrated energy company, with national leadership and a strong environment conscience, playing a national role in oil security & public distribution’. The process between intent and implementation is to draw action plans / road map to achieve the goals.
New Delhi 10-Aug-2007
At the inaugural session of the 3rd edition of i2i workshop, Mr Behuria said, ``It is important to know where we need to be 5 years from now, both physically and financially and what strategies would help us achieve the same?’’ These incisive agenda set the brilliant pace of the deliberations held at IiPM on August 9-10, 2007 in the presence of the functional directors and senior management group of the company. In his inaugural address, Mr Behuria congratulated the change leaders of the Corporation for breaching the Rs 2 lakh crore mark in sales turnover and on climbing 18 places to reach 135 rank in the Fortune Global 500 ranking. Mr Behuria said that i2i has three-fold objective; first is to sensitize our senior leaders- the change agents- of the corporation on the strategic issues deliberated at the recent Strategy Meet held on June 22-23 ‘06. The second objective is to involve each one of the change agent in brainstorming sessions to deliberate on key issues and to draw up action plans for implementation there of. The third objective is to share the experience with our colleagues at respective locations, so that they become aware of the strategic intent of the Corporation and become a part of the implementation process. Mr Behuria also shared that the last i21 workshop gave a good momentum to the bio -diesel initiatives with a clear-cut action plan resulting in the formation of a separate group under BD. He informed that the IndianOil Board has already approved the amendment to the Memorandum of Association to enable entry into the entire value chain of bio-diesel and the process of seeking shareholders’ consent for it through postal ballot has also commenced. Definite actions have been taken based on the inputs received during the last i2i workshop, for improving our project management capabilities. Various initiatives for retaining market leadership, besides increasing the effectiveness of R&D efforts are also under implementation. Mr Behuria informed that during the last-held Strategy Meet, nine key issues viz. Employee Engagement, Globalization Outlook, New Initiatives in Petrochemicals, Bio Diesel Initiatives, Gas Pipelines & Overseas Pipelines Business, Financing Strategies, Retail Marketing, Shipping Strategies & Strategies to be Asia’s Leading Commercial R&D Organization were deliberated on. i2i workshop facilitates cross-functional inputs, a highly intellectually stimulating environment with exceptionally rich inputs, interactions & debate, apart from updating the senior management on issues other than being handled on a regular basis. On the occasion, he welcomed Mr Anand Kumar, Director (R&D) and Mr P.K. Chakraborti, Director (PL) on IndianOil Board. Mr V.C. Agrawal, Director (HR) shared about the seamless merger of IBP petroleum with IndianOil. He said, ``i2i Workshop is a forum, which can give definite direction to the business strategies & vision with the help of the senior think tank of the management. The forum is created to share the corporate strategies with our business leaders, to convert strategies into challenges, to activate an enterprising action plan to meet the challenges, and to motivate the team for efficient implementation to deliver results.’’ Mr K.K. Gupta, ED-IiPM, had earlier welcomed the august gathering. He said that the Intent is the strategy where we want to go & where we want to position ourselves keeping in view our VISION of becoming `a major diversified, transnational, integrated energy company, with national leadership and a strong environment conscience, playing a national role in oil security & public distribution’. The process between intent and implementation is to draw action plans / road map to achieve the goals.