Bain & Company, Inc.: Helping Oil and Gas Companies to Compete in Highly Volatile Market
From maximizing the value of existing reserves to deploying the latest innovations in fossil fuels and alternative energy sources, Bain & Company helps clients such as national and commercial oil companies, renewable energy companies, oilfield service firms, private equity investors, and sovereign wealth funds. Bain’s motivated teams of oil and gas experts combine global experience, proprietary approaches, and insights to enable clients to respond to changes in the market and unlock significant value.
“Companies will be better positioned to compete in the oil and gas industry if they consider the three trends of the shift to new frontiers demanding innovation and human capital investment, governments embracing market solutions, and finding and producing petroleum more effectively,” says Manny Maceda, the CEO of Bain & Company, Inc. Observing these trends, the company considers what the client needs and innovatively addresses multiple business requirements comprising data analytics, change management, cost reduction, market expansion, customer experience, and more.
“We help clients develop a competitive advantage from their data and analytic assets by generating insights that yield better, faster decisions,” states Maceda.
While only about 12 percent of companies successfully undergo transformations, Bain & Company has deep expertise and experience in-change management. The company helps clients reassess their original ambition and ensures the right leadership to deliver complete transformation. For instance, Bain & Company Transformation Catalyst reenergizes stalled or struggling transformations, helping companies achieve full-potential results.
Bain & Company offers Complexity Management, a proven approach that boosts revenue 5-40 percent and reduces costs 10-35 percent. The tactic also improves customer satisfaction, inventory turns, and margins. Also, Bain’s Lean Six Sigma, a practical and simple action-oriented approach, facilitates reduced waste and enhanced speed.
Technologically, Bain & Company enables clients to undergo a digital transformation as a winning strategy that serves today and tomorrow. The company applies its Radar 360 Strategy® “Today Forward, Future Back” method to deliver immediate, tangible benefits that boost clients’ digital future.
Overall, Bain & Company enables clients to build an operating model that unlocks their people’s full potential to effectively execute the clients’ strategy and represent their purpose. The company helps clients transform their operating model to simplify their organization, streamline their work processes, reveal digital opportunities, and unlock massive savings. Hence, Bain & Company helps clients focus on the activities that foster competitive advantage, lower costs, increased productivity, sustainable growth, and more.
With their work focusing on the three disciplines of primary research, advanced analytics, and big data, Bain’s technical expertise and experience, endeavors to combine the right mix of disciplines to each client, recognizing that every challenge is unique. Striving ahead, the company is exploring agility and leveraging industry-standard methodologies for generating customer loyalty.