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Three months has passed since the discussion concerning Fouce Oil’s proposal.You have received the following email from William Seaton, Director of Finance:From: William Seaton, Director of FinanceTo: Finance ManagerSubject: Fouce Oil’s proposal to collaborate on explorationHi, After deliberating at length on the various discussions that we have had with Fouce Oilsince its initial approach, we have decided to proceed.We need to work out some important details, otherwise this venture will be a disaster.Please draft a report that covers the following matters:Should we create a formal coaching and mentoring scheme, whereby members of FouceOil’s exploration staff will receive guidance from their counterparts at Slide? Please explainthe advantages and disadvantages of doing so very clearly.Please explain how best to organise a formal coaching and mentoring scheme, if wedecide that we should create one.How should we manage the business relationship between the two companies’ explorationstaff for the duration of this arrangement?What are the difficulties associated with decision-making on exploration issues and howshould we address those?The collaboration goes live in a few weeks and so I need your input urgently so that I canget things moving.William
The following email has been forwarded to you by William Seaton, Director of Finance: From: William Seaton, Director of FinanceTo: Finance ManagerSubject: Email from CFO of Fouce OilHiThis email arrived last night. I need you to help me to think through the various implicationsof doing what it suggests before I present it to the Board. I need you to focus on thefollowing issues:Would this proposal make sense from a strategic point of view?If we did decide to go ahead, what would be the issues that we would have to consider withrespect to informing thestock market?Could you please email me your thoughts within the next hour? I have to brief the Boardlater today.ThanksWilliamThe email referred to can be found by clicking on the Reference Materials button.
The following email has been forwarded to you by William Seaton, Director of Finance:From: William Seaton, Director of FinanceTo: Finance ManagerSubject: Email from CFO of Fouce OilHiThis email arrived last night. I need you to help me to think through the various implicationsof doing what it suggests before I present it to the Board. I need you to focus on thefollowing issues:Would this proposal make sense from a strategic point of view?If we did decide to go ahead, what would be the issues that we would have to consider withrespect to informing the stock market?Could you please email me your thoughts within the next hour? I have to brief the Boardlater today.ThanksWilliamThe email referred to can be found by clicking on the Reference Materials button.
William Seaton, the Director of Finance stopped you in the corridor a week after the HeadGeologist’s announcement that reserves had been overstated:“We informed the stock exchange that our reserves had been downgraded and our shareprice has taken a solid hit. We need to work towards making sure that this is neverrepeated.The Board is actively considering some changes that we hope will improve our forecastingsystem. I am not convinced that the suggestions will work. Frankly, if we could predict thefuture with certainty then I would have us stop looking for oil and start selling forecasts.I would like you to work through the proposals that have been put forward and torecommend on their adoption, with changes if you think it necessary. The issues that weare most seriously considering are:A suggestion that Big Data could be used to monitor oil prices. Do you think this would be asensible way to proceed?A suggestion that we should update our reserves information on the company website inreal time. Do you think that would be an effective communication strategy?Finally, we have considered a number of issues surrounding the motivation and inspirationof our geologists. Two quite distinct schemes have been proposed. Firstly, some Boardmembers believe that our geologists should be rewarded in relation to the accuracy of theirforecasts. Bonuses will be paid on the basis of correct initial evaluation of wells. The bonuswill increase if a well that was initially identified as commercially viable goes into productionand will decrease if a well that was classified as viable is reclassified as unproductive.Secondly, other members of the Board believe that there should be a greater degree ofaccountability on the part of geologists. The incorrect classification of a well’s potentialcould be treated as a disciplinary matter. Please provide a detailed analysis of EACH ofthose suggestions.”
The Director of Finance, William Seaton, has invited you into his office.“This will come as a bit of a shock, but the Board has decided that it would be in our bestinterests to relocate our Head Office from Kayland to the Middle East. We have intereststhere, including a regional office, already. We know that the oil industry is welcome andthere are several governments which are very open to such foreign direct investment fromthe West.Nothing has been decided for certain, but there are compelling tax advantages to usrelocating. We would also be subject to slightly less restrictive legal requirements. We canretain our listing on the Kayland stock exchange, albeit as a foreign company.Things are very much under consideration at the moment, so please don’t tell anybodyabout this conversation.I want to check that I have thought of everything at the strategic level before we make anirreversible decision to move. I need you to write me a report on the following:What are the strategic implications of moving our Head Office from Europe to the MiddleEast? What are the strategic risks that might arise and how might we deal with them?I need to have your thoughts soon because the Board is holding a special meeting thisafternoon.”
Press clipping from today’s Financial News:Yesterday’s announcement of yet another major oil find by Slide should keep everybodyhappy. Nobody will be happier than the directors of Fouce Oil, whose continuing ownershipof one quarter of Slide’s shares continues to confuse industry insiders. Perhaps there arehidden depths to the relationship between Slide and Fouce Oil.
Six months have passed since you first heard of the possibility that Slide might relocate itsHead Office to the Middle East.You have been called into William Seaton, the Director of Finance’s office:“After lots of deliberation, the Board has reached a final decision on the Head Office move.It has been decided that we will relocate to the Middle East.I need you to draft a report on the following matters:First of all, we need a strategy for the choice of country to which we are going to relocate. Ineed you to think about the strategic decisions that will have to be taken so that we obtainthe best possible value from the relocation.Secondly, we have to think about the change management issues with respect to Slide’ssenior managers. We have a good team of senior managers and Board members and wewish to see them relocate with the company. I need your thoughts on this.Thirdly, there will be significant change issues for the other staff members. We cannotjustify moving all of them to the Middle East, but we will be relying on them to ensure anorderly transition from the current Head Office to the new one. They will be busy for severalmonths, then most will be made redundant. The rest will be offered new jobs with Slidebecause we will need a scaled down administrative presence in Kayland. Again, I needyour suggestions for this. Finally, we need to put together a transition team to deal with the many administrativeissues that the move will create. I need you to suggest a clear job description for thetransition team that explains the main operational tasks required, so that the directors canbe left free to focus on the strategic management.”
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