The 63rd Annual Meeting of Jpn. Petrol. Inst. (The 69th R&D Symposium of JPI)

Presentation information

General presentations Room-C

C08-C11

Tue. May 25, 2021 4:15 PM - 5:15 PM Room-C (online-c)

Chair:Kazuyuki Komori(Cosmo Oil Co., Ltd.)

5:00 PM - 5:15 PM

[C11] Business portfolio transition strategy

○Tomoya Kurihara1 (1. Idemitsu Kosan Co., Ltd.)

Keywords:Portfolio, Future prediction, Corporate philosophy

Many companies, including the oil industry, that depend on domestic demand have succeeded in transforming their business portfolios, albeit in small numbers, while their existing businesses are shrinking. What capabilities did companies that succeeded in such conversion have and how did they make the conversion possible? As a result of examining some successful cases, the company that achieved the portfolio conversion was planning a strategy by backcasting, assuming an ultra-long-term future society. In that practice, it was found that it is important to have a common understanding with employees and the existence of a corporate philosophy as a judgment axis.