. Real Options in Petroleum: An Overview Seminar Real Options in Real Life
Options An Overview I
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Transcript of Options An Overview I
O.
MEANING OF O.P.T.I.O.N.SCreated by:Ujjal Ghosh
on 03-02-2008
O.P.T.I.O.N.S• Now lets see the following :-• ‘I am changing’• ‘I seek a change within’• ‘I am willing to shift over’• The First sentence implicates that I am really changing on my
own ,without anybody’s interference• The Second sentence implicates that when I went through the
group’s submissions ,I felt that if I do not change then I am out of the group.
• The Third sentence implicates in harmony within myself after I decide a change.The intention to submit these phrases was to show the implication of our ‘Areas of Concern’ & our ‘Areas of Concentration’have to be harmonized somewhere to initiate serious projections & concerns.It also affects our Application Part of the Roles that we go to play in a group, which displays normally heterogeneous behavioral patterns.
O.P.T.I.O.N.S
• Now look at the Alphabetical Break Up:-• O = OBSERVE• P = PERCIEVE• T = THINK• I = INITIATE• O = OPEN TO ISSUES• N = NULLIFY ISSUES THAT ARE USELESS• S = SEGREGATE IMPORTANT FROM
UNIMORTANT ONES
O.P.T.I.O.N.S
• Area of Concern:-• There are 03 Types of Groups normally seen operating
from a Base Level of Operation• One Group is Even in its Thought Process/Submissions• The Second Group Commands on Routing issues that it
thinks can accord its submissions• But The Third Group outlooks/focuses on Micro
Issues/deliberations that go to build Processes &Submissions
• Issues: A very Important aspect to build up strengths and pillars of the future of any organization.For attaining these a organization has to adopt a STRATEGY.
O.P.T.I.O.N.S
• Area of Concentration:-• Now after deciding on Area of Concern we should look
into our Area of Concentration• This should delibrate on the core submissions as
received from the group submissions/issues as to how to work upon negated areas,grey areas in other words.
• Anchor on Attitudes,Receptiveness/Responses gathered from the members of the Group,vis-à-vis their behavior ,knowledge:both in the areas they are working and areas they are unclear but are sure to work out their submissions and chalk out a blueprint for the strategy/ies,for which this exercise is being conducted.
• Primarily work on U.V.F areas i.e universality of applications;vision shared by them & the key focus areas.
O.P.T.I.O.N.S
• Let us have a Look at the Meaning of the word STRATEGY• S = Simplify Matters• T = Study The Trends• R = Routing Matters through appropriate benchmarks• A = Study Aspects from Micro Point of View• T = The ‘T – Groups ‘look at different micro groups• E = The group cohesiveness,the group ideas,the group’s individual
background’si.e culture,values,ethics etcthese should be ‘Evaluated’ periodically within the group ,as well as by external groups who are working with this Group.
• G = Check & identify Goals ,designed,discussed after checking out on core submissions.
• Y = Saying YES to All of the Above Issues.•
O.P.T.I.O.N.SFigurative Approach
Group A (Even in Approach, random thought Cycle)Group Size: 5-7 People Area of Discontent: LOW
Group C (Clear & Focussed)Area of Discontent :LOW
Group Size: 5-7 People
Group B Straight ThoughtsRudimentary Thinking Patterns
Area of Discontent: HIGH
Group Size ; 5-7 People