TECH SPOTLIGHT The Pathway to Diversification

Paradigm Leap have developed a bespoke programme designed to initiate change in the Oil and Gas and Energy sector. The innovative programme has been formulated by industry experts for senior business executives who want to broaden their company’s horizons. In these unprecedented times, Paradigm Leap believe that opportunity exists but requires harnessing through hard work, dedication and strategic thought. The team are passionate about leading the change and supporting companies to achieve their full potential.

The newly developed programme will guide businesses through the Pathway to Diversification focusing on people, planet and profit. These three pillars of the programme will underpin the process throughout, ensuring untapped potential is identified whilst positioning companies for successful change and sustainable clean growth. Diversification is about small significant changes that can be sustained in the market and bring stability to businesses.

48 August 2020

At Paradigm Leap we believe strategic diversification comes in multiple forms. It can become overwhelming to hear Net Zero or Carbon Neutral messages associated with big investment by large companies. Initiatives like offshore platform electrification, wind farms, green hydrogen plants are relevant and the target of well-deserved attention, however, big investment does not fit the majority of the energy businesses. It does have a place, but is not fitting in the day- to-day activities of most UK businesses. Paradigm Leap recognise this and have developed a programme tailored to small and medium companies.

The Pathway to Diversification will take place over a structured two week programme, and will be presented and managed by leading oil and gas professionals with real experience of diversification. The first stage will be to identify opportunities through understanding the business, its capabilities and the target goals. Thereafter, the Paradigm Leap team will work with the company through a carefully developed process which will screen the opportunities and evaluate the viable options. A strategy will then be developed with a clear path for diversification. The outcome of the programme will deliver

clearly defined actions to achieve the goals and to identify the tools required to support the business.

The time is now to implement targeted and sustainable change. Paradigm Leap’s programme will make sure that happens.

“The North Sea is at an inflexion point, combined with the global desire to combat climate change and the UK’s ambition to achieve Net Zero by 2050. Now is the time to unlock opportunities. Key to this will be diversification into other sectors which will provide long term prosperity. This is the ideal time for the oil and gas supply chain and its technology innovators to identify, plan and deliver a diversification strategy.”

Jakaria Rahman, Project Director for Paradigm Leap.

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