First North Sea Oil.
"Positive economic change has many element. These include vision, planning, stakeholder communication, collaboration, innovation, adaptability, sustainability, and learning from history"
👏 Happy Friday!
On this day, November 3, 1975, North Sea oil began to flow after Queen Elizabeth II formally began the operation of the UK’s first oil pipeline at a ceremony in Scotland. The event would change the nation’s landscape and economy for many decades. It was a day of great importance and anticipation, marking the start of a new era for the United Kingdom. The Queen presided over the momentous occasion, formally inaugurating the operation in a grand ceremony by pushing a gold-plated button in BP’s control centre at Dyce near Aberdeen. The 130-mile pipeline from Cruden Bay to Grangemouth, England, was built by BP serving the Forties oilfield 110 miles east of Aberdeen. The impact of North Sea oil on the UK’s economy has been profound. It created thousands of jobs, stimulating economic growth in regions close to oil fields. The revenue generated from oil exports provided a much-needed boost to the country’s coffers, enabling investment in education, healthcare, and infrastructure.
✅ At the ceremony, the Queen informed the guests that the event marked a crucial milestone in Britain's energy resource development, stating, “Upon which our life as an industrial nation must depend.” The development of North Sea oil in the 1970s was driven by a combination of factors and success elements. As with most successful change, it starts with a clear vision, in this case, a vision for desired economic outcomes. It also requires detailed planning, stakeholder communication, collaboration, innovation, adaptability, and sustainability. It means learning from past economic experiences and lessons to avoid repeating mistakes. However, one of the most important elements is effective stakeholder engagement and communication to ensure implementation is not stopped due to change resistance. Positive Economic Change Has Many Elements.
“Positive economic change has many elements. These include vision, planning, stakeholder communication, collaboration, innovation, adaptability, sustainability, and learning from history"
👉 No matter how good the change team is, how hard you work, or how important the change programme may be to the organisation, without good stakeholder engagement, you will hit major barriers. Stakeholders can be defined as any group or individual who can affect or is affected by the achievement of the organisation’s objectives. Detailed stakeholder analysis and mapping are critical to ensuring the change team understands and manages resistance throughout the change programme.
Have a fantastic weekend with the ones you love and care for, enjoy some fresh air, exercise, eat, drink and be happy.
Further Reading: Change Management Handbook - Leadership of Change Volume 3
Peter consults, speaks, and writes on the Leadership of Change®.
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Peter F Gallagher is a Change Management Global Thought Leader, Guru, Expert, International Speaker, Author and Leadership Alignment Coach.
Listed #1 by leadersHum Top 40 Change Management Gurus You Should Follow in 2022 (Mar 2022).
Ranked #1 Change Management Global Thought Leader: Top 50 Global Thought Leaders and Influencers on Change Management (2023-2022-2021-2020) by Thinkers360.
Ranked #1 Business Strategy Global Thought Leader: Top 50 Global Thought Leaders and Influencers on Business Strategy (2022) by Thinkers360.
Ranked #2 Leadership Global Thought Leader: Top 50 Global Thought Leaders and Influencers on Leadership (Aug 2020) by Thinkers360.
Business Book Ranking
Change Management Behaviour - Leadership of Change® Volume 6, listed among the 50 Books from Thinkers360 Thought Leaders to read in 2022.
Change Management Adoption - Leadership of Change® Volume 5, listed among year-to-date’s (Jul 2021) most popular books on business and technology from Thinkers360 member thought leaders.
Change Management Handbook - Leadership of Change® Volume 3, listed among the 50 Business and Technology Books from Thinkers360 Thought Leaders to read in 2021.
Change Management Pocket Guide - Leadership of Change® Volume 2, ranked within the top 50 Business and Technology Books (Jan 2020) from Thinkers360 Thought Leaders.