The Peak of World Oil Production and the Road
to the Olduvai Gorge
Richard C. Duncan, Ph.D.
Pardee Keynote Symposia
Geological Society of America
November 13, 2000
The Olduvai theory has been called unthinkable, preposter
Internal development is when companies look inside the firm to develop a new
product or to create an entrepreneurship department. (3M, Sony, Ritz hotel).
Disadvantages: its time consuming.
Real Option Analysis: A
Firms use their corporate office for portfolio management. Corporate helps viewing
the entire organization like a portfolio of businesses. Usually corporate uses the BCG
Stars: high growth and high market
Mergers & Acquisitions
Mergers & acquisitions: When firms buy other business
Helps offer more product / services
Helps increase profit and market power (P&G and Gillette)
Helps to have less competition
Helps to share knowledge and leverage the