1st Edition
Recreating the Power Grid Navigating Technological and Organizational Changes
This book helps power industry executives to systematically navigate the complex technological and organizational changes necessary to recreate power grids.
This is especially pertinent in the current environment characterized by volatility, uncertainty, complexity, and ambiguity conditions. Across the globe, the electric power sector is facing many forces of change as it transitions from a fossil-based system to cleaner sustainable resources. Leaders in the power sector face unprecedented challenges in responding to these changes while continuing to provide safe, reliable, clean, and affordable electricity. Recognizing that historical and existing ways will not work, Jagoron Mukherjee and Marco C. Janssen present a new paradigm for industry leaders to tackle some of the key questions to determine the best path forward: What will the business be like in the future? What technologies will likely prevail? How should my company respond to constant change? How expensive will the transition be? Will the customer expectations be met? How fast do we need to change? Drawing on well-known management principles, the book helps industry leaders to provide a methodology to tackle these questions and sharpen their decisions as they embrace innovation, new customer expectations and digitization in their efforts to steer the energy transition.
Taking a holistic problem-solving approach, which addresses the power company as a whole, Recreating the Power Grid will be a valuable resource for all professionals working in this quickly evolving field.
Introduction: The Power Industry Challenge
Part 1: Forces of Change and Their Impacts
- Forces Impacting the Power Industry
- The Leadership Problem
- Components of the Solution
- Innovation
- Customer Engagement
- Data Management
- Rethinking the Business Case
- Blueprinting Program Architecture
- Program Design and Management
Part 2: Addressing Three Critical Historical Gaps
Part 3: Preparing for Execution Readiness
Index
Biography
Jagoron Mukherjee is a seasoned business advisor, speaker, and author who has spent the past twenty-five years working with top electric power companies, industry CXOs, and business executives on a range of business problems. He focuses on helping senior executives cut through the noise and understand the implications of today’s fast changing environment. His practical and actionable insights have helped many companies develop strategic plans, technology roadmaps, and realize multi-billion dollar grid modernization programs.
Marco C. Janssen is an experienced advisor, engineer, speaker, and author who has spent the past thirty-two years working with key water and power companies, industry leaders, and business executives around the globe on a wide range of business challenges. He focuses on helping business professionals make sense of technology options, design complex solutions, optimize processes, and understand the implications of today’s fast changing environment. His practical and actionable approach has helped many companies design technology roadmaps, improve their operational efficiency, and realize a range of small to large-scale grid modernization programs.
“This work provides a common language and approach for change management that works across existing organizational boundaries between operations and administration. The authors base their approach on a combined 57 years of direct experience as business advisors, engineers, and consultants to power companies. This primer will interest students in MBA and engineering management programs as an example of the application to a specific industrial situation of business ideas associated with change management.”
S. A. Curtis, University of Missouri--Kansas City for CHOICE Connect
Summing Up: Recommended. Advanced undergraduates through faculty; professionals.
