President's Message
Expense Now, Savings Tomorrow
DOI:
https://doi.org/10.56094/jss.v52i1.130Keywords:
inflection point, organizational actionAbstract
In my last message to the Society, I cited Andy Grove, former CEO of Intel, who — in his 1998 book Only the Paranoid Survive — advanced the concept of the “strategic inflection point” (see figure). I discussed the implications of this concept for our Society. Since I wrote that column, a couple of salient developments have transpired: Andy Grove has passed on to the next life and BP has reached an historic $20 billion settlement with the U.S. government regarding its responsibility for the major spill at the Macondo drilling site in the Gulf of Mexico (you may better know the event by the name of the rig, Deepwater Horizon). Some readers might wonder why I’d mention an IT pioneer and an oil industry event when addressing a Society whose members are predominantly from the defense/aerospace sector. I believe that there are lessons to be learned from both, but I’ll first address the oil sector, asking, “How is the practice of process safety and asset integrity engineering different in the current climate of cheap(er) oil, versus the business environment that existed when oil prices were above $100 per barrel?”







