Creating a new and innovative company in the automotive or health/wellness industry.

 

Imagine you are creating a new and innovative company in the automotive or health/wellness industry. Option 2: Use a company you are interested in from the automotive or health/wellness industry.

1.Identify which option you chose and indicate the products and/or services the company provides.

2.Describe the ideal qualities and characteristics of the company employees in terms of creating a creative and innovative culture.

3.Describe the ideal background and experience needed for company leaders to foster a culture of creativity and innovation.

4.Identify the two most important leadership qualities and characteristics the employees should have to be effective leaders.

 

5.Discuss the ideal organizational culture and how it would foster creativity and innovation among employees.

 

 

Sample Solution

The most typical unconventional drilling method is the implementation of horizontal wells. They are drilled vertically downwards until reaching the target source layer and curve into a horizontal direction which runs a long distance laterally to give the wellbores extended contact with the formation. The advantage of horizontal wells is the long and constant exposure to source rocks. For example, a vertical well piercing a 30m-thick layer would only have 30m of exposure to the oil and gas interval, whereas a horizontal well would have several hundreds of exposures.

Figure. The cartoon shows the difference between conventional (right) and unconventional (left) drilling methods. The branches extended on the horizontal well are the representatives of hydraulic fracturing.

https://www.croftsystems.net/oil-gas-blog/conventional-vs.-unconventional

Hydraulic fracturing, commonly known as fracking, further extends the drainage pattern around horizontal wellbores by creating fracture patterns that facilitate flow. Fracking injects a high-pressure ‘fracking fluid’ (primarily water, sand and chemicals) into a wellbore to create cracks in the rock formations which release the oil and gas inside. (https://ec.europa.eu/jrc/en/publication/eur-scientific-and-technical-research-reports/overview-hydraulic-fracturing-and-other-formation-stimulation-technologies-shale-gas-0) This method is now widely used world-wild, ensuring the US and Canada to have constant gas supply for 100 years and has presented an opportunity to generate electricity at half the CO2 emissions of coal. (https://www.bbc.co.uk/news/uk-14432401)

Steam-assisted gravity drainage (SAGD) is another method used to open up large deposits below the surface and produce heavy crude oil and bitumen. It is an advanced form of steam stimulation in which a pair of horizontal wells are drilled into the oil reservoir, one a few meters above the other. High

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