Dealing a Rigged Game The case study concerns Pete Miller, CEO of National Oilwell Varco (NOV) since 2001. Miller acqui
Posted: Tue Apr 26, 2022 12:23 pm
Dealing a Rigged Game
The case study concerns Pete Miller, CEO of National Oilwell
Varco (NOV) since 2001. Miller acquired over 200 companies,
each with a strategic tie to the oil producing industry. The
company now has a dominant share of the market for offshore
drilling equipment, a segment of the industry that reported the
most orders ever in 2013. NOV stands to capitalize on all
segments of the future oil industry – the actual building of the
drilling rigs, jack-ups, and ships that have to go offshore and do
the drilling.
Management Update: In November 2013, Pete
Miller announced he was stepping down as NOV’s CEO to serve as
executive chairman of DistributionNOW
Case Question: Recall our definition
of strategy as “a comprehensive plan for
accomplishing an organization’s goals.” Explain why NOV’s
approach to acquisitions qualifies as corporate-level
strategy. Be specific by discussing the company’s moves,
the nature and state of the industry that it’s in (drilling
equipment and services), the nature and state of the industry to
which it’s closely related (oil and gas drilling), and, most
importantly, its goals.
What are NOV’s goals?
(NEW ANSWERS ONLY NOT THE ONE ON answers)
The case study concerns Pete Miller, CEO of National Oilwell
Varco (NOV) since 2001. Miller acquired over 200 companies,
each with a strategic tie to the oil producing industry. The
company now has a dominant share of the market for offshore
drilling equipment, a segment of the industry that reported the
most orders ever in 2013. NOV stands to capitalize on all
segments of the future oil industry – the actual building of the
drilling rigs, jack-ups, and ships that have to go offshore and do
the drilling.
Management Update: In November 2013, Pete
Miller announced he was stepping down as NOV’s CEO to serve as
executive chairman of DistributionNOW
Case Question: Recall our definition
of strategy as “a comprehensive plan for
accomplishing an organization’s goals.” Explain why NOV’s
approach to acquisitions qualifies as corporate-level
strategy. Be specific by discussing the company’s moves,
the nature and state of the industry that it’s in (drilling
equipment and services), the nature and state of the industry to
which it’s closely related (oil and gas drilling), and, most
importantly, its goals.
What are NOV’s goals?
(NEW ANSWERS ONLY NOT THE ONE ON answers)