Excellent analogies. All good points - The Energy industry, like manufacturing, is dealing with 'the big crew change' and so point 2 (There’s no substitute for experience + new energy and talent) is critical for their survival, not only in Utilities, but in Oil and Gas, especially with what's happening with the price of oil right now. That price of oil means the successful organizations will HAVE to follow your point 1 'Relentless adaption is key to success'. Some are being forced to adopt your point 3 (the basics), whether they like it or not, just to survive. We're going to see a lot of mergers and acquisitions moving forward - and those targeted for 'take-over' had better follow point 4! As we're seeing in the Oil and Gas industry and elsewhere - successful teamwork between IT (Information Technology) and OT (Operational Technology)folks will be a key to success for these companies (to address cybersecurity, operational efficiencies and grow their business), so point 5 very timely!

By the way - shame you're in RTP - my 12 year old could certainly use some of your basketball coaching here in San Jose (I was a rugby player, so he's teaching me about zone defense, rather than the other way around!).