• Megastar Taylor Swift in her early days in her show trailer with Blythe
    Megastar Taylor Swift in her early days in her show trailer with Blythe
  • Blythe with Annika Sorenstam, regarded as one of the best female golfers in history
    Blythe with Annika Sorenstam, regarded as one of the best female golfers in history
  • Tom Cruise at Mission Impossible Film Premiere
    Tom Cruise at Mission Impossible Film Premiere
  • Wynton Marsalis, famous jazz musician, at Lincoln Center
    Wynton Marsalis, famous jazz musician, at Lincoln Center
  • Academy Award-winning actress Anne Hathaway
    Academy Award-winning actress Anne Hathaway
  • Actress Jane Lynch, popularly known for starring in the musical television series Glee
    Actress Jane Lynch, popularly known for starring in the musical television series Glee
  • In Frankfurt: Yves, me, Heidi Klum, Sir Martin Sorrell--chairman of WPP
    In Frankfurt: Yves, me, Heidi Klum, Sir Martin Sorrell--chairman of WPP
  • Mezzo-Soprano Susan Graham
    Mezzo-Soprano Susan Graham
  • David H. Murdock, an American businessman and philanthropist at the Forbes CEO conference
    David H. Murdock, an American businessman and philanthropist at the Forbes CEO conference
  • Blythe with her former LKQ board colleague Sukhpal Singh Ahluwalia and wife Rani at their son’s wedding in Monaco
    Blythe with her former LKQ board colleague Sukhpal Singh Ahluwalia and wife Rani at their son’s wedding in Monaco

 

Better Global Citizen



As we started 2023, I explained the summary of business risks after Protiviti surveyed 1300 C-Suite executives from various industries. The respondents rank 38 risks from 1 to 10 on the severity and magnitude of the risks. At that time, the top three risks were regarding talent, culture requiring agility, and the resistance to change to make necessary adjustments to business models/operations. I am pleased to say that the fatigue that was in the zeitgeist at the beginning of 2023 occurred while the equity markets soared and provided a great return for those of us who invested in the marketplace. Most executives would consider an excellent year if the company shares increased by 10%. At the end of 2023, the S&P 500 rose 23% and the NASDAQ composite rose 38%.

Looking ahead

In 2024, while talent is still a top concern, the number one identified risk is economic conditions, including inflationary pressures. I think that people wonder if the good news with a soft landing of the recession and the anticipated interest rate reductions can continue.  But many companies learned to manage inflation in 2023 and will have to do so again this year. There are many things we can control in business but managing pervasive systemic expenses (think fuel costs) and building revenues takes longer to manage than other variables.  In addition, three other risks must be managed that are less predictable: Cyber threats, third-party risks and heightened regulatory changes and scrutiny.  Expect rapid speed of disruptive innovations so pay attention to new and emerging technologies.

 

Speaking

Blythe McGarvie's key speeches and round tables include: Speech to Public Company Accounting Oversi...

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Readings

Recommended Readings as of December 2023:   Thinking in Bets, Making Smarter Decisions When You...

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Testimonials

Shaking The Globe ”Every manager needs to see the new world through several lenses. Blythe provides ...

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