Continue teaching and shaping people’s opportunities to improve themselves remains my guiding principle. I hope you will find some ideas scanning this website, reading my writings and interacting throughout this year.
The challenge of courageous decision-making can be better understood once we understand how the following six considerations help Western business leaders to adapt to the economic and political environment that is shaping the future:
- Nonwestern cultural norms
- Technological and other skills of Generation Y
- Women as a labor resource
- Continue the expanding role of shareholder interests
- The changes to capitalism in creating entrepreneurs and
- Convergence of values stemming from the growth of democracy.
In 2022, more than ever, we need to understand concerns from a variety of sources. Often called the “wisdom of crowds”, learning in aggregate what concerns and tensions people have supplements but does not replace expert knowledge or specialist’s insights. One of the sources I like to read is the PwC 25th annual Global CEO Survey. In November, they surveyed 4,446 CEOs from 89 countries or territories from a variety of industries.
The tensions from a global perspective that concern more than 40% of the responders are” cyber risks, health risks, and macroeconomic shocks or volatility”. Companies classified as industrial manufacturing and auto as well as consumer markets are led by executives who agree in the ranking of these 3 concerns. Technology, media, and telecom companies are less worried about macroeconomic volatility while energy, utilities, and resources companies put climate risk as their top issue.
I agree with the 77% of responders that expect global economic growth to improve during 2022. The aforementioned risks can be problems we solve. I am optimistic and believe each of us has a role in reducing these tensions. Find your role, stay engaged and take constructive action.