Shape our society and business through the challenges ahead of us
Ledernes KompetenceCenter is a partner of Thinkers50 European Business Forum, which brings together some of the best thinkers and CEOs in the world. Some of theese great business thinkers have written recommendations for CEOs, in an essay series called "Letters to the CEOs". As a partner, we get to publish theese letters for your enjoyment.
24. marts 2017
By Mark Esposito
Dear CEO
The most pressing issue I see today is the failure of politics in several democracies, unable to thrive our growth towards an integrative model of inclusion, tolerance and prosperity. At the same time, the persistent low growth in our economies pushes organizations even more towards the side-effects of volatility, with emotional markets that feel a sense of loss on how we can restart our economic engines and build new inroads for the kind of economic infrastructure we need, in order for us to navigate safely among the new tenets of the century.
The ongoing fluctuations of markets and the inescapable accelerations of emerging economies are sending distress signals to our societies, which are plagued by political impasses and lack of governability, hence making the role of business leaders particularly challenging. At the same time, our analytical tools have become more complex but the predictive assumption of events has not necessarily changed from the undercurrents of the previous industrial models. The intersection between linear reality and incremental valuation, with the increasingly complex socio-economic condition of the world, makes it hard for business to make decisions and the previous algorithm, expensively ineffective.
The way we assess risk today has not necessarily changed by the way we did it in the past. We continue to rely on data which is primarily captured at the macro level and which does not model the experience of reality any more. There is sense of inadequacy between the way we collect data and the way data is misrepresentative of the real state of play of the world.
Our models of control of variables (consumers, markets, pricing etc…) continues to think of business as analytical as it can be, with a myriad of frameworks and protocols and processes that have de-humanized business.