ACTIONABLE ADVICE FOR SERIOUS TIMES GEOFF COLVIN spoke virtually to Global Leaders Organization in July. His practical and actionable advice for leaders is stunningly great! History has shown over and over that the competitive order is dramatically altered in times of crisis. What separates companies who thrive in a crisis vs. those that don't? The winning companies summon the courage to act faster than the competition. Geoff Colvin's contention is that someone is always going to win in critical times. Why not you, he asks? Here are five video excerpts from the Global Leaders Organization event with Geoff offering great lessons for leaders looking to exit this crisis stronger than they were before it began.
CLOSEST THING TO AN ECONOMIC CRYSTAL BALL What’s in store for the economy and business environment in the year ahead?
“Financial markets send messages. One of the great lessons over three decades of work is learning how to heed those messages. What I love about speaking is to share those lessons with audiences so they may be forewarned and forearmed as to future economic, political and geopolitical events.” --RON INSANA Ron Insana was a trailblazer; among the first group of financial journalists who launched the Financial News Network (FNN) in 1984. When FNN merged with CNBC in 1991, Ron continued to cover the most important stories affecting the financial markets as an anchor and correspondent on CNBC and on other NBC news outlets. In the process, he became one of the most visible reporters broadcasting financial news. During his broadcasting career, Ron has received numerous honors for his work. He was named one of the "Top 100 Business News Journalists of the 20th Century" and was nominated for a news and documentary Emmy Award for his role in NBC's coverage of the 9/11 terrorist attack. Currently a senior analyst and commentator for CNBC, Ron also hosts The Market Score Board Report, a thrice-daily nationally syndicated radio program. He is also currently senior adviser at Schroders Investment Management.
GEOFF COLVIN from Fortune magazine is always out in front of the economic trends that are driving business change and competition. This link to his piece in the latest issue is a great example - it focuses on the disruption in agriculture that could change food supplies and food costs worldwide. The issue: there’s been wave of global consolidation in agriculture that will put roughly 50% of the commercial seed market under the control of a few giant multinationals. ChemChina bought Syngenta, Dow Chemical is buying DuPont, and Germany’s Bayer is buying Monsanto. The impact of the changes to the competitive landscape can’t be overstated, including the national security considerations. In particular, ChemChina's purchase of Syngenta has made clear that China's food security strategy is being implemented to insulate its huge population against the kinds of food disruptions and famines the country has endured in the past. At the same time the consolidation is being looked at very carefully by global political and economic experts . Here's more:
--Geoff Colvin Video-- Will Free Trade Survive Politics?
NEW BUSINESS MODELS CREATE COMPETITIVE ADVANTAGE The most successful companies today are evolving new business models to create starkly new, more fluid relationships with customers, workers, and owners. They’re rethinking the role of capital (as traditionally defined) and finding they can thrive while owning less and less of it. They are creating value in new ways as they reinvent R&D and marketing. And finally, they’re measuring their performance by new metrics because traditional gauges no longer capture what counts.