This blog is based on a presentation by Prof Stephane Garelli, IMD World Competitiveness Yearbook author
Discovering the “New Normal” and mastering a “New Reality” are the key success factors for the future. Markets are changing quickly and opportunities emerge everywhere. New players and new brands enter the world economy at a faster rate. Competent people are not necessarily competitive people. The mind-set makes the difference at a national and an organizational level.
This video analyses how governments and their priorities shape our economic and business environment, investigates how companies adapt their business model and increase their resilience in a world which is still global but increasingly fragmented and explores what are the management competencies and the personal skills which lead to success in this brave new world.
Notes by ecoNVERGE:
The main word showing up: “debt” – is keeping us from thriving! It is not the zero-growth phenomena. That is only a result of the debt-mountain we keep carrying forward!
But the main issue is that we keep on focusing on the sovereign debt, not the private debt!
Taxing the people more is therefore no solution! The international organized conglomerates have created tax heavens where no global entity exists to coop with the real tax-avation … The western financial structure has failed itself! So where do we need to focus on? Obviously clear, but no actions are taken, except for the thousands of additional local and regional rules, which are not making affect to the base root of the problem!
So we need a true game changer! We need to come out of our comfort zone, or there will be no comfort soon!
Rather than the west dictating how to grow the middle class in Asia and Africa to become consumer-like societies, we better give the example that it is only a short lived illusion. We need to give the example that we need to grow towards a different society, rather than trying to gain from the booming Asian and African markets.
We can no longer outsource our mess to the developing world! We need to clean up in our own garden first!
The trends from the industrialized world towards diminishing employment due to further innovation and automation is a clear indication that GDP and unemployment figures are no longer valid in our global society … Why keep on wasting our time focusing on the wrong incentives for society to thrive!
The world has gone truly upside down! Where the West has been claiming to manage and contribute / share their wealth with the developing and 3rd world for the past centennial, now they are being hunted by their own debt mountain, having stopped all so-called growth and not knowing how to handle the situation. The chaos is evolving… We may be on the right track, unfortunately for the short term, towards thriving for future generations. We are heading into the Transition Narrative.
Relative to the oil dependent driven old economy, developed by the Western capitalist world, there is only one remedy:
STOP 90% of the oil-driven energy requirements, replacing by RE-mix!
Germany is proving it, so the world can do it in a timeframe of 5 to 10 years.
We don’t need and don’t have another 50 years to adjust!
We can thrive and turn our society into a sustainable one for generations to come. the only thing we need now is the GUTS to make it happen, NOW! along the way of the Transition Narrative, accept uncertainties, abuses, chaos, … but it is the only way forward!
As Garelli states:
The key to success is in bringing the management of efficiency, change and complexity to the ‘why not’-mindset and even dear to bring ‘why not NOW’ and ‘why not ME’ – engaging in commitment, so that WE can thrive again!
Inspire one – 1x = X1 – motivate many!
ecoNVERGE – Inspire ● Harmony ● Balance
WE can make a difference! WE are Unlimited!
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