As the world’s most expensive group skiing trip comes to an end, I offer you a brief wrap-up.
It has been the most positive Davos meeting in a number of years which was refreshing. With a cautionary note from a number of speakers – particularly the eminently sensible Christine Lagarde who warns that some delegates may have become a little too euphoric during the conference.
There were many fascinating forums that I have reviewed (and certainly many I have not had the chance to see). The first two I would like to comment on were the two most critical economic discussion: “The global economic outlook for 2013” and “Eurozone crisis – the way forward”. They were interesting, insightful but long forums so I have done my best to summarise them onto a one page infographic-style summary.
Our conclusion is that Europe (and to a lesser extent other economies) is “out on bail”, which is not meant to be a reference to Lagarde’s predecessor. The immediate crisis may be over but there is no room for complacency.
Click here for our Out On Bail summary.
Among the many other excellent discussions, I think the following are worth your consideration. If you click on the title, it will take you to the WEF official blog on that forum.
An entrepreneurial approach to risk.
An excellent forum that considers risks and then ways of addressing them. One very interesting part of this was considering how entrepreneurs make decisions and face unknowns – termed effectual decision making. Important to big corporations and entrepreneurs alike. Also mentioned is the Global Risks 2013 report – a good interactive document.
Wanted 600 million workers
An important fact is that unemployment is not simply that there are no jobs available; rather it is also about a mismatch between required skills and available skills. No easy answers here, except it is the role of both governments and business to find ways of closing the gap.
Finally, in closing I would like to bring your attention to our Brave New World initiative where we challenge organisations to begin moving forward in a positive manner by considering how the world has changed and is changing – and all the opportunities that this produces. An integral element of this is to take inputs from places such as WEF, The Economist, the Global Economic Symposium and other excellent sources to provide a more appropriate context than a “rear-view mirror” analysis.
If you are interested in Genesis supporting you in this (for instance through simply providing the contextual material; through to running a forward-looking and motivating workshop for your management team) – contact us at BraveNewWorld@Genesismc.co.uk.