IMD President-elect David Bach joins Carol and Tim to discuss navigating business strategy amidst policy volatility, challenges faced by companies and leaders, perspectives on Diversity, Equity, and Inclusion, and the responsibilities of a university president in fostering innovation and sustainability in business practices.
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Quick takeaways
Executive education programs are essential for businesses to tackle challenges and stay competitive.
Leadership development is crucial for navigating crises, emphasizing authenticity and adaptability.
Deep dives
Focus on Executive Education for Business Leaders
Many companies now prioritize executive education programs to tackle major challenges and prepare for the future. Leading business schools like IMD offer non-degree programs, focusing on developing the next generation of leaders and addressing key industry challenges. Programs range from short sessions to long-term engagements tailored to each organization's needs, emphasizing the importance of continuous learning and adaptation to stay competitive.
Leadership Development in a Changing Environment
The emphasis on leadership development is crucial in today's uncertain world, requiring leaders to be self-aware, agile, and resilient. Business leaders are encouraged to develop authenticity and adaptability to navigate crises effectively. Despite shifting trends like decreased emphasis on formal DEI programs, companies still prioritize diversity and inclusion efforts to attract and retain top talent.
Preparing for Global Business Challenges
Adapting to a volatile business landscape, especially post-crisis, necessitates forward-thinking approaches in leadership and strategy. With a focus on sustainability, innovation, and global competitiveness, European companies are urged to address equity issues and leverage smart regulations for growth. Business leaders must anticipate policy changes, maintain agility, and focus on long-term strategic alignment to navigate evolving business environments.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. IMD President-elect David Bach discusses helping businesses navigate geopolitical challenges. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.