4 key Takeaways
Foresight will determine the winners and losers
The C-suite needs to see beyond the now: ahead of the fog and confusion to determine how the world or industry segment will look when the dust settles. The winners and losers won’t be determined by the cash you make but rather the calls you take.
With great resources, comes great responsibility
Governments can no longer be held solely responsible for the progress of the economy. Businesses must become quasi-government entities that enable smaller businesses, educational institutions, and the community at large.
There’s no substitute for hard work, knowledge and passion
Hard work is the foundation for growth, and you can’t grow if you’re clueless about what you’re doing. If you’re passionate about what you do, the thirst for knowledge comes naturally. And even the hard work doesn’t feel as hard.
If you're not part of the solution, you are the problem
When you think about any problem, it almost always boils down to two things: technology and people. But then again, so does every solution. Organizations need to include as many people as possible in their solution set, leveraging the right tech to create an impact.
According to World Bank forecasts, the global economy will shrink by 5.2% in 2020, representing the deepest recession since WWII. Today, there are a few big themes, driving not just conversations but decisions across the globe. The issues in focus: the medical crisis, economic displacement, and the disruption due to digital acceleration.
The strategic direction taken during these challenging times will define tomorrow. The board members and management are required to monitor and adapt to these changes, while also grappling with the immediate operational needs. At Infosys Confluence 2020, Ursula Burns, Ex Chairman and CEO, VEON Ltd., Xerox Corporation and Salil Parekh, CEO and MD, Infosys delved into the priorities of the boardroom agenda in the present.
All of my mistakes have been recoverable. And this idea of passion, hard work, and competence gives you the opportunity to survive through recoverable mistakes.
