I was honored to attend the 2014 Annual Meeting of the World Economic Forum in Davos, Switzerland, which wraps up a season of predictions for the year ahead and helps set the coming agenda for world business, civil society and political leaders. Continue reading “Davos 2014: Takeaways for the Year to Come”
Gray Rhinos are highly probable, high impact crises. Introducing a framework for dealing with these seemingly obvious but nevertheless very poorly handled events, I delivered this address at the Annual Meeting of the World Economic Forum in Davos, Switzerland, January 26, 2013.
My biggest takeaway from the 2013 Annual Meeting of the World Economic Forum in Davos was that we need to find ways to encourage long-term thinking -and acting. Read more HERE in this February 5th post to the World Economic Forum blog.
Down with Short Termism; Long Live the Long Term
If only I had a nickel for every time during the World Economic Forum Annual Meeting 2013 that participants held up short-term thinking and actions as the bogeyman standing in the way of the Meeting’s Holy Grail: dynamic resilience.
Delivering a scathing assessment of the European Union’s response to the euro crisis, especially in the early stages, Italy’s Prime Minister Mario Monti blamed it for short-term thinking when “leadership is the opposite of short termism.” IMF Managing Director Christine Lagarde similarly urged longer-term policy strategies: “If we look beyond the short term, we would indeed move past the crisis,” she said.
This is hardly the first time anyone has criticized short-term thinking as a danger. But the chorus of voices creates a real opportunity to move from talking to doing. Let’s use it to create the right incentives to encourage politicians, businesses, investors – and, for that matter, individuals – to think and act for the long term as well as for immediate priorities.