If you're not already talking about the biggest financial scam in history, maybe it's time you should be
Soley Sans, Jorge
At least 15 banks have been or are being investigated for what many are calling the biggest financial scam in history. It's no use thinking that such manipulation won't affect you. Everyone needs to understand these issues better.
A decade ago, we felt invincible. Now, in our moment of weakness, we need to discover new strength
The crisis has dragged on far longer than we expected, and we've run out of recipes. For a world marked by uncertainty, we need new leadership that is prepared to set aside egos in order to meet the challenges ahead. What will that entail?
The taxpayers have had to bear the cost of the crisis. Restoring their trust is vital
Campa Fernández, José Manuel
The global financial crisis that started in 2007 has severely eroded the trust that used to exist between the public and the banking sector. To rebuild that trust, several actions will be necessary.
The correlation between investment and employment cannot be underestimated
According to the International Labour Organization's World of Work Report 2012, a return to pre-crisis investment levels would help to reduce global unemployment by almost 9 percent. But what factors are hindering investment in job creation?
Our frustrated efforts to cut emissions stem from a misunderstanding of how and when innovation works
Despite widespread agreement that something must be done to tackle climate change, and that whatever action taken must involve the private sector, no one seems to agree on the best way forward. That’s because few truly grasp two key principles of how and when innovation works.
Being able to strike the balance between efficiency and innovation is vital for leadership today
The demand for innovation has become that much greater. This demands a special kind of leader – one capable of recognizing that the management practices needed for making improvements in processes and efficiency are different from the practices that will help innovation to flourish.
If we regain a humanistic perspective in the corporate world, we will make better decisions
Melé Carné, Domènec
Making a good decision requires three kinds of human reasoning: instrumental, theoretical and practical. These three forms of reason all come together in the “humanistic perspective” of management. Considering the human dimension makes the decision-making process more comprehensive.
A number of great global companies are growing their enterprises based on a new conception of the firm
Moss Kanter, Rosabeth
Articulating a purpose broader than making money can guide strategies and actions, open new sources for innovation, and help people express corporate values as well as their own. Doing all of the above enables the final tenet of a humanistic logic: treating people as self-determining, self-organizing professionals.
Job creation involves a lot more than introducing a few labor market reforms
Pastor Bodmer, Alfredo
The United States, which is not overly constrained by labor market rigidity, and many European countries, where some reforms have already been implemented, are witnessing two phenomena – the “jobless recovery” and polarization of the labor market – which would appear to run deeper than the scope of any obvious reforms.
Have you thought about the changes coming your way and how they will affect your business?
What do you think will happen in the year ahead? That is a question that business planners have to ask as they prepare their annual budgets. It is also what I ask several dozen people each year as I prepare the next edition of The Economist’s annual collection of predictions in “The World in…” series. Their answers are both fascinating and frustrating.