Today in Global Small Business: Where Is Your Organization In Its Leadership Journey?

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What's affecting me, my clients, my colleagues and other global small business owners:

• We need leaders we can trust, who genuinely care and connect with us.  Is that you?
• How the rules of success are changing.
• What should you be reading this summer to stay resilient? Find out here from CEOs, founders, Nobel Prize winners, editors-in-chief, economists, and government leaders from around the world.
• Quote of the week: “Our chief want is someone who will inspire us to be what we know we could be.” – Ralph Waldo Emerson
• Build a metaverse strategy to deliver sustainable outcomes.
• Learn about resilient transformation.

 

Where Forecasts Went Wrong On Trade Globalization

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According to the International Monetary Fund, the prediction that expanding production networks and trade globalization would make the world economy less resilient turned out to be wrong. Why?

The question has two components: (1) Why did demand for traded goods boom? (2) How could supply increase to satisfy this unprecedented expansion of demand?

Read on about globalization and resilience.

The Big Awakening Caused By Two Words: Transformation and Resilience

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Financial Times editor and founder of FT Forums, John Thornhill, spoke with Microsoft chief executive and the FT's Person fo the Year for 2019, Satya Nadella.  Below is the edited transcript of their discussion but here is a quick snippet of one of Satya's many comments:

These two words “transformation” and “resilience” through digital tech have [been] the big awakening . . . whether it’s a retailer or even a small retailer, who is able to now do curbside pick-up as a way to continue their business operations or a manufacturer or even a midsize manufacturer being able to do lights-out [fully automated] manufacturing.

Read the full interview here.

What If?

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By now, everyone knows that the shattering impact of COVID-19 has brought on a business crisis without precedent in recent memory.  To build resilience going forward, the first question to answer is not, “What’s in it for me?” but “What if?”

The following article covers four strategic priorities – levers operating in combination ran than in isolation – as outlined here:

1. Aim for survivability and resilience before economic efficiency
2. Quantify and plan for ecological and environmental threats rather than just describe them
3. Build a strong organizational immune system rather than maximise short-term profits
4. Integrate government politics rather than focusing only on business economics

Read the entire article about how strategies or business owners need to put these priorities on your radar for the years to come.

Accepting a New Reality

©2017 Laurel J. Delaney.  All rights reserved.

"Resilience is accepting your new reality, even if it's less good than the one you had before." -- Elizabeth Edwards

Resilience Is Important When Running a Global Small Business

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Liz Dickinson, founder and CEO of Mio Global, knows a little something about what it takes to become a success with a startup company.  You need to "sell yourself, your vision, and ultimately your products."

She goes on to say:

Yet, in reflecting back over those early years, being prepared for the challenge ahead was not my key learning. More fundamentally, what I have learned is the importance of being strong; having that character trait of resilience, which luckily turned out to be my greatest asset.

Learn more:  Small Business Startup Tips for Success

Countries With Promising Advantages

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Author and Eurasia Group President Ian Bremmer poses the question:  Which countries are best positioned to pivot deftly in this emerging world order?

We have entered what I like to call a "G-Zero" world: one in which no single nation (not even the U.S.) or alliance of governments (certainly not the G-7 or G-20) possesses the political and economic muscle to drive an international agenda. In this new decentralized global order, growth isn't enough. A country also must have resilience—the power to pivot.

Find out here.  In terms of promising advantages, country size does not matter.

Posted by:  The Global Small Business Blog