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Global Mind Leaders - " The Five Steps All Leaders Must Take in the Age of Uncertainty "
Article
Title
" The Five Steps All Leaders Must Take in the Age of Uncertainty "
Description
Corporate executives need to move beyond managing only their own company and become active influencers within broader systems.
By Martin Reeves, Simon Levin, Johann D. Harnoss
( MIT Sloan Management Review ).
Idea In Brief
The Problem
Business leaders increasingly find themselves in unfamiliar territory marked by high levels of uncertainty and instability, a slowing global economy, and shifting political realities. Global economic policy uncertainty has tripled since 2000 and continues to accelerate.
Business leaders increasingly find themselves in unfamiliar territory marked by high levels of uncertainty and instability, a slowing global economy, and shifting political realities. Global economic policy uncertainty has tripled since 2000 and continues to accelerate.
Our own research shows that this systemic uncertainty feeds into corporate decision-making. Companies are more exposed than ever to economic and political feedback, and their performance swings are increasingly due to noncompetitive effects.
This phenomenon affects players across entire industries and, in the extreme,
can threaten their very survival
