Radu Magdin, Contributor
Consultant și analist de risc politic, CEO Smartlink, fost Policy Manager la Google Bruxelles
How to avoid political turbulence: Essential advice for CEOs
Navigating this turbulent period requires a return to the first principles and a feeling to the broader trends. For all those CEOs overwhelmed by the messy change we see on the horizon, I will try to offer my take on some essential aspects to consider when venturing into the (very likely) storm.
Last week, Forbes organized in Singapore the 19th annual Forbes Global CEO Conference, gathering some 400 of the world’s top global CEOs, tycoons, entrepreneurs, investors, and thought leaders (details here). The theme of the conference – transcending the turbulence – is more than an attempt to take stock of what is currently happening in/to the world; it is an exercise in catching up. If some years ago politics (either domestic or international) was considered as an accepted nuisance against the almighty rule of the market, today’s story is about making sense of the relationship and tensions that connect political leaders and voters. Let us take a closer look at three facets of the new game the business world is called to be part of.
Building resilience. No plans are perfect, but planning is essential, especially as it can provide the business world with the mindset and the tools that will allow it to live another day. What I am proposing to every future-oriented CEs is the implementation of the 5Is ecosystem path, comprising of the leader, the team, and surrounding environment. And this should also orientate the approach to the challenges that I have highlighted above. So, the 5Is are about: 1. Information, about scanning yourself, your team and the wider world so that you can feel the trends and ride the (good) waves; 2. Initiation, about training to be competitive, about refusing the beaten paths and the conventional wisdom, about embracing rather than avoiding big challenges; 3. Image, about how you would like to be seen and about getting a sense of the emerging concept of competitive storytelling; 4. Influence, about finding your niche and about identifying power voids in a market; 5. Interaction, about ensuring the right combination of cooperation, collaboration, cohabitation, and competition. A take on the 5Is that starts with openness and continues with discipline is what will transform you into a seasoned captain during an imperfect storm.