You know when it’s Davos time when your friends and colleagues on Twitter drop the “D” word, and when on January 20th your twitter feed gets inundated by pictures of a cute red train trolling through the foothills of Switzerland as participants make the annual pilgrimage to the small Swiss village. If you are not part of the lucky few, you can still follow the event from the comfort of your home or office. Here is a primer on the how and where. I will update regularly as more information is released.
Davos is around the corner. If you have not yet received the coveted invitation, you can still follow the event from the comfort of your home or office. Over 2000 executives, heads of state, academics, NGOs, thought-leaders, social entrepreneurs and technology pioneers will meet, talk, debate, often disagree. Many of those conversations exit the walls of the Davos Congress center so that you can participate. Here is a primer on the how and where. I will update regularly as more information is released.
With the revelation of each new failure caused by "strategic short-sightedness," as illustrated by the recent Kodak, HP, RIM and Blockbuster failures, companies must rethink their governance systems and in particular the role of the board of directors.
A recent article by Anya Schiffrin "Confessions of a Davos Wife" (see here) on Reuter's website sparked my interest. Since the site seem to have censured my comment on the blog ( here goes freedom of expression... Note from author: I stand corrected: after this article was published on Competia's site, and picked up in a number of pinboards, Reuters finally allowed my comments on the blog. Thanks Reuters ! ), I thought I'd publish it here. I can use also the excuse to introduce what will go on in Davos at the World Economic Forum Annual Meeting 2012 for me this year.
Klaus Schwab from the World Economic Forum, opened one of the WEF's meeting last month by saying " Complexity, velocity of global issues means decision makers are always behind". From heads of state to corporate decision makers, everyone is struggling with the same challenge: too much - too fast. There is one profession however who has studied carefully decision making, and systematically trained thousands of decision makers to allow them to make decisions in minutes, often in very uncertain conditions : the airline and airplane industry. Managers and executives could learn from them.
As industries become increasingly complex, it is more difficult than ever to govern companies. As an executive or a board member, you are often responsible for identifying where the company might have underestimated a strategic risk, or where you are failing to see a strategic opportunity. Competia has developed over the past few years a systematic approach to enable management teams to examine your company's strategy and lead discussions around potential "blindspots" - untapped opportunities and overlooked risks. We are now introducing the "Strategic Blindspots Index"©, a systematic method to assess the risk of a strategic blindspot developing, and a way to compare a company's risk profile with industry peers.