63 posts categorized "Current Affairs"

January 21, 2014

What the worker of tomorrow wants

Dttl_davos14_positiveimpact_300x200More than 1,500 business leaders are gathering here in Davos, most of them part of the C-suite in their organizations. And as they mix with heads of state, influential NGOs, and the occasional celebrity, I doubt they are thinking about workers 30ish and under.

But they should be.

By 2030, more than 70 percent of the workforce will be made up of workers born after 1983—the millennials . And according to a new survey released today by Deloitte, businesses need to be aware of three key themes on millennials’ minds: social impact, social media, and innovation.

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January 20, 2014

Womenomics in action

Goto_yoriko_300x200This year I am attending the World Economic Forum Annual Meeting in Davos as a representative from Deloitte Japan and as a Deloitte Touche Tohmatsu Limited (DTTL) board member. Even as a third-time delegate, I am always thrilled to meet great people and be exposed to new perspectives and innovative ideas.

Last year, I emphasized the importance of including women in the boardroom for business development and innovation. In fact, DTTL has increased the percentage of female board members from 8 percent to 25 percent this year. It is a great honor for me to have been appointed as one of the DTTL board of directors in addition to a board member role in Deloitte Japan.

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January 15, 2014

Davos 2014: Shaping and the shapers

Anoterh WEF image 2“Reshaping of the World,” the theme for Davos 2014, can bring to mind a range of unsettling trends and forces now bearing down on today’s society. Disruptive innovation. Digital technology. The impact of a hyper-connected populace. The shift of the workforce to millennials. A growing uncertainty toward traditional institutions. But the theme is also about taking action—and points to the Forum’s dynamic response to these “reshaping” trends at its flagship event and throughout the year.

Deloitte is playing an active role in this response, working with the Forum to debate, collaborate, and research many of the topics to be raised at Davos 2014. I personally have participated, along with other Deloitte leaders, in regional summits around the globe, offering and responding to a range of exciting ideas and solutions to the challenges now facing governments and businesses. From competitiveness in Latin America, to the sharing economy in Myanmar, to resilience in the value chain in China, the ideas brought forth at these summits inform the Davos 2014 theme and help set the path forward.

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November 11, 2013

People, change, and surviving the innovator’s curse

APLC blog image 2If you type the word “innovation” into the search window on Google books, you get more than 54 million hits—a testimony to how the pursuit of innovation has taken hold as the prime business imperative of the 21st century. But is innovation itself really a solution?

On a recent panel I moderated in Taipei, Ming-Je Tang, Vice President for Finance Affairs and Professor of International Business at National Taiwan University, took up this question. He listed a number of companies that were home to some of the most miraculous innovations of the 20th century—from mass production assembly lines to the personal computer. The thing they all had in common in addition to that innovation was that they are all either now struggling—or gone. They are victims, he says, of the “innovator’s curse.”

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September 06, 2013

Chasing big ideas in East Asia

Recently, I had an amazing opportunity to participate in a World Economic Forum event in an equally amazing locale: Nay Pyi Taw, Myanmar, where the 22nd World Economic Forum on East Asia was held. Moderating the panel “Chasing the Next Big Idea”—with a range of stakeholders, including former Prime Minister Tony Blair—I witnessed first-hand how bold thinking  can contribute to the future of East Asian countries.

Despite recent headlines touting the slow-down in the region, East Asia’s star continues to be on the rise. Five countries in the East Asia region now fall in the top 20 of the World Economic Forum’s Global Competitiveness Index, with most scoring above average. And according to UN Millennium Development Goals, East Asia—including the Pacific—is on target to lower poverty rates from 50 percent in 1990 to less than 10 percent in 2015.

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July 23, 2013

Visit to the 50th International Paris Air Show

Dttl_2012aerospaceoutlook_200X200A few weeks back I spent a fascinating week at the 50th International Paris Air Show with an international delegation of Deloitte member firm partners. This was my second annual visit to the show, which alternates sites each year between Paris, France, and Farnborough, United Kingdom. The Paris Air Show serves as the primary gathering for senior executives from almost every aerospace and defense (A&D) company from around the world.  The high quality interactions held at the show make it a key event for Deloitte’s Global A&D Sector group to attend. The Deloitte team took advantage of the opportunity to have several meetings with various industry executives, attend numerous receptions, participate in media interviews, and also attend many industry seminars.

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June 19, 2013

Collaboration: A new imperative for societal impact

Shutterstock_stpetersburg_300x200In my conversations with leaders in the private and public sectors, there’s a clear desire for businesses to play a significant role in helping address complex global challenges. Outcomes like economic stability, public health and well-being, high-quality education, and protection of human rights are too far-reaching for any one organization, or even a whole sector, to bring about independently. So collaboration among institutions and groups to address these issues is essential.

Over the next few days, I’ll have the privilege of attending the St. Petersburg International Economic Forum (SPIEF). Each year the forum draws a distinguished group of business executives, government officials, media leaders, and other influential figures.

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January 28, 2013

Mainstreaming impact investing: Overcoming the hurdles, addressing the skeptics

Blog_tree_money_300x200Asset management is in a state of flux. Trillions of dollars are expected to change hands over the next number of years as baby boomers begin to transfer their wealth to the next generation – a generation that has grown up in a culture that calls on business to play a more active role in building a better society.  In this context, the field of “impact investing” has taken center stage as a means to enable and empower for-profit business models to address society’s toughest challenges.

But what exactly is impact investing, and isn’t all investing intended to create impact? First coined by the Monitor Group in 2009, impact investing is an emerging industry that places capital in businesses (or entrepreneurs) that intentionally seek to create social or environmental value. This could be an investment in a dairy products producer in Nairobi that works to increase the efficiency and production levels of small-scale farmers in rural Kenya. Or, it could be an investment in an innovative program that seeks to reduce youth recidivism (repeat criminal offense) in New York City. The common thread among impact investments is the notion of intent – when the investor intentionally seeks to create social or environmental value, the investment is an impact investment.

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January 25, 2013

A sense of optimism

During this week's World Economic Forum in Davos, Deloitte UK CEO David Sproul provided daily recaps on his experience at the Forum. Below is an excerpt from his latest blog post. To read the full article as well as previous days' posts, please visit the Deloitte UK Responsible Business blog.

Borris_innovationlive_davos_300x200Reflecting on the many conversations I’ve had with clients, and others, this week, it’s clear that there is a definite sense of optimism compared to the position at the start of 2012.

The concerns of last year—particularly of a eurozone exit—have receded materially. Despite the continued low growth in Europe there is a definite feeling of greater resilience and a growing confidence that economies are improving, albeit slowly. I’ve also seen much greater recognition of the need for business leaders to have a stronger voice in making the case for responsible business.

Alongside client meetings, Davos has also again provided a good opportunity to engage with the media—with the BBC, the Telegraph and the Times all carrying interviews.

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January 24, 2013

Bringing female perspectives in the boardroom – Challenges in Japan

Dttl_YorikoGoto_DeloitteJapan_300x200I have the honor to attend the World Economic Forum in Davos as one of the five representatives from Deloitte this again year. Deloitte LLP, the U.S. member firm, was the first professional firm that launched an initiative for the retention and advancement of women in the United States. Started in 1993, the Women’s Initiative changed the firm culture to retain and advance female professionals with leaders’ solid commitment.

Within 20 years, the U.S. firm achieved quite a number of goals: closing the gender gap in retention and promotion (female partner ratio from 7% to 23% and female board member from 1% to 30%). This was, of course, a turbulent journey, but does prove that we can make it happen if we believe in it.

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