The British Press had a field day as you might expect with the term of ‘Resilient Dynamism as defined below. When Davos Chief Klaus Schwab described Christine Lagarde Managing Director of the IMF as the embodiment of Resilient Dynamism @ChrisGiles tweeted ‘ I think I am going to be sick’.
The general consensus of a cynical British press was that Lagarde failed in her attempt to succinctly describe the concept of ‘Resilient Dynamism.’ Frankly who wouldn't.
Much of the rest of the day had references to David Cameron’s speech on Europe and his promise of a referendum if certain criteria are met in the next Parliament if elected.
Generally the European leaders and indeed USA made it clear they want Britain in Europe. Tony Blair’s comment as to why Cameron would make such a speech and create uncertainty for the City and Business - unless it was for Political reasons seemed a little naive. Cameron likes brinkmanship and needs to feed red meat to the eurosceptics in his party on a regular basis. As Charles Kennedy said on Radio 2 though, he needs to be careful they don’t ultimately eat him.
Interestingly Cameron’s speech was overshadowed by the IMF’s prediction that world recovery will continue but at a slower pace than previously thought. Why do all forecasts move right on the spreadsheet ?
‘Davos - Executive Summary
We live in the most complex, interdependent and interconnected era in human history – a reality we know as the hyper connected world. This reality presents a new leadership context, shaped by adaptive challenges as well as transformational opportunities. Yet efforts to rebuild confidence and restore growth remain vulnerable to looming political and economic shocks. Indeed, there is no “risk-off”
sectors need to adopt a “risk-on” mindset to catalyse dynamic growth. Dynamism in this context requires successful organizations to demonstrate strategic agility and to possess risk resilience.
“Resilient Dynamism”, therefore, is the focus of the World Economic Forum Annual Meeting 2013.
The Global Agenda
- How to get the global economy back on to a path of stable growth and higher employment
– How to address persistent vulnerabilities within the international financial system
– How to increase global, national and industry resilience to major systemic and catastrophic risks
The Regional Agenda
– How to adapt to leadership transitions among G20 members and to understand their geopolitical and geo-economic implications
– How to navigate the political and economic transformations in Europe, the Middle East and North Africa
– How to ensure that protectionism and nationalism do not derail regional economic integration and multilateral economic
cooperation in Asia, Africa and the Americas
The Industry Agenda
– How to thrive when global competitiveness is increasingly driven by talent and innovation
– How to ensure stable, sustainable and affordable supplies of critical natural resources
– How to navigate a changing regulatory environment while pursuing new growth opportunities
The Business Agenda
– How to create new value in the face of generational and structural shifts that are reshaping business models
– How to adapt to the future evolution of social technology in a business context
– How to leverage rapid and far-reaching advances in science, technology and medicine’
Source : http://www3.weforum.org/