Day 3 of Leaders in London
This morning at the Leaders in London conference, I heard an interesting look at the world from Sir Martin Sorrell who gave 7 areas that leaders should be looking at as part of the future strategy
- Globalisation. America used to dominate but the economic power is shifting to Asia,Latin America and Africa.
- Overcapacity. All industries are producing more than the consumption needs. That means differentiation is key and even more importantly intangible differentiation - which means that talent will become a central driver to growth.
- Web. Yes the web, yes the technology but also the human side as well. Talent is being given more choice....and the web is drawing them rather than monolithic organisations.
- Distribution. Retailers have the power, which means that margins will increasingly come under pressure. The only way to grow is through innovation and branding. Innovation can do without branding but branding cannot live without innovation.
- CSR. Now on each companies agenda - Branson, Gates, Gore are putting CSR on the agenda.
- Structure. There should be 2 focuses for business - globalisation and country. Regional management will lesson in importance.
- Internal Communications. People are the most important resource and becoming a limited resource. The ability to communicate vision, mergers, structure will increase in importance. We need to reduce the waste on time from people's inability to work together.





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