This is an interesting article on the current economy and what businesses need to do to stay healthy in our changing and unstable world economy. It's by Jeff Immelt, the CEO of GE. His thesis is that companies need to localize to be nibble, to get around protectionist barriers, and to do the most good for the people in the countries where they have a presence. It's an interesting read.
"Change requires new business models that are leaner, faster, more decentralized. Complex and centralized bureaucracies are obsolete. GE is pushing capability to local teams who are empowered to take risks without second guessing."
"Success requires hundreds of little things, and decisions made with a local context. A good global leader has an appreciation for how people do their work in a local culture. They try to make a teams’ work meaningful to their country. This allows us to hire the best talent in every country where we compete."
"Over time I realized that progress counts for more than perfection and that anything worthwhile takes persistence and resilience."https://www.linkedin.com/pulse/preparing-whats-next-jeff-immelt