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Davos 2023: Looming Global Economic Challenges Will Require World-Class Leadership from the C-Suite
If you’re following the coverage of the World Economic Forum’s Annual Meeting at Davos, it’s hard to escape the feeling that a recession is looming. How deep and how severe it will actually be remains to be seen, of course. Two-thirds of private and public sector chief economists surveyed by WEF expect a global recession this year, with 18% considering it “extremely likely” – more than twice as many as in the previous survey conducted in September 2022. But the simple truth is that we’ll be facing an economic reckoning in 2023, and we’ll need to prepare.
This is the time when the quality and resolve of C-level leadership really matters. It’s at moments like these when the CEO, CFO, CIO, CTO, CISO and other members of the senior leadership team must be playing their A-game – and playing to win!
That means it’s time to double down on the time-honored fundamentals of successful business strategy: setting achievable goals; innovating to create competitive advantages; attracting and hiring top talent; and superlative execution with flawless consistency. But it also means drawing upon those indispensable leadership lessons learned during the global pandemic – demonstrating resilient, authentic and inclusive leadership in order to navigate the way forward by cultivating a trusting and innovative culture across the organization.
As leaders, we understand what’s at risk. Referencing a new PwC survey released at Davos, Reuters noted that, “With 73% of chief executives around the world expecting global economic growth to decline over the next 12 months, this gloomy view is the most pessimistic CEOs have been since PwC began the survey more than a decade ago.”
We’ll be addressing the leadership challenges created by economic uncertainty across our HMG Executive Leadership Summits throughout the course of 2023 where you will learn from your peers and globally-recognized experts how these macro-economic trends are likely to impact your organization’s strategic goals and how best to adjust for them accordingly.
Here at HMG Strategy, we’re already preparing for a great new year and we eagerly look forward to another 12 months of thought-provoking summits, webinars, roundtables and other executive-level meetings. We have a tremendous schedule in place and we urge you to visit the HMG Strategy website to learn more. Our next event is the 2023 Silicon Valley Global Innovation Summit on Feb. 28 at the Hyatt Regency Santa Clara. Register today for this unique and exciting high-value executive summit focused on resilient leadership and driving fearless reinvention to deliver a secure digital strategy in a connected global marketplace.
At HMG Strategy, we strive to produce the world’s best summits and executive leadership events, custom designed to help you to lead in the C-suite and at the board level and to accelerate your career ascent. I urge you to check out our amazing schedule of high-powered summits and see for yourself how the strength and power of our world-class community can help you and your team.