As we approach 2024, globalization and technological advancements continue to transform the business landscape. Companies worldwide are compelled to adjust to a shifting global economy, requiring forward-thinking and resilient business models to survive economic fluctuations.
The Chinese mainland has made significant breakthroughs and achievements in high-tech manufacturing on the global stage. With emerging technologies such as artificial intelligence reshaping industries, both Chinese and international enterprises face the challenge of navigating a landscape defined by evolving globalization dynamics and technological innovation.
In an exclusive interview with Dialogue, Francisco Veloso, Dean of the European Institute of Business Administration (INSEAD), shared insights on how businesses can adapt to these changes. He emphasized the importance of embracing innovation and fostering leadership to stay competitive in the current economic environment.
“Businesses need to be agile and open to change,” Veloso stated. “The integration of advanced technologies like artificial intelligence requires not just technological adoption but also a shift in organizational culture.”
He highlighted the role of business schools in preparing the next generation of leaders. “Educational institutions must evolve to equip students with the skills necessary to thrive in a rapidly changing world. This includes not only technical expertise but also the ability to think critically and lead effectively.”
Veloso also discussed how enterprises can leverage globalization to their advantage. “Companies should view globalization as an opportunity for collaboration and innovation. By engaging with diverse markets and cultures, businesses can enhance their creativity and competitiveness.”
As the global economy continues to evolve, the ability of businesses to adapt and innovate will be crucial. The insights from leaders like Veloso underscore the need for a proactive approach to change, emphasizing innovation, leadership, and global engagement as key factors for success in the coming years.
Reference(s):
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