PHOTO
Riyadh: As public and private sector organizations prepare for the post-pandemic future and leading in the new reality, governments and leaders must now shift their mindset to one focused on sustainability and innovation. To encourage actions in this direction, Boston Consulting Group (BCG) recently held its flagship CEO and Leaders Forums over two days on 4-5 November, as detailed discussions centered around “shaping a better future” and how to “win the new customer” took place.
Globally renowned Marc Randolph, Founder and former CEO of Netflix, led the CEO Forum on day one, where he elaborated on the online movie and television streaming service’s inspiring success story and discussed new consumer demands with senior leaders of distinguished regional companies and BCG’s leadership team. BCG’s Joerg Hildebrandt, Managing Director and Senior Partner who heads Middle Eastern operations, began the proceedings while Hans Clement, also Managing Director and Partner, served as the event’s moderator.
“Today, with the future less transparent than ever before, creativity, innovation, and experimentation are required to win new customers and stand out from the competition,” said Marc Randolph. “How we adapt to this new reality and how the business community creates the processes and cultures required to survive and thrive are the questions demanding solutions. Speaking during BCG’s virtual CEO Forum – sharing my story of how an audacious DVD-by-mail idea changed the way entertainment is consumed and disrupted the entertainment industry forever – was a unique experience and one I hope inspired all attendees.”
The ongoing crisis has created a heightened emphasis on how organizations apply themselves within society. Issues such as the climate and sustainability remain prevalent as ever as part of the common goal to shape the future, and widespread public sector collaboration is integral to establishing new groundwork and driving progress.
As such, new to this year’s invitation-only event was the inaugural Leaders Forum on day two, which was moderated by Maya El Hachem, BCG Managing Director and Partner, and aimed to reach out and engage public sector organizations. Former Prime Minister of Finland Alexander Stubb, who recently concluded his tenure as European Investment Bank Vice-President and now serves as Director of the School of Transnational Governance, explained why the world would be a better place when society emerged from the current difficulties and shared his proposals to navigate the next decade and beyond.
“We humans have a tendency to do three things – over-rationalize the past, over-dramatize the present, and underestimate the future,” said Alexander Stubb. “Having the opportunity to discuss ways in which we can maintain stability in the current world of disorder and hopefully make the world a better place was a privilege.”
Despite the widespread challenges stemming from the pandemic, BCG provided clients with the opportunity to explore avenues to lead and succeed, combat pressing topics, and shape a prosperous and sustainable future through a virtual platform. The intimate setting enabled participants to engage in open conversations with guest speakers and BCG’s leadership team and other industry leaders/agenda shapers, who subsequently provided excellent feedback.
“We are delighted with the response and reception from our clients regarding the beneficial extent of our CEO and Leaders Forums,” said Joerg Hildebrandt, Managing Director and Senior Partner, BCG. “Besides gaining valuable insights from tier-one speakers and networking with peers, attendees also accessed exclusive BCG content so we could ensure they received specific and detailed responses to their specific areas of interest. Public and private sector guests were invited to separate sessions this year for the first time, which allowed us to offer content tailored to their specific priorities and markets. The event was a huge success and as we head into 2021, the conversation concerning how best to lead in the new reality can continue to gain traction with inputs from every member of regional leaders’ community.”
-Ends-
About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation—inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.
To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
