Brian Bacon, CEO of Oxford Leadership Academy, and long-time friend and ally of the ALIA Institute, offers this perspective on the global economic crisis.
What a Wonderful Crisis!
Although the future may seem to be painted in varying shades of grey, some leaders are seizing the opportunity that always accompanies a crisis. They are focusing their people with positive energy and fierce determination on the few things that can make the biggest difference.
As Matthew Key, Chairman and CEO of O2 Europe told me, “Let’s not let this crisis go to waste”. Key is directing the companies under his leadership to increase their focus on innovation, to enter new markets, to eliminate waste, to develop new technology services and generally to strengthen their relationships with employees, customers, the community and other stakeholders. He says, “Although no one would have asked for it, I believe that the global economic meltdown can be a good opportunity for us. It is a forced opportunity to positively drive changes for the customer that might have otherwise taken years. We’re making the most of it.”
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Deep Democracy in Action
At the 2007 Summer Institute Bernard Lietaer sent a shudder through the program community with his presentation on global financial systems. Bernard is renowned as one of the architects of the Euro and as an expert on complementary currencies. He began his presentation by quoting Paul Volcker, former Chairman of the U.S. Federal Reserve, who predicted a “hard landing” of the dollar within five years. The quote was dated 2005.
by Juanita Brown