Right back in the year 2007 end, the great recession had just started and by the early 2008, the United States and Europe were already showing the early signs of economic slowdown – ‘the job market opportunities getting frozen and there was cutting down of public spending, as the US Economy was on the verge of collapse.’
In his acceptance speech, President Elect Barack Obama made a fervent appeal to his followers – ‘The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America – I have never been more hopeful than I am tonight that we will get there. I promise you – we as a people will get there. There will be setbacks and false starts. There are many who won’t agree with every decision or policy I make as President, and we know that government can’t solve every problem. But I will always be honest with you about the challenges we face. I will listen to you, especially when we disagree. And above all, I will ask you join in the work of remaking this nation the only way it’s been done in America for two-hundred and twenty-one years – block by block, brick by brick, calloused hand by calloused hand.’
The global tilt is nothing less than an irreversible shift of economic power — in terms of jobs, wealth, and market opportunities — from a small part of the world to the entire world. It is improving the lives of millions of people around the world, and while it is creating immense opportunities or whether it is disrupting the world equation, it is happening with a dizzying speed. If you’re an American or European, any assumptions you may draw about the national and managerial superiority are obsolete. Businesses in China, Singapore, India, Brazil, Malaysia, and other emerging countries on the move have ready access to the capital and expertise they need to grow. Their leaders have just as much knowledge, talent, and drive as the Americans or Europeans do. And they are unleashing their entrepreneurial verve to scale up fast and grab once-in-a-lifetime opportunities.
These businesses from the ’emerging markets’ will soon be competing with that of global leaders in the corporate sector from the US and Europe everywhere on the planet, even if they are not aware of them yet.
A timely and insightful call to all establishment leaders in the developed world and in the emerging markets to rethink the world business equation. Ram Charan encourages leaders of the North America (USA) to develop strategies and operate with a more realistic mind set if they are to counter the thrust of exuberant and more affluent and ‘confident’ leaders of the emerging markets.
A must read for those seeing a more growth orientated future.
– How can you make your small business to grow Big ?