Michael Beckley & Kimmo Nieminen: Geopolitics, China, and How Businesses Can Stay Resilient
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Tufts University professor Michael Beckley and PwC Finland's Kimmo Nieminen debate what slowing global growth, state-backed competition, and China's peaking power mean for business leaders, and how to build a company that is ready for a more volatile world. Key learning points: - The "polycrisis" is really one crisis. Beckley argues that slower global growth is pushing countries and companies to grab bigger shares of a stagnant economy. - Don't manage everything as a crisis. If everything is treated as a crisis, nothing is the strategy. Build a company that can absorb volatility instead. - Treat resilience as insurance. Identify your critical dependencies, such as the "10-euro component" that can stop a billion-euro plant, and pay the resilience premium where it matters. - Turn resilience into something customers pay for. Companies that offer redundancy and alternative supply routes become more attractive to clients and governments alike. - China may be more dangerous in the short term but less competitive in the long term. Debt, overcapacity and backlash against its policies are building up. #nbforum #nordicbusinessforum #nbf
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