Worldwide OfficesWelcome to The New Economy
Greetings!
Like many business leaders, I have enjoyed a business career that spans several businesses, both in the UK and internationally. My current role is Chief Executive at Vistage International (UK) – the world’s leading Chief Executive organisation. The past two-three years have been the most challenging that many of us have ever seen. Fundamentals shifts are taking place within our economy and within the business models that we practice. My background and interests are in two areas:
- What are the business models, opportunities and challenges that we now face, and how are they different?
- Aside from the economic challenges we now face, what further changes will the use of technology bring about, and what will that mean for current businesses and brand new business opportunities?
And so I’ve started this blog to present ideas, opinions, reflections and comments on what I see around me, and from my work with Vistage members, Vistage Chairmen and Vistage Speakers. The views are my own – so please feel free to challenge me and disagree!
We use the term ‘New Economy’ at Vistage because we do believe that the world has changed. The recession, while it has been very tough and painful for many, has actually forced a new reality for businesses and individuals. Perhaps we’ve all been living a lie for the past few years. Living beyond our means in a reality that was never sustainable. So now, we’re back to the real world with a loud ‘thud’. But the changes, although they were mostly forced upon us have made many businesses realise that there are new ways; that we don’t have to do things just because they ‘have always been’.
And in parallel to everything that has been happening with our economy, the opportunities presented by technology and the internet continue to move forward and change direction. The rules of the game keep changing. Entirely new games have actually appeared, with new players and new playing fields on which we can engage.
So this blog will be a mixture of business and economy content, occasionally complimented with features and commentaries on how technology is changing the rules of the game. I hope you get something out of my entries, and please do respond and let me know your thoughts – conversations are better than monologues!
Regards
Steve Gilroy
Chief Executive
Vistage International (UK) & Ireland)
3:35 pm on March 3rd, 2010
Steve,
Glad to see that you have started a blog, good luck with it!
I agree that there are more and more ways of approaching business/developing opportunities that can be considered now that would have seemed unacceptable or inappropriate only two or three years ago. I feel that this is an ideal opportunity to challenge the normal “ways of working”; to question if there are simple changes we can make to our default modes of operation to find simpler and more obvious ways of achieving our business goals.
Due to the state of the economy, more and more people seem to be graduating from University having spent months and perhaps years forming ideas for their own new businesses, with some already ‘trading’ from their bedrooms or garages. Entrepreneurs with energy, innovative ideas on how businesses should run, and courage to follow up on their vision.
My view is that more energy, innovation and courage is needed to help drive more opportunities for business trying to survive and prosper in the ‘New Economy’.
Regards
Paul Reid
Sigma Seven Limited
6:03 am on August 6th, 2010
The world has certainly changed and the only way to survive is to change with it.
.-= financial spreadbetting´s last blog ..Financial Spread Betting Companies – Part 2 =-.