Marketplace (NPR)

Rich Lesser on Business Leaders’ Role in Politics

BCG’s CEO Rich Lesser joins NPR's Marketplace to discuss how business leaders are thinking about their current role in politics. He believes CEOs have a responsibility to speak clearly on a range of views, while also advocating for democracy and free and fair elections. Lesser concludes by saying, “I realize that it’s challenging to know what the boundary lines are...but I think it’s the right thing to try to speak to that.”

DailyFT

Future of Work: Journey to the Hybrid Future

Companies around the world have adopted the work-from-home paradigm over the past year. In DailyFT, BCG’s Chilman Jain and Prateek Roongta write that “companies that wish to emerge stronger in the next normal must begin testing, learning, and adapting to the new reality.” They cite a joint survey from BCG and KRC Research that says more than 40% of managers report increased productivity among their remote workforce. However, Jain and Roongta note that such unexpected shifts in the workplace are likely to create new challenges. They outline five dimensions to consider on the journey to the hybrid future: defining the goal, choosing the right hybrid working models, building agile practices, creating caring remote leaders, and embracing digital solutions.

Hindustan Times

The Working of a “Project Finance Economy”

BCG’s Janmejaya Sinha writes in the Hindustan Times: “It is time to question neo-classical economic precepts on deficit and inflation for an economy of India’s nature.” He identifies India as a “project finance economy” and says that to achieve GDP growth and meet the needs of its citizens, India must improve its soft and hard infrastructure to raise economic productivity and service loans. Sinha advocates for a reset “to create the right policies for sustainable employment generating growth in India by improving our productivity.”

CGTN

The Future of Remote Work

BCG’s Nick South believes that employees will be allowed to continue to work remotely in the future, at least some of the time. He tells CGTN that “the surprising thing for everyone was just how well it worked,” and he believes companies will implement a more hybrid way of working going forward. South says since many people are still skeptical of returning to work in-person, it’s the employer’s job to entice them back to the office by thinking, “how do we recreate that buzz and energy?”

The New York Times

A Decline in Chinese Luxury Shopping Overseas

The pandemic related suspension of international travel resulted in an increase in domestic Chinese luxury shopping. BCG’s Veronique Yang tells The New York Times that although approximately 70% of Chinese luxury spending used to happen in the overseas market, that figure fell to around 30% in 2020, as “Chinese people have started to purchase within the domestic market.” Growing at 17.1%, the export of Swiss watches to mainland China was the only market industry to increase from January to November of 2020.

The Edge Malaysia

Building Digital Success with Women in Technology in Malaysia

BCG’s Vaishali Rastogi writes for The Edge Malaysia about how to assess the landscape of women in technology and enhance inclusion, referencing BCG’s study done in partnership with Singapore’s IMDA and SG Women in Tech. According to the study, women account for only 32% of the technology workforce, compared with 38% of the total workforce in Southeast Asia. BCG’s Pauline Wray also analyzes the results of the study to find ways to champion women and benefit Malaysian business overall.

Forbes

In the New Year, You Should Be Able to Decide Not Only Where You Work, But When

In her column for Forbes, BCG’s Deborah Lovich has some advice for employers: lighten up. She writes that employers need to recognize that the rhythm of the workday has changed as employees work from home, with, for example, more asynchronous and staggered hours. Lovich believes that the future of work is flexible, and she makes predictions based on evidence from the pandemic. She states that “the goal should be to fit work around life, rather than fitting life around work.”

The Economic Times

Five Things CEOs Can Do to Make 2021 Work

In The Economic Times, BCG’s Alpesh Shah, Hans-Paul Bürkner, and Lars Fæste assert that uncommon opportunities can arise from turmoil and share five things they have learned from some of the world’s most talented CEOs: the importance of unleashing the power of the frontline, doubling down on a sense of purpose, going local and building bridges, integrating digital and technology into everything, and simplifying to generate the funds to fuel the journey. They write that “success is no longer just about optimizing margins, profit and Total Shareholder Return. Those things are still essential, but it is also critical to optimize Total Societal Impact.”

Forbes

What 2020 Taught Us About “Growing” Future Leaders

BCG’s Debbie Lovich believes that the lessons from 2020 will be mined for years to come, specifically when it comes to developing leaders. In her column for Forbes, she shares three of these lessons for the new reality. First, employees identified as rising stars may not deliver great leadership. Next, a growth mindset requires “deliberate practice.” And finally, organizations have to “intentionally develop their leadership”—an effort that cannot start early enough.

Fortune

Getting to the COVID-19 Finish Line: A Drama in Three Acts

In this commentary for Fortune, BCG’s Rich Lesser and Marin Gjaja propose that the story of the end of the COVID-19 pandemic must unfold in three acts that require holistic and responsive strategies from all stakeholders. The first act is an “epinomic approach,” which involves balancing epidemiology and socioeconomics to manage risk. Act two requires a robust monitoring system of testing and tracing, with more “proactive screening testing of populations.” The final act is to complete the administration of vaccines. They write that “this is our last chance to take the off-ramp to the finish line. Let’s not waste it.”

Forbes

Squaring the Circle in a “Confusing, Polarizing World of Dizzying Complexity”

In his penultimate column for Forbes, BCG’s Grant Freeland writes about how business leaders must deal with the challenges unique to their industries, institutions, and times by helping to shape changes instead of “being shaped by them.” He cites a recent article from BCG Henderson Institute that offers suggestions for leaders who must chart the path forward in a world that is becoming more complex and less predictable, and where the pace of change is accelerating. The key takeaways include accepting the world as it is, being ready and willing to change, developing a set of values, and looking in the mirror.

Fortune

How the Future 50 Positioned Themselves for Growth, Even in 2020

In their featured article for Fortune, BCG’s Martin Reeves and Kevin Whitaker unveil the fourth annual Future 50 index, which identifies companies with the greatest capacity to continually reinvent their businesses and sustain long-term growth. The index, codeveloped by the BCG Henderson Institute and Fortune, found that highly vital companies exist across all sectors and geographies. Reeves and Whitaker conclude that “vitality can be achieved everywhere—and even amid a crisis, opportunity awaits companies that are willing and able to look to the future.”

SUBSCRIBE