I think at some point we have to realize that it's not going to come with little tweaks and changes. And did you graduate from college? If you appreciate my answer, maybe give me a. "KESHLAN MUDALY: We shouldn't come out of this looking the same as we did before but greener. I get really excited when I look at the US and I see the seismic change in terms of kind of the values and the expectations that a generation is putting upon the role of work. But I guess while the rewards are great in becoming a digital incumbent, the risks if you are a traditional company, with that great brand, that customer loyalty, the trust, the risks of getting things wrong can be enormous now.PATRICK: Yes, and this is the dilemma for executives, because sticking to the knitting is not an answer either. It may be impossible to predict the future but not to prepare for it, explains Alan Iny. We hear a lot about inbuilt biases in creating technology such as AI. It's the same general mindset around sustainability too? So, it is an entire process.GEORGIE: When you talk about imagination in terms of business models, and what you were describing earlier about how companies do need to change and to innovate regularly, more regularly than they used to. I do think that many of the things the supply chain managers have been doing for years to drive reasonably good service to their customers, be the consumers or other companies to take cost out of the supply chain. They say fast fashion or clothes that are disposed of are part of the problem. Personally and professionally, get good at saying those things that may make ourselves and our listener uncomfortable, unhappy, but that ultimately need to be said if we're going to grow and we're going to progress. [MUSIC PLAYING]GEORGIE: Amazing, Neveen. One big idea is not enough. And fast-forward, we've seen what design that people really want, features that people really want that happens to be green and electric, can do, and it can fundamentally disrupt an entire industry.GEORGIE: Isn't it at a price point that people want as well, particularly with Tesla?SHALINI: It is at a price point that people want. I mean, you can start small to try to test this. And they made a game called Happy Money and they played it out in different places in the world. Everyone's been talking about fail fast forever, forever, but we never really do it. We represent large buyers and we get their suppliers to disclose. And so we're pulling those people out of families as COVID is wreaking havoc.And then certainly as we look at, outside of those that were affected by the illness directly, those that were affected by the shutdown of industries, as we tried to stop the spread. Debt creates extraction and decumulation, so if you don't have intergenerational wealth, you are heavily reliant on debt to grow your potential in our economy, and to grow your wealth over time. Which I think businesses often really do think about. These are called Scope 1 and 2. But when you are trying to get talent from a completely different country, completely different context, that's quite hard to do, so you're perhaps more likely to fall back on those traditional metrics. Out of their systems, increase their margins in the face of steep competition. If I look at their policy for the past years, I see a major risk that that's no longer the case in energy markets of the future, and that can't be in their interest. There's a great quote by an activist. This year, we thought it was five, but it's going to amplify because there's neon gas shortage out of Ukraine. Hey, @WibbleWobble - On Spotify, go to Settings > Show Advanced Settings > Offline Songs Storage and you should be able to check the location where your songs get downloaded.. How much labor do I need, right? Select your device to find out how. One day he was good. With an economy that's much smaller than what we see coming out of France. It's about choosing the right word.GEORGIE FROST: Today, I'm talking to Ashley Grice, CEO and a Managing Director of BrightHouse Consulting, a BCG company.ASHLEY GRICE: He boldly states it to the room, A thought refined. Some of it's helping a few clients specifically because I have to stay on top of what it takes to do this; and the real problemit's easy to talk theoretical, it's hard to be on the ground, actually making it happen. All the music you downloaded is gone, gone, gone because you never really downloaded it. And back to the U.S. or wherever that this is all just temporary, that self-driving trucks would solve the driver shortage, will they?DUSTIN BURKE: Yeah, it's a good question. BAE: KYUJIN! But you have to apply imagination, otherwise it's just data.GEORGIE: Do we have a case where an anomaly is just an anomaly?MARTIN: Yes, absolutely.GEORGIE: Like my psychology experiment that should just be chucked out.MARTIN: Well, an anomaly, we often throw away the anomalies in a chart, don't we? I have an employer that doesn't provide me with health security in the US market where we're dependent upon that from our employer. Folder that I created for the new location was empty. And I also think that language can help push this empathy-driven culture of trust that as we continue to be digitized and working remotely, and we continue to be globalized, that's an important piece of creating value in business.GEORGIE FROST: Now Ashley, you are, I think it's fair to say, a bit of a word snob. Joining Dexter is Charlotte Degot, global leader of CO2 AI Solution by BCG.DEXTER: At CDP, we've been gathering data from companies for the past two decades, and we now have over 14,000 large corporations disclosing data to us every year. The second is really the experience or the expertise because addressing those markets is quite different from the general markets like between the laboratory, where the product is conceived and the patient who will actually use the product, there are many, many steps needed that manufacturers, regulators, CMOs, distributors, etc., will have to work on to ensure the supply. So I think it's important to figure out what is right for your local community and for your employees.For me, personally as a queer person, I find queer makes my life a heck of a lot easier because it is super inclusive of gender identities, of people's different sexualities. We have a pandemic. Are they also supporting those employees from a broader social context?GEORGIE: What they're doing for their employees, you talked about policies. We'd love to know your thoughts. It's college, you walk into the computer lab after you ran into a cute boy on the way, and you want to talk to someone about it and there's no other women in the lab to talk to about it. And in the corporate world, I can give you other examples, but I frame it as a signal advantage, a decisive move advantage, and a resilience advantage. But I think the reckoning of last year, which drew in people outside the Black community. And at that point, you can then move on and say, to your earlier question around how do you get the private sector involved, in some of those things where carbon offsets are available, for example, the mangrove restoration idea, you'll have private sector or financial institutions being really up for investing in that. I mean, you know, I always debate with a couple of friends who are deep in this space that they think we'll all wear glasses and will be wearing functional, very functional utilitarian clothes. A while ago, we did this piece of work where we were trying to understand why there were so many financial services products aimed at the small-business holder. You have to make sure that the transition moves at the right pace.GEORGIE: Is there a sense with some countries like South Africa that they're sort of almost being talked down to by the rest of the world as to how this should look?KESH: It's a really interesting question, and I think maybe I would rephrase it a bit. The big problem is some of these are super deep inside of our psyche. Having said that, you know, there's lots of companies working on 3D wardrobes. Now some people choose to fully compartmentalize. But incipient trends, nascent trends, anomalies that could become a trend, are quite important. So you need to bear that in mind. And it's not something that I'm willing to do. Your post-debut self depends on how much you practiced pre-debut!, JIWOO: Before debuting, I thought being an idol would be difficult because of the lack of sleep and busy schedule, but I have been adapting well post-debut because there are so many enjoyable things as there are difficult things. But it's important to get to a more accurate figure because otherwise there is no way you can really identify the right actions to put in place. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. There is uncertainty and therefore we carry extra.We need to think differently about how to address that uncertainty. It's better to acknowledge the two-sidedness of the evidence, which is not at all clear cut and we're not today in a recession.GEORGIE: Philipp, thank you so much and thank you for listening. You just found the stuff, and you bought it. With the distributed ownership and thriving economies.GEORGIE: So how do you explain to a coal miner that their job may be lost, that they will be moving to a sector that may not pay as much and they may have to move the other side of the country, or to businesses that have to relocate and have the same issues or shut down?KESH: Yeah, so I think you've hit the crux of the matter here, Georgie. Its app also shows up on any number of smart TV interfaces. As people have been on online more and gaming in general has continued to accelerate. When companies are shown very clearly by the media, very publicly to be doing the wrong thing, people are still buying it. And I think there's a lot to learn from actually the tech cluster.GEORGIE FROST: You make a lot of claims in the book about how your company, if you do make this a priority, you lead the way, competitive, innovative. By preparing for all of those things, they felt themselves better able to price this new business, this new product line.GEORGIE FROST: All right, I have one that you've probably not come up against. So there's an additional ask and tax and burden on those that we have to really make sure that they are able to have the impact on all those following them.GEORGIE: How do you solve that problem in a business context?NAN: Well, ultimately, I think you solve that problem or at least chip away at that problem by nurturing and enforcing and incubating just inclusivity as a general cultural trait, as a general value that all leaders demonstrate. When you ask CFOs around the country what is your outlook on the economy, you get record lows, it's an abysmal mood. Energy prices, there's little they can do. Unless the whole world is healthy, we all remain at risk, explains. And I think what COVID has done is created a world in which you can't rely. It is *almost* like renting a video from blockbuster or even easier to compare these days: Netflix (though their available media rotates, Spotifys, generally speaking, does not). Yes, over the sort of 10, 20, 30 years time, everything you say about job creation, investment, all those sorts of things could materialize, but are we not going to have to go through a bit of period of hardship to get there?JENS BURCHARDT: Why? Okay, so how do you get trust? If you can tolerate ads between songs and ads interrupting your app experience, then Spotify can be yours for free. So if there is a company which can create a local embassy of inclusion, you know, where at least within the four walls of the company, it actually becomes a huge unlock because you're tapping into talent.GEORGIE: Today, I'm talking to Kushal Khandhar, Global Pride@BCG Manager and responsible for shaping the company's global LGBTQ diversity, equity, and inclusion strategy.KUSHAL: The way I look at it, values are part of the DNA of the company. I talked about to what extent will that put those people below the poverty line, and you can put a cost on that. They didn't have to go stop and go because everything was just moving along quite nicely with low inflation.You could have long expansions, less volatility in terms of cyclical growth. Tell me more about that.LEILA: Let me start with the befriending part that you mentioned. And so that's a much larger scale version of the same thing.So even if you have really limited data, you can say I'm beginning to get a sense of what might be going on here and how might I help people change?GEORGIE FROST: Hearing you talk, Julia, reminds me of the incredibly fortunate time that I found myself during a conference at the lunch table of the extraordinarily interesting Professor David Halpern, the Chief Executive of the behavioral insights team of the UK government and a special advisor at the Department for Work and Pensions and they were outlining exactly what you're talking about there, just what a big problem long-term unemployment is and how desperate the government is to fix it, which makes me think, especially talking about David Halpern there, about the role that behavioral science plays in governments, in societies, in public bodies. And that's our issue.And actually, if you start talking to governments in the developed world, and we've done that with a number, both in the Pacific area as well as in Europe, and whatever, they will say, our populations actually believe that we have got a plan to achieve race to zero, as you call it, to reduce carbon emissions by 2030, 2050, whatever, that we have that plan. And then, there's also natural assets. And one of the things also, it was interesting when you started to see the results of COVID show up in travel, you saw very different outcomes starting to emerge across the world. But another thing that's going on, because most new ideas fail, is that you're actually triggering new surprises. And I live largely in the New England area. I personally love this app but the only part I very much do not like about it is that it will not let you skip songs and now for some reason it will not let me start the song over again this is a very nice app but I would like if it improved it says I have to get premium and I am broke right now LOL and I never really see myself getting premium but I think thats something that they really have to change about this app its very much annoying and some songs will have very bad words and then I wont be able to skip them because I will have my younger brother near me and I will see songs on my Play list and I will try to reading it but it wont let me and I very much do not like that too and I do not mind all the ads but they are very long and people get annoyed by them and I have nothing to do about it so that something annoying with it too thats not a big issue but its an issue that I very much dont like about this app but still I definitely would prefer everybody to get this app which is probably needs to be updated but in conclusion I think this is a very nice app but I would definitely keep it has tons of music on here and thats something that is awesome about it too and you can create playlist and more P.S thanks for reading this. Hopefully it'd be a little lower, but the drivers are so exhaustive and so all-encompassing, you'd still have inflation today even if they had hiked sooner and less aggressively.GEORGIE: What I want to ask as we're talking about the risks of higher rates for longer, but are higher rates always bad? Now, there's a grain of truth in that, but it's not a very good strategy to wait for special people and special moments to come along. They have better access to international markets. The tools and the infrastructure that we would let it happen have been growing. To get in contact, leave us a message at [email protected]. They will be more profitable ten years from now than they are today.GEORGIE FROST: Jens, finally before I let you go, you've spoken in this podcast with a smile on your face, wonderfully optimistic. Obviously, it starts with the CEO getting on board with the idea. Companies who are perhaps perceived of as being the least digital-- energy companies, utility companies, the public sector, all of these entities are saying, we have to do this. It's really difficult to be at a low-income status. I have to say, this is a first for The So What from BCG, having a published poet on. What do they do with the extra money? JIWOO: It's amazing how many NSWER there are supporting and cheering on NMIXX, it makes me so happy. And now their wealth position is totally different, if you think of it that way.I don't want to totally put that aside. It happens at a very, very particular point in a typical career life stage. Subscribe to Spotify Premium to download and listen offline wherever you are.WHY SPOTIFY FOR MUSIC AND PODCASTS? Discover new music, albums, playlists and original podcasts. Search for your favorite song or artist by typing a lyric Enjoy amazing sound quality on music and podcasts across all devices. 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Bookmark individual podcasts into Playlists Listen to music and podcasts on your mobile, tablet, desktop, PlayStation, Chromecast, TV or wearable device.Listen to popular and exclusive podcasts like; The Joe Rogan Experience Modern Wisdom 2 Bears, 1 Cave with Tom Segura and Bert Kreischer Call Her Daddy and Crime JunkieSearch, discover and play music and podcasts from all over the world for free, anywhere, anytime or create your own music playlists with the latest songs to suit your mood.Listen and discover the latest music from artists like; Bad Bunny Billie Eilish Renzo Pianciola The Temper Trap Harry StylesListen to your favorite music artists all day every day via the Popular Radio playlist feature. Are you present as a leader with the communities?I actually find itI'm planning a Pride conference right now. BAE: I usually wear a baggy sweatshirt or hoodie with training pants! 2/3 of executives told us that they were making their future of work plans with little or no input from employees. Supply chain and procurement are too important to be relegated to corporate Siberia, explains Daniel Weise, author of the new book Profit from the Source and leader of BCG's global procurement business. He doesn't want an authentic daughter, he wants an obsequious one. Part of that too is creating a cultural connection that is just simply human. I think it's cognition as a human right, is starting to actually come to play. If you're the CEO, you need to personally contact the CEOs of your most important suppliers. First of all, we'd all be flying around on Conchordes at supersonic speeds and that disappeared. We've seen that in places when we've had say natural disasters in specific areas, any given point in time. So our founder actually, Bruce Henderson, said that every company is likely to become a prisoner of the assumptions that underpin its previously successful business model. When you first hear tough messages, I think we all have a tendency to maybe put up antibodies at the beginning to, to resist a bit, but--GEORGIE: Did you?RICH: [laughs] Yeah, for a bit, you know, I'll send a video to the entire partnership of how we are not doing enough, whatever. And it declines on average by three percentage points for every doubling of the size of the company, or every doubling of the age of a company. Because when you think that your investment is worth less in the future because of inflation, you demand a higher interest rate as an investor. Shipping needs to move to green fields. It helps other people find us too. As it was mine.Language has always been a really important part I think of my identity. They measure energization by change and new possibility in their recruiting, and they try to fill the company with those people, because those are the sort of people that the company needs right now.Another interesting thing that you can do is, because oftenwe all have the capacity for imagination, the other side of this, are we utilizing that in the workplace? If we were to do that in low resource settings, where we don't have the same ratio of health care professionals having 15 years of training in infectology for each individual, then the wait lines would be so long that you would never get the treatment.So the thing that I mentioned before when I said like over 15 years, we've managed to put so many people on treatment on HIV, it was a combination of three things. Companies have to measure and manage vast amounts of information, and so they use averages and aggregates. If you like this podcast, why not hit subscribe and leave a rating wherever you found us. And the city is now paying for that land from that family. So it's preparing for growth, ready to capture growth, and it's preparing for resilience and for the risks that are coming.And by the way, in that process of getting growth and getting resilience, capital markets are shifting, and there's a large amount of capital that is looking for sustainability targets. It is what's your education level? Did you graduate from high school? I mean 10% seems very low, but I'm wondering if there's an ideal number of internal hires you would like to have. As a financial journalist, I warn a lot of companies, financial companies about working with real-life influencers. I think there's opportunity. It's how we evaluate performance. If you had asked me 40, 50 years ago, well, if you'd asked somebody 40, 50 years ago, 'cause I wouldn't have said much useful. These aims, these goals, net zero, by current business models, and capitalist thinking, so far, should you put it that way, free-market thinking. And then if you're successful at imagination, you're likely to get complacent, so that could be the beginning of your demise. Monitoring those is quite powerful in getting a sense of whether inflation expectations have become unmoored or whether they're still anchored. Then number two, really important for governments, this is top of the agenda, which is what will it do to our population? If you do not have the right forum, you do not have the right stakeholders, you don't have trust.And as soon as that trust is not there, then there's not really a common understanding or not a conversation that's going on. So for me, the coming years are about driving adoption on this to really enable proper action and acceleration of decarbonization.And then if I look forward more to the next ten years et cetera, we could speak about, I think, for 30 minutes about potential ideas of what we can do. [laughing] But no, we live in the real world and we live in a world where people are quite easily offended by certain things. There is data to show that companies which are LGBTQ inclusive have better indicators of economic performance, be it share price performance, bottom-line performance. What are you aspiring to, what do you want to develop, what roles would you like to learn more about? Apportioning blame and pointing fingers is a tricky conversation. And by the way, this is not just about the person in the grocery store picking up products, right? So is it because the diagnostic test was not available? Just a side note. And I think education is certainly one of those. Do you operate the capacity? So they felt accomplishment. I don't know about you, it sort of reminds me of service station toilets and how clean they are, but anyway, somewhat crude and maybe a little gimmicky. Right, the people around you are already doing this compliant behavior. So I think it is rising up the agenda of global leaders, and then, as we mentioned, I think, how we can bring private sector into that is going to be absolutely critical.GEORGIE: Is it too late?CHARMIAN: Look, I think anything we do now will make things better, and that's true both on mitigation, and on adaptation and resilience. But things like COVID and things that happen are putting a setback to these things. Ideally, you would actually say that you would like to diversify the inflows of talents and migrants that you have so that you really truly maximize the cognitive variety embodied in those people.GEORGIE FROST: I can imagine that it's fairly easy, not necessarily neighboring countries. The biggest thing that a society could do that would advance sort of the equivalence of women in leadership to men would be if all men took paternity leave. And so, what's the value of meetings? You've laid out what you need to do, to become a digital incumbent but technology's changing all the time. If you're a health business, health inequity issues; if you're a food company, food security issues.Yes, it is a harder job. We're not going to get it right the first, second, third, fourth time. So you see it's a change in the protocol, it's a change in the price and the full manufacturing setup, and it's a change in the product itself. That's not really what I'm talking about when I talk about emotions.When I talk about emotions, what I mean is that we are all prompted to make decisions every day based upon a set of things that are going on inside our brain that transcend the functional. And naturally enough both Spotify and Tidal support Google Chromecast and Apple AirPlay. But instead of trolley, you think about the driverless car. They actually set the tone and the narrative of how employees, as well as customers and vendors and all external stakeholders, engage with the company. Men and women both. And within reason, you could leverage that as a means to plan, what do the coming year or two or three probably look like. It is very hard to know how ethically produced something is. You have access while you are paying, but the movie you rent does not belong to you, it is part of a library. So I do think just as organizations have responsibilities, we have responsibilities too. That is so not the case. You need to work on culture. And we know that statistically, right? They really do. Many companies who are at the high-performing end of the incumbents have been on this journey for five or ten years and it does require real tenacity and persistence, from the executive and the board, to build these capabilities. I mean, look, I don't feel like we're smashing it. What does it take to actually say there's a 50% chance of rain. That cannot last forever. When you're at BCG, you have very smart, passionate people around you. As the CEO of BCG BrightHouse, Grice helps organizations find their purpose. It's an exclusive, and I was joking about the fact that consulting bingo exists. Imagine being a supplier to four different companies downstream of you and each one of them sets different standards of how they want to measure, of what data you need to submit, of all those things. So 11.4 times the average company's emissions are actually beneath the surface in the supply chain.GEORGIE: Charlotte, how were companies measuring it before? A few, a small percentage will, but not enough. And if we're all influenced to believe certain things, perhaps because the headlines are screaming at us that we're back in the 1970s, maybe that will trigger that kind of collective belief that we're on the path.GEORGIE: So journalists like us should stop the panic. Deborah Lovich, who leads BCGs people strategy topic, and Brian Elliott, executive leader and senior vice president of Future Forum, explore. Shop Now . Maybe we built this cognitive bias when we were hunting wooly mammoths, and we don't need it anymore, but these systems and these companies have learned ways to do what's called dark patterns, which are basically design patterns that trap you in these cognitive capacity, draining situations.GEORGIE FROST: In that regard, then it's the answer to have solutions. The fourth stage is what we call the epidemic, which is the spread of the idea. After the last update the offline options no longer show in the advanced section. That's where the real challenge comes in. But the claim I'm making is that if you are a driver who has decent medium range vision and the ability to react well, then actually the brakes enable you to go much faster. A famous scientist once said, "One of the problems with women in the lab is you fall in love with them, they fall in love with you, or they cry." It just didn't occur to me. So those would be the ones I would say are kind of very critical. And when they're contradictory like that, there is little sense in erring on the side of doom and gloom. When you talk about the way you think about education inside classrooms and campuses and outside, do you see there's a time when there is no space for classroom, it's all going to be done remotely outside?LEILA: I think education will happen soon everywhere. I'm glad people do it.I wouldn't tell anyone not to do it, but they should be asking themselves, is it matching what they're actually doing for their employees and what they're actually doing when they are influencing their external world? Leila, thank you so much. In times when supply chains are unstable, in times when we have shortages, we need to have an emphasis on resilient supply chains and availability of products. I don't have an answer, but I do ask that question sometimes. A really simple example perhaps would be, I don't know, a beer company that makes hand sanitizer. Thinking through function by function by function based on the nature of the work not how the work needs to get done, but actually taking a fresh look at the work and say, "What really needs to be done together versus apart?" Like when in that, somewhere in that 90 days did someone say like, I've had enough, I'm going to start looking for another job? Like, do I have a pre-planned approach that I say, okay well, whenever the forecaster says, the odds are more than 70%, I bring my umbrella. Right, like, how quickly does the nudge decay? And managers are being held accountable to doing that with their employees. 34. I imagine in some instances it's a lot higher than that. Short- and long-term, what would it look like?PHILIPP: The benefits of an anchored inflation regime are truly enormous. LILY: When people around me say that they have a friend who's a fan of me or NMIXX. And if you put currency behind that, incentivize the procurement team to not only deliver on the cost basis, but also on a CO2 basis, on the innovation basis, that is, I think, the best advice we can give because if you put emphasis on it, people typically start to act.GEORGIE FROST: And if you do that, spell out the benefits for me.DANIEL WEISE: I think it's probably what every CEO dreams of because you will actually increase your sales and profitability because you have those products, A, available in those times and, B, hopefully a lot more innovative than those originating from their competition.And lastly, you will actually have cost savings available to refuel your innovation pipelines once again and invest the money. It's not that it doesn't exist, it's just that it's often scattered around the place.But you know, what is going to be the impact on a particular city, for example, of sea level rise, or of heat intensity, or storms, or whatever it might be. But that's why this blending of physical space together to build a relationships plus digital tools to stitch it together, it requires that we rethink and not just assume that the right answer is just put them back in an office.DEBBIE LOVICH: Yeah, there's a bucket around what does work look like? Or will it be so good, the technology, that it will learn not to be biased?NEVEEN: Well, you hope it will learn not to be biased for sure. Absolutely. We have the metaverse. So raising awareness that we need to solve the inequities in general, in our society. You were exposed to something at some point in your life that said, "Huh, that looks like an interesting job. I had never had to figure out how to balance work and kids. It's a long journey. Organizations are really struggling to gather this information. Then the other thing you need to think of is how is that person going to use the product? Providing one other person wants to join their team, they get first-round funding automatically. So this is not the most homophobic part of the States. To get in contact, leave us a message at [email protected]. You know, we've done work to try and understand what this picture looks like up until 2050. SULLYOON: I really enjoyed watching Sky Castle! NMIXX - COOL (Your rainbow) | SPECIAL VIDEO, NMIXX on Adjusting to Fame After Their Debut, Everything About Jennifer Lopez's New Album. Give us the key to cracking the uncertainty advantage.ALAN INY: Step one, acknowledging that uncertainty and risks are two-sided coins. The idea of what you're talking about now suits me down to the ground. As you said, I mean, just one aspect, to leave a legacy, to leave a very positive lasting legacy on a company and on the world.RICH: First, I think the role of the CEO has gotten meaningfully harder. And we can't contort ourselves around work anymore. The new trailer shows exactly why the pixel game is rated mature. I think currently it certainly looks very credible that you move to a world of upside risks. Maybe there's the opportunity for spectators to purchase items, either virtual. You said it needs to innovate, it needs to change, and it is strange that it's one of those areas in which it really hasn't, and yet it is so fundamentally important to communities, to society, to the world.LEILA: So if we want to ensure that we continue to fulfill our potential as humans in this unprecedented change era, and that we continue to pursue purposeful life, education and learning will have to change in a number of ways. And it turns out that there are six things that a company needs to do, that will flip those odds from 30% success rate to over 80% success rate. And that is really gumming up the works.And so, sure it makes sense to try to fund port infrastructure but that's not primarily where our bottleneck is here at least right now in north America. And, as I'm hearing, access to these talents has greatly helped them actually deliver on their pretty ambitious digital transformation roadmap.GEORGIE FROST: We have great technology. If you do not move the socioeconomic needle, then the world faces massive challenges: migration of labor, inability to deploy the infrastructure that's required to actually get to net zero on time and to the right quality because, ultimately, at the center of all of this big infrastructure development that's going to come is really people, and so if you look at the objective of decarbonizing, you cannot de-link it from the social aspect of it.And I don't think it's been given enough attention in the past, but I think in recent times, the world has stood up and listened, and I think what we've seen at COP26, for example, the creation of a just energy transition fund for South Africa to really try and help deal with these very difficult socioeconomic challenges, kind of speaks to the fact that there is hope that we are going to make this, to a certain extent just and really do this in a responsible manner as well.GEORGIE: A just transition, therefore, is an essential part of getting to net zero as well as a moral imperative.KESH: Yes, I would definitely agree to that. I was reading about a company that asked their employees at the end of the working day in the lobby to press a button, smiley face if they're feeling happy, frowny face if they feel sad. This is also a privilege. And I think that was the top-level message that I got.That again brings me to the conversation on how is a company inculcating and spreading values that it affiliates with because that can actually empower or disempower a person to be able to speak up about issues like these. That's work. For those that know me and listen to me a lot, you can tell I've worked for a British company because I will use words like chuffed or brilliant or one of my favorite blagging, I love that word. This is a Public Service Announcement.GEORGIE FROST: Julia Dhar, I have to ask you. You know, there's often things that are open to questioning on whether we should do X, whether we should do Y. I think values are nonnegotiable and that becomes the guiding light for how we operate and conduct ourselves on a day-to-day basis, as well as at moments of very critical strategic decision making.GEORGIE: It's one thing to have them written down and to pay lip service to values, but how can you ensure as a company that they are ingrained in everything that you do, that they filter down throughout your company culture?KUSHAL: Let me sort of answer that with an example, right? By the way, if I knew it looked like I, I probably would not be sitting here chatting with you or maybe I would. Some experts call it invisible because it will be part of life everywhere, whether in the metaverse, in the classroom, in a campus, outside, as part of a structured piece, a degree of qualification, or very unstructured, education will be ubiquitous. They are not only negatives. California voters have now received their mail ballots, and the November 8 general election has entered its final stage. The talent play basically means, do you have fully digital recruiting and onboarding processes? And we've kind of tried that and it's not working.GEORGIE FROST: It seems it's quite a large problem which is going to require quite a lot of deep thinking about it across a lot of different areas. like TB, HIV co-infection, for instance. It's going to be big things that need to be changed.GEORGIE: I always have to caveat this, but I do think this all sounds absolutely in the direction that we should be going. That confrontation, that conflict, hinges on a principle called cognitive overload, cognitive overwhelm.And it's the idea that there are many choices that it is difficult to be a human being out in the world making the thousands of decisions that are required of us every day and that there is a role, what behavioral economists call choice architecture, and choice architecture is helping you make that decision in alignment with your own values, your own preferences, your own needs. I don't know.GEORGIE FROST: Yeah, I like the idea of functional in a way then you don't have to make decisions.SARAH WILLERSDORF: Yeah.GEORGIE FROST: I want a final one though Sarah, of all the sort of ties up the virtual slash reality mixes that we are getting at the moment, what do you see is one of the most exciting, or what can you extrapolate from those as to what the future will look like?SARAH WILLERSDORF: I mean, I do think the most exciting ones are some of these consortiums. But what if there was a way that you could prepare for it, harness it and use it to your advantage. So I don't necessarily have to have a female role model. How about onto an SD card? But the real question is how do we get there? You need the right mix of government, business, labor, community leaders, all to be on the same page here in order to affect trust. And I'm only talking about a distance from say, Houston to Chicago, it's not that far.And so, location is not everything. It's bad for us personally, and it's bad for business. It wasn't about asking them about financial services.We actually asked the shop owners, men and women in Indonesia, in India, in Nigeria, in Mexico, etc., what's money for? Whether that meant repositioning aircraft, repositioning ships, etc. You know, like that's it, like you have the job and I pay you the money. We'd love to know your thoughts. And that certainly is a big part of the total wealth gap. Use for My Talent is an urban inspirational romantic drama directed by Cai Cong, starring Shen Yue, Jasper Liu, Dai Yunfan, and co-starring Yan An, Su Mengdi, Lin Borui, Huang Sirui, Tan Quan, Xiao Ran, Qi Shenghan, and Zhu Xinzong. We have biases, we have so many biases that prevent us from thinking expansively about the future. The inflation regime cracked and crumbled in the late 1960s before the oil shocks occurred. A Blend of Spices - 14.95, Spice Kitchen . That's what Brian and I are trying to do, right? And if you like this podcast, why not hit Subscribe and leave a rating wherever you found us. It's a disaster. I do think you're seeing things that are really interesting where wealth is being given back to families. The evidence so far, I would suggest, suggests not.JENS BURCHARDT: I mean, that would mean that non-capitalistic systems are any better at solving this problem than the capitalist system is, and that I would, yeah-GEORGIE FROST: Or a system we've not tried yet, Jens, of course, as Churchill would say.JENS BURCHARDT: Maybe. We need to be on a pathway ideally to 1.5 degrees, if not that, as close as we can get. Because in the long sweep of history, we really do believe that companies have changed the world as much as any poet or visionary. If you think of Africa. And its artist-centric position has been championed by the likes of hey! I think governments are realizing that they need to do it. And I think that is a change we are now seeing in certain industries, but it's truly not the case everywhere.GEORGIE FROST: So if you were to give companies then a blueprint to leave us with as to how you would do this best, what are the key takeaways?DANIEL WEISE: I think I don't know any company who does it perfect, not even the tech cluster. We like to move, we like to meet people, I think, because as a civilization, right? It requires action because it is not our norm. What is the benefit of having a universal framework? People get hired fully remotely, then they start working from their origin countries just for a couple of weeks.Frankly, sometimes it's just necessary due to visa delays or just some operational challenges. And if we're going to achieve the 1.5 degree pathway, then there's no time to be lost there, and efforts, both private sector, public sector, public, all of us, we need to be really doing what's needed there. To get in contact, leave us a message at [email protected]. And I think there's obviously a commercial element for sure. These were not things that happened by happenstance. So maybe groups that are different because of ethnicity or gender or geographies or things like that. So you can put a number on that, if you want to put a number on that. Okay we can't spend our entire day planning for the wildly improbable, but we can at least spend some time thinking about it and thus improve the odds.GEORGIE FROST: Give me an example where this has really worked well.ALAN INY: Let's take an example from personal life, okay, just to start with it. That smart speaker wants to sell you something. Anything you havent downloaded is grayed out and unavailable. We need, you know, six to seven gigawatts a year every year for the next 30 years to be built. Lenovo ThinkPad X1 Carbon just crashed by $2,000 in Black Friday deal, $14.99 p/m (six accounts, HiFi); $29.99 (six accounts, HiFi Plus), The best tech tutorials and in-depth reviews, Try a single issue or save on a subscription, Issues delivered straight to your door or device. So, that's more of a struggle.GEORGIE FROST: Tell me about someone called Miquela.SARAH WILLERSDORF: Yeah, this is interesting because I think, you know, I don't 10 or 20 years ago I could imagine that we would all have personal computers or phones and I could get that. It's a necessity. And I think what we're talking about right now is the connection of that community work to that team and culture and the path into those roles over time.And then the third piece that we think about is, from a business perspective, what are the products and services that you're putting out there? So if you realize that for instance, the issue is that people don't get access to the diagnostic. Aren't businesses just playing a role, which is very difficult to change when society has those norms and expectations?NAN: Well, I think, obviously, there's a big societal question here, and societally, we need to change and make progress. You go back into your organization and you understand fundamentally who you are, what is in the company DNA, because that will always be at the core of the work you do really well, of the way that you can create impact. When isn't it valuable to be at that table to have that conversation?KUSHAL: Yeah, absolutely. Amid rising prices and economic uncertaintyas well as deep partisan divisions over social and political issuesCalifornians are processing a great deal of information to help them choose state constitutional officers and HAEWON: BAE! We have to normalize and standardize a culture of talking about safety all the time so that people, it's not surprising to people, people get used to it and it becomes habitual.So I'm moving you from kind of constantly thinking, do I want a bag, am I going to ask for a bag, is the cashier judging me for asking for a bag, are people in the line behind me judging a bag And move you to whatever the new habit might be. And what did that do? And it it's something that is becoming a more and more hot topic these days. There's no difference in terms of what people want out of their career. And even when you think about space, so, a lot of wisdom is we're going to need space for collaboration and social, but we also have to remember not everyone has a home they could work from. In this idealsilo-less, everyone connectedhow would it look?SHALINI: I think you would still have, absolutely have competition and the innovation that competition spurs and the advancements that competition spurs. In this situation today, lots of companies need workers, not just so-called highly skilled workers that can do IT jobs, but also many other workers that can help them execute their operational and growth plans. I was just sitting there wondering three weeks in. And so, one of the things that we could think about doing is to remove that capacity constraint or ease it at least with some autonomous vehicles.That will not happen I think in most jurisdictions for at least a decade for the type of trucking that you and I think about. BAE: I want to try going on stage wearing a cute training suit. [MUSIC PLAYINGGEORGIE: And thank you too for listening. To help students understand that everything you see and do and touch is someone's business. As is my role. And that data is available, and you can play with that data, and you can look at bad scenarios, less bad scenarios, different timeframes, et cetera. What happens to companies that don't put people at the center?SHALINI: Yeah, I think what you end up with in that situation is potentially great technical answers that really struggle getting adopted, with having the energy and the momentum of the organization to make it successful.So we have seen many examples of products, solutions, services, business transitions, etc., where companies have had great ideas and great products, but they never take off. BCGs global chair, Rich Lesser, chairman and former CEO explains what it means for CEOs and business leaders. And if you have an overlap of those capabilities, and then you recognize the other structural advantages of incumbents, often being scale, customer knowledge, regulatory knowledge, distribution channels, all of these things, really give them an edge over the digital natives. I mean, we all understand basic professional norms. But when you see an interesting anomaly, you can do a couple of things. Because we're seeing it in the news every day. I was certainly confused when I first started using Spotify, as well, but now I pay for the Duo subscription so my husband and I have access to whatever songs pop into our heads on a whim and we spend most of our days with Spotify on, playing podcasts. So all of these sorts of things, it's impossible to predict, but it is possible to prepare. However, we need to have a focus on CO2, human rights, on the sustainability agenda. What are the benefits packages in terms of health care, health care savings plans, which allow you to, do some of that tax-free? It's a blip in many different places at the same time and it will subside but it will take time andI think what we should experience, at least in terms of the availability of goods, the things we want to buy, having them on the shelves, having our parcels arrive on time, is a change over the coming months and and here's why, factories in China, for example, typically shut down over Chinese new year. That is exactly the conversation that needs to be had in companies, and I think it's a very, very valid point. That will make a much more fluid talent model. And for me, it's a sad day when in real life, I'm just purely dressed in functional clothes, very utilitarian. And so, we've got to be intentional and think about what interactions for what work. And this feeds back into that argument about sustainability. I think that's one lens to take on this, but I think also between sort of developed countries and emerging markets. It's truly the top line.GEORGIE FROST: Daniel, if you and I are to meet up in five years' time and do this podcast again, let's hope we do, what sort of things do you think you'll be telling me? And there's lots of reasons for them, but I strongly believe one of those is not really thinking through the people aspect internally, or your consumers and your customers, etc. And so, you need to create a portfolio of initiatives that are digital, that reinforce the strategy. I think we've heard it a lot about like geography in the past, but now, it's becoming really obvious because we have data to demonstrate it about some minorities or ethnic groups that have more limited access to some products or receive different services and health services than others.There's a conversation also about gender and how women don't have the same access to health products than men. And those are all the things that drive shareholder value creation. There was no scarcity in supply, and it was always getting cheaper as well. But I'm not trying to diminish the impact of being the lonely only or always the minority. I'm Georgie Frost, and this is, "The So What," the podcast from BCG.JENS BURCHARDT: I have yet to find a company who learns that a net-zero version of their product just comes at a 1 to 2% higher price, and who does not see that as an opportunity.GEORGIE FROST: Today, we are discussing why the move to net zero, doesn't have to cost the earth with Jens Burchardt, Boston Consulting Group's global expert on climate impact and co-founder of the firm's Center for Climate and Sustainability.JENS BURCHARDT: The target is always two and a half, three decades away, this net zero. And I don't just mean Zoom. But actually, if you think about it, companies don't shy away from trying to harness other complex aspects of human affairs, like consumer psychology, or team motivation, or team composition. That's just like actually dedicated to me and helping me deal with it.So my PhD intern, Netta, has ADHD and she also has dyslexia. They have these hero entrepreneurs that they say are the most important people in the company, and they have a festival where they celebrate new businesses, and anyone can start a new business. There was a 15-years gap between the moment where we had ART in high-income countries and the moment where the products were brought in low- middle-income countries and started bending the curve: 15 years. All that's great, but the simple thing that they do is they deliver loo rolls to your door on a subscription service that works for you. How does that impact how you engage with different people? We know that users love it, they don't want to fill out complicated applications and screening questions. And it actually made me, I would say, worse. We have genomics. In our work, we're big fans of using history and we often go to great lengths to understand precisely what happened in certain circumstances, but the risk of extrapolating from the past is very clear. And other examples in much more developed world situations are which sectors of the economy will be impacted, how many days will people not be able to go to work in a drought scenario?Particularly, you've got outside workers versus inside workers. "We are fundamentally driven by things that are going inside our brain that are very emotional in nature, and we need to start thinking about how we engage with employees with that same recognition. It's difficult to sort of actually put to words how that plays out in me today. The important thing is we've got to teach executives new muscles because that disconnect is pretty profound between leaders and their people.BRIAN ELLIOTT: There's this core issue of trust that we're seeing pretty consistently in transparency, which leads to trust. But I think, I think that is what it took. I mean, I think in recent years we've seen the rise of the specialist, and I think there's a role here for imaginative types, for generalists.GEORGIE: Such as what? Even after you get a grip on the current inflation problem, you'll still live in the next many years with more upside risk to inflation, as opposed to the downside risk that we had pre-COVID.I mean, it's easy to forget, but the last 20 years or so was about managing too-low inflation. It is not like making a one time purchase of a CD and owning it forever. It would be silly not to. Sometimes that's right. How do I open or play these files?? And so it can really, really drive meaningful emissions reductions activities on a product level, which can be super powerful.GEORGIE: Dexter, getting the data is one thing but how we choose to act on that data is another in terms of the more holistic global target of reducing greenhouse gas emissions. One very important thing that leaders can do, I think, is to celebrate different types of capabilities. Okay, I just changed the folder to my Music folder. So this is a very urgent and critical issue that needs to be addressed head on.GEORGIE: I know that people get kind of nervous when we talk about business involvement in schools and education, but do you see a positive role?LEILA: I think the role of businesses is critical in making sure that education evolves in the right direction. In his role, Kesh focuses on energy, climate, and sustainability.KESH: So when you talk about a just transition, I think you have to look at it within the context of the world moving to a lower-carbon economy, and I think as the world shifts its reliance on fossil fuels as an energy source, effectively you're reshuffling the economy.You're reshuffling the socioeconomic value pools, the techno-economic value pools -- what I mean by that, the actual energy pools that really make up the economy today to something fundamentally different. Honestly, that is a bias that impacts men in a very dramatic way as well. I'm doing this to capture the new pockets of growth. You belong here. So is it, I pick up my mobile phone and automatically it flashes at me and says this mobile phone, full stop, is a, we use traffic light signals over here for like salt content. And by that, I mean, do you think the system, the economic system, governmental system, is rigged against Black Americans, Hispanic Americans, maybe to a large degree women too?KEDRA: I don't think our economic system was set up to be inclusive of women, minorities, LGBTQ, to some extent, people with disabilities, it's just as simply the case that our economy was not set up to be inclusive.GEORGIE: What was it set up for? But if you want the free version, just know youll have limited control over what you play and when you play it. I'm Georgie Frost and this is "The So What" from BCG.DUSTIN BURKE: In the past, there was a high degree of trust put on suppliers to deliver. The CEOs of your most important suppliers I was joking about the fact that bingo... Chromecast and Apple AirPlay there 's no difference in terms of what people want out of their career would look. The whole world is healthy, we need, you know, like you fully. 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