WEBVTT 1 00:00:00.830 --> 00:00:03.620 Hi, I'm Christoph Schweizer, CEO of BCG. 2 00:00:04.000 --> 00:00:06.460 I'm excited to be here in Davos, Switzerland, 3 00:00:06.460 --> 00:00:10.940 alongside thousands of leaders for the 2023 World Economic Forum 4 00:00:10.940 --> 00:00:11.980 Annual Meeting. 5 00:00:12.340 --> 00:00:16.500 There are four themes which I think are top of mind for CEOs right now. 6 00:00:17.060 --> 00:00:21.940 First: resilience. As we face looming downturns and geopolitical 7 00:00:21.940 --> 00:00:26.700 challenges, organizations need to adopt a resilience mindset to 8 00:00:26.700 --> 00:00:30.900 reap the rewards of today, while also envisioning their business of tomorrow. 9 00:00:31.530 --> 00:00:34.220 Second: digital and artificial intelligence. 10 00:00:34.990 --> 00:00:37.100 In spite of enormous investments, 11 00:00:37.100 --> 00:00:41.540 most companies have yet to see the significant expected benefits from their 12 00:00:41.540 --> 00:00:43.500 digital and AI transformations. 13 00:00:44.020 --> 00:00:48.140 Companies that focus more of their effort on changing processes, 14 00:00:48.200 --> 00:00:50.220 organizations, skills, incentives, 15 00:00:50.220 --> 00:00:54.220 and ways of working than merely looking at the technology itself, 16 00:00:54.630 --> 00:00:58.660 do capture the most value. Third: sustainability. 17 00:00:58.940 --> 00:01:03.860 Embedding sustainability into the core of every business is necessary, 18 00:01:04.080 --> 00:01:07.060 but it is also a source of competitive advantage. 19 00:01:07.330 --> 00:01:11.420 Generating new revenue streams, lowering costs, attracting talent, 20 00:01:11.600 --> 00:01:16.140 and reducing regulatory risk. And lastly: talent. 21 00:01:16.610 --> 00:01:20.140 Focusing on people remains priority number one. 22 00:01:20.140 --> 00:01:22.940 It's top of mind for CEOs to manage talent, 23 00:01:23.150 --> 00:01:27.740 to close skill gaps, and to win the hearts and minds of their team.