WEBVTT b9411a37-5d15-4f33-8815-8ae371caaeb7-0 00:00:00.480 --> 00:00:03.960 Hello Judith, I'm here together with you in Davos. 7d12bc61-ddc3-42d0-8e6d-ee0031ba23ac-0 00:00:04.560 --> 00:00:08.640 You are leading BCG's global CEO Advisory team. 6510b235-28f3-41df-b38f-30860b38af8e-0 00:00:08.880 --> 00:00:10.280 Thanks a lot for making the time. 69ee70bf-944f-4722-a14f-c2c5ff84e1fd-0 00:00:10.480 --> 00:00:11.280 Thanks for having me. 326a3e71-2d4f-4b6d-868f-00f9456a5ca2-0 00:00:11.480 --> 00:00:14.472 Let me quickly ask you, what are your main takeaways from Davos 326a3e71-2d4f-4b6d-868f-00f9456a5ca2-1 00:00:14.472 --> 00:00:14.800 so far? 5e7e5120-c1e9-4d36-aac9-73dbb1677365-0 00:00:16.240 --> 00:00:20.186 Look, I think this year, for me, Davos feels a bit like the final dawn of 5e7e5120-c1e9-4d36-aac9-73dbb1677365-1 00:00:20.186 --> 00:00:20.720 a new era. 8712845f-2971-4f36-a982-4dd026a9bef5-0 00:00:20.800 --> 00:00:25.618 We've talked about geopolitics moving from cooperation to more competition, 8712845f-2971-4f36-a982-4dd026a9bef5-1 00:00:25.618 --> 00:00:30.120 world trade moving from integrated to more fragmented for a long time. 497c5a46-badb-4682-b9ae-ac02948793be-0 00:00:30.440 --> 00:00:33.904 I think this week's, where this coincides with the start of a 497c5a46-badb-4682-b9ae-ac02948793be-1 00:00:33.904 --> 00:00:37.480 new US administration, has brought this home to every CEO here. 97f3b701-7eb7-4aa1-9e84-4b0fad27efa5-0 00:00:37.480 --> 00:00:38.720 That's the new normal. 420b9338-9f68-4a1d-9ffe-2f8b805034d9-0 00:00:39.240 --> 00:00:42.674 I still found the discussions here optimistic and practical, 420b9338-9f68-4a1d-9ffe-2f8b805034d9-1 00:00:42.674 --> 00:00:46.840 very much focused on what does this now really mean for business leaders? 1def1728-17e3-422a-ad6b-ffecbd645e28-0 00:00:47.200 --> 00:00:48.240 How do we compete? 03316b51-10ea-4bb4-bd57-ac55c2d6afcf-0 00:00:48.800 --> 00:00:52.720 If trade is more in economic blocs, where do we really excel at? 4cebb270-7672-4092-912f-eec477fe3b99-0 00:00:53.280 --> 00:00:56.928 And for Europe specifically, how does that drive a really innovative 4cebb270-7672-4092-912f-eec477fe3b99-1 00:00:56.928 --> 00:00:57.880 industrial policy? e3aa939e-677b-4cc9-b891-6378f6cb3c7b-0 00:00:58.320 --> 00:01:02.680 But also practical questions on how do we extract value from AI? cc157eb7-a91b-47c5-96b4-c422e15f7150-0 00:01:02.680 --> 00:01:07.931 How do we build a really strong geopolitical muscle to prepare our our cc157eb7-a91b-47c5-96b4-c422e15f7150-1 00:01:07.931 --> 00:01:10.520 companies for increased volatility? 3847c4b9-d57e-4400-ab79-99ec7a1deb40-0 00:01:10.920 --> 00:01:14.279 Those were some of the really practical things I felt leaders were really 3847c4b9-d57e-4400-ab79-99ec7a1deb40-1 00:01:14.279 --> 00:01:14.960 grappling with. 238d6d01-d7c9-4541-8b34-7823c0634ddb-0 00:01:15.000 --> 00:01:17.040 A wonderful summary. beb60c50-52f1-4c73-8f1a-12ed267bfc4a-0 00:01:17.040 --> 00:01:18.400 It resonates very well with me. 24ab76c9-e46d-4973-8a4d-2c04b56429e6-0 00:01:18.640 --> 00:01:19.680 Judith, thanks so much. 740d03d4-e648-4a8a-bf81-a45b20d529f2-0 00:01:20.200 --> 00:01:25.888 Now taking a quick view on the CEO Advisory, what are the key elements that, 740d03d4-e648-4a8a-bf81-a45b20d529f2-1 00:01:25.888 --> 00:01:28.992 as part of those programs. - At the core, 740d03d4-e648-4a8a-bf81-a45b20d529f2-2 00:01:28.992 --> 00:01:32.760 we aim to do three things and offer those to CEOs. 0958dc2e-44ec-4b8a-9e16-64383dc6e64b-0 00:01:33.280 --> 00:01:35.320 One is individual programs. 0377340a-4dc4-4551-8138-19aa67e708a0-0 00:01:35.400 --> 00:01:40.615 We do those primarily for CEO candidates in a formal board process for new CEOs 0377340a-4dc4-4551-8138-19aa67e708a0-1 00:01:40.615 --> 00:01:45.896 who's at the start of a new tenure and really need to take time and want to take 0377340a-4dc4-4551-8138-19aa67e708a0-2 00:01:45.896 --> 00:01:50.200 time to reflect on what defines success for them very personally. 55463e99-08ac-43d5-832c-caa353e8263b-0 00:01:51.120 --> 00:01:53.914 And also for what we call next generation CEOs, 55463e99-08ac-43d5-832c-caa353e8263b-1 00:01:53.914 --> 00:01:58.398 leaders who are probably two to four years from their first CEO position and 55463e99-08ac-43d5-832c-caa353e8263b-2 00:01:58.398 --> 00:02:00.960 would really like to reflect what it takes. 2f2a88b8-a646-4ef3-b174-ff2f57e94c1c-0 00:02:01.240 --> 00:02:02.200 So that's the call. 72e69293-5cc3-4fc9-9fb3-65139b51851a-0 00:02:02.200 --> 00:02:07.876 We delivered a bit more than 200 of these programs last year and then we saw 72e69293-5cc3-4fc9-9fb3-65139b51851a-1 00:02:07.876 --> 00:02:11.635 another 450, 500 CEOs in what we call CEO learning 72e69293-5cc3-4fc9-9fb3-65139b51851a-2 00:02:11.635 --> 00:02:12.520 communities. 8dd2e1e8-ce86-4bbc-aec8-8cb93f59d809-0 00:02:12.680 --> 00:02:15.400 Those are both face to face and virtually. df59a9ac-4fc7-45d3-8aef-f543d04bea9d-0 00:02:15.800 --> 00:02:18.960 And it's really getting a like-minded group of twelve, df59a9ac-4fc7-45d3-8aef-f543d04bea9d-1 00:02:18.960 --> 00:02:22.120 fifteen CEOs together on an agenda of shared interest. 5efecbbf-3775-48bb-9ac5-8b966e01dcf0-0 00:02:22.120 --> 00:02:23.440 It's not a BCG show. c456e44a-5d6d-464f-b511-24b8d6826155-0 00:02:23.440 --> 00:02:25.160 It's really learning from each other. ba99303e-2232-4bb8-a3e5-15c1b46599d7-0 00:02:25.680 --> 00:02:29.555 And then certainly we invest in research of topics that are relevant for CEO ba99303e-2232-4bb8-a3e5-15c1b46599d7-1 00:02:29.555 --> 00:02:30.160 performance. aa41bc74-27a9-46ed-bb9a-52287aabbcbe-0 00:02:30.720 --> 00:02:34.877 Where do CEOs spend their time on, what's the role and profile of a great aa41bc74-27a9-46ed-bb9a-52287aabbcbe-1 00:02:34.877 --> 00:02:35.720 chief of staff? a6382272-655a-49f6-8d59-a44d9c4d9d5d-0 00:02:36.120 --> 00:02:37.440 So that's what we do, Yeah. fe5d49b6-dcdc-4afa-b237-a13f1b23ef3f-0 00:02:37.520 --> 00:02:40.000 And learning from each other from CEO to CEO, I guess. 721fb1f3-b322-446f-9c20-6b9ccf681465-0 00:02:40.320 --> 00:02:45.749 And if you have to pinpoint the one thing that CEOs are mostly appreciative of? 721fb1f3-b322-446f-9c20-6b9ccf681465-1 00:02:45.749 --> 00:02:50.636 - I believe it's really that idea of taking time to reflect out of very 721fb1f3-b322-446f-9c20-6b9ccf681465-2 00:02:50.636 --> 00:02:54.234 fragmented, crowded calendars where they always feel 721fb1f3-b322-446f-9c20-6b9ccf681465-3 00:02:54.234 --> 00:02:55.320 they're running. f9fd8088-27bb-438e-a11b-1c2d381d6fce-0 00:02:56.360 --> 00:02:59.870 I also think it's, it's this fact that it's about themselves f9fd8088-27bb-438e-a11b-1c2d381d6fce-1 00:02:59.870 --> 00:03:04.588 and really that reflection on what makes them successful, what gives them energy, f9fd8088-27bb-438e-a11b-1c2d381d6fce-2 00:03:04.588 --> 00:03:06.200 not only about the business. 9370cd8b-5973-4703-9fa6-073549e3f493-0 00:03:06.840 --> 00:03:10.275 And then lastly, it's the complete confidentiality, right, 9370cd8b-5973-4703-9fa6-073549e3f493-1 00:03:10.275 --> 00:03:15.050 a safe space that they can really reflect also on the hard things and not be on a 9370cd8b-5973-4703-9fa6-073549e3f493-2 00:03:15.050 --> 00:03:15.400 stage. 2ea80430-2c0e-4a61-93b8-92121353c2c8-0 00:03:16.720 --> 00:03:19.620 And do you see...now, most of what the work that we are doing 2ea80430-2c0e-4a61-93b8-92121353c2c8-1 00:03:19.620 --> 00:03:21.960 or that you are leading is in the private sector. 7f5ba4f6-6b3a-48d2-9d50-e38119e67fab-0 00:03:21.960 --> 00:03:25.120 Do you see also demand coming in from the public sector? c5f96ce7-df62-4f98-bb10-9c1bb493a949-0 00:03:26.080 --> 00:03:30.480 We've served CEOs in the public sector in very different shapes and forms. e9e977a5-77ae-4c68-be3e-ea8a9adaf733-0 00:03:30.480 --> 00:03:36.232 So CEOs of state-owned companies, CEOs of NGOs and other international e9e977a5-77ae-4c68-be3e-ea8a9adaf733-1 00:03:36.232 --> 00:03:42.390 organizations or partly also CEOs or directors of federal agencies or state e9e977a5-77ae-4c68-be3e-ea8a9adaf733-2 00:03:42.390 --> 00:03:43.120 agencies. 374a0b8b-e648-4960-81f0-7c463203a373-0 00:03:43.520 --> 00:03:47.120 And I think part of these, their challenges are obviously different. 79f86b16-5397-4e30-8aea-becd095a8abb-0 00:03:47.120 --> 00:03:51.559 They deal with a stakeholder environment that's usually a lot more sophisticated 79f86b16-5397-4e30-8aea-becd095a8abb-1 00:03:51.559 --> 00:03:54.519 and complex, but a lot of the challenges in terms of, 79f86b16-5397-4e30-8aea-becd095a8abb-2 00:03:54.519 --> 00:03:58.301 what's my narrative for where I would like to take the organization, 79f86b16-5397-4e30-8aea-becd095a8abb-3 00:03:58.301 --> 00:04:01.041 what is a really high-performing leadership team, 79f86b16-5397-4e30-8aea-becd095a8abb-4 00:04:01.041 --> 00:04:04.439 where would I like to evolve the culture of the organization. 51f681f9-169f-4356-a4c0-7ed616796085-0 00:04:04.680 --> 00:04:08.214 I think these are universal and that's what CEOs and the public sector 51f681f9-169f-4356-a4c0-7ed616796085-1 00:04:08.214 --> 00:04:09.160 appreciate as well. f95b1492-35bb-4ebb-a4ad-545ffad143ee-0 00:04:09.440 --> 00:04:10.760 Yes, thank you so much. 069bef60-f197-4316-9661-47272903c98d-0 00:04:10.760 --> 00:04:14.023 Thanks a lot for sharing your insights and I wish you a wonderful, 069bef60-f197-4316-9661-47272903c98d-1 00:04:14.023 --> 00:04:15.680 successful last day here at Davos. de98ad26-e671-42ef-bcc7-f770f9252891-0 00:04:15.920 --> 00:04:16.440 Same to you. f6fb953c-07b4-4774-8d63-8d2460bb2748-0 00:04:16.480 --> 00:04:16.960 Thank you.