What does strategy have to do with a platform approach?

strategy 2019

(Unsplash, 2019)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Anil Menon, Managing Director, World Economic Forum


Nearly 300 of the world’s leading strategy executives and futurists are meeting at the World Economic Forum’s Industry Strategy Meeting. We have convened chief strategy officers in the past, but never at this scale or with this level of seniority. The question is, for an organization that is better known for bringing together the top-level leaders from organizations across government, business or civil society, why we are doing this? The answer is simple.

As the International Organization for Public-Private Cooperation, the World Economic Forum has, since 2015, established itself as a platform for multistakeholder collaboration. This has meant going beyond convening leaders, generating knowledge, building communities and all the other activities we have undertaken over the past four decades in pursuit of our mission to improve the state of the world. The result has been that we now believe we have a true operating system to tackle the world’s most critical challenges.

To reflect the complex, interconnected world we live in, we have built this operating system on what we call an integrated platform approach. What does this mean? Basically, that we believe any problem of a magnitude capable of impacting our world, or a whole region or industry, needs to be addressed in a systemic way, and all efforts need to be integrated and aggregated for scale and impact. We simply don’t have the time to deal with individual symptoms any more.

 

For example, when we look at the future of energy, we don’t just think about one aspect of it, such as the transition to renewable energy, we think about the whole energy system. This means promoting the transition to sustainable energy without having a negative impact on affordability, security or a host of other factors that would put us in a worse position overall.

Because all platforms are integrated with each other, our model also allows the most relevant expertise to be brought to bear on any given challenge; for example, pairing up technology companies with healthcare companies to prevent major disease outbreaks, or insurance businesses with the automotive sector to ease the transition towards autonomous or electric vehicles.

This is where strategy officers come in. There is perhaps no one better in an organization – not even the CEO – with as detailed a grasp on the future threats and opportunities facing their industry or sector. Strategy officers provide CEOs with the contextual intelligence they need to make long-term decisions.

I believe they can play a role in determining the success of our platforms model, too – by identifying creative ways their organizations can contribute to solving shared challenges. At our Industry Strategy Meeting, we’ll be putting them to work grappling with some of these, from turning our ageing population from untapped pension liabilities to economic assets, to fighting back against climate change and making sure new 5G technologies put people, rather than profits, first.

The insights generated here will feed directly into the work of our platforms, but my expectation is not for our engagement with the strategy community to be a fleeting affair: once the meeting is over, we will build a fully fledged community where these officers will be able to engage with our platforms as leaders and advisers. Our world may rarely have felt more fragmented than it does today, but I believe there has never been a greater consensus among the business community that it must act together to create a more purposeful, inclusive and sustainable world.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

On the euro but out of it?

Cancer research put at risk by General Data Protection Regulation? The possible dangers of a data privacy EU mania

‘Jerusalem is not for sale’ Palestinian President Abbas tells world leaders at UN Assembly

Human Rights: breaches in Cambodia, Uganda and Myanmar

Migration has set EU’s political clock ticking; the stagnating economy cannot help it and Turkey doesn’t cooperate

Boat made of recycled plastic and flip-flops inspires fight for cleaner seas along African coast

EU Commission expects consumer spending to unlock growth

What’s an ‘essential service’? Not knowing could block access to key digital services during COVID

‘No-deal’ Brexit: European Commission takes stock of preparations ahead of the June European Council (Article 50)

UN launches new fund to advance sustainable development in Aral Sea region

How ‘small’ is Europe in Big Data?

Commission reports on progress made by Albania and North Macedonia

MEPs back plans to promote water reuse for agricultural irrigation

LUX prize will be awarded jointly by the European Parliament and the European Film Academy

As the inventor of copy and paste dies, here are other computing innovations we take for granted

Eurozone banks are unable to support real economy’s dawning growth

As coronavirus spreads to poorer countries, here’s how the world can help

Integration of migrants: Commission launches a public consultation and call for an expert group on the views of migrants

The reverberation of permanent multiprofessional education in combating antimicrobial resistance: future generation prognostic change

Mergers: Commission approves acquisition of Raytheon by UTC, subject to conditions

UN political chief calls for dialogue to ease tensions in Venezuela; Security Council divided over path to end crisis

Trade negotiations with US can start under certain conditions

5 unexpected ways bicycles have made the world a better place

Why “de-learning” is equally important as reskilling in conversations about the future of work

Third Facebook-Cambridge Analytica hearing: data breach prevention and cures

Facts and prejudices about work

Building cybersecurity capacity through benchmarking: the Global Cybersecurity Index

Trade in counterfeit goods costs UK economy billions of euros

The importance and the need of mobile technology in the health care system and in saving lives.

European Accessibility Act: Parliament and Council negotiators strike a deal

Major humanitarian hub in north-east Nigeria burned in attack

How Africa’s entrepreneurs are changing the direction of globalization

European Youth Forum warns of a Peter Pan generation as a result of financial crisis and response to it

A new report outlines the shipping industry’s plans for decarbonization

‘Complacency is still strong’ over stopping genocide, says top UN adviser

Fair transition to digital and green economy: a new social agenda for Europe

Guterres in Davos: ‘Dysfunctional’ response to common problems, shows need for effective multilateralism

In this Tokyo cafe, the waiters are robots operated remotely by people with disabilities

These countries have the most doctors and nurses

Number of members in Parliament’s committees to change after Brexit

The third bailout agreement for Greece is a done deal amid European economies full of problems

European Parliament and Eurovision sign partnership for European Elections

The essence of care is cosmopolitan

Eurozone: In vicious cycle of disinflation and unemployment?

How fintech is making investment accessible

American negotiators can’t pay for their trip to Brussels, EU-US trade agreement freezes

The gender gap of medicine in 2018

EU Commission: Growth first then fiscal consolidation

‘Emulate his example’ urges UN chief as world celebrates Nelson Mandela: a ‘global advocate for dignity and equality’

Industrial price dive may lead to point of no return

Climate change update: will the UN member states regain momentum despite the little progress at COP23?

To realise the full potential of AI, we must regulate it differently

Employment and Social Developments in Europe: 2018 review confirms positive trends but highlights challenges, in particular linked to automation and digitalisation

Rare Disease Day: a new EU platform to support better diagnosis and treatment

State aid: Commission approves €3.2 billion public support by seven Member States for a pan-European research and innovation project in all segments of the battery value chain

Strengthening the rule of law through increased awareness, an annual monitoring cycle and more effective enforcement

Financial markets appear to have rallied. Here’s one way to mitigate further shocks due to COVID-19

European Commission to issue €62.9 billion worth bonds under existing programmes in 2021

Women’s rights and how medical students can act as aides of progressive change

The priority for workplaces in the new normal? Wellbeing

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s