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 Milestones

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

To entrepreneurship and beyond!

WHO and UNICEF in campaign to protect 1.6 million in Sudan from cholera

Rohingya emergency one year on: UN says thousands of lives saved, but challenges remain

Funding boost for sustainable development data agreed at UN conference

The Fourth Industrial Revolution is redefining the economy as we know it

New UN report on families in a changing world puts ‘women’s rights at their core’

Eurozone examines the prospect of issuing debt paper jointly

How multistakeholder platforms can strengthen our multilateral system

State aid: Commission approves €300 million Austrian scheme to support organisers of events affected by coronavirus outbreak

Greening the Belt and Road is essential to our climate’s future

Modern humanitarian aid at times of global crises

Organizations can get reskilling right. This McKinsey survey shows how

EU Parliament raises burning issues over the FTA with the US

A for-profit project has improved nutrition in Rwanda – is it a model that can eliminate hunger across Africa?

The energy industry is changing. Are governments switched on?

Can one FTA and 110 lobby meetings make the dirty oil clean in Europe?

Close to 7,000 evacuated from Syrian towns after enduring nearly 3-year siege

Russia and the West use the same tactics to dismember Ukraine

Eurozone 2013: Where to?

Chart of the day: When do young Europeans leave home?

EU and World Health Organisation team up to boost access to health services in developing countries

Until breath becomes air, there is no limit to care

AXA and Fremtind discuss how AI and analytics is changing insurance claims forever

West Africa ‘shaken by unprecedented violence’, UN envoy tells Security Council

Why ‘floating wind’ is key to the energy transition and how to get it onto the sea quickly

South Sudan’s women caught up in ‘futile man’s war’ UN gender equality chief

Data capture, not disclosure, is the way to meet our climate goals

5 post-COVID trends from Indian entrepreneurs

European Commission registers Χαλλούμι/Halloumi/Hellim as a Protected Designation of Origin (PDO)

Rise in Caribbean children displaced by storms shows climate crisis is a child rights issue: UNICEF

Embracing the diversity in a multicultural city of Romania

Mark Zuckerberg will be at the European Parliament today to meet President Tajani and the political group chairpersons

Long live Eurozone’s bank supervisor down with the EU budget supremo

VW diesel scandal and climate change: can increased independent car checks lead to cleaner mobility?

Why is Merkel’s Germany so liberal with the refugees? Did the last elections change that?

Religious violence is on the rise. What can faith-based communities do about it?

JADE Spring Meeting Live Coverage: Entrepreneurial skills in the digital markets

Three of the world’s hardest-hit nations are preparing to end their lockdowns

Colombia: Santos thanks the EU for its support to the peace process

MEPs approve EU’s spending in 2017

EU Top Jobs summit ended with no agreement: welcome to Europe’s quicksand!

FROM THE FIELD: Enslaved Guatemalan indigenous women wait for reparations

Coronavirus: Commission presents practical guidance on implementing the temporary restriction on non-essential travel to the EU

Images from space could bolster the global economy – here’s how

Why are Black people in the UK more at risk from COVID-19?

3 reasons why Singapore is the smartest city in the world

Polish de facto ban on abortion puts women’s lives at risk, says Parliament

IMF’s Lagarde: Estimating Cyber Risk for the Financial Sector

Italy solves the enigma of growth with fiscal consolidation: The Banking Union

G20 LIVE: “United States and Turkey stand in solidarity with France and its people in handing the perpetrators of this crime and bringing them to justice”, US President Barack Obama underlines from G20 in Antalya Turkey

European Health Emergency preparedness and Response Authority (HERA): Getting ready for future health emergencies

The 28 EU leaders unable to start a relevant debate on migration and Brexit

Eight years in, Syria still embroiled in conflict ‘that no longer sparks outrage’, Security Council hears

Working when sick is rising and harms you and your employer. This is why

Council Presidency: Floundering with the EU 2014 budget

Four things the UN chief wants world leaders to know, at key COP24 climate conference opening

Safer roads: More life-saving technology to be mandatory in vehicles

Republic of Senegal and Team Europe agree to build a manufacturing plant to produce vaccines against COVID-19 and other endemic diseases

Nagorno Karabakh conflict: EU allocates additional €10 million to support those affected

Thousands of health professionals call on world leaders to prioritize a greener future, post-pandemic

More Stings?

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