Some companies have taken on board the idea that their increased power puts new demands on them. They now believe that firms should indeed serve stakeholders as well as shareholders. Business need to offer good value to customers; support their workers with training; be inclusive in matters of gender and race; deal fairly and ethically with all their suppliers; support the communities in which they work; and protect the environment. However companies reset and refine their purposes in the years to come, they will still need to perform. What innovative strategies are going to help them get there? What power playbook will they need to follow? Are there enough new technologies to ward off economic decline? What’s the geopolitical context and nuances leaders must consider?
The Economist’s Innovation Summit celebrates a decade in 2020 and we’re imagining the company of the future and also the social and political forces that will shape it. As we look ahead, how can business harness innovation to solve humanity’s most pressing challenges? What sort of chief executives will survive and thrive in the coming era of perpetual change? How can today’s firms manage the transformation they will need if they are to prosper? What world do we want to create and how can artificial intelligence help us get there?