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Home » Growth Swarm Ep 8: The Inflation and Recession Impact
CXO

Growth Swarm Ep 8: The Inflation and Recession Impact

The bumps, bruises and opportunities in the economy today
John SiefertBy John SiefertJune 15, 2022Updated:February 5, 20232 Mins Read
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In this Acceleration Economy Growth Swarm, John Siefert, Bob Evans, Tony Uphoff, and Scott Vaughan have a conversation about what it means for business leaders to lead by example in periods of economic hardships.

Highlights

00:17 —The Cloud Wars Expo in-person event will be held from June 28th to 30th at the Moscone Center in San Francisco, California.

02:30 — Recession headlines have created a concerning outlook on the near future of organizations within the Acceleration Economy. Bob recounts his and Tony’s industry history entailing four different recessions.

04:00 — Changes in technology, leadership, capabilities, and opportunities make today different than even recent downturns, as in 2008. Bob echoes ServiceNow CEO Bill McDermott: “This is a time for smart companies to pour it on.”

04:54 —The recent announcement of Oracle’s colossal healthcare transformation project indicated that buckling down isn’t the only available option in periods of potential economic strife. Bob affirms that mindset represents a crucial first step forward.

06:14 — Turbulent markets teach businesses to go back to basics: people, product, process, and performance. Tony emphasizes the role of advancing technological capabilities in today’s digital landscape and using them to accelerate growth.

08:00 — Many businesses have been running the same way for a long time. As the market shifts, these processes require reimagination involving new technologies and customer expectations.

09:00 — Scott highlights the difference in changing paths rather than taking the foot off the gas — companies, employees, and customers need leaders at all levels who can maintain composure.

10:30 — Positioning with customers and employees is another critical component of performance. Leaders hold onto the things within their control and make a positive impact on their businesses.

11:56 — Remaining focused as an organization through difficult times is what propels companies past their competitors.

13:08 — Some leaders don’t say anything when they don’t know what to say, or take the other extreme and “blabber away” — people within organizations can sense both.

13:52 — Leaders should be selective in what they take into account when making decisions during economic turbulence. Oracle has opted to redefine the healthcare space at a time when many companies are buckling down.

15:14 — John wraps the discussion with an open invitation to more Growth Swarms at Cloud Wars Expo.


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John Siefert

Co-Founder
Acceleration Economy

Areas of Expertise
  • Cloud
  • Digital Business
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John Siefert is the CEO of Dynamic Communities and Co-Founder of the Acceleration Economy Network, where he leads the strategic direction, business, and community-based focus of the organization by collaborating with colleagues, customers, partners, and friends. Prior to DCI, Siefert has worked in multiple leadership positions, including President roles at Questex and Informa, SVP at UBM, CMO at STYR Labs, and CEO at Virgo, LLC. Siefert’s passion for creating unique content, community, and event-based programming has helped to build some of the largest media brands in the B2B space serving the business technology and health/nutrition categories. In his personal life, Siefert is a father of two, married to the love of his life, and digs beaches, barbecues, boats, astrophysics, and road-tripping.

  Contact John Siefert ...

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