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.
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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