manage.future - Outlook on the German economy 2021

Event
manage.future - Outlook on the German economy 2021

21 janvier 2021

"Where will our future growth come from?"

This was the question that Roland Berger Managing Partner Stefan Schaible asked a group of some 100 executives who were discussing the future of the German economy at an event jointly staged by Roland Berger and manager magazin on January 21, 2021. The day after the inauguration of US President Joe Biden, a top-class round of keynote speeches with subsequent panel discussion was on offer in a pandemic-proof digital setting.

Speakers included Harvard Business School professor Karim R. Lakhani, Bayer CEO Werner Baumann and former foreign minister Sigmar Gabriel, now chairman of Atlantik-Brücke; manage.future was moderated by Schaible and manager magazin's Editor-in-Chief Sven Clausen.

Insights
Impressions

The Harvard expert: Artificial intelligence drives performance.

For Harvard professor Karim R. Lakhani, two factors are crucial in driving growth: new technologies and bold leadership. "Companies need to embrace artificial intelligence now. Doing so will have a direct positive impact on corporate performance," said the AI expert. He advised the participating executives to use the current crisis to their advantage in this respect. He stressed, though, that bringing in new technologies is not enough. Businesses also need to adapt their organizational structure. And that is precisely where bold leadership comes in.

"What we need is innovation-driven Green Deal policymaking, of the kind that strengthens the competitiveness of our industries in the international arena."

Bayer CEO Baumann: Europe's Green Deal stimulates growth

Bayer CEO Werner Baumann turned to the issue of supply chains. He rejects in no uncertain terms the calls for reshoring the supply chain in view of recent shortages of vital products. "The Covid crisis has demonstrated that verticalization – controlling supply chains at the national or regional level – doesn't actually work in the real economy." Baumann praised the Green Deal as a key component of a sustainable growth strategy for Europe. "What we need is innovation-driven Green Deal policymaking," said Baumann, "of the kind that strengthens the competitiveness of our industries in the international arena."

"The new US President will call for a new form of partnership in which Europe will have much more responsibility to bear."

Sigmar Gabriel: Europe will have to bear more responsibility

At the end of the panel, Sigmar Gabriel addressed the impact of a new US President taking office. The former Vice-Chancellor said that, unlike Trump, Joe Biden knows that he needs alliances and partners. Nevertheless, Gabriel believes that Germany and Europe face major challenges: "The new US President will call for a new form of partnership in which Europe will have much more responsibility to bear."

manage.future is a joint event organized by Roland Berger and manager magazin in cooperation with Harvard Business Manager. The format was created to ask the difficult questions that companies are currently facing – and to find answers together with the brightest minds.

Speaker
Keynote
Portrait of Karim R. Lakhani, Harvard Business School
Karim R. Lakhani, Harvard Business School
Karim R. Lakhani is an expert in technology management, innovation, digital transformation and artificial intelligence (AI). The university professor is also a member of the Laboratory for Innovation Science at Harvard and an Investigator at the NASA Tournament Laboratory. Lakhani is known for his scholarship on open source communities and innovation contests, among other topics. Karim R. Lakhani addresses the topic "Competing in the Age of AI and COVID-19" during his key-note speech.
Speaker
Portrait of Werner Baumann, Bayer AG
Werner Baumann, Bayer AG
Werner Baumann has been CEO of Bayer AG since 2016. Prior to that, he was the board member responsible for strategy and portfolio management, as well as the Europe, Middle East and Africa region. His speech addresses "Multilateralism first! Why we can only solve global challenges through global innovation."
Speaker
Portrait of Sigmar Gabriel, Atlantik-Brücke e.V.
Sigmar Gabriel, Atlantik-Brücke e.V.
Sigmar Gabriel is one of Germany's most distinguished politicians. Among the positions he has held, he was the Premier of Lower Saxony, as well as Minister of the Environment, Minister for Economic Affairs and Minister for Foreign Affairs. Between 2013 and 2018, the SPD politician was Vice-Chancellor of Germany. He has been chairman of Atlantik-Brücke since 2019. His speech is entitled "After the US elections: what are the top risks in 2021?"
Further Readings
Portrait of Stefan Schaible
Senior Partner, Global Managing Partner
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