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What Wins Now? The Debate

ABOUT THE DEBATE

The CNBC debate asks what business leaders should prioritise amid a global downturn and shifting power bases. Passion or profit ? Purpose or power? Which can deliver success as growth slows and market models undergo change?

CNBC brought together four leading executives at the World Economic Forum meeting of the New Champions in Tianjin and asked each to lay out the case for one of these key drivers.

When times are hard, do business leaders have a responsibility to keep their eyes firmly on the bottom line, protecting jobs and incomes or does personal conviction and a sense of wider social responsibility become more important than ever?

VIDEO


Current DateTime: 01:39:12 05 Dec 2008
LinksList Documentid: 27158815
  • Part 1 

      Young Global Leader and CEO of Operation Hope, John Hope Bryant, kicks off the debate with the case for Passion. Mr Bryant argues that Passion must be at the core of business, that it is the only thing which will keep you committed for the long haul. According to John, you can make money with a short term focus but you can build a business and a reputation, and maybe even a legacy, with a long term focus.

  • Part 2 

      We hear from another of the World Economic Forum’s Young Global Leaders: Professor Sandeep Parekh of the Indian Institute of Management responds with the argument for Power. Lack of power – renders passion, profit and purpose ineffective says the professor but he cautions that power without a proper purpose, correct alignment of profit structures and ‘legitimate’ passion would do more damage than good.

  • Part 3 

      If you put purpose first, profits will follow - that’s the stance of, Vikram Akula, CEO of SKS Microfinance. Company leaders should focus on a greater purpose than quick profits he says. Representing the World Economic Forum’s Social Entrepreneur community, Mr Akula insists that if you do right by your customers, especially in downtimes, they will stay loyal as things improve. The result will create a tremendously supportive customer base.

  • Part 4 

      Geoff Riddell the CEO of Zurich Financial Services Global Corporate highlights the public benefits of private profit. Mr Riddell warns that disregarding profitability, especially in tighter times, would be to abandon the best measure for evaluating use of resources when delivering values to customers and societies.

THE PANELLISTS

PASSION:

John Hope Bryant

CEO, Operation Hope
POWER:

Prof Sandeep Parekh

Indian Institute of Management
PURPOSE:

Vikram Akula
CEO, SKS Microfinance
PROFIT:

Geoff Riddell
CEO, Zurich Financial Services Global Corporate


SPECIAL GUESTS

Selina Lo, CEO, Ruckus Wireless

Shai Agassi, CEO, Better Place

Justin Mallen, CEO, Silk Road Telecommunications

David Green, CEO. Project Impact

SHOW TIMES

CNBC in EMEA
Friday 3rd Oct at 23.00CET
Saturday 4th Oct at 19.00CET
Wednesday 8th Oct at 23.00CET


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