Podcasts · The Inspire Podcast

S4 E11 - Leading in the Age of Uncertainty with Stephen Poloz

28 Jul 2022 · 43 min

In this episode Bart is joined by Stephen Poloz, the former head of the Bank of Canada, to discuss his new book and its implications for leaders. Stephen explains that the world is facing unprecedented change at a pace that will only increase, driven by five major trends that collide. He explains that those leaders who attempt to wait for a return to normalcy or to create plans that will guide them years out will be left behind by those leaders who adapt and embrace the opportunity that rapid disruption brings. A must listen to anyone who wants to inspire in this new world of disruption.

Learn more about Stephen here: https://www.osler.com/en/resources/in-focus/stephen-poloz-on-economic-impacts-and-preparing-for-the-future

00:28 Show introduction 01:10 Introducing Stevphen Poloz 01:46 Praise for his new book 02:43 Why did you write the book? 03:15 Short-term-ish 04:33 Constants and the forces that are in motion 06:18 The 5 big forces affecting the world 06:40 Demographics 07:22 Technological progress 07:49 Digitization of everything 08:04 Income inequality 08:42 Rising debt 09:00 Climate change 09:38 What does it mean for leaders? 10:39 Chaotic outcomes 11:43 Increased volatility 13:53 Risk management 17:24 How to deal with pushback against long term thinking 19:37 Capitalizing on risk 22:42 Barbell strategy 23:18 How to lead people in volatile times 25:14 Developing an internal risk capability 26:56 Market power shifting from employer to employee 28:16 Managing residual risk 31:55 Importance of having values that bind people together 33:27 Rise above the fray 35:29 Bart summarizes main points about leadership 37:01 Labour cost is going to rise 39:47 Wrapping up 41:02 Outros

The episode on the publisher’s site ↗ (opens in a new tab)