Efficiency is no longer enough: companies must adapt to the new global order

Manuel Antonio Fernández-Villacañas Marín, Professor at EAE Business School. Photo: Fernando Ariza/Portafolio. Photo:

Efficiency is no longer enough: companies must adapt to the new global order

TL;DR

  • Colombia possesses high potential but faces structural challenges in a context of geopolitical instability, economic competition, and technological advancement.
  • Manuel Antonio Fernández-Villacañas visited Colombia to foster academic and business alliances, emphasizing knowledge transfer and cooperation.
  • Colombian educational institutions are robust, offering a solid academic base for strategic partnerships.
  • While Colombia has a positive international image, insecurity remains a significant limitation to prosperity.
  • Colombian businesses have strong potential but often focus internally, posing a risk in an uncertain global environment.
  • Companies need strategic resilience, not just traditional efficiency, to adapt to external scenarios and develop alternatives.
  • Key logistical challenges stem from external instability affecting supply chains, necessitating shorter, digitized, and diversified chains.
  • Nearshoring is gaining relevance for reducing risks and improving response times in production and distribution.
  • Artificial intelligence facilitates efficiency, enhances decision-making, and complements technologies like robotics in logistics.
  • Transformative and ethical leadership is required, focusing on facilitation, motivation, and integrating sustainability.
  • Effective governance in turbulent times involves anticipating disruptions, understanding emerging dynamics, and fostering flexible, adaptive organizational models.
  • The 'triple helix' model (state, business, academia) is crucial for generating comprehensive solutions to current challenges.
  • Small and medium-sized enterprises are vital to the economy, driving employment and innovation.
  • Colombia's people are resilient, creative, and adaptable, key traits for success in a changing world.
  • Academia's role is to contribute knowledge and help anticipate changes, benefiting those who adapt and collaborate.