10th Sep. '11

Video: Executive Interview Bengt Holmström- Professor of Economics at MIT

A post by Sabrina (No Fear community coordinator)

 

Bengt Robert Holmström is the Paul A. Samuelson Professor of Economics at Massachusetts Institute of Technology, where he also was head of the Economics Department from 2003-2006. He holds a joint appointment with MIT’s Sloan School of Management

“In many ways one can say that education is a slow changing field.- on the whole we are often  very conservative ´´

This current generation is both more challenged and has more opportunities than previous ones. ´THERE IS MORE UNCERTAINTY- but with great uncertainty comes great OPPORTUNITY.´ Bengt describes uncertainty as being one of the defining factors of current times, yet one of the challenges this creates is finding a PURPOSE in ones LIFE.

Another major topic which  Bengt provides insight on is the MASSIVE SHIFT from the developed markets to emerging ones. THERE IS NOT DOUBT THAT WHEN YOU PUT 300 MILLION PEOPLE INTO THE GLOBAL LABOUR FORCE THAT IT IS GOING TO CHALLENGE EVERYBODY and while this may be a tough adjustment it will also provide a lot of excitement and prospects.  In order to do this Bengt argues that the Western world needs to engage with these markets, since the talent pool there is STAGGERING.

IT IS ABSOLUTELY CRITICAL that leaders prepare themselves for operating with GLOBAL and DIVERSE team.

For more info about Bengt:

Bio: http://econ-www.mit.edu/faculty/bengt/short

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