2016 was something of a shock. The world as we knew it has been up-ended.
We weren’t the only ones who didn’t see Donald Trump’s victorious campaign for US presidency as being such a defining event for international affairs, nor indeed was Brexit seen as a stumbling block for economic growth and strategies for 2017 and beyond. Both events seemed less than likely this time last year. As such, 2017 will be dominated by the decisions we made in 2016.
We’re not out of the woods just yet – Germany and France are holding their elections in 2017 – and we know without a doubt the next year will be challenging in a multitude of ways for CEOs and businesses: how further technological advances will continue to change everything; changes to employment, immigration and corporate tax laws; fluctuating exchange rates; increasing cyber security threats; the need for more innovative hiring strategies; misplaced crisis management; marketplace competition and oversaturation; post-Brexit and Trumponomics and their effect on consumer confidence and behaviour.
But is it all doom and gloom?
Leaders everywhere are optimistic and confident about going into 2017 despite uncertainties ahead. Businesses globally are entering the new year with expectations that they are about to enter a new phase! We need to use 2016 as a catalyst for positive change and address the challenges ahead with innovation and determination.