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INNOVATION AND LEADERSHIP IN BUSINESS AND SOCIETY University of Navarra Carlos Cavall Miami, September 2005 Slide 2 2 Carlos Cavall University of Navarra INDEX 1.INTRODUCTION 2.THE FOUR PILLARS OF BUSINESS 3.INNOVATION AND LEADERSHIP 4.THE PILLARS OF SOCIETY 5.LEADERS FOR SOCIETY INNOVATION AND LEADERSHIP Slide 3 3 Carlos Cavall University of Navarra THE FOUR PILLARS OF BUSINESS 1.COMPETITIVENESS INNOVATION AND LEADERSHIP Slide 4 University of Navarra Carlos Cavall 4 Source: Jordi Gual THE FOUR PILLARS OF BUSINESS 1. COMPETITIVENESS USA Current Account Deficit Slide 5 University of Navarra Carlos Cavall 5 THE FOUR PILLARS OF BUSINESS 1. COMPETITIVENESS USA Current Account Deficit Slide 6 6 Carlos Cavall University of Navarra THE FOUR PILLARS OF BUSINESS 1.COMPETITIVENESS 2.PRODUCTIVITY INNOVATION AND LEADERSHIP Slide 7 University of Navarra Carlos Cavall 7 THE FOUR PILLARS OF BUSINESS 2. PRODUCTIVITY Slide 8 University of Navarra Carlos Cavall 8 THE FOUR PILLARS OF BUSINESS 2. PRODUCTIVITY Labour Productivity Slide 9 University of Navarra Carlos Cavall 9 Source: Fedea THE FOUR PILLARS OF BUSINESS 2. PRODUCTIVITY Slide 10 10 Carlos Cavall University of Navarra THE FOUR PILLARS OF BUSINESS 1.COMPETITIVENESS 2.PRODUCTIVITY 3.PROFITABILITY INNOVATION AND LEADERSHIP Slide 11 University of Navarra Carlos Cavall 11 Source: The Economist THE FOUR PILLARS OF BUSINESS 3. PROFITABILITY Profits Slide 12 University of Navarra Carlos Cavall 12 THE FOUR PILLARS OF BUSINESS 3. PROFITABILITY USA Fiscal Debt Slide 13 University of Navarra Carlos Cavall 13 THE FOUR PILLARS OF BUSINESS 3. PROFITABILITY Family Debt Slide 14 University of Navarra Carlos Cavall 14 THE FOUR PILLARS OF BUSINESS 3. PROFITABILITY US private-sector net saving*, % of GDP Slide 15 University of Navarra Carlos Cavall 15 THE FOUR PILLARS OF BUSINESS 3. PROFITABILITY Total Debt Slide 16 16 Carlos Cavall University of Navarra THE FOUR PILLARS OF BUSINESS 1.COMPETITIVENESS 2.PRODUCTIVITY 3.PROFITABILITY 4.SUSTAINABILITY INNOVATION AND LEADERSHIP Slide 17 University of Navarra Carlos Cavall 17 1.FISCAL DEFICIT-4.1% GDP 2.CURRENT ACCOUNT DEFICIT-6.3% GDP 3.HOUSEHOLD DEBT$10 Trillion 4.HOUSEHOLD NET SAVINGS/YEAR-2% 5.NEED TO FINANCE CONSUMPTION$2 Bn/day 6.NEED TO FINANCE DOMESTIC INVESTMENT86% 7.NEED TO FINANCE FISCAL DEFICIT$1.5 Bn/day THE FOUR PILLARS OF BUSINESS 4. SUSTAINABILITY Slide 18 18 Carlos Cavall University of Navarra 1.INNOVATION IS ABOUT CHANGE 2.INNOVATION IS ABOUT CULTURE INNOVATION AND LEADERSHIP Slide 19 19 Carlos Cavall University of Navarra 1.LEADERSHIP IS ABOUT MISSION AND STRATEGY 2.LEADERSHIP IS ABOUT PEOPLE AND THE COMMON GOOD INNOVATION AND LEADERSHIP Slide 20 20 Carlos Cavall University of Navarra 1.SOCIOECONOMIC DEVELOPMENT 2.RECENT ECONOMIC GROWTH 3.EMPLOYMENT 4.EDUCATION 5.DEMOGRAPHY 6.HUMAN RIGHTS 7.MORAL AND CULTURAL VALUES INNOVATION AND LEADERSHIP THE PILLARS OF SOCIETY Slide 21 21 Carlos Cavall University of Navarra DEMOGRAPHY INNOVATION AND LEADERSHIP THE PILLARS OF SOCIETY Slide 22 22 Carlos Cavall University of Navarra INNOVATION AND LEADERSHIP THE PILLARS OF SOCIETY MORAL AND CULTURAL VALUES Slide 23 23 Carlos Cavall University of Navarra INNOVATION AND LEADERSHIP THE PILLARS OF SOCIETY MORAL AND CULTURAL VALUES THE CLASH OF CIVILIZATIONS THE CLASH OF ORTHODOXIES