The world economy 2.0: CEO perspectives

"Today, we’re viewed as a US corporation, but more than half of our employees are outside the United States. The United States is five percent of the global population. It’s going to be a smaller percentage of our total sales in the decades to come. So we’re building our human capital base to respond to where we’ll be manufacturing and where the customers are for our products."
Jim Owens, Chairman and CEO
Caterpillar Inc.

"Globalization has opened many markets for us so people have to be open to new cultures and new things. For me it is quite impressive that a company such as Audi — one built and led by German engineers — is now comfortable with the notion that customer needs in various markets differ and that we have to have solutions that work for each market."
Rupert Stadler, Chairman of the Board of Management
AUDI AG

"We ask three simple questions: Who has better domain knowledge for this function, Bharti Airtel or outside vendors? Who can extract better economies of scale? Who can attract better talent?...We pick the best vendors from across the world in order to offer the best service to our customers. And to my mind, that is globalization."
Akhil Gupta, Managing Director
Bharti Enterprises

"Ferrovial operates in different countries, with different socio-economic environments and regulatory frameworks. There are different risks in the various businesses and sectors in which we operate...In 2003, we introduced a global risk management system to cover all of our business activities around the world, including those of the investee companies in which we have a management capacity. In a dynamic and very competitive environment, this system is an important tool in managing our businesses, helping us deal with risk factors which can affect our economic and operating objectives, both now and in the future."
Rafael del Pino, Chairman
Ferrovial Group

"Clearly, there is no business sector that is subject to as much regulation as banking -- and in my opinion that is perfectly justifiable given its broad interaction with society. But from a competitive perspective what bothers me is that while we are subject to substantial regulation here in Brazil, our foreign competitors are subject different regulations, and this situation can create competitive advantages for those who can select where to book business."
Roberto Setubal, CEO
Banco Itaú





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