Review of Professional Management- A Journal of New Delhi Institute of Management

Uday Gill ¹

Affiliations
1 Chief Strategy Officer, IVL Group Indorama Ventures PLC, Thailand, IN

Abstract

An unprecedented change in the earth’s atmosphere is unfolding in front of our eyes and we cannot ignore the extreme events that are tipping the balance of nature. At the same time, the unpredictability of the consequences of human actions is also increasing exponentially. What seemed to be an efficient way to produce energy led to huge climate change. Moreover, a dogmatic belief in the innate efficiency of supply chains created inequality, fueled discontent, and triggered protectionist policies and populism. A new mindset is needed as we cannot solve these problems with the same attitudes that led to these. The compelling issues facing the planet need radical action. Governments, corporates and communities’ collaboration is imperative to reverse the damage. Business leaders need to embrace the smart solutions as sources of competitive advantage and define new business models. Business models that are resource light and are focused more on consumer experience, and goes beyond stuff, will be successful, especially those which leverage technology, power of human creativity, diverse teams, shared economy, nearness to the customers and are guided by circularity.

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