Is a renegotiated trade agreement between US, Mexico, and Canada the solution?
I am curious about 5 things you’re observing in your fellow leaders of other companies:
#1 Why do leaders think a renegotiated trade agreement between US, Mexico, and Canada the solution?
- What evidence has there been in President Trump’s history that he will honour a personal, business, or legal commitment?
- What evidence is there that a renegotiated agreement will be honoured or that there will be no further demands or trade issues with the US?
- What concessions and changes will Canada need to make to get the new USMCA and what will be the implications to individuals living in Canada?
#2 Do the leaders think this the beginning of an economic war with the US?
#3 How many boards of directors and business leaders have launched their crises management process?
- How many think this a crisis?
- How many have processes and plans which can be launched?
- How long will this turmoil go on for? i.e. when, if ever, will things settle down OR will turmoil be never-ending?
- What changes will outlast the tenure and control of President Trump?
#4 How many boards of directors and business leaders have launched their war rooms?
- What is the purpose of the war room? Does it provide real time data to decision makers? Does it provide visual data and analytics both proactively and on demand? Does it provide alerts when decisions are required? Does it update scenarios and enable fast creation of new scenario?
- Are the war rooms a combination of physical and virtual?
- What information is shown in the war room?
- Is the war room operational 24/7?
- Does it have a combination of people and AI support?
#5 What percentage of the companies your know have the right talent at the board of directors and C-Suite?
What changes in talent need to occur?
What talent development needs to occur?
How many have the right consultants and advisors in place?