How Companies Can Adapt to More Government Intervention

HBR IdeaCast

Harvard Business Review

Leadership, Entrepreneurship, Communication, Marketing, Business, Business/management, Management, Business/marketing, Business/entrepreneurship, Innovation, Hbr, Strategy, Economics, Finance, Teams, Harvard

4.4 • 1.9K Ratings

🗓️ 1 August 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

After decades of industrial policy that favored globalization and free trade, we are entering a new era. Prompted by the pandemic, climate change, rising geopolitical tensions and economic concerns, countries and groups of countries are once again using the power they have to intervene in the private sector, whether it's investing in drug development, offering clean energy tax breaks, or incentivizing domestic manufacturing. Harvard Business School professor Willy Shih wants to help corporate leaders navigate these changes in a way that protects their businesses, workers, and customers. He explains the new challenges - as well as opportunities. Shih wrote the HBR article, "The New Era of Industrial Policy is Here."

Transcript

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0:00.0	Today, the work employees choose to perform in an office space is different than what they do remotely.
0:07.0	Foresight by court provides actionable insights about how to adapt your office space.
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0:42.0	Welcome to the HBR idea cast from Harvard Business Review. I'm Allison Beard.
0:59.0	Around the world, the relationship between government and business seems to be shifting,
1:11.0	prompted by the pandemic, climate change, rising geopolitical tensions and economic concerns,
1:16.0	countries and groups of countries, are once again using the power they have to intervene in the private sector.
1:23.0	Whether it's investing in drug development, offering tax breaks for EV car buyers,
1:27.0	or incentivizing domestic manufacturing.
1:31.0	Today's guest says this marks a new era of industrial policy across North America, Europe, and Asia.
1:37.0	And he wants to help corporate leaders navigate the changes in a way that protects their businesses,
1:42.0	workers, and customers.
1:44.0	Willie She is a professor at Harvard Business School, and he wrote the HBR article
1:48.0	The New Era of Industrial Policy is here.
1:51.0	Willie, welcome to the show.
1:53.0	Thank you for having me.
	...

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