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Reading Books during Covid-19

BCG: Books to read during the COVID-19 Pandemic

BCG created a reading list that has been greatly influenced by the personal implications of the unfolding global COVID-19 pandemic and profound unrest. The reviewers are a diverse group of BCGers, you can see this undercurrent reflected in almost every suggestion:

  • Purpose & Creativity
  • Diversity and Inclusion
  • Leading in the new Reality
  • Personal Wellbeing
  • International Relations

It does not matter whether you’re a CEO or a student. You will find something to teach or inspire you, or simply to enjoy.

Purpose & Creativity

Creative BCGers have found that equally creative business leaders often write the most readable books. These books on creativity and purpose may spark your creative fire and get you moving in a new direction.

The Songs of Trees
In The Songs of Trees, BrightHouse luminary and Pulitzer-prize nominated author, David Haskell explores the roots of connection; how our biology has shaped our relationships; and the complexity of networks that shape culture, awareness, and being.”

– Ashley Grice
CEO, Brighthouse

A Business and Its Beliefs: The Ideas That Helped Build IBM
“Written in the early 1960s—well before purpose was a business topic—the former CEO of IBM tells the story of IBM’s values and how its refusal to compromise those values became IBM’s primary strength. It is also one of the first books by a major CEO to discuss a corporation’s responsibilities in society, and how firms can meet expanding social expectations while still turning a profit.”

– Brad White
Managing Director & President, Europe & Middle East, BrightHouse

Diversity and Inclusion

BCGers, like many others, are thinking a lot about diversity and inclusion in the workplace, and beyond. These books on diversity and inclusion run the gamut from history to parenting to real advice on how to make a difference professionally and personally.

Jayber Crow
“Berry depicts the benefits and challenges of small-town America beautifully through a series of books centered on the fictional town of Port Meadow, of which Jayber Crow is my favorite. Far from naively idealistic, it is a raw and real portrayal of a vastly different life from the fast-paced, extravagant one in which we consultants live, which I find a compelling challenge.”

– Anna Gibson
Consultant

97 Things White People Can Do for Racial Justice
“I can’t even begin to imagine how the Black community is feeling after the continued murder and violence against Black people in America these past few weeks: Breonna Taylor, Ahmaud Arbery, George Floyd, and Chris Cooper. This resource has given me actionable steps I can take to be a more compassionate citizen and ally.”

– Beth Viner
New York Center Lead, Managing Director & Partner, BCGDV

More books to read during the Covid-19 pandemic can be found here.


Text by Boston Consulting Group
Photo by Engin Akyurt / Pixabay

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High-Level Virtual Conference by the Union of Arab Banks

The Union of Arab Banks (UAB), the World Union of Arab Bankers (WUAB), the Arab Federation of Exchanges (AFE) and Frankfurt Main Finance (FMF) invite you to a virtual conference on “Central Banks Support to Financial Capital Markets in the Coronavirus Pandemic” on 1 September 2020 from 3 pm (CEST)  and 2 September 2020 from 11 am (CEST).

Read more

Back in Business – CRIFBÜRGEL’s new online portal ensures financial transparency in the crisis

Well-founded information about business partners or suppliers is even more important in times of crisis than in good economic times. With this in mind, CRIFBÜRGEL has developed Back in Business, an online portal that enables companies in Germany to let the market know that they are back in business. Companies that rebuild and strengthen their business relationships with customers, suppliers, dealers and importers are thus supported in showing financial transparency.

Companies benefit from the Back in Business initiative on several levels. First of all, the portal offers them a simple and free opportunity to provide their business partners and suppliers with an up-to-date picture of their economic performance and thus to document their activities with regard to future-oriented entrepreneurship.

As part of the Back in Business network, companies also benefit from exclusive access to webinars and services.

Further information can be found here.


Text by CRIFBÜRGEL

Deutsche Bank Research: Global headwinds make continental value chains more attractive

The German export sector has had to cope with numerous challenges over the last few years. Not only the automotive sector, but also the shift of US trade policy and the increasingly important issue of climate change implied massive changes. That is why the long-term trend in many manufacturing sectors appeared unclear even ahead of the coronavirus pandemic. Now, COVID-19 has compounded already existing uncertainties. However, a number of developments support the thesis of Deutsche Bank Research that continental value chains are likely to gain importance.

ESG considerations raise questions about whether global supply chains really make sense.

Attention is shifting towards humanitarian, social and ecological issues. There is a broad social consensus that climate protection should play a major role in the recent stimulus packages. Even though we are currently experiencing the deepest recession since the Second World War, consumers are increasingly rethinking their consumption patterns. The fact that the German government is currently discussing a new “supply chain law” underlines that this is a relevant topic for society as a whole.

Geopolitical tensions make global supply chains less attractive.

Geopolitical trends and the growing importance of ESG issues already suggested before the COVID-19 outbreak that major changes in the supply chains might be necessary in the long run. The virus-related supply shortages have led to a considerable increase in the desire for security. There are, therefore, significant incentives to scale back the global supply chains, which were established for maximum efficiency, and return to more regional supply patterns.

The full comment can be found at: Deutsche Bank Research – Global headwinds make continental value chains more attractive


© Copyright 2020. Deutsche Bank AG, Deutsche Bank Research, 60262 Frankfurt am Main, Germany. All rights reserved.

Photo: PIRO4D/Pixabay

Deutsche Bundesbank – Learning from European cooperation in the field of financial stability

The Corona pandemic exposes the fragilities of our societies and economies. Policymakers at all levels are taking decisive action to protect firms and households. Common European action is highly desirable and feasible. We need to evoke the positive forces that give us strength. We need to find pragmatic solutions. European cooperation is indeed working better than often claimed. Financial stability is a prominent example: a lot has been achieved since the global financial crisis. We can be proud of these developments and learn from this experience.

Many people are asking themselves “what is the EU doing to tackle the crisis?” In our policy field, financial stability, a lot is being done.

A well-functioning financial system is not an end in itself. It is there to make the economy work; to foster sound investment and saving; to ensure safe and efficient payments.

Prior to the outbreak of the pandemic, the resilience of the banking sector had been strengthened, thanks to the reforms of the past decade. European and national supervisors have now been able to release buffers of capital and liquidity in order to allow banks to lend more. Supervisors also recommended to financial institutions not to finance payouts, in order to increase their resilience. All this has been done by exploiting flexibility in the rules; it does not mean reversing the reforms, which have made banks more robust ahead of the crisis.

In line with their responsibilities and mandate, the ECB and national central banks have acted promptly and decisively to avoid a downward spiral in price expectations and to ensure a smooth flow of liquidity to firms and orderly conditions on markets.

 

Read the full guest contribution at: https://www.bundesbank.de/en/press/contributions/learning-from-european-cooperation-in-the-field-of-financial-stability-832294.