ET GBS 2023: Inspiring quotes from key speakers

Take a look at some of the most inspiring quotes that were said at the Economic Times Global Business Summit 2023.

The Economic Times Global Business Summit 2023 was held at Taj palace, New Delhi on 17th and 18th February. Many eminent speakers, ranging from top government officials and global CEOs, attended the summit. Here are some of the most inspiring quotes from the summit:

Ted Sarandos: “Looking at the success model, three real metrics to look for are people engagement, the second is revenue and last is profit.”

“When you enter a new market, sometimes you miss something or the other. It’s important to understand the country and the challenges around it.”

Nouriel Roubini: “The growth of technological innovation is an opportunity but if not managed right is a threat.”

Bob Moritz: “The three important things for CEOs and countries are control over what you can, faster decision-making to navigate the headwinds coming from other countries, and data. Uncertainty is an opportunity for India.”

Hans-Paul Burkner: “The need is to re-evaluate supply chains continuously, efficiency, quality, and much more. I think it’s important for companies to re-evaluate risks and opportunities.”

Jonathan Yap: “Behind every problem lies an opportunity.”

“The challenges create opportunities to create solutions.”

Harsha Bhogle: “There is a great appetite for sports in India.”

Vineet Jain: “The New India has its eye set on the new path filled with excitement and optimism. India stands out as a beacon of growth in the present times of uncertainties.”

“Sabka Saath, Sabka Vikas, Sabka Prayas is the driving principle of the current govt., so it has been of the ET GBS.”

Narendra Modi: “Three years is not a long time, but if we look at it, it looks like the world has traveled a long journey altogether. The COVID pandemic changed the complete world, global settings have changed so has India has changed. Anti-fragile is something that is deeply discussed at a global level, where utilizing the present situation and transforming is for the greater good.”

Her Royal Highness Shaikha Jawaher Bint Khalifa Al Khalifa: “Women empowerment has a lot of different meanings and perspectives. I personally feel every household is empowered by a woman and that’s where it all started. The strength of any society is the strong woman in it.”

“I believe women are equally strong and can make a difference by being their complete selves”

Rekha Sharma: “When we talk about a power shift, power doesn’t mean going to work, it means even if she is earning or being home, she has a say and make a choice of her own. But this is changing as the mindset is evolving. This is a real shift in power change.”

Arundhati Bhattacharya: “There is a big opportunity to ensure balance. I think it’s a long journey. On that journey, it is important to involve all stakeholders be they, women, or men. The balance is important.”

Ritu Beri: “We as women, need to empower ourselves and make our voices heard at workplaces as well as a homemaker.”

Sudha Reddy: “The challenges faced by women in Indian society are self-explanatory. I have developed skills that have helped me navigate through the challenges and make a mark in the industry. I believe in never stop learning and challenging myself.”

Vidya Basarkod: “If you have the merit, competency, and desire to perform, the change in power will give long-term results. The most eligible and qualified person should be holding the power.”

Robin Joffe: “To address the changing times, firms need to be agile and disruptive in terms to scale massive opportunities.”

Lingaraju Sawkar: “It is important to make sure the infrastructure is resilient and adaptive to transforming technology.”

Megha Chawla: “the role of technology and data is of great importance as it is transforming technologically and embracing new-age innovations to leapfrog into the next phase of future enterprise. Today, India is over 900 million strong working-age people.”

Arindam Das: “Information is the key to the financial services sector. As the consumer is changing, we need to build services for the new-age consumers as we need to reimagine social media strategies to cater to this group of consumers.”

Dilip Jose: “Technology helps in identifying the section of the population that is vulnerable and educating them. Innovations need to focus on detection quickly.”

Shalabh Saxena: “Micro-finance is all about getting into the geographies.”

“Giving the customers a loan in their operating environment is the key to business success. Technology is critical for us to cater to a larger geography seamlessly and within the stipulated time.”

Mankiran Chowhan: “We are in an era of massive change. The pandemic has led to a change in the period. The penetration of digitization in the Indian economy has worked wonders as the country has embraced digital payments. The opportunity for India is massive. Technology is the heart of what companies do today. The application of technology in relevance to that industry has to be the deciding point in embracing innovations.”

Upendra Tripathi: “The G-20 presidency of India is an opportunity for the country to present its efforts and set an agenda for global sustainability as the world looks towards accomplishing Net-Zero emissions.”

Ana Maria Kleymeyer: “Climate change is real, and it is accelerating. Energy transition will require effective strategies to accelerate decarbonization at the global level. The adoption of green energies will be crucial in hard-to-abate sectors. A strategically designed policy toward energy transition will be an effective way forward.”

Joshua Garlef Whale: “The global energy demand is starting to lag off which is a positive for Net-Zero emissions goals. India with its massive population will make up for huge energy demands and it can be met only through sustainable sources which will also complement the energy transition. The cost-benefit analysis is important to make economic sense of the efforts being put into implementing sustainable practices. Decarbonization technologies will be critical.”

David Mayer: “It is important to harness and leverage clean energy for a sustainable tomorrow. We are working on innovative technology that aims to replace traditional generators.”

Shantanu Naidu: “Always listen to Heartache. The best ideas are in the biggest problems. Experience everything through others’ eyes.”

Sandeep Sethi: “Businesses have to treat sustainability as a once in a lifetime opportunity. There is already much that can be done in the area and I would encourage my clients to accelerate their process.”

Ravi Swarup: “As brands we have to create memory structures. Creating memory structures that last is about engaging with multiple senses and that’s a huge benefit of the omnichannel strategy. Even a lot of digital first brands see offline presence as extremely important.”

Sudhakar Adapa: “Consumers today are spoilt for choice. Predictive analytics is the next big evolution. So instead of just delivering grocery in ten minutes can we predict and deliver consumer requirements? Technology has to aid us in tackling this challenge. Today you can’t say I’m just a digital or just an offline brand. You have to be where the consumer wants you. An omni-channel strategy is non-negotiable”

Shivani Poddar: “Technology has let companies like ours offer limitless options to the consumer irrespective of where he or she is. The product experience is now extremely personalized and brand building has to happen online”

Arvind Gupta: “India is using data for development, not for profit making and not for surveillance. Indians are going digital at a scale bigger than never before and the country is the data capital of the world. 40% of global transactions happen in India.”

Daniel Mazon: ” When it comes to data, you have to start with knowing your customer from scratch. Don’t assume anything. In order to tackle inflation you have to balance the short term. Constantly put yourself in the shoes of your customer and use technology and data to improve people’s lives. That’s how successful products will get created.”

Nikhil Mathur: “What we need to do is a create a culture of data absorption and this is top-down movement so leaders need to drive this change.”

Vishal Chauhan: “Eating healthy, giving up sedentary lifestyle is extremely important for not just physical, but mental health of people.”

Karuna Nundy: “It’s important to bring policies that serve as remedies for any kind of inequalities, and harassment be it in any form. We need to address the inequalities and bring in a balance where everyone has equal rights no matter where they are coming from.”

R. K. Mahto: “A circular economy is a system of regeneration without reducing quality. Recycling is a very important instrument for the sustainability of the economy.”

Curt Marvis: “Every imaginable segment of India life has been profoundly affected by the growth of digital over the last several years. Edtech, Fintech, e-Commerce, social commerce, media & entertainment, travel and healthcare are but a few.”

Shilpa Rao: “Its not only about working with the legends, but to have this sense of dialogue where you treat everyone equal. It inspires to be human being first. It is important to treat everyone with respect that what my profession has taught me over the years.”

Aadit Palicha: “The power of an entrepreneurial mindset is something unmatched as it can help to innovate leaps and bounds. It’s important to fall in love with the business you are in.”

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of ET Edge Insights, its management, or its members

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