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A brief summary about the 1st day of the Global Business Leadership Summit 2016

A brief summary about the 1st day of the Global Business Leadership Summit 2016

The Global Business Leadership Summit was a two day leadership conference with several highlighted leadership sessions. The speakers were honoured professionals sharing their real business experiences and practices related to actual leadership challenges.

The first speaker of the conference was Mr. Papp, who is currently the Hungarian Investment Promotion Agency’s Vice President of Business Development.

Mr. Papp praised the current situation of the Hungarian economy, emphasizing the low level of state deficit, inflation, and unemployment rate. He also mentioned Hungary’s role as a manufacturing centre in Easter Europe, and claimed that Hungary intended to be the innovation centre of the region in the near future.

Among others, Mr. Papp pointed out the central location of Hungary in the European transportation industry, and ensured the audience that new investments would be implemented in the logistic infrastructure including the development of the motorway and railway systems, as well as the Budapest Airport, which has particularly promising development potentials.

He briefly introduced the services Hungarian Investment Promotion Agency as well, emphasizing that it aims to address the business needs of foreign investors with providing serious incentive programmes such as cash subsidy or tax allowances.

At the end of his speech, he concluded that there was a momentum in Hungary, and that they would focus on maintaining the stability and growth of the Hungarian economy, which would benefit investors as it did in the past few years.

The second speaker of the conference was Gregory Thain, who is currently the chairman of Wilton Financial Services.

In short, Mr. Thain talked about how new technological developments would affect our future. In his opinion, “massive changes are coming” in the next twenty years, which will affect everybody’s life.

During his speech, Mr. Thain presented future tools and appliances that will transform the daily routines of every household. He added that all of these tools were either existing or under tests. He also played a video about future cities, where building are self-sustaining and people recycle their waist to gain more energy from them, thus making everyday life more independent from non-renewable resources.

Mr. Thain also warned the audience that working habits were also likely to transform in the near future. He said that dealing with huge amounts of information and sharing them would be of paramount importance for business leaders in the coming years. He added that effective collaboration with both partners and employees was also something to reckon with.

The third speaker of GBLS2016 was Max Becker, who is the Treasurer of European Association for People Management (EAPM), and responsible for the proper handling of all financial affairs of the organisation.

Mr. Becker’s topic was leadership transparency. First, he highlighted the role of social networks in the transparency of entire societies.

He also talked about the importance and the possible threats of transparency in the business world, emphasizing that good leaders lead by sharing their ideas with their employees, thus being transparent, but he also added that too much information may lead to the opposite, intransparency.

Mr. Becker concluded that “leadership will be more transparent, but confidentiality will not disappear” in the future.

The fourth speaker was David Page, CEO and founder of Business Mix, which is a new innovation consultancy looking to support corporates in entering the innovation eco system.

Mr. Page is coming from the corporate world, as he worked for several prestigious companies such as Visa Europe, Capita or Barclays before founding his own.

Mr. Page shared many advice that a successful leader may have to consider when leading his or her company. The most important message he shared with the audience was that “when you want to be a part of the innovation environment, you need to collaborate” with others. He also emphasised that leaders needed to be able to understand new investments, technologies.

In his speech, Mr. Page also listed a few of the lessons he had learnt as a leader, which are the following:
• Understand the problem you are creating the innovation against.
• Listen to external opinions that are coming from outside the corporate environment.
• Finding the balance between letting your employees to be innovative and determining what you do not want others to interfere is the key to success.

The fifth speaker was Branko Jovic, the Vice President of Orbico Group, who talked about leadership challenges in managing people.

As one could predict from his topic, Mr. Jovic went through a series of useful advice as to how to be a successful leader in a business environment. He started his speech by emphasising the importance of the first impressions that leaders creates in their employees. He also highlighted the importance of creating trust in employees, which always serves as the basis of long term collaborations. According to Mr. Jovic, showing respect and giving sense of importance towards employees are also key strategies in having a successful working relationships.

The next advice he gave to the audience was to bring diversity to the team you work with, as it leads to success because different opinions most frequently lead to solutions, while he also warned the audience that surrounding yourself with ex-colleagues might not be a good idea, because it can create suspicion in others.

Although he shared many useful advice, he admitted that “there is no magical formula as to how the be a good leader, but balancing different approaches and strategies is definitely important.”

The final speaker of the first day of GBLS 2016 was Deepansh Jain, who is the co-founder SHIFU, a personal assistant app for smartphones, which was acquired for USD eight million.

In his speech, he told the audience his story about how he created a company at the age of nineteen and sold it for millions of dollars a few years later.

He revealed that currently he was an investor and mentor for versatile startups in the field of fashion, technology and travel.

He also added that he advised young talents who are finding way in start-up industries.

edited by Gábor Hajnal

Source: Daily News Hungary

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