Issue #15

December 3rd, 2020

TESTING Economic Resilience – Episode #5

https://youtu.be/xFpGdWyiN44

The economic downturn is global. Economic resilience is being tested. This – the concluding Episode of the 2020 TESTING Economic Resilience, includes a discussion and recommendations for achieving Economic Resilience, a Transition in Energy, and Leadership in Innovation with a special section on the Role of Government, Resistance to Change, and Post-Covid Economic Recovery.

Fall 2020

Governments worldwide are struggling to contain the social and economic impact of Covid-19.  Economic recovery will hinge on the resilience of your economy – the capacity to bounce back from shocks such as Covid-19 and others identified in our MEGATRENDS Report. What is the prospect for a rapid recovery? Alberta is a case in point.

In this issue we are presenting Episode #5 HERE concluding the Program with Summary Recommendations drawn from your survey responses.

• Episode #1. OVERALL. HERE  Objectives of the Program and the Overall status of Alberta’s economic resilience and the factors influencing your sentiment
• Episode #2. LOCATION. HERE How Alberta’s economic resilience differs by Regions: Edmonton, Calgary and Other including Northern, Central and Southern….and how it has changed over the last few years
• Episode #3. SECTOR. HERE How Alberta’s economic resilience differs for each of Alberta’s economic sectors: Public Services, Professional Services, and Industries
• Episode #4. ECOSYSTEM. HERE The most appropriate roles for government in economic development and an assessment of the effectiveness of Alberta’s Innovation Ecosystem in supporting the survival, growth, and retention of small businesses

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REFERENCES

MCKINSEY. HERE  Rethinking Resilience – Ten Priorities for government

ALBERTA INNOVATES. HERE Pivoting with a new focus on Alberta’s entrepreneur’s ecosystem

ALBERTA GOVERNMENT.  Plan for Recovery released June 2020 HERE

The Alberta Government’s recovery plan addresses “…the triple threat of the largest public health crisis in a century, the biggest global economic contraction since the 1930s, and an unprecedented collapse in energy prices.” The Plan includes what the Alberta Government proposes for “…building, diversifying, and most importantly creating jobs.”

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RECOMMENDED READING – LEADERSHIP

“Prioritized Leadership in Challenging Times – A Formula for Saving Your Business“.  When times are tough, stresses and weak spots in the management plan start to become evident. You can bet that surviving businesses will be looking for essential tools and methodologies to rebuild and strengthen their base. FOR MORE  Submitted by Clare Paulsen

 “Dedicated to Building Better Leaders”

info@betterleaders.ca

780-982-1074