Outgrow the Caribbean market, stretch your firm's capabilities and become business insurgents. Those were the major recommendations put forward at the UWI-Arthur Lok Jack Graduate School of Business (UWI-ALJGSB) event The Strategic Intervention held recently at the school's Mt Hope Campus.
Executive director and Professor of Strategy at the UWI-ALJGSB, Professor Miguel Carrillo, said an economic recession is a circumstantial factor and many companies are stagnant in spite of the current market.
"To envision the ideal future we need vision, exploration, modification and experimentation," he said as he urged participants to consider whether T&T wanted to be a small island in the Caribbean or a large player in the global market. Professor Donald Sull, global strategy expert for turbulent markets, discussed how local business leaders can build relevant, responsive and resilient organisations, especially in difficult times. "It's not just cutting costs but focusing on how to maintain cost discipline during a recession," he said.