In tomorrow’s edition of leading Danish newspaper Jyllands Posten, I have written a column about ambition, China and Europe. The point is straight-forward: The Chinese companies I work with, easily understand that successful companies in the 21st Century need to pursue a purpose beyond profit if they want to engage employees, customers, suppliers and others to work with them and even work for them.
Chinese CEOs are hungry. They are driven by a strong determination to win, not only in China, but globally, and they will win. Not because they are smarter than managers in the west, but because they work harder and because they are more hungry for success.
Therefore I am gradually selling the shares I have in big Danish companies. I simply don’t have confidence in their boards who are dominated by finance people in grey or black business suits with no purpose beyond profit. The boards tend to employ CEOs who share the same lack of purpose. It happens everywhere, in banks, in construction companies, in manufacturing and in service. And even worse, the same lack of vision and perspective is penetrating the public sector under the “New Public Management” umbrella. Just look at the lack of vision in the Danish Parliament.
I am personally neither unhappy nor depressed. Because I have the privilege to start new growth businesses with a purpose and even more importantly, I have the means to go out and make a difference beyond business (for me this is Scouting). But for Denmark and Europe, I am concerned: We are gradually eroding what our ancestors built up and we are getting poorer and poorer every day. I have enough, but this will affect a lot of Danish families who certainly do not have enough.
I invite your comments and contributions. We need them!