S5 E14-New Leadership Imperative for Canadian Business Leaders-Joe Manget, Walid Hejazi & Dany Assaf

The Inspire Podcast

In this episode of The Inspire Podcast, Bart speaks with Joe Manget, Walid Hejazi and Dany Assaf about their new book, Everybody's Business. The three authors, an accomplished business leader, a business school professor and renowned Competition lawyer and author of the bestseller Say Please and Thank You & Stand in Line, share how their research shows Canadian businesses are falling behind and why bold leadership is necessary to reverse the decline. They explain how leaders in all fields must embrace the power of technology, pursue competition on an international stage, recognize built-in monopolistic advantages may not last as long as they think, and above all take risks to energize their careers and companies. The conversation, hosted at the University of Toronto's Rotman School of Management, is an important listen for anyone who wants to build a great career -- or a great company. Get your copy of their book, Everybody's Business here: https://www.everybodysbusinesscanada.ca/ Learn more about the authors and their book in the following articles: https://www.thestar.com/business/canada-s-prosperity-is-in-decline-how-embracing-the-new-wave-tech-revolution-can-reverse/article_b1644ea1-bdd3-5eb3-80e5-24f409d3ddbf.html https://financialpost.com/news/economy/four-pillars-to-build-canada-prosperity https://www.theglobeandmail.com/business/commentary/article-canada-next-generation-lower-living-standards/ 0:12 Show Intro 0:48 Introducing the guests 1:39 What the book is about 1:47 Massive decline in Canada 2:24 How did the collaboration come about? 3:42 What did you learn from your research 3:59 Canada's productivity challenge 4:14 Widespread complacency HEADLINER? 4:39 Went from 3rd prosperous to 15th 5:18 How we can move the needle 6:43 Technology 7:25 Every generation has to find a way to make tech improve our lives 8:03 Do Canadian leaders adopt this mindset? 8:36 Protectionism 10:01 Dichotomy between legacy protections and innovation 10:45 Average leading Canadian company 124 years 11:41 What are the incentives to innovate? 12:18 RIM example 14:17 Sustaining and disruptive technologies 14:47 KODAK example 15:28 Blockbuster 16:28 Canadian examples 17:07 Open banking 19:17 What if a country is a platform? 19:57 Starlink at the cottage 20:41 Example of Armenian car sales 21:37 Your moat is not as secure as you think 22:09 Don't think of Tech as a threat 24:14 Aerospace industry 25:38 What's going on in the healthcare industry? 26:12 Cable company - video on demand example 28:29 AI for radiology 30:25 Barriers to Canadian innovation 31:46 Advice on pushing through barriers in Canada? 32:09 Hard to find leadership talent in Canada 33:07 What do successful leaders do? 33:20 Vision of the leader 37:15 You can be your own leader 37:55 The opportunity gaps exist 39:01 Atomized mindset 39:27 Creative destruction lab 40:59 20 Billion in capital raised 41:18 Bart summarizes 42:33 Don't accept the status quo 43:07 A Lot can change in 50 years 44:12 Lots of uncertainty -- and opportunity 45:08 Thank yous 45:31 Outro