a) What is a pressing contemporary issue on which you would like to have an impact?
b) Why is it important to you?
c) How could you, as a business leader, leverage your skills and resources to address the issue?
Several new global trends are particularly shaping business today. No one economy is isolated; US markets are dependent on European and Asian markets and vice versa. Greek debt has an impact on US banks, which in turn not only impact the Greek but also the global economy. The labor force is dealing with multi-cultural issues like serving customers online via phone or Internet from another country. Amidst these trends one of great interest to me is the increasing prominence of developing markets.
The influence of developing markets on the global economy is rapidly increasing. Once attractive for cheap labor and low cost manufacturing, emerging markets are now seen as promising with rapid population increases, growing middle classes, talented people and sustainable economies. As emerging markets continue to grow, so will their companies. We now see a lot of multi-national companies setting up offices and operations in emerging markets to take advantage of the growth; for example, most of the financial services firms like Bank of America, JP Morgan Chase, and Goldman Sachs have operations in India and Philippines. .The growth of local companies in the emerging markets will have an impact on the multi-national firms and ultimately the global economy. The untapped strong pool of talent in the emerging markets is clearly an opportunity for global businesses. I would like to tap into this talented pool of people to help MassMutual become a global leader in the life insurance