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Insights on Business Resilience and Leadership
Nov 18, 2024
Slooh International Business Now Podcast
Overview
Developed by Boeing Institute of International Business, Saint Louis University
Special thanks to founder Dr. Sun Kim
Hosts conversations on international business
Episode Details
Revisits a conversation from the Bayer International Business Conference, December 2023
Features Jean Cunningham and Arnold Donald (Retired Vice Chair and CEO of Carnival Corporation)
Focuses on business resilience during COVID-19
Arnold Donald's Background
Former CEO of Carnival Cruise Line (2013-2022)
Previous roles at Monsanto (SVP, President of Consumer and Nutrition, President of Agriculture)
Chair of Mirant Corporation
Former CEO of the Executive Leadership Council
Education: Carleton College, Washington University, MBA from University of Chicago
Serves on boards like Salesforce and various nonprofits
Key Discussion Points
Personal Influences
Born in 1954, Louisiana during Civil Rights Movement
Importance of education instilled by family
Influenced by figures like Martin Luther King and Muhammad Ali
High school experience at St. Augustine High School
Business Resilience
Definition: Thriving over time despite challenges (pandemics, wars, social changes)
Example: Meyer Werft shipbuilder in Germany
Importance of people and diversity in business
Innovation stems from diverse thinking
Carnival Corporation During COVID-19
Stopped sailing before government mandates
Managed zero revenue and high costs ($600M/month)
Importance of keeping ships operational
Prioritizing guest and crew safety
Raised $23.6 billion through 14 transactions
Responded to simultaneous environmental regulatory challenges
Leadership at Carnival Corporation
Joined as CEO in 2013 after retiring
Addressed PR crises and internal morale
Promoted collaboration among Carnival's diverse brands
Insights on Education
Education as a portal to prosperity
Role in resilience and critical thinking
Advice for Business and Personal Growth
Listening is crucial to understanding and success
Collaborate and communicate effectively
Overcome adversity by understanding diverse perspectives
Continual adaptation and innovation are key
Audience Engagement
Incorporating audience questions and discussion
Encouragement of listening and understanding opposing views
Conclusion
Reflection on the importance of resilience in businesses and individuals
Encouragement to subscribe to the podcast for more insights on international business
Additional Information
Explore more about the Executive Master of International Business Program at biib.slu.edu
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Full transcript