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