In the latest episode, IMD President David Bach explains the vital importance of the partnership between the US government and the elite research universities, what we can learn from the vibrancy of the Middle East, and why Ted Lasso is a better leadership role model than Elon Musk.
“The US built its global edge by attracting the world’s best. Now, it risks driving them away,” says Bach, who discusses the fallout from the clash between academia and the Trump administration.
For decades, leading scientists or aspiring scientists from all over the world have gone to the US, says Bach who takes the guest chair with co-host Felix Zeltner, but now there is anecdotal evidence of a “reverse brain drain”.
“It is ironic that a country that built an important part of its economic success, military strength, and soft power appeal on research universities, which drew people from all over the world, now seems to be doing everything it can to drive their successors back out of the country to Canada, Europe, and Asia.”
The situation in the US is in stark contrast to the drive for investment in research and education seen in the Gulf region. Fresh from a visit to Saudi Arabia, Kuwait, and the Emirates, Bach was impressed by the vibrancy, optimism, and can-do attitude on display.
Another key area the Trump administration has turned a spotlight on is leadership by intimidation and insult. In reality, Elon Musk and his ilk have been successful despite their leadership style and not because of it, says Bach. Successful leaders are the ones who have “built long-term sustainable enterprises in which people feel a strong sense of belonging, where they're motivated, and where they're inspired.”
“Leadership is about two things: direction and energy. If you’re not doing both, you’re not leading.” For a truly inspirational leader, concludes Bach, look no further than Ted Lasso, the fictional soccer coach on Netflix.
Tune in now to explore the leadership challenges reshaping global talent, innovation, and trust.