Light at the End of the Tunnel
"We've the economy bottom out in early May with indicators all
around us that the recovery has started, confidence is driving an
upswing in all market sectors." With a positive outlook ahead, Frost
& Sullivan's Chairman David Frigstad inspired the 120 plus CEOs and
their growth teams that gathered in London a few weeks ago for GIL
2009: Europe, Growth, Innovation and Leadership Congress on Corporate
Growth. GIL Global is the industry's only event designed to support
senior executives in their efforts to achieve sustainable, top-line
growth. "The real purpose of GIL is to focus on the CEO's number one
top priority: growth and now more than ever CEOs need to stay focused
on their growth strategies," said Frigstad.
Frigstad's view of the
current economic climate seemed to be shared by many industry
luminaries in attendance providing their perspectives as growth thought
leaders with congress participants. Holger Schmieding, Bank of
America's Chief Economist, confirmed that between April and May we
reached the bottom: "Things cannot get any worse," says Schmieding, "We
will have a long time to deal with the consequences. There will be
debris, but there are good news and good prospects in the long term."
Frigstad stated: "There is a tremendous amount of opportunities out
there through industry convergence. One of the great advantages of
bringing industries together and get them to network is to see what the
key issues are impacting all the industries across the board and how to
create opportunities to drive growth."
