When I attended the HEC conference in Paris, it was an interesting experience. I was keyed in to most of the discussions, i was familiar with most of the topics. In fact I had even been meaning to contact some personalities, who turned up as speakers at the conference. Of the keynote speakers, I was able to properly attend only one, and I must say it astounded me completely. Simon Pickard, from EABIS and HEC Alum, raised the question about how much growth do we really need?
Do we need growth? Is that even a question? Of course we do. That's what shareholders want, that's what people in business aim for. Isn't it a businesses responsibility to make profit for the society? I mean, if this consideration can keep a giant of a company like Walmart on its toes, of course its the norm. Wouldn't I want my wealth to grow, my reputation to grow.. ?
But as I kept listening to him, I was slowly and gradually drawn to his side of the argument. and thats where sustainability came in. there is a difference between profit and growth. I can still make profit and not aim for growth. shareholder value does not necessarily have to be my main concern, I can think about investing to get better at what I do. La Fageda does not grow becuase they think further growth on from that point will not be sustainable for them. Typically one would think of increasing the leverage of a company (increasing debt in a company as compared to its equity share) to get bigger. Whereas i am just talking about being better. To bring it to a context closer home, do I really need to grow my wardrobe because I want people to see me wear different clothes everyday? Or do I replace worn out / old clothes when time comes, in order to make my wardrobe better in a more sustainable way, without really increasing its size. This example may sound off the mark, but hopefully it conveys the thought process..
The rest of the conference was justified to its mode - student run - and leveraged the corporate network really well. It is heartening to see how in our generation, more and more people are becoming conscious of our social responsibility, and HEC conference was yet another attestation to this effect.
Finally, I did get to see the Eiffel Tower, even if while commuting, and suitably juxtaposed with the (original?) statue of liberty. Felt like globalization, stretching over from centuries ago. and it left me with a good feeling, of having caught a glimpse without really having the time, having caught the bus to the airport just in time; in general, feeling good about what we have.. driving through the contry-side on our way to beauvais airpoirt, even though we had to miss the last session, but the landscape was worth noting and apreciating..