Michael Daly on global economy
From Worcester Economic Club: Michael Daly · · Pagano Media
“We live in interesting times. Things have changed dramatically more so in the past 20 years and probably in the past 70 years. We really do have a global economy. Geopolitical events really are causing volatility and everything we do every day. Technology has changed us in ways we'll never go back to.”
On , Michael Daly, Senior Vice President of Corporate Development & Strategy at HUB GROUP INC -CL A, spoke about global economy during Worcester Economic Club: Michael Daly on Pagano Media.
About Michael Daly
Michael Daly, Senior Vice President of Corporate Development & Strategy at Hub -cl A, spoke at the Worcester Economic Club on September 17, 2018. In his remarks, Daly emphasized the importance of corporate culture, describing it as "the secret sauce" that is "stronger than strategy and always will be." He argued that culture can make or break a strategy and is harder to copy, noting that "people who are loyal to cultures are not loyal to strategies long term." Daly stated that half the difference in operational profits between organizations can be attributed to corporate culture, and that engaged managers and employees lead to low turnover, higher productivity, and better customer loyalty. Daly discussed the need for leadership to protect culture, saying it "can’t be built overnight" and "needs to be passionately believed in by leadership and protected at all costs." He advocated for making tough decisions to preserve culture, such as letting go of a high-performing employee who undermines team morale. Daly also addressed broader changes, noting that "geopolitical events really are causing volatility" and that "technology has changed us in ways we'll never go back to." He stressed the importance of a mentally healthy workforce, calling it "not about being soft; it’s about being realistic."