How can you succeed engaging large numbers of people to rebuild trust in financial institutions by using a design thinking-based innovation methodology? Design and innovation firm IDEO will lead this interactive workshop to explore the issue of movement building and fundamental change in our financial institutions. Participants will be introduced to the innovation practice of design thinking and take part in activities focused on finding inspiration from real people rather than demographics or statistics. Participants will learn through a guided workshop experiences an approach to translating observations and insights into relevant ideas and design solutions, and should be able to use this methodology in their own challenges, beyond the specific case that the session will cover.

Richard Attias, Founder, The New York Forum, and Executive Chairman, The Experience

Opening plenary: REINVENTION: THE CORPORATE IMPERATIVE (Session Summary)
Corporate and business leaders have always had to be agile and restless, rethinking their business models for survival as markets and technologies change. But the pace and pressures for change seem greater than ever. How do great leaders navigate through the uncertain terrain of today’s world? What are the key challenges that they face?

New York Grand Hyatt Hotel

The worst of the finance-induced recession seems to be over. But there is widening anticipation of jobless growth. How are the engines of innovation performing in the US and abroad? Plenary conceived by the Center on Capitalism and Society, Columbia University.

CALL FOR ACTION: What can we do and what will we do to generate both economic and job growth?

Both Main Street and Washington seem to have lost trust in Wall Street. What can we do to restore confidence in a fundamental part of our economic system? Do current norms of behavior need to change? What regulations, either national or international, might be needed? How should institutions respond?

It’s clear that different regulatory and taxation approaches will be taken in responding to climate change around the world. What might varying methods of pricing carbon mean for corporations and investors? Is there any policy approach around which consensus might be found?

Innovation demands stretching boundaries, taking risks. But most organizations – and societies – are designed to reduce risks and quarantine failures. Is there such a thing as successful failure? What are other key characteristics of innovative organizations?

The attempt to close off the disastrous Deepwater Horizon oil spill in the Gulf of Mexico looks likely to drag through the summer. But what does the spill and its aftermath mean for energy policy, our economic situation and the interaction between government and the private sector?

The New York Forum Taskforces are highly interactive, small discussion groups that will be focused on defining tangible opportunities and solutions. The outputs will be a set of practical, actionable steps for organizations’ leadership teams that will be prerequisites or catalysts for success in the near and long term. Each session will also provide input into the New York Forum Declaration, which will be presented to the G20 at their meeting in Toronto immediately following the Forum.

1. DRIVING EXTRAORDINARY GROWTH IN EXTRAORDINARY TIMES
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2. BUILD RESILIENCE OR ATTEMPT CLAIRVOYANCE: RETHINKING RISK MANAGEMENT
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3. THE NEW TALENT: DEVELOPING, RETAINING, AND EMPOWERING PEOPLE FOR A COMPLEX WORLD
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4. COMPETING IN THE EMERGING-MARKET DRIVEN WORLD: NEW IMPERATIVES FOR BUSINESS
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5. CHANGING THE GAME: REINVENTING BUSINESS MODELS FOR RADICALLY ENHANCED ADVANTAGE
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The most remarkable global shift in the last decade is the steady growth and increasing economic power in China, India and other parts of Asia. Have we moved decisively into the Asian century or is it more a question of a new balance that companies need to find? Is there a risk that Asian growth is the next bubble to pop?

THE END OF INFLUENCE: FOLLOW THE MONEY (Session Summary)
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A key driver in our transition to a very different-looking world economic order is that the money in the world system lies with Asian exporters, oil producers, and, particularly, their sovereign wealth funds. What does this new balance of power mean in terms of cultural and ideological influence in the coming decades?

THE DISRUPTIVE CORPORATION:
FINDING NEW MODELS FOR INNOVATION AND GROWTH (Session Summary)
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Joseph Schumpeter’s notion of creative destruction has become a business cliché, but some industries really do need root-and-branch rethinking. Are there ways to think about new models that prove particularly effective? Where and how do successful new approaches emerge?

Today’s leaders face the dual challenge of navigating their organizations through uncertain, stormy conditions and instilling in their stakeholders and wider community a sense of hope and direction for the future.

CALL FOR ACTION: What are the key outcomes for the G-20 emerging from The New York Forum? How do we confirm the vital role business leaders will play to rebuild confidence and credibility? What is the proper relationship between business and political leaders?

The TimesCenter
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