2018 Warrington Lecture

On November 8th, 2018 the Broad College of Business welcomed Deloitte CEO Cathy Engelbert for the 2018 Warrington Lecture. Cathy Engelbert: “Do not aspire to a box or a title. Aspire to lead. If that’s your goal, you’re going to be successful.” Cathy Engelbert joined Eli Broad College of Business Dean Sanjay Gupta to discuss the Deloitte CEO’s perspective about ethics and leadership in the changing realm of business. Dean Sanjay Gupta: “How are leaders thinking about their own businesses when they think about a potential disruption?” Cathy Engelbert: “I think they think about it in three pieces. I call them the 3 D’s: data, digital, and disruption. And it’s the data and digital transformations that are creating the disruption. Obviously, they’re very worried about not anymore who is going to disrupt them but what is going to disrupt them. Obviously, you know the Uber and Airbnb stories, but what else is coming along? Is it AI, social, mobile, blockchain? You name your shiny new tool or technology, and CEOs are wondering what they should be doing. So, how do you, again, partner in this ecosystem of companies who are emerging as startups? But, if you’ve been around for 125 or 150 years, how do you make sure that you aren’t going to be disrupted by those companies, but you participate with them? We call it competimates. So you compete with some of these companies, but you view it as coopetition.” The future of work in the national and international business communities was a topic of conversation during the lecture. For students, Cathy Engelbert maintained that leadership skills will carry them through their careers as technology and the business landscape changes. Cathy Engelbert: “I like to shift the words around a just little bit. Instead of the future of work think about the work of the future. So, the future of work sounds like there might not be some work. The work of the future sounds like we can help shape that. If you look at the half-life of skills today, and what that means is: the skills you’re learning today, by 2030, they’re going to be gone and you’re going to have to reinvent yourself. So, you can have the greatest technical skills, but leadership in the future, that human ingenuity that drives leadership is still going to matter a lot.” Who will build tomorrow’s business? Spartans Will. Broad College of Business

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