What Matters Most

Trump lost congress. What changes for global business?

5 hours ago • by Tim Quigley in What Matters Most • Podcast availablePodcast available

After the US midterms, what changes for global business? IMD President David Bach on trade, AI, uncertainty, and the new rules of leadership....

The U.S. Midterms have delivered a historic political upset, handing Democrats control of both chambers of Congress. But does that mean greater stability for businesses around the world? Or could new political pressures on trade, technology, and the economy create fresh risks?

IMD President David Bach joins Tim Quigley to examine what the election means for companies around the world, from potential reversals of U.S. tariffs to tougher scrutiny of AI investments. He also challenges the assumption that a change in Washington, D.C. will reverse the deeper forces reshaping the global economy: “We’re not going back to a more stable, predictable world.” Bach explains why resilience may now matter more than efficiency, why new opportunities are emerging across non-Western markets, and how organizations can turn uncertainty into a competitive advantage.

Despite political upheaval, Bach makes a compelling case for optimism as “a really, really important leadership capability” and explains why it’s important to ask in the next board meeting: “what doesn’t change?”

What Matters Most – the new podcast by IMD

The most important questions facing leaders today deserve more than headlines. Every week, IMD professors Hana Milanov and Tim Quigley invite faculty and voices beyond the campus for a cutting-edge conversation, helping leaders understand what is changing, why it matters and what to do about it.

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Expert

David Bach

David Bach

President of IMD and Nestlé Professor of Strategy and Political Economy

David Bach is President of IMD and Nestlé Professor of Strategy and Political Economy. He assumed the Presidency of IMD on 1 September 2024. He is working to broaden and deepen IMD’s global impact through learning innovation, excellence in degree- and executive programs, and applied thought leadership. Recognized globally as an innovator in management education, Bach previously served as IMD’s Dean of Innovation and Programs.

Authors

Tim Quigley

Professor of Strategic Leadership and Governance

Timothy J. Quigley is Professor of Strategic Leadership and Governance at IMD. His research focuses on corporate governance, CEO succession, executive decision-making, and the factors that shape leadership effectiveness. Quigley helps leaders navigate uncertainty by improving decision processes and addressing the cognitive biases that influence judgment. His work has been published in leading journals, including Strategic Management Journal, Academy of Management Journal, and Organization Science, and featured in major media outlets such as the Financial Times and The Washington Post. Before entering academia, he built a career in consulting and technology, helping organizations leverage emerging digital technologies.

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