What are the most exciting things going on in business today?
Daniel Quinn Mills is the Albert J. Weatherhead, Jr. Professor of Business Administration, Emeritus. His tenure at Harvard lasted from 1976 to 2007. He consults with major corporations and governments and lectures about management, leadership, strategy, economics and geopolitics. He is an expert on the differences between Asian and Western leadership styles. An American, Mills is also a member of the Innovation Council of Malaysia, a ministry level council chaired by the Prime Minister.
Mills has been interested in early stage businesses and as a director and investor has helped develop several firms. He has been a director of a publicly listed company, chairing its audit committee for several years. A thought leader, Mills has written books on leadership, geo-politics, investments, capital markets, business strategy, network organizations, demographics, marketing, empowerment, and union relations. His most recent book is Master of Illusions: Presidential Leadership, Strategic Independence and America’s Public Culture, published in 2007 by Cambridge University Press. The book explores America’s role in the world in the aftermath of the second Iraqi War.
Widely and often quoted as well as seen in the national media, Mills has appeared on NBC’s Today Show, and been quoted in articles in The New York Times, Wall Street Journal, Chicago Tribune, Los Angeles Times, and Business Week. He is a fellow of the National Academy of Human Resources.
Question: What are the most exciting things going on in business today?
D. Quinn Mills: The most exciting things are two. One is the continue globalization of the economy and the movement into the global economy of more and more nations and more and more people. Then in enormous expansion, of the real economy in the world, by which I mean that great countries like China and India, large populations, have moved into the global trading economy in the last few years, in a dramatic way and, as a result of that, we have rapid economic growth in improving living standards in areas of the world that many of us never expected to see, and that's the most exciting thing going on. The second most exciting thing are the technological advances, which are just enormous and the extremely important and which are I think in some respects for many of us are the most exciting thing that's going on.
Recorded on: 9/27/07
Globalization has and will continue to be the big story in economics, says Mills.