As Joe Biden seeks to “build back better” and remake America’s global image, what will be the biggest challenge for the new US president?
Maren Schweizer
CEO
Schweizer World Pte Ltd
President Biden’s challenges are comparable to those of a chief restructuring officer (CRO).
Firstly, it is about stabilising the Covid-19 pandemic in the country. Secondly, pressure-test the ”business-plan” to find optimal restructuring options in a time of incredible change. Thirdly, develop and negotiate proposals with a complex group of stakeholders internationally and internally with competing objectives and opposing views as to the end state.
One challenge is to make the American population understand and endorse a new world order driven by accelerated digital transformation and a more assertive China: Thinking ”partnership” and not ”competition” will be a success factor.
Above all, a CRO/Biden serves as an honest broker to quickly instill trust and confidence among all stakeholders.
