Rt. Hon. David Davis MP addressed PwC's 2018 Business Forum 'Fit for Growth' this morning

21 November, 2018

Addressing the conference on Brexit, Rt. Hon. David Davis MP, said:

"Britain has no intention of becoming the Wild West of de-regulation. We want what we have always wanted - we want a Great Britain where we can look after our people, grow our economy and be a good neighbour."

"Ireland and Britain must and will stay friends and allies."

"The chances of a successful vote on December 12th are as close to zero as you can imagine."

Also addressing the conference, Dr Pippa Malmgren, American Policy analyst who served as Special Economic and Policy Assistant to former President George W. Bush, said: "Certainty and binary thinking cause us to ask which will succeed post-Brexit, the UK or the EU? But, why can’t both be successful using two different business models? If this is true, Ireland will be selling far more to both, and to the rest of the world, going forward and receiving more capital from global investors too."

Pictured are (l-r): Rt. Hon. David Davis MP and Feargal O'Rourke, Managing Partner, PwC.

Pictured are (l-r): Rt. Hon. David Davis MP and Feargal O'Rourke, Managing Partner, PwC.

"Ironically, post-midterms, Trump will turn to foreign policy where Congress cannot tie his hands. Expect big events – a tougher stance on Iran, a possible deal that eliminates the North Korean Nuclear threat and normalises the Korean Peninsula. Just as interest rates rise, military spending is rising too. Defence spending is the new Quantitative Easing."

"Ubiquitous cameras and sensors are now gathering so many data points that we have an entirely new, more precise way of seeing reality than ever before. It’s like a crystal ball. It offers radical transparency. It allows us to conjure forth answers to problems we could not dream of solving before. The data-sphere is changing the balance of power between states and citizens, between companies and customers. The AI-driven crystal ball knows more about you than you know about yourself. The opportunities that come from the new data-driven economy will generate a period of growth and innovation that will dwarf the Industrial Revolution."

With geopolitical shifts including Brexit, the changing tax environment, new competitors, new markets and changing consumer demand reshaping the world of business, the conference also highlighted approaches to enabling sustainable growth in unpredictable times through bold and rapid strategic transformation. It explored how businesses can be Fit for Growth to survive and thrive in a world of constant change and uncertainty.

Also speaking, Feargal O’Rourke, PwC Managing Partner, said: “As CEO of a business employing 3,000 people, serving domestic and international clients, I am very aware of the myriad of difficult issues facing Irish CEOs at this time. Creating a fit organisation with the right culture and values is essential in order to be able to respond to and pre-empt those difficult issues. Fit for Growth goes to the heart of an organisation’s ability to survive and thrive. Through insights and analysis from experienced political, policy and business leaders, the conference explored how organisations can transform their businesses to become Fit for Growth.”

Other speakers included: David McRedmond, CEO, An Post, will discuss the strategic transformation change at An Post. Other speakers and panellists include: Julie Sinnamon, CEO, Enterprise Ireland; John Dolan, Managing Director, Cardinal Capital Group; Frank Gleeson, President, Aramark Northern Europe; Barry Napier, CEO, Cubic Telecom; Karan Sonpar, Professor for organisational behaviour, UCD; Michelle McGreal, Culture, Diversity and Inclusion Lead, AIB Bank; Matt Mani, Fit for Growth Partner, PwC Strategy&, Amsterdam; Frederic Pirker, Partner, PwC Strategy& and European Leader, PwC Strategy& Katzenbach Centre, a global think tank for culture and change.

ENDS

Conference expert panels included
Deal or no deal, led by Paul Tuite, PwC’s Deals Leader & Chief Operating Officer will look at the practical aspects of growing a business through diversification. The session will give an insightful look into the world of acquisitions, mergers and raising capital.

Unlocking performance, led by Matt Mani, Fit for Growth Partner, PwC Strategy&, will focus on enabling sustainable growth through cost and operational transformation. The discussion will highlight tried and tested models and real-life examples on being fit for growth.

Putting your culture to work, led by Frederic Pirker and Paulo Morley-Fletcher, Partners, PwC Strategy&, who have advised hundreds of companies on becoming fit for growth through putting their culture to work, will share their learnings on developing high-performing people and in turn creating high-performing organisations. Publications by the Katzenbach Centre include the 10 principles of organisational culture. The research finds that organisations that focus on what’s best about an organisation’s culture have a higher degree of success.

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