
The senior partner of Virtus Partner was the special guest in the second panel of this year, which addressed the importance of making things simpler to compete in a disruptive environment.
During the second meeting of the 2024 "Capital Markets Conversations,", Marcelo Larraguibel, senior partner of Virtus Partners, talked about "Making things simpler to compete in a disruptive environment," where he highlighted how the simplification of processes and structures allows organizations to respond rapidly to changes and leverage opportunities in a market characterized by constant innovation and growing competition.
The meeting, held at the offices of Depósito Central de Valores, welcomed DCV's clients and relevant stakeholders of the financial industry. The event, hosted by DCV's General Manager Rodrigo Roblero, was an interesting instance for analysis that promotes relevant discussions for the industry and its link with financial market issues that are currently important for society.
Based on recent data and his vast experience, Larraguibel noted that 65% of CEOs have seen their businesses highly disrupted in the last year, and 87% anticipate that their industry will undergo moderate to considerable changes in the next three years.
"The increasingly complex external context is putting pressure on companies to adapt. Organizations that do not simplify run the risk of losing competitiveness" said Larraguibel. To address this reality, he stressed the importance of eliminating redundant activities, simplifying hierarchical structures, and automating repetitive processes.
He also stressed the fact that adopting a culture of simplicity not only improves agility and productivity but also enables organizations to respond more quickly to market changes. "Simplifying is necessary, but not enough; it is also key to continuously innovate to adapt and thrive in a disruptive environment," he added.
Rodrigo Roblero pointed out that currently, for executives, "the key challenge lies in how to simplify the decision-making processes within companies, ensuring that both boards and senior executives have clearly defined roles that are aligned with that vision."
There was consensus among attendees that these types of conversations are much needed to foster the exchange of ideas, generate new perspectives, and find innovative solutions to the challenges faced by the industry as it adapts to a digitally transformed environment.
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