Navigating Business Challenges in a Volatile World
In today’s rapidly changing landscape, understanding the drivers behind global volatility is essential for businesses and their legal teams. As Sean West, cofounder of Hence Technologies and author of Unruly: Fighting Back When Politics, AI, and Law Upend the Rules of Business, aptly states, “Everybody understands the world is volatile, but they don’t necessarily understand why it’s volatile or how to deal with it.”
Unraveling the Complexity of Modern Business Challenges
West’s insights come from his extensive experience advising leaders on geopolitical risks. He highlights a critical shift: the concepts and norms established during the globalization era are now eroding. This evolving landscape presents unique challenges and opportunities for businesses of all sizes.
During a recent episode of the podcast LawNext, hosted by Bob Ambrogi, West discussed the intersection of geopolitics, technological advancements, and legal changes. These factors, he asserts, can create significant hurdles that require a proactive and informed approach from organizations and their legal counsel.
Transforming Volatility into Strategic Advantage
According to West, businesses must not only be aware of these changes but should also leverage them to create opportunities. Key discussion points from the podcast include:
– **Importance of Strategic Legal Counsel:** In the face of uncertainty, having informed legal advisors is paramount. Their expertise can help businesses formulate adaptive strategies.
– **Access to Geopolitical Intelligence:** Companies need real-time insights to navigate complexities effectively. This need has led to the development of tools like Hence Global, an AI-powered platform offering tailored risk analysis.
Introducing Hence Global
Hence Technologies recently launched Hence Global, which utilizes AI to assist businesses and their legal teams in managing geopolitical uncertainties. The platform focuses on delivering customized, real-time intelligence that aligns with specific roles within organizations.
West elaborates on how this targeted approach empowers legal teams to better serve clients, enabling them to make informed decisions amidst fluctuating circumstances.
Background of Sean West
Before establishing Hence Technologies in 2020, Sean West held significant positions in the realm of global affairs. As the global deputy CEO of the Eurasia Group, he directed strategies focusing on geopolitical and legal risks, providing valuable insights to CEOs, legal advisors, and investors. Additionally, he contributes to academia as a lecturer at the University of California, Berkeley, School of Law.
Listen and Learn
For those interested in exploring these topics further, the full discussion with Sean West can be accessed here.
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