‘Having the right liquidity will be a critical component of future-proofing businesses’ – Stephanie Fabri

Stephanie Fabri specialises in strategic management and public policy, and has a wealth of knowledge and experience in applying economics to firms, consumers and communities in both private and public sectors. She is also a non-Executive Director at IZI Finance plc and a Board Member of the Malta Stock Exchange plc and the Environment and Resources Authority.

“In recent years there has been a collective realisation that the global environment is being characterised even more by Volatility, Uncertainty, Complexity and Ambiguity (VUCA). The world thought that COVID-19 was the perfect embodiment of VUCA, however the current war in Ukraine is yet another reminder of how these elements characterise our reality.

“The answer in dealing with VUCA rests with VUCA 2.0: Vision, Understanding, Courage and Agility. Vision is the ability to see through the fog and plan ahead for a changed future, while leaders must understand their organisation’s strengths and potential blind spots to strategise. Courage is the audacity to make decisions based on calculated risks, with the agility to change and adapt.

“For companies aiming for growth in 2023, the adage that ‘cash is king’ remains true. Having the right liquidity will be a critical component of future-proofing businesses and building their resilience. Plus, we need to work more to integrate primary industries such as fisheries, aquaculture and agriculture into the general economic ecosystem, particularly after COVID-19 highlighted the importance of food security.”

This feature was first carried in the MaltaCEOs 2023 print publication, the sister brand to MaltaCEOs.mt, both produced by Content House Group