Countries with lower GDP complained that wealth alone did not adequately measure a society’s relative success. Thus, was born the OECD’s Better Life Index, the World Happiness Report and many other indices. Other indices measure the societal components that lead to relative success, such as the Economic Freedom Index, the World Bank’s Doing Business report, and in today’s example, the Legatum Prosperity Index. The Doing Business report enables governments to focus on components in which they score low. In some respects, the Legatum index is similar but less specific. Looking at the 47 countries that scored highest in Legatum’s 2020 assessment, the number one determinant of scoring higher, as usual, is th...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.