AESE insight #103

[av_section min_height='' min_height_px='95px' padding='no-padding' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='' bottom_border_style='' scroll_down='aviaTBscroll_down' custom_arrow_bg='#f37421' id='' color='main_color' custom_bg='#ffffff' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av_element_hidden_in_editor='0'][/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='Os obstáculos e oportunidades para impulsionar o papel do veículo fundo na poupança das famílias portuguesas ' tag='h1' style='blockquote modern-quote' size='48' subheading_active='subheading_above' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #103 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/11/3.png' attachment='1703782' attachment_size='full' align='center' styling='' hover='' link='post,11589' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Afonso Barbosa' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Professor da AESE, Alumnus Executive MBA AESE e CFO Azimute Reak / Strategic Planning / Business Transformation [/av_heading] [/av_one_third][av_three_fifth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_textblock size='' font_color='' color='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Os fundos de investimento já foram mais relevantes nos ativos de poupança das famílias portuguesas. No entanto, razões diversas abalaram a confiança nestes veículos de investimento, que representam hoje valores modestos na poupança das famílias, quando comparados com 2008. Será muito difícil que, em Portugal, estes produtos alcancem, nos próximos anos, uma maior representatividade na poupança global das famílias, sem o alinhamento prévio pela indústria de um conjunto de catalisadores de negócio.
Os segmentos dos fundos de investimento e fundos de pensões abertos exemplificam bem os desafios que a indústria portuguesa enfrentará nos próximos anos.
Desde logo, desafios ao nível das capacidades de gestão de investimentos, que são evidentes na análise da performance de longo prazo. Por exemplo, nos últimos 15 anos (até junho 2023), a maioria das categorias de fundos mobiliários – de mercado monetário, obrigações, multi-ativos, entre outras – gerou rentabilidades líquidas anuais inferiores a 1,5%. O registo ao nível dos fundos de pensões abertos não foi distinto. Apenas nas categorias de fundos de ações se obtiveram rentabilidades líquidas superiores, ainda assim, em média abaixo dos 3,0% por ano. Estes dados devem ser interpretados com cuidado – as categorias descritas integram produtos com políticas de investimento e perfis de risco distintos, assim como médias simples escondem produtos específicos com performances muito interessantes em períodos longos. Não obstante, o aumento da penetração deste tipo de produtos na poupança dos particulares depende muito da capacidade de se destacarem, globalmente, como alternativas de aforro atrativas em termos nominais e reais. Este objetivo dependerá de respostas estruturais da indústria, sem as quais a perceção de valor é difícil de sustentar.
Vamos também assistir a outros condicionalismos que poderão dificultar a recuperação da representatividade destes produtos, incluindo em aspetos de contexto externo como os resultantes da evolução nos enquadramentos legislativo e regulatório. Por exemplo, a RIS – Retail Investment Strategy, mais recente proposta de Diretiva da UE, poderá gerar profundas alterações na forma de fazer negócio da indústria, bem como na relação entre os diversos tipos de intervenientes ao longo da cadeia de valor (nomeadamente, entre distribuidores e produtores).
Caminho a seguir
Mas, nos temas que a indústria tem capacidade de influenciar, as melhorias na gestão de investimentos são apenas uma parte, embora crítica, dos aspetos sobre os quais todos os players deverão refletir e atuar. Destacaria também os seguintes:
  • Adaptação das propostas de valor da indústria às necessidades realistas dos clientes: por exemplo, é inequívoco o conservadorismo dos aforradores portugueses, pelo que as sociedades gestoras necessitam desenvolver ofertas que melhor se adaptem a esta característica, como produtos de absolute return, soluções de proteção dinâmica de capital, entre outras. Naturalmente, há um trabalho importante a fazer ao nível da literacia financeira dos aforradores portugueses, mas aumentar o share-of-wallet dos clientes e captar novos aforradores dependerá muito mais da aproximação da indústria às necessidades dos clientes, não o inverso. Neste processo, muitos players terão de tomar decisões difíceis, entre elas a necessidade de a oferta atual evoluir para os extremos do valor acrescentando pela atividade, competindo pelo preço com uma qualidade razoável ou competindo pela diferenciação com preços premium.
  • Num esforço conjunto entre distribuidores e fornecedores de produtos financeiros, reforçar a experiência do cliente nas atividades de poupança e investimento, calibrando abordagens de self-servicing digital e de interação pessoal, em função do tipo, relevância, necessidades e interesses individuais do cliente. Nesta matéria, o papel da tecnologia será incontornável, um dos motivos pelos quais perspetivo elevados investimentos da indústria nos próximos anos.
  • Clarificação da estratégica na distribuição de produtos financeiros. Em Portugal, o canal bancário representa quase 70% da distribuição destes produtos; ao nível do retalho de particulares, este canal representa mais de 85% dos volumes. Mas os principais players são bancos universais, onde o negócio da poupança coexiste com outras linhas de negócio, profundamente distintas, gerando por vezes prioridades de difícil compatibilização. Por exemplo, desde o início de 2022, a prioridade ao crescimento dos resultados de intermediação financeira gerou alterações ao nível da gestão da poupança, com um superior foco na manutenção de uma robusta base de depósitos. Acredito que a clarificação do papel de cada interveniente, no longo prazo, na cadeia de valor da poupança e investimento facilitaria o desenvolvimento da oferta, as decisões de investimento no negócio e, em última análise, o crescimento do mesmo.

É neste contexto que deve ser encarado o papel do wealth management (WM) que, historicamente, está muito associado a clientes do segmento private. No futuro, clientes de diferentes segmentos patrimoniais exigirão maiores capacidades de aconselhamento aos seus prestadores de serviços e produtos financeiros. Neste sentido, acredito que, gradualmente, os serviços de WM servirão uma base cada vez mais alargada de aforradores, embora em formatos distintos e, uma vez mais, com um suporte tecnológico crescente (incluindo, mas para além, de tecnologias como as de robot-advisory).
Por outro lado, o WM evoluirá na identificação de novas formas de servir, passando tanto pelo reforço das capacidades de aconselhamento, quanto por uma visão cada vez mais holística das necessidades do cliente - mais vastas do que a mera rentabilização do património e distintas em diferentes fases da vida. A confluência destas duas tendências no WM gerará, na minha opinião, uma pressão (positiva) crescente nos fornecedores de produtos e outras soluções financeiras recomendáveis.
Os fundos internacionais
A disponibilidade comercial de fundos internacionais gera, naturalmente, um superior leque de opções para os aforradores e proporciona uma concorrência salutar com os operadores domésticos.
Esta oferta deve também ser encarada como positiva por, em alguns casos, proporcionar o acesso a distintas capacidades de gestão de investimentos (a elevada escala do negócio de alguns players internacionais proporciona capacidade de investimento em recursos e tecnologia), sendo um bom exemplo a disponibilidade de ETF no mercado português.
Por outro lado, embora de uma forma muito gradual, os comercializadores nacionais estão a evoluir no conceito de arquitetura aberta de distribuição e, nessa matéria, a disponibilização de produtos internacionais adequa-se bem à estratégia, gerando, potencialmente, maior atratividade e robustez da proposta de valor junto da base de clientes.
Mas a oferta de fundos estrangeiros – apesar do crescimento assinalável no mercado nacional - não é suficiente, como catalisador, de uma superior penetração de produtos de investimento na poupança de particulares. Como referi, nesta matéria o desafio da indústria será, nos próximos anos, muito mais de caráter estrutural e estratégico.

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AESE insight #103

[av_section min_height='' min_height_px='95px' padding='no-padding' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='' bottom_border_style='' scroll_down='aviaTBscroll_down' custom_arrow_bg='#f37421' id='' color='main_color' custom_bg='#ffffff' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av_element_hidden_in_editor='0'][/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='EU Cyber Challenges for the private sector ' tag='h1' style='blockquote modern-quote' size='48' subheading_active='subheading_above' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #103 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/11/4.png' attachment='1703825' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.linkedin.com/in/paulomoniz/' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='Paulo Moniz' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Alumnus Executive MBA e Director of Information Security and IT Risk at EDP - Energias de Portugal [/av_heading] [/av_one_third][av_three_fifth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_textblock size='' font_color='' color='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] The private sector, especially within the European context, encounters numerous cybersecurity challenges. To gain a comprehensive understanding of these challenges, it is essential to acknowledge the particularities of the cyberspace, with focus on the responsibilities for private sector entities in this realm. Given this background, we propose to assess these challenges using a PESTEL (Political, Economic, Social, Technological, Environmental, and Legal) framework, skipping the environmental dimension, which holds less relevance in this specific context.
The cyberspace is a domain crafted by the mankind, possessing distinctive attributes that profoundly alter the role of the private sector within the cybersecurity landscape. Foremost among these considerations is the cyberspace's capacity to erase conventional boundaries, rendering data universally accessible, irrespective of where or who we are at any given time. This abstract layer, commonly recognized as the internet, is exemplified by the myriad applications that facilitate our professional endeavors and supports critical services in our societies or the social networks that enrich our personal lives. These characteristics hold notable implications for the private sector in every domain of analysis, as we shall explore further.
Almost in opposition to this etheric essence that permeates the Internet is, in fact, its tangible nature, supported by physical infrastructures such as servers, cable networks, satellites, antennas and various devices within sovereign territories, often owned by private entities, with dispersed shareholder structures. This infrastructure is fundamental, functioning as the backbone of global connectivity, playing a crucial role in the contemporary dynamics of cybersecurity.
Discussing the private sector encompasses a vast and diverse landscape with various entities fulfilling distinct roles, including service providers, fabricants or utilities of varying sizes and structures. A detailed analysis of each player's nuances would be extensive, so we will emphasize key aspects for consideration.
Political
Starting this analysis by the political domain, the control of internet infrastructure by private companies carries significant political implications for cybersecurity. Notably, tech giants now wield unprecedented power, exemplified by Elon Musk's decision to enable satellite communication support for Ukraine's military operations, profoundly impacting the course of conflict. But in the political domain we might have others type of impacts, like political decisions to ban the use of a type of technology from a specific vendor or the entrusted role of private firms in managing sovereign countries' critical infrastructures, such as energy and communications.
In today's intricate global chessboard, with Europe as a prominent player, private companies face the complex challenge of navigating and adapting to political decisions and actions, striking a delicate balance between their economic interests and the geopolitical factors shaping their responsibilities in the cybersecurity terrain.
Economical
From an economic standpoint, cybersecurity yields a multifaceted impact on the private sector. The expansive EU cybersecurity market, bolstered by the goals outlined in the European Resilience Act and the imperative of establishing a self-reliant supply chain free from reliance on non-European nations, presents substantial challenges for companies within Europe to take the opportunity to innovate, manufacture, and scale hardware and software products.
Conversely, the financial ramifications of cyberattacks can be devasting. Expenses arise from incident response, legal penalties, regulatory fines, and breach recovery efforts. Indirect costs encompass damage to a company's reputation, erosion of customer trust, and missed business prospects, all of which can potentially culminate in bankruptcy. Balancing these economic dimensions is a paramount challenge as private sector organizations navigate the intricate landscape of cybersecurity in the EU.
Social
From the social perspective the most pressing challenge confronting private sector entities is the scarcity of cybersecurity expertise. The global deficit of cyber professionals, numbering in the millions, presents a grave risk not only to a nation's business continuity and security but also to the operations and reputation of countless private companies, exerting a ripple effect on the global economy. Private sector organizations must unite and adopt an ecosystem-wide approach to cultivate a robust cyber talent pipeline for the future. Achieving this goal requires a combination of short- and long-term strategies.
In this context, Generative AI presents an opportunity to enhance cybersecurity efficiency by relieving cyber professionals of mundane tasks while expediting their skills development. Furthermore, within the social sphere, private sector companies must embrace the challenge of developing and offering technology products and services that align with societal values. This entails avoiding the misuse of technologies that foster dependence or erode transparency, among other potential hazards. Striking this balance is essential for preserving both the integrity of technology and the well-being of society.
Technological
The relentless evolution of technology continually reshapes the cybersecurity landscape, exerting profound impacts on organizations. This transformation not only widens the attack surface with the adoption of technologies like IoT devices, cloud computing, and AI-driven tools but also applies immense pressure on the private sector to swiftly embrace new technologies to gain competitive advantages. Consequently, development teams often struggle with tight time-to-market objectives, which can jeopardize cybersecurity controls implementation.
As organizations strive to harness technological innovation, they inadvertently create openings for cyber threats, while attackers capitalize on the same technological advances, exploiting zero-day vulnerabilities and harnessing AI for malicious purposes. Private companies, and European companies are particularly affected, frequently becoming prime targets for ransomware attacks.
In this intricate and frenetic milieu, organizations face the challenge of cultivating cybersecurity teams capable of keeping pace with new technology developments. They must cleverly integrate cybersecurity into their products and solutions, innovating cybersecurity functions along the way. The ultimate challenge for organizations, amidst advancing technology, is to outpace attackers and instill a security-by-design ethos throughout the organization, thereby proactively fortifying their defenses against evolving cyber threats.
Legal
In the legal context, it is widely acknowledged that cybersecurity stands as one of the foremost risks confronting modern societies. The evolving landscape of cyber threats and the tangible impacts of recent incidents have prompted the proliferation of global cybersecurity regulations. Governments, struggling with the complexities of this risk, often respond reactively and locally, giving rise to fragmented regulations that, in some instances, conflict with one another. This regulatory fragmentation imposes increased costs, inefficiencies, and, notably, diverts limited organizational resources away from the core mission of cybersecurity to compliance-related activities.
Organizations must confront the challenge of adopting a rigorous risk-based approach. This approach encompasses not only navigating a complex regulatory landscape but also proactively addressing the prevention, detection, and mitigation of cyber incidents adopting a security-first mindset that inherently results in compliance rather than the reverse.
In conclusion, cybersecurity has emerged as a primary concern for society, with profound implications for the private sector in the most diverse areas of analysis. Collaboration between organizations and governments is essential to mitigate this evolving global risk.

Published in CIO Applications Europe [/av_textblock] [/av_three_fifth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' 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subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Marta Lince Faria Professora de AESE e Alumna PDE | Programa de Direção de Empresas [/av_heading] [/av_one_third][av_one_third min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/11/3.png' attachment='1703782' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-103-2/' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='Os obstáculos e oportunidades para impulsionar o papel do veículo fundo na poupança das famílias portuguesas' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Afonso Barbosa Professor da AESE, Alumnus Executive MBA AESE e CFO Azimute Reak / Strategic Planning / Business Transformation [/av_heading] [/av_one_third][av_one_third min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [/av_one_third][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='As recomendações' tag='h1' style='blockquote modern-quote' size='48' subheading_active='' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''][/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_fourth first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/11/103-AESE-insight-1080x1080.png' attachment='1704009' attachment_size='full' align='center' styling='' hover='' link='manually,http://sloanreview.mit.edu/article/the-burden-of-proof-for-corporate-sustainability-is-too-high/' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='The Burden of Proof for Corporate Sustainability Is Too High' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Sloan Review [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/11/6.png' attachment='1704073' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.iese.edu/insight/articles/design-esg-strategy-smaller-businesses/' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='How to design an ESG strategy for smaller businesses' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] IESE insight [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/11/7.png' attachment='1704149' attachment_size='full' align='center' styling='' hover='' link='manually,http://hbr.org/2023/09/how-deep-tech-can-drive-sustainability-and-profitability-in-manufacturing' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='How Deep Tech Can Drive Sustainability and Profitability in Manufacturing ' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Harvard Business Review [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/11/8.png' attachment='1704217' attachment_size='full' align='center' styling='' hover='' link='' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='Tip of the week' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''][/av_heading] [/av_one_fourth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section]

AESE insight #102

[av_section min_height='' min_height_px='95px' padding='no-padding' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='' bottom_border_style='' scroll_down='aviaTBscroll_down' custom_arrow_bg='#f37421' id='' color='main_color' custom_bg='#ffffff' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av_element_hidden_in_editor='0'][/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='Os artigos e as recomendações' tag='h1' style='blockquote modern-quote' size='48' subheading_active='subheading_above' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #102 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/2.png' attachment='1401960' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-102/' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Inteligência Artificial no Marketing ao serviço do cliente' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Francesco Costigliola Chief Analytics Officer @ CGD | Data & Analytics Executive | Teaching Fellow at AESE Business School [/av_heading] [/av_one_third][av_one_third min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/3.png' attachment='1401962' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-102-2/' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Boas intenções das empresas portuguesas, falta acelerar a prática' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Bruno Proença Director for Sustainability and ESG at JLM&A | Senior Teaching Fellow at AESE Business School [/av_heading] [/av_one_third][av_one_third min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/4.png' attachment='1401964' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-102-3/' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Caeteris Paribus, será um futuro sem carros, realista?' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Pedro Nuno Ferreira Executive Committee Member at BNP Paribas Personal Finance Cetelem | Senior Teaching Fellow at AESE Business School [/av_heading] [/av_one_third][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='As recomendações' tag='h1' style='blockquote modern-quote' size='48' subheading_active='' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''][/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_fourth first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/5-1.png' attachment='1401966' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.forbes.com/sites/forbestechcouncil/2023/09/29/the-power-of-silence-negotiating-tactics-used-by-top-tech-leaders/?sh=57302f945b64' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='The Power Of Silence' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Forbes [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/6-1.png' attachment='1401968' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.forbes.com/sites/kwamechristian/2023/09/19/creative-negotiations-the-key-to-winning-in-business/?sh=7703fc767de3' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Creative Negotiations' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Forbes [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/7-1.png' attachment='1401970' attachment_size='full' align='center' styling='' hover='' link='manually,http://pod.co/this-is-real-leadership/how-to-bring-your-authentic-self-to-work-with-ibukun-awosika' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='How to bring your authentic self to work' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] IESE insight [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/8.png' attachment='1401974' attachment_size='full' align='center' styling='' hover='' link='' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='Tip of the week' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''][/av_heading] [/av_one_fourth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section]

AESE insight #102

[av_section min_height='' min_height_px='95px' padding='no-padding' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='' bottom_border_style='' scroll_down='aviaTBscroll_down' custom_arrow_bg='#f37421' id='' color='main_color' custom_bg='#ffffff' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av_element_hidden_in_editor='0'][/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='Inteligência Artificial no Marketing ao serviço do cliente' tag='h1' style='blockquote modern-quote' size='48' subheading_active='subheading_above' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #102 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/2.png' attachment='1401960' attachment_size='full' align='center' styling='' hover='' link='post,84302' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Francesco Costigliola' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Chief Analytics Officer @ CGD | Data & Analytics Executive | Teaching Fellow at AESE Business School [/av_heading] [/av_one_third][av_three_fifth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_textblock size='' font_color='' color='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Nos últimos anos temos vindo a assistir à evolução exponencial dos algoritmos de Inteligência Artificial. Estas inovações tecnológicas têm vindo a abrir novas possibilidades de aplicação e alargado a abrangência das soluções já presentes nas organizações. O Marketing não é exceção.
Para melhor analisarmos as diversas aplicações, torna-se necessário definir alguns conceitos transversais. As soluções tecnológicas podem ser classificadas em clássicas ou generativas, sendo que a primeira diz respeito à aplicação de modelos descritivos e preditivos em dados maioritariamente estruturados e a segunda família de soluções refere-se ao desenvolvimento de algoritmos capazes de gerar conteúdo a partir de uma base de informação não necessariamente estruturada (i.e., texto, áudio, imagem e vídeo). O impacto destes desenvolvimentos pode ser direto ou indireto – no caso do Marketing, o impacto é direto quando afeta diretamente a relação que as organizações têm com os seus clientes e indireto quando o impacto das soluções é maioritariamente interno com reflexo no serviço prestado ao cliente.
No Marketing, as soluções clássicas com impacto direto são utilizadas maioritariamente para customizar o contacto com os clientes e aumentar a relevância dos conteúdos apresentados à “jornada" do cliente. Estas soluções concretizam-se, por exemplo, em modelos de propensão a adquirir um produto, subscrever um serviço, cancelar o contrato, fazer um upgrade ou reter um cliente. Quando se fala em soluções clássicas com impacto indireto no cliente, o foco passa para os processos internos em que se procura uma melhoria do processo, melhoria essa que acaba por ter um impacto indireto no cliente. Neste caso podem ser incluídas soluções que melhorem o tempo de resposta ao cliente, disponibilizem uma nova funcionalidade, classifiquem a prioridade de tratamento de reclamações, apenas para nomear alguns exemplos.
No âmbito das soluções generativas, desde o lançamento do ChatGPT e sucessivamente de outras soluções por parte da Google e da Meta, começaram a ser apresentadas diversas aplicações relevantes.
No Marketing, as soluções generativas com impacto direto no cliente concretizam-se, maioritariamente, na disponibilização de soluções capazes de gerar conteúdos no contacto com o cliente. Alguns exemplos são os assistentes virtuais de voz ou de texto acessíveis diretamente pelos clientes, na obtenção de informações ou para resolução de eventuais problemas ou dúvidas relacionadas com produtos e serviços. As soluções generativas podem, ao mesmo tempo, ter impacto indireto no cliente quando aplicadas com vista à desmaterialização de processos internos ou na geração de conteúdos de texto ou imagem para suportar eventuais campanhas de comunicação. Alguns exemplos destas técnicas com impacto indireto no cliente são o desenvolvimento de algoritmos de linguagem natural para leitura automática de documentos, reduzindo o tempo de resposta ao cliente, ou de soluções de suporte aos agentes de contact center que, a partir da chamada em curso, conseguem dar sugestões de conteúdos que o agente possa apresentar ao cliente.
Independentemente do tipo de aplicações, quando se fala em Inteligência Artificial aplicada direta ou indiretamente a clientes é fundamental assegurar que as soluções implementadas garantam a segregação no acesso à informação (i.e., segurança) e evitem que dados históricos com deficiências éticas do passado se propaguem nos modelos do futuro (i.e., ética), bem como garantam que o recetor do resultado destas soluções tenha a possibilidade de conhecer as ferramentas e os dados utilizados (i.e., transparência).
A aprovação dos diversos regulamentos que enquadram o tratamento de dados pessoais (RGPD) e o desenvolvimento de soluções de Inteligência Artificial (AI Act) por parte da União Europeia tem vindo a aumentar a consciencialização e abertura para novas aplicações, permitindo um impacto ainda mais significativo nas áreas de interação com o cliente e eficiência nos processos das organizações.
É expectável que a Inteligência Artificial transforme a forma como trabalhamos, automatizando tarefas rotineiras e permitindo que as pessoas se concentrem em atividades mais criativas e estratégicas. As ferramentas alimentadas por Inteligência Artificial ajudarão os profissionais a analisar grandes quantidades de dados, identificar tendências, resumindo conteúdos e ajudando a tomar melhores decisões.
É fundamental, no entanto, que esta evolução tecnológica seja acompanhada por uma definição regulatória que garanta ética, segurança e transparência dos desenvolvimentos.

Artigo publicado na Briefing [/av_textblock] [/av_three_fifth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/3.png' attachment='1401962' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-102-2/' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='Boas intenções das empresas portuguesas, falta acelerar a prática' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Bruno Proença Director for Sustainability and ESG at JLM&A | Senior Teaching Fellow at AESE Business School [/av_heading] [/av_one_third][av_one_third min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/4.png' attachment='1401964' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-102-3/' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='Caeteris Paribus, será um futuro sem carros, realista?' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Pedro Nuno Ferreira Executive Committee Member at BNP Paribas Personal Finance Cetelem | Senior Teaching Fellow at AESE Business School [/av_heading] [/av_one_third][av_one_third min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [/av_one_third][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='As recomendações' tag='h1' style='blockquote modern-quote' size='48' subheading_active='' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''][/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_fourth first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/5-1.png' attachment='1401966' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.forbes.com/sites/forbestechcouncil/2023/09/29/the-power-of-silence-negotiating-tactics-used-by-top-tech-leaders/?sh=57302f945b64' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='The Power Of Silence' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Forbes [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/6-1.png' attachment='1401968' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.forbes.com/sites/kwamechristian/2023/09/19/creative-negotiations-the-key-to-winning-in-business/?sh=7703fc767de3' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Creative Negotiations' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Forbes [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/7-1.png' attachment='1401970' attachment_size='full' align='center' styling='' hover='' link='manually,http://pod.co/this-is-real-leadership/how-to-bring-your-authentic-self-to-work-with-ibukun-awosika' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='How to bring your authentic self to work' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] IESE insight [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/8.png' attachment='1401974' attachment_size='full' align='center' styling='' hover='' link='' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='Tip of the week' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''][/av_heading] [/av_one_fourth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section]

AESE insight #102

[av_section min_height='' min_height_px='95px' padding='no-padding' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='' bottom_border_style='' scroll_down='aviaTBscroll_down' custom_arrow_bg='#f37421' id='' color='main_color' custom_bg='#ffffff' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av_element_hidden_in_editor='0'][/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='Boas intenções das empresas portuguesas, falta acelerar a prática ' tag='h1' style='blockquote modern-quote' size='48' subheading_active='subheading_above' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #102 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/3.png' attachment='1401962' attachment_size='full' align='center' styling='' hover='' link='post,6760' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='Bruno Proença' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Director for Sustainability and ESG at JLM&A | Senior Teaching Fellow at AESE Business School [/av_heading] [/av_one_third][av_three_fifth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_textblock size='' font_color='' color='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] O BEI divulgou um inquérito a empresas europeias e norte-americanas, com dados para Portugal. Os resultados nacionais extremam as conclusões globais: as empresas já não conseguem negar os impactos das alterações climáticas no seu negócio, mas as suas ações são ainda insuficientes e, em muitos casos, hesitantes.
O tema da Sustentabilidade é um organismo vivo. Não nasceu ontem. O estudo com profundidade, patrocinado pelas Nações Unidas, que levou ao nascimento do conceito de “desenvolvimento sustentável” vem dos anos oitenta do século passado. E surge já na sequência do relatório “Os limites ao crescimento”, publicado pelo Clube de Roma em meados dos anos setenta do século XX.
A grande mudança, sobretudo desde o fim da década passada, é que a temática da Sustentabilidade democratizou-se. Na sequência das COP, cimeiras sobre as alterações climáticas organizadas pelas Nações Unidas, o tópico da sustentabilidade e do aquecimento global entrou definitivamente na agenda dos vários stakeholders. Já não é somente um assunto das políticas públicas dos governos, ao invés é relevante para todos, incluindo as empresas. É, neste contexto, que surge a terminologia ESG – a Sustentabilidade deve ser vista em três pilares: ambiente, social e governance. No fundo, o ESG, hoje tão contestado, é uma tentativa de traduzir os Objetivos de Desenvolvimento Sustentável (ODS) para uma “linguagem” mais empresarial, mais própria de gestores e investidores.
Mais relevante do que as terminologias ou os acrónimos da moda, é o contributo das empresas para a Sustentabilidade. Neste aspeto, não devem residir dúvidas. Os objetivos fixados para a área ambiental, como a neutralidade carbónica em 2050, para a área social e de governance são tão ambiciosos e requerem alterações tão profundas, que todos temos de contribuir. O setor privado não pode ficar de fora, agarrado à velha máxima de Milton Friedman de que o fim último das empresas é apenas remunerar os acionistas.
Um estudo do Banco Europeu de Investimento (BEI), “EIB Investment survey 2023”, divulgado na semana passada, contém um conjunto de dados muito reveladores da forma como as empresas estão a gerir os impactos das alterações climáticas. O estudo resulta de um inquérito a 13.000 empresas de países membros da União Europeia e igualmente dos Estados Unidos, que foi realizado já este ano.
Assim, 64% das empresas reconhecem que a sua atividade já é afetada pelos riscos associados às alterações climáticas, mas apenas cerca de metade (36%) afirmam que adotaram medidas para mitigar este risco, sendo que 13% recorreram a seguros.
E em que áreas têm as empresas implementado medidas? Aqui não há surpresas. Cerca de 90% das organizações inquiridas responderam que já adotaram medidas para reduzirem as emissões de gases com efeitos de estufa, 59% medidas para aumentar a eficiência energética e 67% ações para a gestão de resíduos e potenciar a reciclagem. Ou seja, o estudo do BEI confirma que as empresas começam pelas ações mais fáceis.
O mais difícil é transformar o modelo de negócio. Neste aspeto, somente 32% das empresas inquiridas afirmam estar a investir em novos produtos e tecnologias mais “verdes”. E pior, quando questionados como encaram as alterações nas regulamentações e a fixação de novos standards, apenas 29% dos inquiridos respondem que é uma oportunidade, contra 33% que falam num risco para o seu negócio.
Ainda assim, o estudo deixa uma nota positiva: 56% das empresas pretende continuar a investir nestas áreas nos próximos três anos.
Portugal segue a tendência
O estudo do BEI tem também dados para as empresas portuguesas, que seguem a tendência europeia e norte-americana. As organizações nacionais são mesmo as segundas, depois de Espanha, a reconhecerem que os eventos climáticos têm impacto na sua atividade – 79%, o que fica acima da média. A fotografia é menos brilhante quando as respostas reportam a ações concretas. Somente cerca de 50% das empresas portugueses afirmam terem planos de investimento para mitigarem os impactos das alterações climáticas. E quando falamos em ações na área energética – medidas para melhorar a eficiência e auditorias nos últimos três anos –, Portugal cai para a segunda metade da tabela entre os países participantes no inquérito do BEI.
Os valores para Portugal extremam as conclusões globais: as empresas já não conseguem negar os impactos da agenda da Sustentabilidade no seu negócio, mas as suas ações são ainda insuficientes e, em muitos casos, hesitantes. Olhando para o copo meio cheio, vários estudos de diversas organizações confirmam que o tema está na agenda dos gestores, investidores e empresários. Observando a parte meia vazia, muitos ainda estão a esperar para ver, esquecendo que hoje já é mais caro não fazer nada do que atuar.
A mudança para as empresas será inevitável, nomeadamente por pressão de diversos stakeholders: o poder político aprovou nova legislação e regulamentações; o sistema financeiro exigirá cada vez mais informação não financeira às empresas para avaliar o seu risco; e os consumidores são mais exigentes. (Vamos tratar cada uma destas fontes de pressão para as empresas nas próximas semanas.) O contexto de negócio está já a mudar. Provavelmente, é melhor atuar mais cedo do que tarde.

Artigo publicado no Negócios [/av_textblock] [/av_three_fifth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' 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[av_heading heading='Creative Negotiations' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Forbes [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/7-1.png' attachment='1401970' attachment_size='full' align='center' styling='' hover='' link='manually,http://pod.co/this-is-real-leadership/how-to-bring-your-authentic-self-to-work-with-ibukun-awosika' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='How to bring your authentic self to work' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] IESE insight [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/8.png' attachment='1401974' attachment_size='full' align='center' styling='' hover='' link='' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='Tip of the week' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''][/av_heading] [/av_one_fourth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section]

AESE insight #102

[av_section min_height='' min_height_px='95px' padding='no-padding' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='' bottom_border_style='' scroll_down='aviaTBscroll_down' custom_arrow_bg='#f37421' id='' color='main_color' custom_bg='#ffffff' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av_element_hidden_in_editor='0'][/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='Caeteris Paribus, será um futuro sem carros, realista?' tag='h1' style='blockquote modern-quote' size='48' subheading_active='subheading_above' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #102 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/4.png' attachment='1401964' attachment_size='full' align='center' styling='' hover='' link='post,11647' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Pedro Nuno Ferreira' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Executive Committee Member at BNP Paribas Personal Finance Cetelem | Senior Teaching Fellow at AESE Business School [/av_heading] [/av_one_third][av_three_fifth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_textblock size='' font_color='' color='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] O tema da mobilidade está na ordem do dia e uma questão que se coloca sobre este ecossistema é: um futuro sem carros será realista? Quando falamos de mobilidade, é necessário ter em conta os diversos atores que participam no setor – consumidores e clientes empresariais, construtores, marcas, comerciantes e oficinas, instituições financeiras, empresas de aluguer de mobilidade, plataformas digitais, o Estado, entre outros – sendo que alguns podem mesmo desempenhar mais do que um papel.
Comecemos por caracterizar a realidade das famílias portuguesas: maioritariamente habitam nas periferias dos principais centros urbanos, têm que se deslocar para a empresa pois o teletrabalho não é uma realidade transversal e homogénea… Dependendo do setor em que trabalham e da “tipologia” das famílias (com ou sem filhos), as diversas realidades conduzem a uma diferente abordagem à mobilidade. Por outro lado, a falta de resposta da rede de transportes em algumas localidades leva, muitas vezes, à necessidade de utilização de um automóvel ou uma moto. Por último, não podemos deixar de ter em conta a ideia de que existem (muitos) cidadãos que gostam das vantagens oferecidas por estes veículos, gostam de os conduzir ou do conforto e flexibilidade que proporcionam na deslocação.
Há, ainda, que ter em consideração as principais tendências do setor. O financiamento deste mercado vale sensivelmente 3 mil milhões de euros, sendo que o financiamento de viaturas diminuiu cerca de 7% entre maio e junho de 2023 e os carros usados representam 2/3 deste mercado. Outro dado importante, da @Associação Automóvel de Portugal (ACAP), mostra que a venda de carros novos cresceu 42% no primeiro semestre de 2023 comparativamente ao período homólogo. A grande novidade é: quase metade destas novas compras (46,5%) corresponde a veículos movidos por energias alternativas. Podemos assim afirmar que, entre veículos novos e usados, atualmente verifica-se uma tendência crescente e muito significativa na procura de formas de motorização mais ecológicas.
No que concerne à oferta de mobilidade suave – motos e bicicletas elétricas, bicicletas e trotinetas –, verifica-se também um crescimento, a par de um aumento do recurso às modalidades de aquisição com financiamento ou aluguer. Paralelamente, os dados mais recentes divulgados pelo Observador Cetelem Automóvel 2023 revelam que os portugueses estão também a complementar a utilização do seu carro com outras formas de transporte (48%), sobretudo transportes coletivos, mas também modos de mobilidade suave, ainda que de forma menos expressiva.
À luz do Caeteris paribus, – expressão em latim usada em Economia sobre o método de análise aos comportamentos dos mercados em que apenas uma variável se move, ficando as restantes fixadas – sabemos igualmente que o futuro mais ou menos próximo trará uma redução nos preços. Se tudo o resto ficar constante, poderemos então dizer que assistimos à clara viragem do atual panorama da mobilidade nacional? Acreditamos que sim.
Neste caminho, o Estado está a fazer por garantir uma rede de transportes públicos verde e mais eficaz, trabalhando para atingir a meta europeia de disponibilizar, até 2026, postos de abastecimento elétricos a cada 60 quilómetros nas principais estradas, e a cada 100 quilómetros para os de hidrogénio até 2028, e oferendo incentivos fiscais a quem opta por um carro destas gamas. Paralelamente, outros atores fundamentais rumam à diminuição da pegada ecológica da mobilidade, assegurando, por exemplo, que os novos veículos são cada vez mais sustentáveis e que o seu preço – ainda elevado para a maioria dos agregados – deixe de ser um travão, para que estas viaturas passem a ser acessíveis para todos.
Tendo em conta estas considerações, podemos tirar algumas conclusões. Primeiro, a construção de uma mobilidade enquanto pilar do desenvolvimento urbano sustentável requer a colaboração de diferentes entidades.
Depois, as opções de mobilidade dos cidadãos dependem dos contextos e dos seus utilizadores. Assim, poderemos dizer que, um futuro sem carros, ainda não será uma realidade que possamos ver no horizonte, pois está dependente de alterações profundas e culturais às estruturas existentes, à organização social, familiar e do trabalho.
Em terceiro, será seguro afirmar que, no que toca à mobilidade, todos os seus pilares são essenciais para alicerçar o nosso futuro: viatura própria, transportes públicos e meios de locomoção leves. Juntos, complementam-se e garantem robustez ao desenvolvimento sustentável urbano e não urbano, porque permitem as ligações em rede das pessoas e das famílias, entre as suas casas, os locais de trabalho, de estudo e de lazer.
Quanto às instituições financeiras, cabe-lhes continuarem a fazer a sua parte: acompanhar as necessidades dos portugueses. É o que o ecossistema da Mobility tem vindo a fazer, apoiando os parceiros que distribuem, convictos de que só em estreita cooperação caminharemos, enquanto sociedade, rumo a uma mobilidade mais sustentável.

Artigo publicado no Novo [/av_textblock] [/av_three_fifth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' 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color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''][/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_fourth first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' 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AESE insight #101

[av_section min_height='' min_height_px='95px' padding='no-padding' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='' bottom_border_style='' scroll_down='aviaTBscroll_down' custom_arrow_bg='#f37421' id='' color='main_color' custom_bg='#ffffff' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av_element_hidden_in_editor='0'][/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='Os artigos e as recomendações' tag='h1' style='blockquote modern-quote' size='48' subheading_active='subheading_above' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #101 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/101-AESE-insight-1080x1080-FC.png' attachment='1151642' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-101-2/' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='As Business Schools e a Paz' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Maria de Fátima Carioca Professora de Fator Humano na Organização e Dean da AESE Business School [/av_heading] [/av_one_third][av_one_third min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/101-AESE-insight-1080x1080-ET.png' attachment='1151672' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-101-2/' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='The Fed’s balancing act' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Eduard Talamàs Assistant Professor of Economics, IESE Business School [/av_heading] [/av_one_third][av_one_third min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/101-AESE-insight-1080x1080-GSA.png' attachment='1151694' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-101-3/' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='O poder da organização na Agricultura' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Gonçalo Santos Andrade Presidente da Portugal Fresh e Diretor do Programa GAIN – Direção de Empresas da Cadeia Agroalimentar da AESE Business School [/av_heading] [/av_one_third][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='As recomendações' tag='h1' style='blockquote modern-quote' size='48' subheading_active='' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''][/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_fourth first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/5.png' attachment='1151837' attachment_size='full' align='center' styling='' hover='' link='manually,http://hbr.org/2020/10/storytelling-can-make-or-break-your-leadership' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Storytelling Can Make or Break Your Leadership' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Harvard Business Review [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/6.png' attachment='1151888' attachment_size='full' align='center' styling='' hover='' link='manually,http://hbr.org/2003/06/storytelling-that-moves-people' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Storytelling That Moves People' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Harvard Business Review [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/7.png' attachment='1151917' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.toaststudio.com/en/6-types-of-stories-for-powerful-brand-storytelling/' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='6 types of stories for powerful brand storytelling' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Toast Studio [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/101-AESE-insight-1080x1080-1.png' attachment='1152098' attachment_size='full' align='center' styling='' hover='' link='' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Tip of the week' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''][/av_heading] [/av_one_fourth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section]

AESE insight #101

[av_section min_height='' min_height_px='95px' padding='no-padding' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='' bottom_border_style='' scroll_down='aviaTBscroll_down' custom_arrow_bg='#f37421' id='' color='main_color' custom_bg='#ffffff' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av_element_hidden_in_editor='0'][/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='As Business Schools e a Paz' tag='h1' style='blockquote modern-quote' size='48' subheading_active='subheading_above' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #101 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/101-AESE-insight-1080x1080-FC.png' attachment='1151642' attachment_size='full' align='center' styling='' hover='' link='post,5307' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='Maria de Fátima Carioca' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Professora de Fator Humano na Organização e Dean da AESE Business School [/av_heading] [/av_one_third][av_three_fifth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_textblock size='' font_color='' color='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Há já quem fale de uma terceira guerra mundial, com um perfil baseado em ocorrências múltiplas e dispersas. Na realidade, desde o fim da segunda guerra mundial, têm proliferado, um pouco por toda a parte, as guerras de índole regional. São efetivamente muitas e espalhadas por todo o mundo. Contudo, “substancialmente, envolvem-nos a todos”, como referiu recentemente o Papa Francisco. Pensemos, só para citar alguns exemplos, no Ruanda, em África ou Myanmar, na Ásia. Há pouco tempo, enfrentámos um novo desafio, desta vez na Europa, com a guerra ainda em curso na Ucrânia. E agora, fomos surpreendidos com o explodir do confronto permanente entre a Palestina e Israel …
A História ensina-nos que onde a guerra passa, ou se instala, mata todos sem exceção, arrasa tudo sem exceção. É sempre uma calamidade perante a qual todos perdem. E, por isso mesmo, sempre que acontece um novo incidente, ficamos chocados e condenamos a própria guerra. Mas passa-se lá longe… e, tranquilamente, desligamos do assunto e regressamos à nossa rotina ... Este é um grande risco: irmo-nos, pouco a pouco, “habituando” a conviver com a guerra e o seu rasto longínquo de luto e destruição. As mortes, as pessoas nunca podem ser tomadas como abstrações. Todas estas guerras, como qualquer guerra, são cruéis e sem sentido e não podem deixar de nos interpelar como humanidade e de nos reativar o anseio profundo de unidade.
Diria ainda mais, ao considerar as ameaças que enfrentamos – incluindo naturalmente a guerra, mas também as alterações climáticas, a energia, a água, a desigualdade social e tantos outros desafios globais – os estados, as empresas, as instituições, a sociedade parecem, em geral, sem vontade, incapazes de dialogar e colaborar no sentido de encontrar soluções políticas (as únicas possíveis) que seriam desejáveis e tão necessárias! Parece faltar uma cola moral suficientemente convincente para unir as organizações, ou melhor dito, as pessoas.
No entanto, existem sinais de esperança. Vivemos, recentemente, momentos que nos marcaram em sentido oposto. Recordo dois exemplos. Durante a pandemia, todos testemunhámos um movimento global de solidariedade e a concertação de esforços mundiais para chegar a uma solução rápida, segura e democrática. Também durante a JMJ Lisboa 23, vimos jovens e bandeiras desfilar, muitos vindos de países em guerra entre si. Em concreto, e entre muitos outros, estiveram presentes jovens da Ucrânia e da Rússia, jovens da Palestina e de Israel, lado a lado. A diferença entre estas situações e as situações de conflito foi, em cada um dos exemplos, a existência de uma causa maior, comum, grande e magnânima, aglutinadora da vontade de cada uma das partes. A guerra ou o terrorismo não são assim porque têm, em si mesmas, a raiz da desunião, o seu ideal não considera o bem de todos e os meios que utilizam muito menos.
A mesma esperança encontramos ao nível de muitas empresas e pessoas. Cada vez há mais empresas a colocarem-se metas exigentes a nível ambiental e social para além do financeiro. Por outro lado, cruzamo-nos diariamente com pessoas, de todas as gerações, empenhadas em deixar um legado fecundo ao longo da vida, em contribuir com um impacto positivo para o mundo. E fazerem disso o seu propósito de vida. E ser esse o motor que as faz crescer, desenvolver o seu potencial e realizarem-se plenamente.
Recordo uma ideia de Juan Perez Lopez, professor do IESE já falecido, brilhante teórico do fator humano nas organizações, conhecido de todos os Alumni da AESE. Perez Lopez, numa das suas notas técnicas, expressava a esperança de que os empresários “sejam os construtores do futuro, pois é isso que a realidade concreta exigirá”. A razão, para ele, era muito simples. Acreditava que as (boas) empresas estão bem preparadas para resolver problemas de forma eficiente e esperava que, por isso mesmo, fossem (sentissem-se) também chamadas a desempenhar um papel cada vez mais importante na resolução dos grandes desafios da sociedade.
A sua teoria lembra-nos que as pessoas não se movem apenas por interesse próprio, mas são também seres sociais, movidos por motivos intrínsecos e necessidades transcendentes. E estas necessidades transcendentes só podem ser satisfeitas contribuindo para o bem comum, para o bem-estar dos outros. Os ensinamentos de Perez Lopez apresentam uma visão abrangente da motivação humana, oferecendo uma estratégia segura para, na empresa, construir a confiança, trazer o melhor de todos enquanto pessoas e atender às necessidades reais de todos os stakeholders e da sociedade. Uma boa liderança implicará, assim, não apenas alcançar bons resultados nos negócios, mas também desenvolver as pessoas, uma a uma, e unir a organização, no dia-a-dia, em torno de uma razão de ser boa que a transcende, que a inspira e a catalisa ao serviço de todos pelos quais é responsável.
Viver este tipo de liderança na primeira pessoa é, desde logo, transformador para o próprio líder, abrindo caminho para uma maior realização pessoal, mas também criando uma maior unidade e coesão em toda a organização.
Tudo isto pode parecer idealista, mas a verdade é que unirmo-nos em torno de um propósito bom que considere o bem de todos pode ser, provavelmente, a melhor esperança que temos para construir o futuro, seja ele em família, na empresa ou em sociedade.
Enquanto líderes, num mundo complexo como o que vivemos, devemos procurar unir as pessoas, começando pelas que colaboram connosco na empresa. Esta abordagem não garante o sucesso empresarial. Era bom, mas não é verdade porque há muito mais variáveis presentes na equação. Mas, o que é garantido é que, no final do dia, nos sentiremos melhor como pessoas e como membros da instituição, por termos trabalhado nesse sentido.
Do meu ponto de vista, as Business Schools como a AESE desempenham, neste contexto, um papel muito importante e relevante, apresentando um modelo de liderança realista, aspiracional e gratificante para um mundo empresarial que exige ser transformado. Vendo mais longe, esta mudança de paradigma de liderança é também a própria chave do caminho para a paz. E a preparação de líderes com tais características é a mais profunda contribuição das Business Schools para a concretização da paz. E não podem demitir-se de o fazer: formar verdadeiros líderes, capazes de encontrar soluções inclusivas e construir a paz. Uma paz que é desejada por muitos, mas, sobretudo, é merecida por todos os que são confrontados com a complacência, mundial e individual, ante a guerra que vivem diariamente.

Artigo publicado no Jornal de Negócios [/av_textblock] [/av_three_fifth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/101-AESE-insight-1080x1080-ET.png' attachment='1151672' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-101-2/' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='The Fed’s balancing act' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Eduard Talamàs Assistant Professor of Economics, IESE Business School [/av_heading] [/av_one_third][av_one_third min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/101-AESE-insight-1080x1080-GSA.png' attachment='1151694' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.aese.pt/aese-insight-101-3/' target='' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading tag='h3' padding='10' heading='O poder da organização na Agricultura' color='' style='blockquote modern-quote' custom_font='' size='' subheading_active='subheading_below' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size=''] Gonçalo Santos Andrade Presidente da Portugal Fresh e Diretor do Programa GAIN – Direção de Empresas da Cadeia Agroalimentar da AESE Business School [/av_heading] [/av_one_third][av_one_third min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' 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radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/5.png' attachment='1151837' attachment_size='full' align='center' styling='' hover='' link='manually,http://hbr.org/2020/10/storytelling-can-make-or-break-your-leadership' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Storytelling Can Make or Break Your Leadership' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Harvard Business Review [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/6.png' attachment='1151888' attachment_size='full' align='center' styling='' hover='' link='manually,http://hbr.org/2003/06/storytelling-that-moves-people' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Storytelling That Moves People' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' 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AESE insight #101

[av_section min_height='' min_height_px='95px' padding='no-padding' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='' bottom_border_style='' scroll_down='aviaTBscroll_down' custom_arrow_bg='#f37421' id='' color='main_color' custom_bg='#ffffff' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av_element_hidden_in_editor='0'][/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='The Fed’s balancing act' tag='h1' style='blockquote modern-quote' size='48' subheading_active='subheading_above' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #101 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/101-AESE-insight-1080x1080-ET.png' attachment='1151672' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.iese.edu/faculty-research/faculty/eduard-talamas/' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Eduard Talamàs' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Assistant Professor of Economics, IESE Business School [/av_heading] [/av_one_third][av_three_fifth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_textblock size='' font_color='' color='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] The U.S. must tread carefully to avoid losing its most important asset: credibility.
This week, the policymaking body of the Federal Reserve (the Fed) met in Washington, D.C., to discuss whether to raise one of the most important and closely watched prices in the world: the federal funds rate. (This is the interest rate at which U.S. commercial banks borrow and lend their excess reserves to each other overnight, and it affects the cost of borrowing worldwide.) Ultimately, the Fed decided to keep its target interest rate at around 5.5% — a 22-year high.
The recent sharp increases in the federal funds rate (it was essentially zero just 18 months ago) are wreaking havoc around the world. Indeed, with the global debt pile north of $300 trillion, there is plenty of pain to go around. For example, sub-Saharan Africa is suffering what the International Monetary Fund (IMF) has called a “big funding squeeze,” with almost half of the region’s countries either in or at high risk of debt distress, and the value of most currencies in the region plummeting.
No wonder everyone is asking how much higher interest rates will go, and whether they will come back down anytime soon. In this article, I will not answer this question (I’m sorry, unfortunately no one really knows the answer). Instead, I will shed light on the challenges involved by describing two balancing acts being played by the Fed at the moment.
The first balancing act is the one that Fed Chair Jerome (Jay) Powell usually emphasizes in press conferences: The interest rate that really matters for economic activity is the expected real interest rate; that is, the nominal interest rate minus the expected inflation rate. In normal times, when inflation is relatively stable, changes in nominal interest rates translate roughly one-to-one with changes in the real interest rate. But these are not normal times.
At the moment, inflation seems to be coming down, so it might be the case that real interest rates are increasing even if the nominal interest rate is staying put. If so, we might be heading for a cooling of the economy and disinflation. It might even turn out that the Fed has been too hawkish (in the sense that it has hiked too much and/or too fast) and we end up landing hard. Alternatively, it might be that inflation is not significantly coming down after all, so that the real interest rate is not going up either. If so, the Fed might have been too dovish (the opposite of hawkish), and we might be heading for more activity and a reacceleration of inflation. A balancing act indeed.
The second balancing act is, I think, more fundamental, and is rarely acknowledged in press conferences, so it is the one that I am going to focus on in the rest of this article.
It’s mostly fiscal
There is a joke among economists that the International Monetary Fund is referred to as IMF as a reminder that, when an economy requires IMF assistance, more often than not "It’s Mostly Fiscal." Accordingly, the balancing act that I highlight is mostly fiscal.
The U.S. federal government has run fiscal deficits for 46 out of the last 50 years. Public debt is around 120% of Gross Domestic Product (GDP). The current fiscal deficit is north of 5% of GDP, and the Congressional Budget Office (CBO) projects that the fiscal deficit will remain at these levels for the foreseeable future (its projections go until 2033). Whether this situation is sustainable depends, of course, on the price that the U.S. government has to pay to service its debt. This depends, in turn, on investors’ expected returns from buying U.S. government bonds. Here, the credibility of U.S. institutions plays a critical role. In particular, there are two factors that have greatly contributed to U.S. fiscal sustainability in recent decades: the Fed’s credibility and the U.S. Treasury’s credibility.
Thus, many investors largely believe the Fed when it says that it will maintain price stability in the U.S., so they are not too worried about the value of the dollar changing dramatically, and hence they do not require significant risk premia to lend dollars. Likewise, many investors largely believe the Treasury when it promises that it will honor its debts, so they do not require significant risk premia to lend to the U.S. government.
The dovish risk: losing the Fed’s credibility
If the Fed is too dovish, and it allows inflation expectations to drift away from its 2% target, it can damage its most valuable asset: credibility.
For example, suppose that everyone comes to understand that 4% is the new 2%, so that the Fed will allow inflation to stay around 4% for some time. This is a slippery slope: If we shift from 2% to 4% now, what ensures that we won’t shift from 4% to 8% next time around?
These kinds of worries might contribute to higher economic uncertainty for everyone, which is bad enough, but also to higher interest rate risk premia for the U.S. government.
The hawkish risk: losing the Treasury’s credibility
If the Fed is too hawkish, it can damage the Treasury’s most valuable asset: credibility.
For example, suppose that, in order to keep inflation at 2%, the Fed has to keep interest rates at a level at which public debt grows faster than GDP. In this case, some people might start to wonder whether debt defaults are on the horizon. These kinds of worries might lead investors to demand higher risk premia when lending to the U.S. government.
Do you recognize the vicious circle here? These higher risk premia might lead to more worries about debt sustainability, and higher risk premia, and more worries, and so on. This is the infamous vicious circle that has taken so many governments down before.
The Fed’s balancing act
The Fed, as well as many other central banks around the world, is facing a complex balancing act.
First, the current uncertain trajectory of inflation implies that the Fed does not really have a good grip on the real interest rate. As a result, it is balancing the risk of raising the federal funds rate too fast, which would bring the economy down hard, with the risk of raising the federal funds rate too slowly, which would let inflation persist or even reaccelerate.
At the same time, and more fundamentally, the Fed is balancing — and will be balancing for the foreseeable future — its own credibility with the Treasury’s. This is a difficult balancing act because credibility is hard to earn but easy to lose. It is also a high-stakes balancing act because, given the high levels of public debt and persistent U.S. fiscal deficits, damaging the credibility of either institution could represent a serious blow to the stability of the U.S. economy in general and the sustainability of U.S. public finances in particular.
For the sake of the global economy, let’s hope that the Fed manages to balance these acts successfully.

Published in IESE insight [/av_textblock] [/av_three_fifth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' 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subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #100 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_fourth first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/5.png' attachment='1151837' attachment_size='full' align='center' styling='' hover='' link='manually,http://hbr.org/2020/10/storytelling-can-make-or-break-your-leadership' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Storytelling Can Make or Break Your Leadership' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Harvard Business Review [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/6.png' attachment='1151888' attachment_size='full' align='center' styling='' hover='' link='manually,http://hbr.org/2003/06/storytelling-that-moves-people' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Storytelling That Moves People' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Harvard Business Review [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/7.png' attachment='1151917' attachment_size='full' align='center' styling='' hover='' link='manually,http://www.toaststudio.com/en/6-types-of-stories-for-powerful-brand-storytelling/' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='6 types of stories for powerful brand storytelling' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Toast Studio [/av_heading] [/av_one_fourth][av_one_fourth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/101-AESE-insight-1080x1080-1.png' attachment='1152098' attachment_size='full' align='center' styling='' hover='' link='' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Tip of the week' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''][/av_heading] [/av_one_fourth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section]

AESE insight #101

[av_section min_height='' min_height_px='95px' padding='no-padding' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='' bottom_border_style='' scroll_down='aviaTBscroll_down' custom_arrow_bg='#f37421' id='' color='main_color' custom_bg='#ffffff' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av_element_hidden_in_editor='0'][/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='O poder da organização na Agricultura' tag='h1' style='blockquote modern-quote' size='48' subheading_active='subheading_above' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] AESE insight #101 > Thinking ahead [/av_heading] [/av_one_full] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av_element_hidden_in_editor='0'] [av_one_third first min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_image src='https://www.aese.pt/wp-content/uploads/2023/10/101-AESE-insight-1080x1080-GSA.png' attachment='1151694' attachment_size='full' align='center' styling='' hover='' link='post,3859' target='_blank' caption='' font_size='' appearance='' overlay_opacity='0.4' overlay_color='#000000' overlay_text_color='#ffffff' animation='no-animation' admin_preview_bg=''][/av_image] [av_heading heading='Gonçalo Santos Andrade' tag='h3' style='blockquote modern-quote' size='' subheading_active='subheading_below' subheading_size='15' padding='10' color='' custom_font='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] Presidente da Portugal Fresh e Diretor do Programa GAIN – Direção de Empresas da Cadeia Agroalimentar da AESE Business School [/av_heading] [/av_one_third][av_three_fifth min_height='' vertical_alignment='av-align-top' space='' margin='0px' margin_sync='true' padding='0px' padding_sync='true' border='5' border_color='' radius='0px' radius_sync='true' background_color='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_textblock size='' font_color='' color='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' admin_preview_bg=''] A junção de esforços e a colaboração entre empresas traz sempre resultados positivos. E, num país com uma dimensão pequena, pouca disponibilidade de terra, e em que a média das explorações agrícolas não chega aos 14 hectares, a cooperação entre empresas é uma necessidade há muito urgente. A organização da produção mudaria, da noite para o dia, a dinâmica económica da agricultura, dos produtores e de um setor que gera inegável riqueza e conhecimento, mas que está ainda muito aquém do seu real potencial.
Em 1997 (há 26 anos!), com a criação da Organização Comum de Mercado para as frutas e legumes, os produtores foram incentivados a organizarem-se através de Organizações de Produtores: um mecanismo que reforça a sua orientação para o mercado, aumenta a competitividade, a escala e o valor do que produzem. Os programas operacionais (PO) foram criados para facilitar este processo e o grau de adesão foi muito diferente entre os Estados-membros da União Europeia. Os países que perceberam, desde logo, as vantagens do poder de colaboração conseguiram aumentar o seu poder negocial, remunerar melhor os produtores e criar estruturas fortes que respondem às necessidades dos clientes e dos consumidores. Bélgica e Países Baixos são os melhores exemplos (na Bélgica o grau de organização chega aos 90%); na União Europeia a média de organização e valor da produção comercializada através de OPs, situa-se nos 50%. Infelizmente, Portugal não acompanhou a tendência e, hoje, apenas 20% da produção está organizada.
Somando a pouca organização, à necessidade - também urgente - de uma renovação geracional, estamos perante dois enormes desafios do setor agroalimentar que importa ultrapassar. Segundo o INE, 53% dos produtores singulares têm idade igual ou superior a 65 anos. A formação contínua ao longo da vida deve ser, por isso, uma prioridade ainda mais vincada no setor agroalimentar e, programas como o GAIN - Direção de Empresas da Cadeia Agroalimentar, da AESE Business School são instrumentos de conhecimento fundamentais para dotar os agricultores de maior capacidade de análise e decisão, competências em liderança e gestão de equipas, conhecimento sobre ferramentas financeiras, modelos de negócio ou estratégias de internacionalização. Tratam-se de competências fundamentais para enfrentar o mercado global.
Do lado político, é urgente criar mecanismos que incentivem os produtores a integrarem Organizações - com programas mais ambiciosos e menos burocráticos - e promover a formação ao longo da vida. Os produtores têm, também, de ver vantagens reais no poder da organização, da concentração da oferta e no aumento da sua escala e consequente força negocial. E não esquecerem que o conhecimento também é poder.

Artigo publicado no Dinheiro Vivo [/av_textblock] [/av_three_fifth][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_section min_height='' min_height_px='500px' padding='default' shadow='no-shadow' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' bottom_border_diagonal_direction='scroll' bottom_border_style='scroll' scroll_down='' custom_arrow_bg='' id='' color='main_color' custom_bg='' src='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' video_mobile_disabled='' overlay_enable='' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' 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src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [/av_one_third][av_hr class='default' height='50' shadow='no-shadow' position='center' custom_border='av-border-thin' custom_width='50px' custom_border_color='' custom_margin_top='30px' custom_margin_bottom='30px' icon_select='yes' custom_icon_color='' icon='ue808' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide=''] [/av_section] [av_one_full first min_height='' vertical_alignment='' space='' custom_margin='' margin='0px' padding='0px' border='' border_color='' radius='0px' background_color='' src='' background_position='top left' background_repeat='no-repeat' animation='' mobile_breaking='' mobile_display=''] [av_heading heading='As recomendações' tag='h1' style='blockquote modern-quote' size='48' subheading_active='' subheading_size='12' padding='15' color='custom-color-heading' custom_font='' 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