Newsbook
Hector Spiteri | Malta Institute of Management
The Malta Institute of Management held its 57
th Annual General Meeting on 31 May 2021.
During the meeting the council highlighted the challenges faced by the Institute mainly related to the pandemic. In spite of the fact that most of the activities were put on hold, the MIM managed to maintain financial stability and increase its staff complement.
During the reported period the MIM engaged into new activities and collaborated with various entities. During the AGM it was stated that most of the activities were possible due to various organisations assisting the MIM amongst other Quasar Trust Fund, KPMG, FJV and associates, Maltapoint Limited and Erremme Business Advisors.
The crisis we are experiencing has a triple face: a global health emergency and a resulting serious economic situation accompanied by an increasingly urgent climate catastrophe. Crises mark transitions and turning points and it is exactly at these turning points that crises become productive.
This is the moment when we can remove the aftertaste of catastrophe and use it as a ‘decisive turning point’, as per the meaning of the Greek word
krisis.
As a nation, we need to start seeing this point in time as an opportunity from an economic perspective.
As we recover, our end goal must go beyond the usual focus on GDP. We must go beyond and focus on well-being which, in turn, needs prosperity to be able to happen. When trying to unlock prosperity and to see why countries fare better than others, studies show that it boils down to competitiveness.