In a world where time is as valuable a resource as
capital, the ability to make decisions quickly has become a determining factor
for success in business. The recent measures implemented by Donald Trump,
characterized by an almost dizzying speed, stand in stark contrast to the
bureaucratic sluggishness that defines the European Union (EU). This contrast
not only highlights the differences between two approaches to leadership and
management but also offers a critical lesson for the business world:
well-considered decisions, executed swiftly, are key to seizing opportunities
and staying competitive. The EU, with its cumbersome administrative machinery
and endless processes, is demonstrating—almost as a case study—how bureaucracy
can become the enemy of progress.
Since his return to the U.S. presidency, Donald Trump
has rolled out a series of economic policies, such as imposing tariffs on
exports from other countries. These decisions, regardless of their merits or
long-term consequences, stand out for the speed with which they have been
announced and set into motion. In a matter of weeks, Trump has turned campaign
promises into concrete actions, sending a clear message: in a dynamic global
environment, agility can be a decisive strategic advantage.
On the other hand, the European Union, with its 27
member states and its need for consensus, is trapped in a system that
prioritizes exhaustive deliberation over immediate action. When Trump announced
his tariffs, Brussels’ response was swift in only one sense: a verbal
condemnation and a promise to “respond firmly.” However, European leaders have
acknowledged that any countermeasure they undertake will require extensive
negotiations among member states—a process that could take months or even years
before translating into effective policies. This sluggishness is not new; it is
an inherent feature of the EU’s structure, where decisions must pass through
multiple bureaucratic filters, from the European Commission to the Council and Parliament,
not to mention consultations with national governments.
In the business world, this dichotomy carries profound
implications. The companies that succeed are those capable of carefully
analyzing their options—considering risks, benefits, and available data—without
becoming paralyzed in the process. Reflection is essential, but indecision is
fatal. A market opportunity, such as a new customer niche or a temporary
competitive edge, doesn’t wait for an organization to finish debating
internally. If a company takes too long to launch a product, adjust prices, or
respond to a competitor, the moment passes, and success slips away. Trump, with
his direct style and readiness to act, embodies this mindset, while the EU,
with its measured approach, illustrates the dangers of letting bureaucracy
dictate the pace.
This isn’t about advocating for impulsive or poorly
prepared decisions. Speed without analysis can lead to disaster, as evidenced
by numerous cases of companies that have failed by rushing forward without a
solid strategy. The key lies in striking a balance between rigorous evaluation
and agile execution. Successful organizations establish processes that enable
informed decisions within short timeframes: dedicated teams, real-time data,
and a culture that values action over procrastination. In contrast, the EU
shows how an excess of administrative layers and a constant quest for consensus
can dilute responsiveness, leaving its businesses and citizens at a
disadvantage against faster competitors.
Trump’s tariffs provide a perfect example. While the
United States implements its measures and reshapes global trade in its favor,
the EU remains mired in internal discussions about how to respond. By the time
European countermeasures take effect, the economic damage may already be done,
and U.S. companies could have solidified their position. In business terms,
this delay would equate to losing market share or allowing a rival to leap
ahead with a disruptive innovation. The lesson is clear: time is a strategic asset,
and those who fail to manage it effectively will fall behind.
Bureaucracy, as exemplified by the EU, isn’t just a
governmental problem; it also plagues many companies that, in their effort to
avoid mistakes, create rigid structures and endless processes. Yet success in
the 21st century belongs to those who can adapt to the pace of change.
Thoughtful decisions are indispensable, but it’s the speed of their
implementation that makes the difference between seizing an opportunity and
regretting its loss. As Trump charges ahead at full speed, the EU serves as a
reminder that, in an accelerated world, slowness isn’t just inefficiency—it’s a
recipe for failure.
A journey through the history of the pharmaceutical industry and one of its great laboratories that had its origins in Alfred Nobel...