What makes a great company | Investment Conference 2025 | Norges Bank Investment Management

This episode explores the multifaceted nature of great companies, emphasizing the critical roles of culture, leadership, and operational excellence. Against the backdrop of market volatility and technological advancements, industry leaders share insights on sustaining long-term success. More significantly, the discussion pivots to the importance of a strong, enduring corporate culture, highlighting Goldman Sachs' partnership structure and cultural stewards program as examples of reinvestment in company values. In contrast, Novo Nordisk emphasizes innovation driven by a clear purpose and core capabilities, while Otis underscores the significance of operational discipline and a focused business model centered on service. The episode further examines the balance between preserving core values and embracing change, the necessity of a clear operating model, and the value of experimentation in driving progress, concluding that greatness is a function of deliberate choices made by leaders over time.