Cuban President Miguel Díaz-Canel has urged socialist state-owned enterprises to become more agile, efficient, and competitive — without abandoning their fundamental nature — by leveraging the economic and social transformations currently being driven by the country.
While participating in a seminar with over 50 executives regarding the 176 approved transformations, the president shared his views on the role the country’s leadership assigns to state-owned enterprises.
He discussed the function of their management teams, the importance of active trust, social responsibility, worker participation, and the negative tendencies that must be avoided or addressed.
He emphasized that the management teams of state-owned enterprises require qualified members and must function effectively—free from administrative formalities that act as a drag on innovation and development, or that lead to excessive bureaucracy.
Díaz-Canel noted that the values to be embraced by leadership include a shift in mindset, a sense of ownership, social responsibility, and a commitment to fostering greater worker participation.
During the meeting, held in late September, the head of state reaffirmed the national leadership’s confidence in the business sector’s capacity to contribute to economic development.
He cautioned that this trust comes with a requirement: directors must position....
