A recent report in The Economist estimated that the 50 largest urban areas contain only 7% of the world's population but produce 40% of its economic output. Major urban areas are hotbeds for innovation, sources for talent and driving changes in patterns of demand for goods and services. Business leaders need to understand the urban landscape and shape strategies to reflect these growing trends.

To provide greater insights on this topic, Christian Beaudoin, Managing Director, Research, Strategy, Site Selection at JLL, discusses what companies need to consider when selecting a city, and Mark Hacker, Executive Vice President, General Counsel and Chief Administrative Officer at Motorola Solutions, shares how Motorola's move from the suburbs has benefited the company.