“Innovate or die” has never been more true than in the last eight months.
The global health crisis and social upheaval have come together as parallel catalysts for widespread digital and social transformation, forcing companies around the world to adapt and innovate in order to survive. Challenges this great also provide great opportunity for growth and change. But companies must be mindful in navigating these challenges. Reactivity cannot be the impetus for change. Rather forethought, sensitivity, and responsiveness should drive meaningful advancement.
Employees at all levels of an organization must put their own self-interest to the forefront, as more jobs are in danger in the event of a second wave of COVID-19. Are you prepared to survive this challenge?
Additionally, in the last few months, there has been a noticeable shift in the way large corporations are interacting with their communities. Corporate giving has increased, but seemingly as a result of a genuine empathy and concern, rather than simply filling a line item on the annual report. Is that just about keeping up appearance, or will we see this trend continue?
Next-gen enterprises have to fully embrace ethics, diversity, and social causes, as Gen Y and Z workers (and customers) care about these issues and want to feel fully enfranchised and engaged. These stakeholders insist that corporations must serve society.
The concept of “stakeholder capitalism” isn’t new, but many companies have been reluctant to go down this road. We’ve seen over the past decade that companies can thrive and succeed by placing the needs of employees, customers, the environment, suppliers, taxpayers, and communities OVER the ever-present and ever-hungry pocketbook of the shareholder. The not-so-surprising outcome is that these businesses create profits in the process.
So why are many global corporations shy to adopt this way of thinking? It goes without saying that in order for companies to evolve, first and foremost leaders must evolve and adapt.
- So what does leadership 2.0 look like?
How are digital and social transformation pathways intertwined as companies move through current global challenges?What is the role of large organizations in social transformation? How should that role be changing in the next 5-10 years?Where does diversity among leaders come into play?Is unconscious bias something we need to watch out for?Join us as we dig into these questions and more with David Germain, the CIO of RSA Group. Coming from a humble background and working his way up through the ranks, David has a unique perspective on ways that leaders can succeed by shifting their thinking away from profit and toward prosperity. We will hear his personal story (including twice overcoming being made redundant) and how he uses his position to affect meaningful change.