Failure to develop leaders is one of the biggest threats to global business growth

Failure to develop leaders is one of the biggest threats to global business growth

Leading the social enterprise — Reinvent with a human focus

Intensifying economic, social, and political issues are challenging organizations to reinvent themselves as social enterprises, engaging with stakeholders and cultivating performance in a human way.

In 2019, an intensifying combination of economic, social, and political issues is challenging business strategies. Faced with the relentless acceleration of artificial intelligence (AI), cognitive technologies, and automation, 86 percent of respondents to this year’s Global Human Capital Trends survey believe they must reinvent their ability to learn. After nearly 10 years of economic growth,1 and despite a pervasive corporate focus on digital transformation, 84 percent of respondents told us they need to rethink their workforce experience to improve productivity. And in the face of new pressures to move faster and adapt to a far more diverse workforce, 80 percent believe they need to develop leaders differently.

Organisations are no longer assessed based only on traditional metrics such as financial performance, or even the quality of their products or services.

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Rather, organisations today are increasingly being judged on the basis of their relationships with their workers, their customers, and their communities, as well as their impact on society at large – what we see is a transformational shift from business enterprises into social enterprises.

 

Resource Reference: Deloitte

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