Business Challenges
Current Business Challenges
Our research examined almost 1000 global media, reports and datasets, identifying six consistent and significant challenges facing leaders that can be considered as imperatives for the majority of organizations, irrespective of location, sector, or size.
Further to this, we gathered more than 700 examples of noteworthy activity within these challenges. Each of these exemplify the different roles and nuances of diversity, growth, boldness, and innovation on organizational performance globally.
Through exploration of these six business challenges, we will seek to bring perspective, deepen the debate, and provide some answers to these most pertinent of questions.
Here are the six challenges facing organizations and the types of questions posed by each challenge:
Business continuity amid chaos
Some have boldly flipped the business model, increased remote working, and changed working patterns. But what needs to change, and what has to stay? What more do employers need to do to support staff (and their families)? Do businesses need to be even more diverse and transparent, purpose-driven, and sustainable?
Sustainability and driving profitability
How are environmental, social and corporate governance (ESG) strategies evolving? Who is doing it well? What are the lessons for leaders?
Tomorrow’s workplace
What are the positive growth/reputational/brand impacts of coherent diversity strategy? How can leaders innovate within their approach and mindsets to become more agile, human, and inclusive? What are the new organizational mechanisms and policies? What is the future reality for the physical workplace? What are the expectations for migration back to office-based working?
Improving cyber hygiene
What is working for organizations in terms of cybersecurity? What is next for the protection of business data and assets? What is the real cost of a data breach?
How investing is evolving
What types of current models of investment are thriving or struggling since COVID-19? How have investors modified their models and behaviors to continue to operate in the coronavirus pandemic environment? Which of these changes could become permanent? How are organizations viewing shareholder change?
Technology and trust issues
Are leaders more aware now of the potential pitfalls of embracing technology, because of 2020? Is evolving tech too costly a risk anyway, or does it offer a competitive advantage? During crises have leaders blindly followed technology trends without considering the consequences and privacy issues? Who is leading the way on data ethics?
