Ride the wave in 2024
New Year - New Ideas…
The new year is coming in hot! How do we get ready for what’s to come? Here’s a sneak peek at our BIG 3 IDEAS shaping the world of People, Purpose and Culture.
1. Wellbeing. The new GDP?
The Kingdom of Bhutan has measured their growth since 2008 using the gross national happiness index. It's designed to move beyond GDP measurement, taking a holistic view of social development. Earlier this year Australia released our first National Wellbeing Framework - measuring what matters. The framework created in conjunction with the Integrated Science of Wellbeing from Oxford Press and contributions from 21 experts around the globe. With this macro change in play, it begs the question; how are you adopting this change in your organisation? How are you measuring the wellbeing of your team? Are you rewarding and recognising progression in wellbeing scores? If not now, then when?
2. Growth of the Gig Economy
Made popular by early adopting Tech industry, the idea of fractional work and freelancing is becoming more mainstream by the day. We’re seeing professions from marketing managers to hair stylists, from start-up advisors to C-Suite execs taking the plunge into the gig economy. While there’s still much fear from traditional business models and command and control style Leaders, one thing we know for sure is, the tide is coming in, our question to you is, how will you embrace it and turn this into an opportunity?
3. Will a bot take my job?
For over a decade we can attest to the greatest fear we see in workplaces is the fear of becoming irrelevant. It has always been generational “will the new kid on the block take my job?” And now in 2023, it has a new name - FOBO (fear of becoming obsolete) being driven by the rise in A.I and movements such as the great resignation in 2021 and the mass walkouts in 2023 known as the hot strike summer in the US, UK, Canada and Europe have demonstrated the deepening of that same fear. How to we prevent becoming obsolete? Upskill in ways that bots never can. Care. Love. Compassion. The human skills that drive the need for connection and belonging. A.I can never replace the fundamental human need to feel valued and cared for. How are you realising this in your workplace?
Who’s doing it well?
Strategic planning in the new world of work is about blending foresight, global responsibility, and balanced growth. Here’s how global frameworks can shape how you are doing things differently…
1. Futuristic Insights with CSIRO Megatrends:
Apple's Innovative Leap: Apple effectively utilized the CSIRO Megatrends to anticipate emerging technological shifts. This foresight led to their development of eco-friendly materials in their products, aligning with global sustainability trends and securing their market dominance.
2. Global Impact with UN SDGs:
IKEA's Sustainable Transformation: IKEA integrated the UN's Sustainable Development Goals into its business model. They focused on responsible consumption and production (SDG 12), leading to a comprehensive shift to renewable energy sources and sustainable materials, enhancing their global reputation for environmental stewardship.
3. The WEF's 4 P's for Balanced Growth:
Patagonia's Ethical Success: Patagonia's strategy embraced the World Economic Forum’s 4 P's, particularly excelling in 'Planet' and 'Purpose'. Their commitment to environmental activism and sustainable practices not only boosted their brand integrity but also demonstrated profitable growth aligned with ethical values.
➡️Apple's tech innovation, IKEA's sustainable practices, and Patagonia's ethical approach exemplify how businesses can thrive by aligning with futuristic insights, global goals, and holistic growth models. These real-world successes offer a blueprint for businesses aiming to be both progressive and impactful in the new era of work.
The holiday break is more than a pause; it's a gift of time
How have your experiences this year shaped your understanding of leadership? What lessons can be carried forward into 2024?
Harnessing the Power of Quiet
The quiet of the holiday season is a powerful tool. It allows for introspection and creativity, often lost in the noise of busy workdays. Use this time to brainstorm innovative ideas, set intentions, and plan for a transformative year ahead.
Looking Back to Move Forward
Reflect on the past year's successes and challenges. What strategies worked? What didn’t? This isn’t just about financial analysis; it’s about understanding the impact of your decisions on your team and business culture. This reflection is crucial in shaping a more conscious and effective approach for the upcoming year.
A Call to Action: Leading with Renewed Purpose
As we step into 2024, let’s do so with a renewed sense of purpose. Use the insights gained during this holiday reflection to lead with more empathy, creativity, and strategic acumen. Let’s not just aim for success in the traditional sense but strive to create a positive impact on our teams, communities, and the broader world.
