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Sanlam Investments

48,321 followers

1mo

Exploring Representation and Innovation! How do diversity and innovation influence profitability and productivity in organisations or even in a country’s leadership? At our recent Critical Conversations event, top leaders and emerging visionaries came together to share powerful perspectives on this important topic. Here are the highlights - join the conversation here: http://bit.ly/4ebEvFs #BeTheImpact #TheFUTUREisSustainability #CriticalConversations10

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Similar study a few years ago and they found that companies that employ broadly on race, gender and even religious and sexual orientation had 25% profitability. More profitability. So basically these are two studies that say the more diverse you are, the more successful the business is the Harvard Business Review published on the 5th of January 2023 adds and says. A Gardener study shows that diverse teams are also 30% more productive. So there's a a difference here. There's profitability and productivity. And so that matters as well. So perhaps let's start with that, Ayanda. Let me bring into the conversation. A country like South Africa is a youth dividend. As you said, the average person is below the age of 25. What can we do to utilize that potential? But I thought we have to work together. There's no use in saying that the older generation does not have space in this country because 100% it does. But what we need to do is come together and work together. We need to be agile in how we make decisions and how we execute solutions. What we're finding is that the country is not at a place where they're able to make decisions and execute on them in a timeless manner. We have. Policymakers and those in power still talking about four IR, which is completely outdated at this point. We also have them thinking that for IR is about working from home and using Microsoft Teams, and that is completely a mess. So we need to be agile, we need to be adaptable, but we also need to work together. Craig, I'm going to ask you just to comment on this one because it's a little sidebar joke we had as panelists before we went live, which is, you know, if you're thinking innovation and how to catch up, you can't still have leaders who have yet to craft. Coherent. Internet or AI protocol for South Africa's talking about the four IR. The rest of the world has moved beyond four IR. There are even on the cusp of what they call the quantum age. But if we're just saying to people, ohh, let's get you digitally agile, you've completely missed the point. And if there were younger people in the room, maybe South African leaders wouldn't be talking about the four IR, they would have moved on. Yeah, absolutely. I mean, that's the irony of the situation, right? We speak about for all, but in my work, my consulting work around and inside Africa as well, a lot of companies are still discussing the issues of digitization. And when you look at the digitization isn't A4 art technology, it's a third industrial revolution age technology, which means they're still battling in the second industrial age. So we're not talking about AR quantum, we're talking about, you know, how do we think about space travel and new industries. And we're stuck in this paradigm where we actually essentially in agrarian age trying to move into this and. Absolute Third Point. You think about young people today, the defecto standard is technology. The defector is online. A generation of leaders that are now in the workplace don't know a world with art, Google with art, Facebook with art and the Internet. This needs to be the place where we start, not the place that we aspire towards.

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Sanlam Investments

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