5 Ways Business Leaders Can Make An Impact In Their Communities

I’m always on the lookout for articles about 5 Ways Business Leaders Can Make An Impact In Their Communities. Here are a few snippets:

Business leaders not only have to manage the day-to-day challenges and risks to operations in their industry, but also navigate the fall-out from several on-going crises – cost-of-living crunch, global economic slowdown, soaring energy prices and climate disasters. And these are just the headline challenges. Shifting business models post-pandemic, as well as changing customer preferences and expectations add to the strategic demands.

Ambition to action

At least two transformational changes have occurred in the past few years: we suddenly face multiple challenges that can’t be deprioritized. They all require our immediate, simultaneous attention. And we have come to realize that many of the challenges humanity faces are interrelated, and as such, often global. At the Forum we are ambitious in our goals, which we convert into action through our work with stakeholders.

Actively hear the changemakers

It has also become evident that only by pooling our resources, skills, knowledge and collective intelligence can we effect change – and deliver impact – on the scale required. The Forum has long recognized the power of bringing many different elements together, reflected in its core multistakeholder philosophy.

Partnership is vital

With the enormity of the size and number of challenges facing today’s leaders, the cost of solutions to address them has escalated. It is not uncommon to read that trillions of dollars are required to decarbonize the economy or fund climate change adaptation measures, which get more expensive the longer we leave them. Clearly this level of funding is beyond the capacity of any single entity – nation, company or otherwise.

Partnering is not only more resource efficient, but it builds capacity, engagement and importantly trust. With this, it can be a multiplier for good, creating models that can be replicated, thereby fostering transformation.

Learn, learn and learn some more

It’s an old adage that we never stop learning, but given the pace of change and the technological transformations shaping our lives, never has the need for lifelong learning and adaptation been as necessary as it is now. Debates about the future of work, and the need to upskill and reskill dominate the discourse, but another facet is learning from and sharing best practice.

Rediscover rather than reinvent the wheel

This may seem a strange tenet in times where disruption is something that we both seem to embrace as well as fear. Why do I suggest going back to basics? The simple fact is that we need to reapply – and in some cases relearn – knowledge that we’ve either lost to time or become divorced from as a result of our modern lifestyle.

The year ahead

Effecting change – creating impact – is often about many small steps. There is no one decisive factor, but instead a lot of moving parts. Today’s business leaders have a difficult task on their hands. They are rightly expected to take responsibility for the impact that their organization has on the planet, and ensure that their organizations are adapting to and shaping the challenges they face. They are by turns firefighters, expert strategists and diplomats. They are expected to lead, but also listen. They are expected to do the right thing, and above all, have a beneficial impact.

Want to know more? Head on over to the full article here for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts at robert@vicleaders.com.au; or call me on 0467 749 378.

Thanks,

Robert