The Covid crisis has touched almost everyone on the planet, and the Industrial sector is no exception. It has led to both depression at lockdowns and falling numbers and anticipation at the potential for transformation and new opportunities.
IRC Global Executive Search Partners held an exclusive virtual roundtable for sector leaders from all around the world to understand their approach to the crisis and facilitate the exchange of best practices to help draw strength from this unprecedented pandemic and be better prepared for the new environment.
According to our guest speakers, how companies learn from this experience, how they respond…
Ever wonder what the impact of your reputation is? Think about the people whom you most admire. What do you find appealing about their combination of personal attributes, values, drivers, strengths and passions? It is this combination of things that define their reputation. So how about yourself? What word best describes you? Would it be the same word others use to describe you? If so, that word is most likely your reputation and your reputation is your personal brand.
Like it or not, you are a brand. You shape your brand with every interaction, every room you enter, hand you…
The current criticism of the World Health Organisation for their handling of the COVID-19 pandemic highlights a major issue for the way NGOs must operate in the future.
The WHO, as most considered observers would agree, has done an incredible job over the years of its formation in protecting the most vulnerable. I have seen this firsthand with the work we do with NGOs in our Asia Pacific region. However, in this politicised and polarised world, it is becoming increasingly difficult for NGOs to operate to their mandate, particularly when issues of their funding and independence are called into question.
We find ourselves in a time that is unfortunately affected in all aspects of our lives by an invisible threat. It’s a threat that not only affects human health, but has entered people’s minds with devastating effect, upsetting their psychological balance and the economic health of society, and as a result posing existential questions by part of the population itself.
Today, the most important thing is to adopt a rational view of the future — what to expect, what will change and how we will be able to adapt to the ‘New Era’ with all it will bring.
If there’s anything we’ve learned from crises since the Great Depression, it’s that companies that choose to transform and innovate are those that will continue to thrive and grow. A study by the Boston Consulting Group (BCG) showed that companies that invested significantly in innovation delivered 4% higher shareholder value when the economy recovered from 2007–2012.
While the natural response of every leader is to take rapid action that’s crucial for survival as well as defend the financial position of the business, each crisis is also an opportunity to occupy new positions and build new advantages. …
The velocity with which the fourth industrial revolution is progressing is now challenging manufacturers to roll up their sleeves even further to keep the momentum going as they achieve various milestones along their digital journey.
Early successes have increased many companies’ appetites for further digital exploration and investment. However, the current labour and trade uncertainties within the global manufacturing industry could stall digital progress. Therefore, in recent months, many companies have shifted their efforts toward digital projects that build agility and scalability to help them manage risk.
Digital “empowerment” can be one of the leverage points to increase flexibility in…
Today the Technology industry is an exciting place to be. Innovating constantly and evolving rapidly, it finds solutions for complex business needs. Immense competition is impacting organizations from all directions and balancing the pulls and counter-pulls is a critical task.
Speaking with Technology industry experts and leaders, we noticed a shift away from how they saw major challenges last year. The current decade will be full of surprises.
As per the study, the top 8 challenges that will impact in the 2020s, are:
Yet while every business leader knows this, not everyone knows what to do about it, and this uncertainty can give rise to ineffectual and even counter-productive responses.
On an intellectual level, business leaders and entrepreneurs know that they must act, as treading water is not an option. On a practical level however, many, if not most businesses, simply don’t know where to grasp and where to let go.
The question then is: How does one identify the as-yet-unknown opportunities that will inevitably emerge with the shifting tides, and what does one do to protect against the impact of technological disruption?
The Deloitte Global Millennial Survey released last year analyses millennial behaviour in ways better than those previously explored. As a ‘generation disrupted’, the survey points out how they are breaking away from traditional ‘success markers’ like raising a family or buying a house to travelling the world and serving their communities. And like everything else, their attitude to jobs and organisations is also no different.
In the survey report, Michele Parmelee, Deloitte Global Chief Talent Officer, says, “Millennial uncertainty is reflected in their personal views on business, government, leadership and the need for positive societal change agents. …
Multinational companies who want to succeed need to hire staff effectively in foreign countries. You can’t force someone to join your company. And even if you can, you can’t force someone to be fully engaged and enjoy the work.
Introducing a new position to a person is essentially providing them with a new job opportunity.
When you introduce a new position correctly, you help the possible candidate decide it is worth considering and say yes to explore the opportunity further. Sales expert Jeffery Gitmore says:
“People don’t like to be sold, but they love to buy.”
In this post, you’ll…