Category, Leadership

Breaking Barriers – Embracing AI and Automation for Business Transformation 4

At the 4th of our round table series co-hosted with Emerge Digital, it was notable how the conversation had evolved over the last year. Business owners are starting to ask questions like: what have other businesses done with AI? what sort of ROI have they had? what has been the impact of AI on people, really? and how can I use AI to develop and improve my business. All too often, though, they are still asking where do I start? We still believe that the adoption of AI is not just about the technology. It is about your business, and where there is opportunity to transform performance and disrupt your industry sector. And that means starting with clear business needs and goals, focusing on leadership and culture, and aligning technology implementation with these objectives. People are the key.

Leadership in Business Crisis | High Growth Knowledge Company

The last few years for business have seemed like one never ending crisis! We suffered a pandemic and adapted to working from home. We have supported our allies in Ukraine whilst adjusting to rising energy prices. And now we are on the cusp of another recession.

  

It just doesn’t seem to end.

 

But we must stand firm and prepare for what’s to come. Leaders must focus on how they can help their businesses thrive and we have come up with a few tips that can help you.

People, Planet, Profit - Why The Bottom Line Matters

For many businesses the bottom line focuses on their financial success. However, in 1994, John Elkington came up with the Triple Bottom Line of People, Planet, Profit, ‘a sustainability framework that examples a company’s social, environment, and economic impact’. Adopting this framework allows businesses to create long-term value by understanding their effect on their people and the planet. Focusing on the ‘three P’s’ and building a sustainable organisation, business leaders are able to meet their objectives with their future needs in mind.

Communication Matters – build a sense of purpose to inspire deep commitment

The most effective way for leaders who think strategically about how to connect team mates to one another, is to do so through a shared purpose.

Organisations that have a culture built on a genuine sense of purpose will inspire deeper commitment and make people feel they are part of something bigger than themselves. Having purpose paves the way to making an emotional connection with each employee at a personal level, giving meaning to every task they undertake, building a ‘commitment culture’, the beating heart of an engaged workforce.

hgkc was born from the realisation that together our combined practical experience and knowledge can offer our clients a broader, deeper and richer experience that will deliver better results faster.