Many high-level executives surround themselves with people who have a similar background, education, and outlook on business. When it comes to making decisions, this group of people think in the same way, leading to unchallenged decisions. Known as ‘groupthink’, this phenomena has been proven to lead to poor decisions.
In the latest in our series of essential reads ahead of the Women in Leadership Forum and the Pharma Insight Briefing on Diversity & Innovation, which will take place this October 5th and 6th during the CPhI Congress in Barcelona, Janice Reals Ellig argues that adding women and people from ethnic backgrounds to these groups can lead to better decision making. And there is sound evidence to show that putting more women at the top has a positive impact on the bottom line.
Does the presence of women in decision making bodies in your organisation lead to better business? Borderless Consultants Rosalie Harrison, June Nilsson and Niels-Peter van Doorn will present at the Women in Leadership Forum and Pharma Insight Briefing, and would love to hear your thoughts via Twitter @borderlessexec #WomeninLeadership or LinkedIn http://bit.ly/2aAevd8
We’ve all worked for bosses who could have been better — in some cases much better — but inexplicably they remain in charge. Barbara Kellerman has been studying that phenomenon for much of her career. Her latest book, “Leadership from Bad to Worse: What Happens When Bad Festers,” is both a cautionary tale and a call to action.
CEOs are spending more time on making the business case for their environmental and social commitments, and they’re building more rigorous mechanisms for addressing thorny issues and mitigating PR risks. To avoid communications missteps, CEOs should ensure they have the organizational capabilities and tools in place to monitor and analyze emerging issues and to gauge the sentiment of key stakeholders.
The vast majority of business leaders responding to a recent survey said they’re concerned they can’t train employees quickly enough to keep up with AI and tech developments in the next three years. A similar amount said AI and other tech disruptions will require companies to rethink skills, resources and new ways of doing work.
