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
BCG analysis has found that among the 20 largest private equity (PE) fund portfolios, an average of 20% of assets are exposed to geopolitical risk (for several funds, the percentage is much higher). Companies must contend with three main areas of risk exposure: cross-border value chains, strategic sectors, and climate regulation and policies.
A group of global CEOs recently gathered for a private dinner in a Spanish restaurant in central Tokyo, representing a variety of sectors spanning food, insurance and banking, medical devices, semiconductors, and heavy industries like steel. These are six topics that dominated the evening’s discussion.
“Despite playing a significant role in organizations, HR is being left out of the conversation on AI adoption,” according to the report. That’s a mistake because HR leaders can help develop a strategic and holistic approach that considers the benefits, risks and objectives of AI use — while also maximizing return on investment and mitigating harms to reputation, security and inclusivity, it said.
