Written by Working Voices 29 October, 2024

<p style=”font-weight: 400;”><strong>For leaders and managers, 2024 will be shaped by a decisive rethink of culture. For some, reimagining culture is as attractive as a cold bath. Nevertheless, recent financial and technological developments demand a shift in thinking. Now is the time to develop a future-focused approach to your business and your people. </strong></p>
<p style=”font-weight: 400;”>In 2023, rapid AI developments, high inflation, low growth, and geopolitical tension deepened workplace uncertainty. So did <a href=”https://www.workingvoices.com/insights/hybrid-working-guide/”>hybrid</a>, disengagement, and employee concerns about sustainable practices and ethical values. Between them, these issues contributed to anxiety and undermined retention.</p>
<p style=”font-weight: 400;”>Such challenges have an accumulative effect. Already, 40% of global CEOs think their organisation will no longer be economically viable in ten years’ time if it continues on its current course, according to 2023 <a href=”https://www.pwc.com/gx/en/issues/c-suite-insights/ceo-survey-2023.html”>research</a> by PwC. The study found that “most of those CEOs feel it’s critically important for them to reinvent their businesses for the future.”</p>
<p style=”font-weight: 400;”>When asked about the forces most likely to impact their industry’s profitability over the next 10 years, CEOs cited a range of factors:</p>
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