Transforming Capitalism | Chicago OD Practitioners Network
Nicole Martin: A GREAT WAY to kick off ANY DAY if you ask me. Thank you for all of your #presence and #criticalthinking in application of what every organization needs today! In short, research shows that #trust between stakeholders is eroding and being systematically destroyed. Opportunity remains to explore leading indicators like #corevaluesinaction #leadershipatalllevels #transcendentorganizationalpurpose which all builds on #performanceexcellence. Great conversations & great minds witnessed.
Does Capitalism still work in the face of the Great Resignation?
Individuals want to connect to purpose and today’s organizational cultures, purposeful outcomes, and ikigai are disconnected.
Great discussion led by Dr. Ray Benedetto, at the Chicago OD Practitioners Network. A lively discussion on flipping the three C’s of hiring to focus on Character in hiring decisions and flipping the management pyramid to create more adaptable cultures… among several other hot topics on the future of work.
Thanks to Steve Garrett, Abigail Baker, Karen Pinkney and Michael Kern for hosting. Shout out to Dave K, Steve Fallek, Nicole Martin, Bruce Mabee, David Dalka, Sue Lawler, Ann Van Eron, Tracey L. Cantarutti, Tanja Tuck, Christine Render, and Margaret (Meg) Ambroz, who made it an engaging conversation!
Higher wages, employee shortages, supply chain disruptions, and remote working are creating challenges for companies to sustain business operations, growth, and profitability. Solutions demand stronger relationships with all stakeholders requiring effective leadership throughout an organization – not just from the top. Yet, Gallup data for employee engagement has been in the 30% range for more than a decade.
Having the right culture makes the difference.
The right culture is where diversity, equity, and inclusion thrive with an appreciation for others’ perspectives. It attracts and retains employees and customers, provides for continuous learning and development, ensures employees are innovative and productive, strengthens supplier relationships, and keeps employees aligned and connected for the work that needs to be done. Many business leaders are realizing that now is the time for implementing leadership practices that build and reinforce a culture that serves all stakeholders.
