Globalization … the next wave

Where does your organisation intersect with society? Transforming the relationship between business, community and environment can provide long-term business benefits.

The next wave of globalization, according to Deloitte’s network of over 200,000 clients, colleagues and business leaders, holds much change and much promise. In their second annual ‘Business Trends Report’ they provide some fascinating insights, drawn from a vast array of viewpoints, on the key trends emerging from the global economy. One thing is for certain, they’re unequivocal view that “Business and Social Impact” will play a pivotal part.

Along with the emergence of a new consuming class, widening opportunities for collaboration and new sources – and imperatives – of leadership, the way in which businesses manage and communicate the impact their organisations have on society will have a significant effect on that business’s long term success.

You can jump straight to page 27 to see how some “organizations advance their core business objectives by addressing existing social and environmental issues” or, by taking a few more minutes to skim through the wider context of the report, you’ll see that what is covered is equally insightful; in particular the fact that “Innovation from everywhere” reiterates the need for agile development and giving everyone in your business the freedom to express themselves.

Forward-looking companies are driving experimentation and innovation as they try to figure out how to successfully tackle a range of social challenges. In the process, they are transforming the relationship between companies and the communities they serve.