The 2017 Directors’ Alert was issued this month by Deloitte Global. This year’s publication is based on the need for courageous actions in the boardroom, highlighting the benefits of diversity and discussing some of the main disrupting factors that boards must address: technology, transparency, innovation and culture. The report serves as a useful tool for boards to approach these issues.
We strongly recommend you at least read the key “Q’s for directors to ask” on strategy (page 7), Culture (page 11, and the table on page 10), technology (page 19), disruption (page 23) and diversity (page 39). Click here to refer to these pages.
The insights and challenges equally apply to profit focussed businesses and public benefit entities.
Related to the challenges facing all organisations is the generational disruption that millennials are to employers. The Deloitte Millennial Survey 2017 provides an update on how millennials view the world and work.
Last year, many millennials seemed to be planning near-term exits from their employers. But, after 12 months of political and social upheaval, those ambitions have been tempered, according to Deloitte Global’s sixth annual Millennial Survey. Young professionals now indicate they’re less likely to leave the security of their jobs, more concerned about uncertainty arising from conflict, and—especially in developed countries—not optimistic about their future prospects nor the directions their countries are going.
Next month we will cover benchmarking. As we have found that benchmarking has a very strong impact on organisation performance and also the outcomes achieved across the relevant industry. The highlighting of key differentiators in high and low performance can sometimes be surprising and definitely focus the efforts of an organisation to improve their outcomes!