How to make your Business Better
The role of CEO is gradually evolving in the business sphere in most industries. Experts is this field insist that it is possible to be a better human and leader. And since all industries are at a major turning point, there is need to embrace this reality for a better future.
Currently, women are the majority in USA, in about three decades, people of color will be a majority. But still, the affluent, educated, and mostly white male will still be in charge. So, if you are a leader in any business, here are three ways you can become a better leader and human.
- Incorporate people who don’t look and think like you
Currently white people and men are still at limbo at embracing diversity initiatives. A 2014 study by KPMG revealed that a CEO was ineffective if he did not understand why gender diversity is crucial for business success.
Innovation and growth cannot be driven by talent alone, but rather also gender diversity. More women are required on the decision making table. This is the reason why Melinda Gates has committed $1 billion to gender equality.
- Focus on stakeholders too
The internet and social media platforms have brought consumers closer to business owners. This helps offer genuine feedback about your products and services.
Most corporations are making a shift “from 20th-century shareholder capitalism to 21st-century stakeholder capitalism.” Although shareholders and investors want profits, we must understand that we need to satisfy customers to achieve these profits.
- Consider your legacy
It is no brainer that people with influence in industries worry that with time they’ll become irrelevant. However, this is far from the truth. With decades of experience, you can use the vast knowledge to guide entrants in the industry. This is a great way to leave a lasting legacy.