Archive for month: October, 2022
We got chance to read the research KPMG 2022 CEO Outlook, which asked more than 1,300 CEOs at the world’s largest businesses about their strategies and outlook, reveals that 58 percent of leaders expect a recession to be mild and short. Fourteen percent of senior executives identify a recession among the most pressing concerns today — up slightly from early 2022 (9 percent), while pandemic fatigue tops the list (15 percent).
This is a fantastic news!!
Global CEOs see a ‘mild and short’ recession, yet optimistic about global economy over 3-year horizon
Few Insights
- Hiring freezes and headcount reductions under heavy consideration for CEOs
- Uncertainty fueling long-term digital transformation : While current uncertainty is driving CEOs to continue to prioritize digital transformation, 40 percent of businesses have paused their digital transformation strategies and another 37 percent plan to take such steps in the next 6 months.
- Evolving focus toward reputational and technological risks : Emerging and disruptive technology has landed as the top risk to business growth over the next 3 years. In addition, CEOs have identified several other areas as top risks to growth: reputation, regulatory and operational issues, and climate change.
- Cyber security no longer corporations’ biggest threat, with more companies prepared for attacks. Cyber security has dropped from the top 5 risks to growth over the past year, with only 6 percent of CEOs naming it as their top risk (17 percent in February 2022).
- Stakeholder pressure increasing accountability in ESG : More than one-third (38 percent) of CEOs say their organizations struggle to articulate a compelling ESG story. Nearly three-quarters of respondents (72 percent) also believe that stakeholder scrutiny of ESG issues — gender equality, climate impacts etc. — will continue to accelerate.
- Economic pressure slowing ESG ambitions : Global CEOs recognize the importance of ESG initiatives to their businesses, especially when it comes to improving financial performance and driving growth. In fact, 69 percent of senior executives noted greater demand from stakeholders for increased reporting and transparency on ESG — 58 percent in 2021.
If you are looking for answers I would like to invite you to join us on October 13th for our #WICxUNGA 2022 Signature Summit event presented by KPMG!
The 2nd annual #WICxUNGA 2022 Summit is bringing together business, tech and community leaders for enriching and inspiring discussions about the future of ESG+T and UN 2030 Goals.
The agenda includes keynotes, in-depth fireside chats, interactive panels plus power talks with some of the top names in tech and leading experts including Kim Folsom – CEO & Founder of Founders First Capital Partners, Erika Murdock Balbuena – Head of ESG at Robinhood, Colleen O’Brien – CMO at Armoire, Andrea Perkins – Vice President at Insight Enterprise, Tegan Keele – IMPACT Climate Data & Technology Leader at KPMG, Gena Goh – Channel Inclusion & Impact Senior Strategy Lead at Microsoft and many more.
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What can you expect at #WICxUNGA virtual event?
- Keynote on ESG plus T Mega Trends
- CLevel ESG Fireside Chat: Exploring Your Career: An Executive’s Journey Leading ESG Narratives
- CXO Panel: ESG plus T: Tech as ESG Issue, Risk and Value Influencer
- Power Talk: Differentiate and Grow your Business Microsoft #BuildFor2030 Hackathon 2022
- Own Your Narrative Bootcamp: ESG=T Focused Personal Brand Building
- ESG+T Advisory Roundtable Discussions
Signup: https://www.eventbrite.com/e/wicxunga-building-a-sustainable-tech-industry-tickets-403527289987
KPMG and Meylah has total of 30 virtual scholarship tickets and available at no cost with the code “WICxESG”. Please feel free to share this special invite and promo code with your colleagues, or community network.
In a world where we frequently feel like we are always being barraged by networking events, it can be easy to forget the importance of building strong, trusted relationships. However, these relationships are what make up an influential network, so it is worth taking the time to cultivate habits to build them.
Chaitra Vedullapalli, President of Women In Cloud, has always been driven to leave a positive impression everywhere she goes. She is an outstanding advocate for opening new economic opportunities for people everywhere, especially women. This blog includes tips for developing a trustworthy relationship drawn from her experiences.
The strength of trust is the foundation of all the best relationships in our life. The correct degree of faith enables us to share our most sensitive tales, connect on a deeper level, and build stronger relationships, bringing the confidence to be fully seen, heard, and understood without bias or concern about rejection. Therefore, when we consider trust, especially in personal and professional relationships, it is essential to help make important decisions, accelerate your progress, and provide you with the best possibilities to become purpose-driven leaders.
The most challenging aspect of building trust is in these three areas:
- Understanding how to go about earning someone’s trust. Most of us are unable to create lasting bonds with others.
- Ability to measure strong relationships. You might discuss it, but you have no idea what it looks like or how to quantify it.
- Let someone know when they have betrayed your confidence. Often, it is important to speak up.
Here are some pointers for developing a powerful network through trusted relationships:
- Seek out opportunities to connect with others. Whether this means attending industry events or simply striking up conversations with people you meet in your everyday life, leverage on every scenario to connect with others.
- Get involved in your community. Participating in community activities is a terrific way to make new friends and build relationships of trust. Not only will you be able to help make a difference, but you will also get to know people from all levels of society.
- Be a reliable resource. People will come to you with questions and problems when you become known as a reliable resource. In turn, this will help build trust and strengthen your relationships.
- Offer your assistance. Help someone if you see they are having trouble. It might be anything, such as offering to assist with a project or lending an ear when someone needs to talk.
- Stay connected. Once you have made a connection, do not let it fall by the wayside – stay connected! Whether sending a quick email or connecting on social media, staying in touch will help keep your relationships stronger. By following these tips, you will be well on your way to building an influential network.
As with the tips mentioned earlier, Chaitra adheres to a trust framework that she believes helped her build strong connections, given to her by coach when she worked Oracle and it is called ‘the ROCC of trust. In ROCC framework, R stands for Reliability, O for Open-Honesty, and Cs for Competence and Compassion.
Even in a business relationship, trust is an essential factor. Without trust, how can we ever feel safe and secure working with others, or be sure that the association meets our professional needs? The tactics listed above are ways to develop a network of reliable connections. Even though they are binary options that exist or do not, they can help you build a robust network that can support your goals.
Here is a video of some fantastic insights shared by Chaitra –
