The world is no longer split between social impact and non-social impact. We’ve entered a time when every organization, government, and citizen is expected to improve the world around them in one way or another.
The way we do business is changing as we embrace people and technology working side by side to grow businesses.
Enterprise level companies with billions of dollars at their disposal are quickly going to make start-up and small-to-medium size businesses (SMBs) obsolete unless they quickly adapt and change. It’s not possible to compete with Fortune 500 companies that decide to step into their space. With billions of dollars available to them, they can do things more quickly, more efficiently, and with quicker impact than start-up and SMBs that likely had the idea first. With the world calling on all companies to be Organizations for Good, Social Impact Companies need to restructure to survive.
Before the Pandemic, working parents already felt the pressures of balancing career and family responsibilities. Last year put a laser focus on the vulnerability of a professional with caregiving responsibilities. Moving forward requires a rethinking and complete overhaul of the policies, benefits, ways of working, and cultural norms to have a shot at equal opportunities and an inclusive environment.
2020 will be remembered as a tipping point for technology acceleration. Automation is projected to erase 85 million jobs globally in medium and large businesses across 15 industries and 26 economies by 2025. While many are quick to point out that news jobs will be created, they are not being created at a rate that is as quick as jobs are being eliminated.