Intelligence Squared Business Weekly: Dame Vivian Hunt on Stakeholder Capitalism and the Value of a Diverse Workforce
Oct 4, 2021
Dame Vivian Hunt, a senior partner at McKinsey & Company and a celebrated thought leader on diversity and leadership, shares her insights on stakeholder capitalism. She emphasizes the crucial role of a diverse workforce in driving innovation. The discussion highlights the importance of adapting business strategies to prioritize sustainability and engaging in evidence-based practices. Dame Vivian also outlines how companies can navigate the shift towards stakeholder capitalism, fostering collaboration and transparency to tackle societal challenges effectively.
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Diversity & Resilience
- Diverse businesses are more resilient and open to innovation.
- They prioritize purpose, ESG factors, and neurodiversity.
PayPal's Employee Focus
- PayPal prioritized employee well-being by ensuring a minimum 20% net disposable income.
- This resulted in reduced attrition, increased loyalty, and higher productivity, covering the investment.
Collaboration for ESG
- Businesses should collaborate with others in their industry and value chain to address ESG challenges.
- Especially when issues like climate change are bigger than any single company's footprint.