PwC

Call it sludge, friction, or transaction costs, getting things done at work—whether that’s small tasks, such as sending emails, or bigger initiatives, such as developing a generative AI approach—often takes longer than anyone would like. What if that could change? Companies that tackle “sludge” are better positioned for reinvention than those bogged down by bureaucracy. Scroll through the four ways to get started, then explore them in more detail in the newest digital issue of strategy+business: https://lnkd.in/dCSWC9nw #Productivity #Reinvention

📋 When evaluating companies, investors ranked innovation and emerging technologies, such as AI, the metaverse and blockchain, among their top five priorities. Our latest Global Investor Survey shows that, despite risk, a faster adoption of AI is seen as critical to the value equation. Our survey points to three areas where companies should act to address issues that matter most to investors, including convincing investors that they are keeping up with the pace of accelerating technology. Read the full report here: https://pwc.to/3MLv1pF #AI #Risk #AIAdoption

⚙️ The pressure to reinvent business models is building across all industries—and telecoms companies are in the eye of the storm. The industry is entering a phase in which revenue growth and optimisation opportunities will be muted, and in which it will be harder to earn back the cost of capital, especially while interest rates remain elevated. Business model reinvention means radically transforming how a company creates, delivers, and captures value, and in the telecom sector, new-breed 'puretone' business models are at play as incumbents move to reinvent themselves. As part of our Global Telecoms Outlook 2023 - 2027, explore the the 'puretone' approach and why it may be best for telecom companies: https://pwc.to/3yxl8Yw #Telecoms #BusinessModelReinvention

🚨 Top-performing organisations are considerably more likely than their peers to have a clear ecosystem strategy and to derive a significant portion of their revenue from ecosystems. However, a recent survey from PwC Deutschland has shed light on a problem that may prevent companies from maximising the potential of these kinds of collaborations: a lack of empowerment on the part of ecosystem managers. Scroll through the three ways boards and the C-suite can give ecosystem managers the agency they need to achieve better outcomes, then explore them in more depth: https://pwc.to/3QMDmvm #Ecosystems #TLA

📈 The extensive requirements of the EU’s Corporate Sustainability Reporting Directive (CSRD) are bigger, bolder and require more transparency than any sustainability reporting standards before. 🔎 By diving into the complexities and taking important first steps, companies can improve their ability to deliver reliable reporting on time and with confidence: https://pwc.to/4ebweCy 🚨 Follow our page for all the latest insights on CSRD readiness as we launch our inaugural Global CSRD Survey report on June 13, with responses from 547 executives and senior professionals across 38 territories. #CSRD #CSRDSurvey #Reporting

📈 A skills-first approach to hiring and retaining talent is an entirely different way to think about employment—and it has the power to change how a business builds their workforce, and how workers think about their own talents. Skills-first could be the key to tackling global skills gaps and talent shortages by focusing on an individual’s skills and competencies for a particular role, rather than how the skills have been acquired. We have provided analysis to support the World Economic Forum in its report 'Putting Skills First: Opportunities for Building Efficient and Equitable Labour Markets’. Watch as our Global Workforce Leader, Peter Brown MBE, and Workforce Transformation Manager, Miral Mir, provide examples of this approach in action—and explain why it’s such an important solution—then read the report here: https://lnkd.in/gsExj2iK #SkillsFirst #Talent

⚙️ GenAI is a megatrend creating global shifts across many different sectors―including manufacturing who are enthusiastic about the applications of use cases. While building and scaling any given GenAI solution can consume considerable time, capital and energy, the results of proper implementation can open opportunities to power workforce transformation at scale, democratise access to digital capabilities and skills, and free up time for workforces to concentrate on more strategic work. Scroll through to see some of the recommended criteria for adopting GenAI in manufacturing and click the link for an in-depth look at its implementation: https://pwc.to/47P42ky #GenAI #Manufacturing #AI

This Pride Month, and every month, we support a workplace where LGBT+ solvers can bring their best selves to work and feel the full support of their PwC family. To continue to build this environment, we are working to grow LGBT+ equality and accelerate change, within our network and in the wider world through our Global LGBT+ Inclusion strategy. Swipe through the five areas of focus in our Global LGBT+ Inclusion Strategy, then explore more: https://pwc.to/3wLvtQ8 #Pride2024 #Pride #OurTimeToShine

As we mark World Environment Day today, we reflect on working with communities taking action to restore local landscapes, while supporting them in initiating green livelihoods. The PwC India Foundation (PwCIF), in partnership with The Corbett Foundation in Madhya Pradesh, has undertaken an initiative to support residents of surrounding villages near the Kanha Tiger Reserve who heavily rely on trees. To restore the ecology and landscape of the reserve while supporting them in initiating green livelihoods, it's crucial to provide more means of subsistence and employment opportunities for the local households and community. Swipe through the case study to explore in more detail, and learn more about how we're helping our communities across the network build new skills, prevent and adapt to the impacts of climate change, and create more equitable opportunities for people so they can thrive: https://pwc.to/4e125pw #WED2024  #GenerationRestoration #TogetherWeSolve #WorldEnvironmentDay

🌪️ Today’s organisations are entering a new era characterised by a whirlwind of technological disruption, climate change, social instability, and other long-term megatrends. Some CEOs will look back at the next few years and wonder how their once-successful organisations are now struggling. Others will think of it as a formative time when they learned to adapt—and thrive—by radically transforming how they create, deliver, and capture value. Discover a practical way of thinking about business model reinvention that can help you better understand the challenges and start taking appropriate action: https://pwc.to/44YZAAh #BusinessModelReinvention #Disruption #Megatrends