The pace of transformation in the global economy in recent years
has been unprecedented. Rapid technological change coupled with
successive crises, including a pandemic, have changed norms and
structures while hastening the pace of what is being referred to as
the twin green and digital transitions.
These are bringing about the development and diffusion of new
technological, economic, social, behavioural and business model
innovations.
In such a context, adaptation is not merely a prerequisite for
business growth but essential for survival. Employees, investors
and customers have changed the way they go about many aspects of
their life. A significant shift has taken place in the way people
look at the corporate world, what they expect from it and the
standards they expect it to follow.
