More than half (51%) of leaders in Asia Pacific believe their companies are already operating regeneratively.
Consultancy firm Kearney defines regenerative businesses as those that look beyond resilience and proactively asks where value can be added back into the society and the wider world. They will do so by using external data, advanced analytics and artificial intelligence to gain accurate insights of what's happening outside their organisation.
Forty-three per cent of businesses in Asia Pacific that Kearney surveyed also say they have a regenerative culture. To support regenerative businesses, most C-suites in the region focus on action and empowering others to create their own positivity and change.
"The results of our survey make it clear that businesses in the region want to shift from a merely resilient strategy to a fully regenerative one that is more transformative at its core -- whether that requires truly digitising their obsolete global supply chains, embedding analytics into the entire operating model or upgrading the way they develop and inspire diverse and sustainable workplaces. Unexpected is the new expected, there is no normal as we navigate these necessary self-disruptions. More is needed and more is possible," says Arjun Sethi, partner and Apac regional chair at Kearney.
He continues: "It is important that our leaders do not lose sight of the end goal while on this journey. Becoming regenerative is not just about restructuring and ironing out the pain points. It's important that any plan sets the pace for long-term success and really adds value back into the world in which you operate."
