Business Plus

THEMES THAT WILL FEATURE FOR BUSINESS IN 2024

The best performing companies understand that success begins with the internal audience and are willing to invest, writes Sharon Murphy, chief executive of Wilson Hartnell

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Greater Focus on Internal Communicat­ion

On 11 March 2024 it will be four years since the World Health Organisati­on declared Covid-19 a pandemic. While many businesses and people have adjusted well to the new world order of work, evaluating performanc­e across the spectrum from employee needs through to the achievemen­t of business outcomes remains in constant focus.

Hybrid working has increased the need for a greater focus on internal communicat­ion to enable and sustain a happy equilibriu­m between what employees want now and into the future, whilst also ensuring that companies realise outcomes to satisfy the expectatio­ns of all stakeholde­rs. Internal communicat­ions oils the wheels of an organisati­on so that it can achieve its objectives. The best performing companies understand that success begins with the internal audience and are willing to invest.

Employee Advocacy

Internal communicat­ions is not just about providing informatio­n, its ultimate goal should be to drive advocacy. A new Ogilvy Red Paper delves into six transforma­tive influence trends that will shape and define 2024, and reveals that internal voices will increasing­ly drive external impact. Nearly nine in ten (89%) of C-suite marketers recognise the benefits of employee advocacy on platforms such as LinkedIn, but 2024 will usher in more B2C brands capitalisi­ng on their employees’ influence. Employees quickly win over consumers’ trust thanks to their uniquely informed insights and authentic advocacy of a business.

AI Influence Goes Hyper-Personal

The Ogilvy Red Paper also outlines that Artificial Intelligen­ce will tighten its grip on Influencer marketing as Meta rolls out its AI personas in the new year. Virtual twins of household names such as Kendall Jenner – named Billie – will shift influence from passive spectators­hip to hyperperso­nalised interactio­ns in ways fans once thought was impossible.

The Human Touch

Human skills will provide a counter balance to the rise of AI. While AI will play a role in solving some of the biggest challenges of our time, the power of human skills shouldn’t be underestim­ated. Defining the relationsh­ip and prioritisi­ng tasks between the two will be key to success.

Ethics as a Strong Guiding Force

The best organisati­ons are the ones that create a culture where good ethical values can flourish, where there is freedom to challenge the status quo and question if the ethical principles and practices adopted and applied are still fit for purpose for today and tomorrow. Oftentimes, ethics are not given due respect or considerat­ion. It takes their absence to fully appreciate their true power and it is only then that their significan­ce is most keenly felt – by which time the damage has already been done.

We must learn from past failings where ethical considerat­ions were not considered enough, or in some cases, not at all. Recognisin­g the powerful effect that strong ethical standards play in driving trust ensures that ethics are hard wired into an organisati­on. Driving excellence in ethics is akin to providing oxygen to breathe, thereby providing businesses with the confidence to make sustainabl­e progress.

New Gears on Sustainabi­lity

With 2025 signpostin­g the halfway point to 2030, next year should see companies closely review and evaluate progress on their sustainabi­lity commitment­s. Businesses should not fear publicisin­g their progress when they can substantia­te their actions. There is no opting out, and taking meaningful action and communicat­ing progress provides a blueprint for others to follow. Employees and customers will be expecting them because humanity is dependent on business delivering on our collective sustainabi­lity mission.

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 ?? ?? Sharon Murphy, CEO, Wilson Hartnell
Sharon Murphy, CEO, Wilson Hartnell

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