A brand new examine argues that small and medium enterprises in rising markets can handle grand challenges by leveraging strategic agility and gender range, with the latter considerably augmenting the impact of strategic agility on worth creation.
Research performed by the University of Surrey reveals that senior administration groups comprising people from numerous gender backgrounds play an important function in fostering accountable and collaborative innovation.
A examine of small and medium-sized corporations from rising markets (ESMEs) discovered that having a gender-diverse senior administration staff is related to elevated worth and innovation that aligns with the United Nation’s Grand Challenges. This conclusion was primarily based on an evaluation of 228 survey responses from ESMEs within the United Arab Emirates.
Professor Taz Rajwani, co-author of the examine and Head of the Department of Strategy and International Business on the University of Surrey, mentioned: “We found that firms that valued gender diversity by employing women in some of their most senior roles were more able to respond to the ever-changing economic environment and made valuable contributions to the UN’s Sustainable Development Goals. This is yet more evidence that having women as part of a company’s senior management team is not only morally the right thing to do, but it is good for business and wider communities.”
Reference: “Grand challenges and emerging market small and medium enterprises: The role of strategic agility and gender diversity” by Nadia Zahoor, Huda Khan, Francis Donbesuur, Zaheer Khan and Tazeeb Rajwani, 27 January 2023, Journal of Product Innovation Management.
DOI: 10.1111/jpim.12661
“Grand Challenges” give attention to the methods wherein cross-disciplinary analysis can handle the targets specified by the United Nation’s Sustainable Development Goals (SDGs). The Grand Challenges strands embody Global Health, Sustainable Cities, Cultural Understanding, Human Wellbeing, Transformative Technology and Justice and Equality.
