3. Purpose unleashes innovation
My discussions with fellow panelists and other summit attendees reaffirmed my conviction that companies need a defined sense of purpose. Why? Because purpose matters to your stakeholders, especially your employees, who are increasingly mission-driven. Without a clear purpose you will lose your innovation-driving talent.
At Genpact, our 90,000 employees are our intellectual capital and our most valuable resource. Since the beginning of the digital era, I've seen our people unleash a tidal wave of innovation, much of which generated by their deep sense of belonging and purpose-driven work. Of course, sustainability is now at the heart of many companies' goals, and it was clear at the Innovation Summit that talent is heavily influenced – and invigorated – by a company's commitment to beating climate change.
Leaving New Lab, with the Manhattan skyline in view and the racetrack just minutes away, I considered the summit's symbolic importance and the weekend's races. In many ways – as one of my fellow panelists pointed out – conversations and events like these serve as a catwalk of sorts, showcasing the high-buzz, high-energy potential of collaboration between business leaders and sustainability experts.
For Envision Racing, the technological advances in mobility will soon move from the racetrack to the sales lot. Similarly, in business, the ideas and experiences that the leaders on that stage shared will spread rapidly across industries, bringing together companies, governments, and advocacy groups with the collective mission of winning the race against climate change.