05-12-2022
Getting Real - With Femin Philip Director Supply Chain, Pharmaceuticals and Consumer Health - Bayer Middle East
We are back with a totally new and exciting full 4th Episode of Season 2 of our bite-sized leadership podcast, Getting Real.
This season we focus on Women in Leadership, and in this episode our CEO, Afsheen Ismail-Wey MBA, PCC, CPCC speaks to Femin Philip, Director Supply Chain, Pharmaceuticals and Consumer Health at Bayer Middle East, about fearlessness, innovation, personal development and growth strategies and how to encourage experimentation in our organizational cultures.
1 - Employees of top innovators are 11 times more likely than those at other organizations to say that their organizations incentivize risk taking and five times more likely to report encouragement of experimentation. (McKinsey & Co.)
2 - Employees of successful innovators are also three times more likely to say that their organizations make it easy to critique ideas openly. (McKinsey & Co.)
3- Research also shows that businesses which promote the culture of knowledge sharing and innovations are less likely than “unhealthy” organizations to go bankrupt during the Covid pandemic years. (McKinsey & Co.)
4 - Interestingly, organizations can achieve a 27% reduction in turnover, a 40% reduction in safety incidents, and a 12% increase in productivity by just promoting fearless mindset of employees by giving weightage to their opinion. (Gallup)
Although organizations are promoting innovative and fearless cultures, there is more to do:
1. Studies suggest that roughly 75% of ventures fail within 10 years due to lack of courage and fear of failures. (Harvard Business Review)
2. 85% of executives say fear holds back innovation efforts often or always in their organizations. (McKinsey & Co)
Listen in on Femin's ideas on how leaders bring greater courage to the workplace!
