EDGE 2025 - Ken Hughes: The Unsustainable Pursuit of Growth
4m 10s
Growth at any cost is killing our planet. On the one hand, the UN Environment Programme recently warned that the planet continues to face a debilitating rise in temperature. And on the other hand, growth is an inherent part of business. How can we redefine success in a finite world?
Key Takeaways:
- Generational Connections: Ken Hughes says that understanding and adapting to generational differences in consumer preferences and values is crucial. Each generation has unique characteristics that businesses need to cater to.
- Creating Customer Loyalty: Authenticity and personalization are important for building customer loyalty and connection in today's retail environment. Consumers are drawn to brands with a sense of purpose and heritage.
- Preparing for Transformation: Rapid technological advancements, such as AI and quantum computing, will revolutionize industries like healthcare and space exploration in the coming decades. Businesses must be prepared for these transformative changes.
- Leading with Sustainability: Sustainability and reducing environmental impact should be a top priority for businesses beyond just greenwashing efforts. Rethinking growth models and consumption patterns is crucial.