![]() In a detailed study of 79 large companies, we found that every 0.1-point improvement in DEI ratings for a company (on a 5-point scale) was linked to a corresponding 13% increase in the absolute change-power score on average. To learn more about this fascinating intersection, we looked at how companies with strong change power and DEI developed those capacities, what impact those strengths have had on performance and results, and how DEI and change power can build on each other. Among companies that Glassdoor has given the highest DEI scores, change power is 80% higher than other companies. ![]() To help them, we’ve sought to learn more about the underlying drivers of change power, and in doing so we’ve discovered a strong connection to diversity, equity, and inclusion (DEI). In the years since, amidst ongoing geopolitical and macroeconomic uncertainty, a growing number of companies have been drawn to the idea of systematically building their organizational change power. We called this their “change power,” and we noted that companies with high change power had better financial performance, stronger culture and leadership, and more engaged and inspired employees. some hundred companies are in that ecosystem, in the fields of photonics, optics, equipment manufacturing," he explained, hoping to boost business ties with China in this field.In the summer of 2021 we wrote an article for HBR titled “ How Good Is Your Company at Change?” In it, we proposed a new way for organizations to measure, quantify, and build their ability to change. "It might be unknown that Switzerland does have a semiconductor industry. Hirzel noted that while the trade association counts multinational companies such as ABB, Schindler, and Siemens as its members, Swiss semiconductor companies also play an increasingly crucial role. Hirzel said that the Swiss mechanical and electrical engineering industry is very much an export-oriented sector, which depends on its main markets, such as China. and generally, they're very positive on the long term."Īccording to statistics released by Swissmem in March, the performance of the Swiss technology industry - mechanical and electrical engineering and related technology sectors - has improved last year: sales were up by 9.4 percent year-on-year, exports by 5.6 percent, and new orders received by 2.4 percent. "On average, the China business can make up to one-third of the entire business of a Swiss company, that is important," Hirzel said, adding that "Swiss CEOs know China. They produce in the market for the market," Hirzel said. "Many Swiss industrial companies have a presence in China. The two countries signed a free trade agreement (FTA) that entered into force on July 1, 2014. Since 2010, China has been Switzerland's biggest trading partner in Asia and its third largest globally. "We encourage Swiss industrial companies to be present in China, to do business in China," and to contribute to benefit China's economy and society, he emphasized.įounded in 1883 and headquartered in Zurich, Swissmem currently has over 1,350 member companies. Not only for sales and services but also assembly, manufacturing, and even research and development," he said. Many of our companies have a presence in China. "Over the last 20 years, we have quadrupled our exports to China. ![]() "Trade between Switzerland and China has been a success story," said Hirzel, who has since 2021 been president of the leading association for the Swiss technology industry. The outlook of Switzerland's mechanical and electrical engineering sector for doing business in China is "generally very positive in the long term," Martin Hirzel, president of Swissmem, said recently.
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