On behalf of Jersey Business, I’m delighted to share with you the summary and output from Jersey Business’s Enterprise Week 2016. I hope you find this both thought provoking and informative.
This is the third year we have hosted Enterprise Week and 2016 was bigger and better than ever, demonstrating that Jersey is truly focused on growth through sharing best practice both locally and globally.
With 10 events scheduled over six business days, involving 36 speakers of whom nine were international speakers, at eight different venues and supported by 10 partner organisations, we saw over 550 business delegates taking time out to focus on how businesses need to evolve in order to succeed in an ever changing global environment.
Of course the participation and commitment of our business community is essential to making these events such a success and so I would like to thank you for your involvement. As I am sure you will appreciate organising events such as these takes a huge amount of time and effort and my sincere thanks go out to my team, our partner organisations and speakers for creating such a stimulating Enterprise Week.
Enjoy the read!
Chief Executive Officer
About Enterprise Week
Enterprise Week 2016 was held from 13 to 20 May. The programme of events was framed by an opening seminar which discussed the unique characteristics of island communities and the opportunities these create for innovation, leadership and change in Jersey. Further seminars throughout the rest of the week focused on specific industry sectors in order to explore the Future of Enterprise more closely.
Participants in the week-long series of seminars and events shared their views on questions such as:
- How can enterprise in Jersey capitalise on the unique opportunities presented by being an island economy?
- What is the vision that the business community has for the future of Jersey?
- How to use technology as a driver for change for enterprise and society in Jersey?
- Why is the need for innovation and change even more important in today’s global marketplace?
- How might global trends and enterprise improve the quality of life for islanders?
- How might Jersey’s business leaders, and the island as a whole lead by example?
About this report
This report summarises the key messages from Enterprise Week. We could never hope to capture everything here but we hope this report serves as a reminder of the issues and discussions that were held during the week. We also hope it serves as a reference point for others who did not participate but are interested to join the discussion as part of widening engagement in the issues that matter the most to growing enterprise in Jersey.
Discussions during Enterprise Week were rich and varied and had some common themes in relation to the speed of change globally and locally and the opportunities for growth and innovation this can create. These themes have been used to bring together some of the main messages that have implications for the future of enterprise in Jersey and which were discussed in detail during the week.
In summarising and explaining the three key themes that emerged during the week, the comments below are those shared by participants and not necessarily those of Jersey Business, however, they reflect the debate at an island level for business and the economy and then for individuals themselves:
Innovation and change
- Islands are exceptional places because they are a concentration of both human activity and climate change. Whilst this makes them fragile it also creates the opportunity to be agile and innovative if they want to adapt to economic and environmental challenges.
- The requirement for Jersey in the 21st century is to create the change that is needed for the future and not to wait until we have the ‘burning platform’ experienced in Iceland.
- Technology is changing everything. From the workplace to social spaces, from work time to leisure time, from learning and development to entertainment technology and the internet is disrupting how businesses interface with their customer. Businesses in every sector must understand how to respond to the fact that customers are now as knowledgeable about products and services as front line staff are.
- People are changing. Generation X, Y and Z are digital natives and the older generation is staying at work long after they would have traditionally retired. Diversity in the workplace is still not at the levels it should be and people have more complex demands from their working environment. Creating an inclusive, empowered culture is essential for long term sustainability.
- Collaboration between Jersey and its closest neighbours and partners is an opportunity to use the past to inform and shape the future as the Ice Age Project show. It is enabling archaeologists in the UK and Jersey to work with colleagues in France to explore the St Malo basin – a true collaboration in exploring our joint history. The project is also working with industry, particularly offshore wind, in exploring the seabed to understand how the landscape has changed over time; the impact that building offshore will have and how current changes in sea level will affect the infrastructure being put in place.
- The Vision for Jersey framework being developed by the States of Jersey is an opportunity for individuals and business to create a coherent vision for Jersey in 2036. The consultation, being held in June and July 2016, will allow everyone in the island to have their say and shape the future that they would like to see.
- Jersey exists in a changing economic and political landscape that creates a new urgency for business and government leaders to collaborate proactively to create good, outwardly focused growth that that will drive a strong diversified economy.
- Creating a diverse workforce increases productivity, collaboration and innovation and therefore customer satisfaction, but progress in creating diversity in the Boardroom and senior leadership teams in Jersey is too slow and is stopping organisations reaching their potential.
- The business culture in any organisation is that of the leader and it is this culture that will determine the relationship between customer loyalty, employee satisfaction and productivity and therefore profitability. Investing in and empowering your people will lead to a happy loyal workforce that is more productive.
Download the Enterprise Week 2016 Report.