The nature of leadership will have to change dramatically if organizations are to harness the benefits and counter the negative effects of the megatrends as likely to have the greatest effect on organizations and their leaders over the coming decade. Here we examine the organizational and leadership implications of one of these megatrends.
There are demographic imbalances as the world population is growing and aging. Life expectancy is rising but populations are stagnating or declining in the industrial countries of the West and China, for instance, meanwhile, populations in developing countries are booming. Industrial countries will suffer skills shortages and pressure on the welfare system and migration will increase.
Individual Empowerment will accelerate due to trends like Poverty Reduction, Growth of the global middle class, greater educational attainment widespread use of new communications and manufacturing technologies and also advance sin healthcare. The UK has seen the decline in manufacturing and rise in services advances in the technology in the advent of globalization have meant businesses increasingly and people are more likely to migrate to another country for work.
The tradition of nine to five has changed and more of us now work part-time or use flexible hours and many of us work from home for some or all of the time. These trends give rise to some fundamental questions about the world of work today. Has job turnover slowed down? Have we seen the end of the annual pay rise? Are organizations losing the trust of their workers? Are we working harder than ever?
The pace of change has never been faster. To champion batter work and working lives, we need to look ahead, anticipating new trends and be ready with ideas for how to solve them.
TECHNOLOGY AND PRODUCTIVITY:
Most of the people don’t understand the actual meaning of productivity, when productivity goes up it means it took less human being to produce the same amount of goods and services, leads to higher unemployment and we are seeing this in our economy and all around the world. When productivity goes up it means that the job that we used to have are disappearing because they’re being automated through robots or algorithms. Automated machines and robots are entering in our personal life, these machines will become as intelligent as human and might be beyond that. Real-time information on retails sale goes directly to the CFO without needing layers of account to analyze it. “Buddy” will be the major requirement of the senior citizen who is alone and also these robots will take over our larger workforce.
Sensory system, mobile currencies or digital currency like Bitcoins will be part of your day-to-day transactions. Some of all developed nation are now trading in Bitcoins. Even small Baltic nation Estonia having Bitcoin ATMs.
We believe that not one person of from 100th yet understands the full implication of Communication of these mobile and cloud technology.
As an Investor, we need to be aware of some transformation technologies that are emerging. Small companies can access global market instantly in a very low cost. Uber is become biggest taxi company in the world without owning a single car, Airbnb is the largest hotel group without owning a single brick.
By the end of this decade, 2/3rd of the world will be on 3G as compared to a quarter as the star of decades.
A city is the collection of preferences. It’s the place where people have voted with their feet and the places that thrive, places where people want to live, want to work, the places that satisfy those two primordial human instincts to make the staff to be with each other. Nearly, 200000 people a day, 1.5. Million people a week coming from the countryside to the city in a pattern of distress migration that is swamping the megacity.
By 2030 there’s going to be 4.9 Billion people living in African and Asian slums alone. When there was the whole population of world 4.9 Billion as recently as 1985, so as a company you have got one of the defining challenges of the 21st century. Which is what we going to do with these people. Where the jobs going to be, how we’re going to avoid these crime-ridden slums and the megacities getting swamped. We believe we are going to see a shift in the more cities looks like and it is not going to be a place that built for cars and built machines, it will be a place that built for people.
Urbanization is the outcome of a whole set of megatrends interacting and it is the dominant challenge of the 21st century. If we carry on our current pathway from the species that was 2 percent urban in 1800 and one that’s already 51 percent in 2014 and it’s going to be 70 percent by 2050. It is like we as a species collectively woke up one morning and said- Whoa, let’s change the habitat. We haven’t got a clue how to make that habitat work for ourselves, we seem to be doing it in emerging markets, mega cities, where we’ve got the least possible chance of doing it successfully. Nut we’ve also got a chance with revolutions in energy and manufacturing to have a different vision of the organization, where we make the countryside work, where we make the city work, and we turn it not into a welter of slums but into a series of villages in the city where people are thriving. Songdo is the world’s most futuristic urban area and also international business district. It is a second most populated city in the world, Seoul, South Korea. It built the project about $40 billion. Songdo is brilliantly directly connected to the airport via 7 miles long Incheon. The other theme is the ubiquitous city, which is a uniquely Korean concept where every device, component, service is linked to an information network through wireless computing technology, along for greater coordination and a more efficient and synchronized city than has ever been possible before. Songdo’s trash system which does not depend on garbage trucks, because of the network of tubes will suck in the garbage straight from the cane and through a system’s of pipes, transport it efficiently to treatment facilities.
By 2030, 8.5 billion people will walk the earth they will be drawn to cities in massive numbers for the promise of a batter life. Cities will become bigger and we will have more them. Bigger cities will spur major economic growth bringing billions of new consumers in the world economy. Most of them are emerging markets, dense sitting populations will drive new businesses models, people choosing the share resources instead of owning them eager for services that save them time and effort. But such rapid urbanization will take a toll on the environment. Straining our natural resources and infrastructure simultaneously changing demographics will dramatically shift the tapestry of our society. Fertility rates are declining and life expectancy is increasing. Leading to an older population and shrinking an aging workforce putting increased pressure on healthcare and retirement and government services. But every cloud has a silver lining. In older working population will have greater purchasing power than their younger counterparts creating new untapped opportunities for brands, and the world that is becoming both hyper global and hyperlocal.
A world powered by the Internet connecting everyone and everything, everywhere enabling the growth of a vast digital marketplace and digital platforms that are changing the competitive landscape with startup scaling faster than ever before and market disruption, becoming new norm forcing companies around the globe to constantly reinvent themselves to stay competitive as market sector change so does technology. The pace and breadth of innovation continue to accelerate. Technology components are constantly maturing and becoming more accessible forming the building blocks for new breakthroughs to emerge accelerating us forward.
How will we keep up in the midst of a constantly changing world, we can look to these major socio-economic demographic and technological forces which we called Megatrends.