The trends that impact on global business during the next 5 years
Source: The McKinsey Quarterly, Global Survey of Business Executives, March 2007
- Growing number of consumer in emerging economies
- Increasing availability of knowledge/ability to exploit it
- Increasingly global labor and talent markets
- Shifting of economic activity between and within regions
- Development of technologies that empower consumers and communities
- A faster pace of technological innovation
- Increasing constraints on supply or usage of natural resources
- An aging population in developed economies
- Geopolitical instability
- Increasing sophistication of capital markets
- Adoption of increasingly scientific management techniques
- Shifting industry structures/emerging forms of organization
- Social backlash against corporate activity
- Growth of public sector
Customer service, IT/High-tech innovation, cross-cultural HRM/HRD, and what sectors else can we jump in to catch up with the trends?