Futurology

Futurology

Futurology

There are a number of drivers of global business change coming our way in the next 10 years or so.

The key ones as I see it at the moment are:

  • West – East power-shift, especially the growing dominance of the East in financial markets.
  • Use of internet and Telecom technologies, typically giving smaller businesses the same computing power as their larger rivals and also empowering small business units within centrally controlled organisations to “do their own thing”.
  • Dis-intermediation of information flows, how we look for and receive news will change. It will be immediate and through smaller distribution channels. Big business and government control over news distribution will become a thing of the past.
  • Ageing populations will affect all business models and markets. How will the world cope with the largest ever proportion of over 60’s?
  • A move away from money focus to individual and spiritual values. We’ve had 80’s greed, 90’s prosperity and 00’s austerity. The developed world has more stuff than it can use. We will move away from materialism in favour of self-development.

The most vulnerable part of every organisation will be whatever delivery mechanism it has to offer services and products to customers.

Change will increase in frequency and complexity as the global trends identified above take hold. The most successful businesses will predict / react to these changes and alter their value delivery systems and processes appropriately.

Those that are blind to the changes will fail.

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About Adam Blackie

A career Freelance Accountant who specialises in leading helping others to hold onto their money.
This entry was posted in communication, Information Management, Interim Management, leading change management and tagged , , , . Bookmark the permalink.

7 Responses to Futurology

  1. brian standen says:

    Adam,
    The key issues that you identify really warrant reflection by organisations that wish to be successful in today’s/tomorrow’s environment.

    Changes in the marketplace such as the ageing population and the increasing wealth and influence of the markets in the east provide opportunities that organisations can seek to fill.

    At the same time there continues to be rapid development in the application of technology that enhance communication techniques and thus enable organisations to access both remote and dispersed markets, whilst at the same time benefiting from more efficient access to research and information.

    To exploit this companies no longer need to have the substantial infrastructure that companies used to require, simply the understanding of the tools and fleetness of foot to exploit them.

    • Adam Blackie says:

      Thanks for the comment Brian.

      The last point that you made is something that I have also recognised.

      I see fear of the cloud and a tenancy towards centralising communications channels, is preventing organisations from being fleet of foot.

  2. Sabra Swinson says:

    Very interesting. Marketers are playing ‘lip service’ to the grey/gray market but are not really engaging with it. For example, the mobile phone industry is obsessed with adding more and more features to their handsets. Seniors want simplicity, clarity and large buttons!

    • Adam Blackie says:

      Thankyou.

      Linking Ageing Population with Increasing use of technology = a possible strategic objective.

      PS Seniors also want a built in T-Loop on their mobiles to help them hear the d**n things. 🙂

  3. Ian Richardson says:

    Very interesting!

    Change is the only constant and how businesses prepare and adapt to new trends is key. Did anyone anticipate the rise of social networking and instant flow of information driving political events and demonstrations in both the West and Egypt, amongst others.

  4. Refreshing comments,

    Technology is driving is communication. What we are leaving behind is “skill set”and “social responsibility”. Space on this planet will be at a premium and secular existence will prevail. How do we retain the “community” when technology supports the reclusive behavior. Governments are nervous, they no longer have control of communication as the events of the past few weeks have demonstrated. Social interaction is what we humans do, remove that and you remove all that makes us sentient beings.
    There has to be a physical collaboration between technology and us, and it has to be more than a virtual experience.

    • Adam Blackie says:

      Will,
      Thank you for your comment.

      Technology does encourage a virtual lifestyle for many, however I believe that this is a temporary phenomenon, caused by the fixed location of a desktop. ………..and the future is mobile, not based on fixed workstations.

      We already see the born digital generation using mobile connectivity on their travels. They are using their “travel downtime” to communicate, making alternate (better) use of their time.

      What they are also in danger of missing is the value of enjoying the journey for its own sake, something that can add real experience to our lives.

      Adam

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