Growthitude

6 current megatrends that will fundamentally change your business

19th May 2017

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There are currently six global megatrends fundamentally changing the relationships between businesses, their customers and employees.

These are:

Globalisation 2.0

Economic power is shifting from West to East, giving rise to a new global middle class

Environmental crisis

The environment is becoming more and more important to people, as climate change gathers pace and natural resources grow scarce

Demographic change

Aging populations are reshaping the global workforce and exacerbating the war for talent

Individualism

Growing freedom of choice is eroding loyalty and transforming workplace motivation

Digitalisation

Work and the workplace are going remote, and the boundaries between professional and personal life are blurring, as people are increasingly operating online

Technological convergence

Powerful shifts in technology are transforming everyday life and creating new product markets

What engagement needs to look like in a world shaped by the megatrends

Enabling

Rather than tying their people up in pages of rules and regulations, it simply sets out how they should think and act

Empowering

It gives employees the responsibility for their own behavior when it comes to spending the company’s money

Trusting

It tells employees that the company knows they’ll do the right thing – helping to build a climate of mutual trust and respect

Adaptable

Acting in the organization’s best interest gives people scope to do what’s expected according to local customs and practices

Continual

It’s built into everyday business operations – like engagement, it’s not just a one-off exercise

 

 

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