In an age of rapidly evolving technologies, business models, demographics, and even workplace attitudes—all shifting concurrently—change is not only constant but also exponential in its pace and scope. Companies from startups and online businesses to incumbents in all industries will experience the effects in far-reaching and transformational ways. These forces, or megatrends, fall into four categories. The first two address changes in the demand for talent: technological and digital productivity and shifts in ways of generating business value. The second two address changes in the supply of talent: shifts in resource distribution and changing workforce cultures and values. See Exhibit 1.
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The 5 MEGATRENDS to Monitor According to The Boston Consulting Group
I recently had the opportunity to listen to Melanie Seier Larsen, Principal at The Boston Consulting Group, talking about the 5 megatrends to monitor in business. The Boston Consulting Group studies a series of megatrends, major trends with the power to reshape the landscape of economic opportunity and risk, each year. These megatrends are focused on several pressing issues being faced today, which will continue to have an impact on how businesses are operated, developed, and managed. Although there are several dozen megatrends monitored by The Boston Consulting Group, in this talk Melanie Seier focused on five of the most relevant for the general wellbeing of women and men in society. These are:. The average age of the world population is 30 years, but the average age of some countries in Europe is already
Megatrends in Higher Education
As the world enters the fourth industrial revolution, the education needs of the future workforce are drastically changing. But the structure of higher education has remained static for decades. By incorporating future-focused thinking into their strategic plans—and adopting trends that can provide the greatest impact—leaders of higher-education institutions can head fully prepared into a changing world of work and learning. BCG recently conducted a global megatrend analysis for a private, liberal arts university to help it form a new strategic plan. We identified more than two dozen megatrends, from which we focused on five that would be particularly relevant for the university and for education institutions worldwide.
BCG Center for Sensing and Mining the Future
Just A Word? The Boston Consulting Group's Udo Jung examines value creation in the industry and offers this warning: "Chemicals companies will not differentiate themselves with colorful pictures in their annual reports and glowing accounts of megatrends' assumed automatic benefits for their businesses. The term "megatrends" refers to fundamental changes with concrete and lasting impact, both on the lives of individuals and on the macro-economic development of entire nations and regions. The list of megatrends is long. Typically, the following are in the foreground:.
Getting Ahead of the Megatrends in Transportation and Logistics
As these megatrends change the industry, leading players will capture the new opportunities by reacting faster and more decisively than their competitors. The most successful companies will start preparing for these changes today. In all cases, the megatrends will create business opportunities that players should be prepared to address. A Two-Speed World.