5 Global Trends Influencing 21st Century Leadership

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5 global trends influencing 21st century leadership

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5 Global Trends Influencing 21st Century Leadership

  1. 1. www.leaderboom.com info@leaderboom.com Toll Free: 1-855-818-2666 5 G LOB AL TRENDS INFLUENCING 21 S T CENTURY L EADERSH IP
  2. 2. 2 “There are 7.2 billion people living in the world, and the median age is 29.7 years.” World Fact Book, 2015 Global Trend #1: Population
  3. 3. 3 Global Trend #1: Population Source: U.S. Census Bureau, The World Fact Book Net new additions to the global population per minute is 148
  4. 4. 4 Population - Why Does This Matter? Increasing size in the global population and expanding middle class in developing countries. Rapid transformation in global labor supply Increasing demand for consumer goods, construction, education, energy products and services. TREND: CHALLENGE: OPPORTUNITY:
  5. 5. 5 "Never before has demographic change happened so quickly“ Ernest and Young Global Trend #2 - Demographics
  6. 6. 6 Five Generations in the Global Workforce Generation Born Attributes Career Goals Mentoring Retention Workplace Source: 2013 ASTD Global HR Conference. LeaderBoom Inc., www.workplacetrends.com Traditionalists 1925- 1945 Loyal, Obedience, Dedication, Sacrifice Build Legacy, One Company Not Required Loyalty Office Only Baby Boomers 1946- 1964 Optimism, Work Ethic, Team Orientation Build a single Career No Negative Feedback Salary Long hours- office only Generation X 1965- 1981 Positive attitude, Goal Oriented, Multi-tasking, Think Globally Transferable Career Not Required Security/ Salary Office/Home - desires flexibility Generation Y (Millennials) 1982- 1994 Confidence, Sociability, Morality, Diversity, Technology Savvy Multiple Careers, Multiple Industries Constant feedback Personal Relationship Office/Home, Flexibility Generation Z (Digital Natives) 1995- 2012 Diversity, Social Responsibility, Global Connectivity, Technology Sophistication Gen Z prefers communicating through social networks and instant messaging, and considers email to be “so yesterday”. Just starting to enter the workforce.
  7. 7. 7 Global Trend #2 - Demographics • Working-age population declining in many countries • Japan and Canada more people exiting workforce than entering it. • 2010 first time more workers retired in Euro Labor Market (forecasted gap 8.3 million by 2030) • 2020, BRIC economies such as Russia and China more people at retirement age than are entering the workforce. • Younger countries, such as India, Mexico, Brazil and Indonesia, will benefit from these trends • Five generations in the workforce Source: Ernest and Young, ASTD, 2013
  8. 8. 8 Demographics - Why Does This Matter? Demographic changes in the workforce are accelerating rapidly Adapting your environment to meet the multi-generational and geographically diverse workplace needs Drive market leadership by aligning attraction, retention and engagement strategies to needs of diverse workforce. TREND: CHALLENGE: OPPORTUNITY:
  9. 9. 9 PWC Economics Global Trend #3 – World Economies “Emerging Economies forecast to be larger than the G7 by 2050”
  10. 10. 10 10 Country Comparisons Flag Population (millions) Growth Rate (%) Median Age (years) G7 (Developed) or E7 (Emerging) China 1,367 0.45 36.7 E7 India 1,251 1.22 27.0 E7 U.S.A. 321 0.78 37.6 G7 Indonesia 255 0.92 29.2 E7 Brazil 204 0.77 30.7 E7 Russia 142 -0.04 38.9 E7 Japan 127 -0.16 46.1 G7 Mexico 121 1.18 27.3 E7 Germany 80.8 -0.17 46.1 G7 Canada 35.0 0.75 41.7 G7 Source: World Fact Book, PWC Economics, 2015 Demographics - Developed and Emerging Country Comparisons
  11. 11. 11 World Economies - Why Does This Matter? Accelerated shift of global economic power, emerging economies set to grow much faster than G7 over next four decades Growing global competition is driving demand for skilled talent Multinational corporations that excel in developing diverse talent populations are likely to sustain a competitive edge. TREND: CHALLENGE: OPPORTUNITY:
  12. 12. 12 “Half the world will be online by 2017 ~ Approx. 3.5 Billion.“ ITU, 2014 Global Trend #4 – Technology and Innovation
  13. 13. 13  Anywhere access to information, at anytime and from any location, is a common trend  Consumer emails forecasted to decrease next 4yrs, opt to use social networking, IM and text messaging Global Trend #4 – Technology and Innovation Technology/ Social Media Global Frequency of Use Internet Users 3.1 billion - Mobile Phone Subscriptions 6.8 billion - Facebook Users 1.44 billion - Linkedin Users 364 million - Instant Messaging Accounts 2.9 billion - Email Accounts 3.6 billion - Email Traffic 144 billion daily Blog Posts 2.4 million daily Tweets 211 million daily Google Searches 1.5 billion daily Source: ITU, Internet World Stats 2013, The Radicati Group, worldometer, technorati
  14. 14. 14 Global Trend #4 – Technology and Innovation Source LeaderBoom Research, McKinsey Quarterly, Gartner, Global Innovation Index 2013 • Continuous reduction in technology costs • Increased global connectivity – i.e. smart phone usage, social networks • Increased use of translation technologies and global demand for “all in one” tech devices • Real-time transmission of information • At no other point in history has there been more global investment in R&D or has innovation been so well distributed among countries (Global Innovation Index 2013)
  15. 15. 15 Technology and Innovation - Why Does This Matter? In the midst of a communication era, where connectivity is a basic human right and is accelerating the need for innovationTREND: CHALLENGE: OPPORTUNITY: The existence of organizations today will be largely dependent on how well their leaders can adapt a workforce to this rapidly changing environment Develop the inner sustainability, passion and unique skills of the workforce to create sustainable organizational value
  16. 16. 16 “Companies are running 21st-century businesses from 20th-century workplace practices and programs.” Towers Watson Global Trend #5 – Workplace Transformation
  17. 17. 17 Global Trend #5 – Workforce Transformation Source: LeaderBoom Research, ASTD, www.workplacetrends.com  End of 9-5, work from home and less barrier between personal and professional  Reverse Mentoring between generations- to encourage career support  Flat Hierarchies, shared workspace, focus on team and collaboration  Intrapreneurship- adopting a start up culture to harness innovation and creativity (sustainable engagement)  Results orientation, dispersed organizations and customized benefits  Business Centers and touchdown spaces ~ work anywhere (home offices, corporate office, coffee shops and hotel lobbies)
  18. 18. 18 Workplace Transformation – Why Does This Matter? Changing global demographics, technology, and social network innovation are transforming the way we do work TREND: CHALLENGE: OPPORTUNITY: Adapting diverse workforce to the speed of change Sustainable Engagement~ energize your leadership to be a force behind the change
  19. 19. To learn more about our ground-breaking change management programs and executive training visit www.leaderboom.com, email info@leaderboom.com or call us at 1-855-818-2666

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