Five Business Trends for 2017
Industry 4.0, gamification, antiglobalization, populism and recovery are the key themes of the year ahead
Industry 4.0, gamification, antiglobalization, populism and recovery are the key themes of the year ahead / Photo: iStock | Author: Funky-data
In addition to economic recovery, industrialization, ludification, antiglobalization and populism are the trends taking center stage in 2017, which political and business leaders must face. IESE Profs. Núria Mas, Mireia Las Heras, Marc Sachon, Pankaj Ghemawat and John Almandoz explain.
Interest rates to climb, the forecast is for moderate growth in the United States, with the ratio of unemployed persons per job opening falling to 1.2. Meanwhile, Western Europe’s economy is recovering more slowly with volatility anticipated, due to Brexit.
In Eastern Europe, Russia is driving a return to growth. In the Middle East and Africa, oil-producers, like Qatar and Nigeria, may benefit from rising energy prices. Yet the outlook is not so rosy for Latin America, dragged down by Brazil’s weakened prospects.
Asia is expected to be the region with the fastest growth, boosted by both India and China, although the latter is expected to see its growth march continue to slow down.
To face these economic and geopolitical trends head on, Professor Núria Mas recommends that business leaders:
Digitization will continue to change the way we select and develop talent. For example, gamification is now engaging employees in the process of learning new skills and competencies in a way that’s more fun, memorable and efficient.
Professor Mireia Las Heras suggests the following to better recruit and manage talent:
Although it will probably be 2020 before we see the fully connected factory, the potential of Industry 4.0 is already making itself felt. Smart machines and 3-D printing will facilitate nimble manufacturing in 2017, allowing companies to react quickly to changes in demand and in the environment.
According to Professor Marc Sachon, you should consider the following:
Although it may seem we are witnessing deglobalization, the flows of foreign direct investment have only grown in recent years. In fact, the DHL Global Connectedness Index 2016 indicates that global connectivity grew about 8% between 2005 and 2015.
For globalization strategies, Professor Pankaj Ghemawat points out:
Populism and doing whatever it takes to win are two ways to compete in politics and business, but great leaders will think more about their lasting contributions to society.
Professor John Almandoz invites you to: