07: Changing values – relentless technology change

Global competition and rapid technological advances will profoundly continue to change the nature and content of work in the workplace in the coming decade. These shifts are creating new paradigms, which differ significantly from the core values that have been crucial to the success and survival of the business enterprise for decades. The new economic age is challenging in many ways the traditional values such as pension and other social systems, but it is also providing us with new opportunities. The capacity to anticipate these opportunities and manage them in a timely and acceptable way is one of the key success factors for competitiveness and wealth creation of companies and economies as a whole. The new economy will require new paradigms in how we educate, train, and develop the workforce. In this brave new world, it will increasingly become important to re-consider outsourcing business strategy to poor countries and to achieve a balance between work and private life. More importantly, there will be a need for a workforce that will accept the relentless change and challenge with passion and enthusiasm and will turn them into opportunity for success.