As highlighted in Hay Group’s recent book Leadership 2030, six powerful megatrends are transforming the global business environment as we know it: globalization 2.0, environmental crisis, technology convergence, individualism, digitization, and demographic change. These six megatrends are also fundamentally changing how people work and what they want from their employers.
Based on the survey* we conducted in connection with the 2015 World’s Most Admired Companies (WMAC) ranking, the megatrends and the challenges they present are very much on the minds of senior leaders in these organizations. Globalization, in particular, is at the forefront of business planning and strategies.
That’s because a new economic order is emerging, which we call “Globalization 2.0.” Power continues to shift to fast-developing markets in Asia – to India and China, in particular. In fact, the International Monetary Fund predicts that by 2050 only three of the top 10 world economies will be in the…
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