Megatrends and Complex Megatrends Flashcards
Describe the general concepts of Megatrends.
Megatrends focus on macroeconomic and geostrategic forces that shape the world. It covers a large range (global) and takes into consideration major impacts, “long-time” horizon and are factual and often backed by verifiable data.
Name the 5 SIMPLIFIED exemplary megatrend concepts.
- Shift in global economic power - new economic world order and shifting of power centers
- Demographic shift - aging population and skills shortages
- Accelerating urbanization - increased mass influx into urban centers
- Rise in technology - digitization of value chains, Internet of Things and new cooperation models
- Climate Change and resource scarcity - environmental crises, climate change and scarcity of natural resources
What is happening with the demographic shift in age across the globe?
People are living much longer, so the world population of people age 60 years or older is increasing and it is predicted by 2050 it will have increased by at least 21%.
What is happening with the demographic shift in the world’s Youth? What challenges do they face?
9 out of 10 people between the ages of 10-24 live in less-developed countries. 73.4 million youth between the ages of 15-24 are unemployed and 57 million children are not enrolled in school. This data proves the difficulty that demographic shifts bring to management as a whole.
Name some of the challenges/changes of ‘Demographic change.’ (complex Megatrend)
Regional development asymmetries, global population aging, urban growth regions and increasing migration waves
Name some of the challenges/changes of ‘Social disparities.’ (complex Megatrend)
Increasing precarious living conditions, increase in wealth concentration, intensification of social conflicts and increasing rural-urban disparity.
Name some of the challenges/changes of ‘Differentiated Lifeworlds.’ (complex Megatrend)
Weakening of traditional gender roles, new forms of individuality, dynamic biographic development, complex identity formation and global patterns of consumption.
Name some of the challenges/changes of ‘New political Work Disorder.’ (complex Megatrend)
Multi-polar world, asymmetrical conflict lines, authoritarian varieties of democracy, dismantling of welfare provision and regional integration projects
Name some of the challenges/changes of ‘Digital transformation.’ (complex Megatrend)
Digital networking in everyday life, new opportunities through “big data,” the establishment of loT paradigms, breakthrough in the fields of artificial intelligence and robotics and the vulnerability of critical infrastructure.
Name some of the challenges/changes of ‘Biotechnical transformation.’ (complex Megatrend)
Development of modified and synthetic organisms, improvement of human abilities, “smart materials,” and new construction principles and existential risks.
Name some of the challenges/changes of ‘Volatile Economy.’ (complex Megatrend)
Global debt(?) overload, concentration of productivity and profits, erratic economic and trade policy, disruptive change in industry structures and short-term investment patterns.
Name some of the challenges/changes of ‘Global power shifts.’ (complex Megatrend)
Emergence of new powers, growth f the global middle class, increasing influence of non-state actors, shift form states to municipalities and “women on the rise.”
Name some of the challenges/changes of ‘Business ecosystem.’ (complex Megatrend)
New interface markets, expansion of the platform economy, sharing as a business model, the flexibility of production systems and shared values as a new paradigm.
Name some of the challenges/changes of ‘Anthropogenic environmental damage.’ (complex Megatrend)
Anthropogenic climate change, increasing environmental pollution, loss of biodiversity, increasing volumes of waste products and tightening of regulations in relation to the environment.
Name some of the challenges/changes of ‘Changed work environments.’ (complex Megatrend)
De-centralized organization, assisted and automated working, more complex tasks, dynamic skills development and increasing diversity.