Future Predictions – Business Structure

Future Predictions – Business Structure

Expectations of Future Business Settings

With the exciting onslaught of many new technologies, the future looks to become a more customized and individualized experience. To stay relevant and engaging business structure will have to evolve. This is how I believe businesses will evolve.

Engagement: People are constantly looking for a career which is fulfilling and engaging - this will continue in the future. To keep key employees, businesses will evolve to ensure engagement and productivity. Engagement happens when an employee is surprised, intrigued, and challenged – not shocked, provoked or alarmed. Based on this, the best businesses will enhance the relationship between an individual and their productive outputs. Case and point on driving fulfillment – the renewed and growing entrepreneurial spirit of the American public. Additionally, to ensure engagement the best businesses will challenge the inventiveness of its employees – combining intelligence, communication, adaptation, innovation, analysis and creativity.

Roles/Responsibilities: New and evolving business will be less silo-ed to enhance productivity; customize personal development and development; and to keep up with the speed and evolution of the market. There will be less people that do a single role or responsibility. Positions are already becoming an amalgamation of responsibilities and this will become further formalized. Marketing becomes public relations or customer service. Sales becomes customer service and marketing. Finance becomes marketing and business development. Engineering becomes customer service and sales. Based on these transitional areas, there will be further definition and further role integration. I do not think that businesses will follow the route of Bharti Airtel and shrink the entirety of the business to its core responsibilities, outsourcing the rest of the activities to other companies whom specialize on a particular function. There will be a consolidation and focus on critical activities to create efficiency, enhance the spread of ideas, improve capabilities, and react faster to ever-changing markets, competitors and economies.

Work/Life: With the free, open spread of all information the work/life balance will be further melded. The productivity of employees will continue to increase with the integration and implementation of software automation. All of one’s life will be managed through the networks of information where they can be monitored. Everything from money to stress will be managed through sensing and software resources, which can be integrated into both work and home life. Value will be based on efficiency, customization and integration of this software. If the market proves efficiency, the business value of efficiency will drive the removal of commuting. Parenting and home relationships will create further information and control. Parental control and monitoring will become more widespread with the advances in monitoring and tracking through sensors and electronics. Work and life, among other things, will become more customized and individualized.

Do you agree? What are your thoughts and predictions?

-thePonderingNick