the business world of 2040
DESCRIPTION
We predicted what the business world of 2040 would look like with the formation of a new corporate structure that resembles a circuit board. Real companies will have virtual locations and the HR Department is going to become a lot more significant in terms of employee retention, attraction, and lowering turnover rates for companies. A report card system will be implemented to grade companies and rank employees - just the way students are incentivized in school. We are shifting towards a more educational model and are interested to see how the knowledge economy of 2040 will endorse the most tech-savvy and diverse employees known to the business scope.TRANSCRIPT
meet the team.
ABEEHA BATOOLAssociate Futurist
GARY JHAMBEconomic Specialist
the ingredients.
The Formula
Circuit Structure
Types of Changes
The Cycle of Change
Next Steps
the formula.HR
HR
HR
HR
CEO
CEO
CEO
CEO
Human Resource
Department
Human Resource
Department
EE
EE
EE EE EE
EE
EE
BoardOf
Directors
BoardOf
Directors
MarketingDepartment
FinanceDepartment
AccountingDepartment
ExternalHRM
DepartmentSales
Department
Operations& LogisticsDepartment
R & DDepartment
CEOCEO
YEAH BUT…• Reduces power
distance• Separation of HR and
External HRM• Incentivize employees• Emphasizes cultural
fit; not just positional• Increases
communication
• Increases cost structure
• Long-term adjustment required
• Power delegation will face criticism
• Negative ripple effects occur due to structural misplacement
the adjustments.
Demographic
Political Social Environmental
DEMOGRAPHIC
96DIVERSITY COLLABORATIO
NMULTILINGUALISM AGE
POLITICAL
ORGANIZATIONAL POLITICS
CONTINGENCY PLANS
“HE SAID WHAT?!”
PLAN B, C, D,
…Z
SOCIAL
SUSTAINABILITY
ETHICS COMMITTEE
CULTRURAL VS. POSITIONAL FIT
social platform.
ENVIRONMENTAL
the cycle of change.
2014 2027 2040Time
Acc
epta
nce
resistance vs. acceptance.
2014
2027
2040
now what?
AIRPORT
RANDOM
CHECK!
RANDOM
CHECK!
the ‘aha’ moment.ASSETS
Smith $5,000
Jasmeen $8,000
Rick $10,000
Ezra $15,000
HUMAN CAPITAL VALUATION SCORECARD
Smith 30/50
Jasmeen 40/50
Rick 42/50Ezra 50/50
Productivity, project success/failure rate, Client relations, cost-benefit analysis, training, etc.
thank you.
QA
potential questions.• What are the key implications of centralizing HR as
opposed to the CEO and BoD?• How can the resistance experienced by
organizations reduced to increase the chances of adapting the circuit board structure?
• Explain the significance of the external HR department?
• Explain your rationale for the gradual disappearance of social media platforms by the year 2040.
• What are the ramifications of moving from a physical location to a virtual location?
• How do you see HCM being measured by the year 2040?