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The Four Global Forces Breaking all the Trends

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By Martin Conboy

global-trends 14The world economy’s operating system is being rewritten according to a new book No Ordinary Disruption, by McKinsey Global Institute directors Richard Dobbs, James Manyika, and Jonathan Woetzel. Highlighting the trends reshaping the world the book explains why leaders must adjust to a new reality.

These trends have major implications for the Outsourcing Industry no matter if you are in Manila, Delhi, London or New York. We have been writing quite a bit lately about technological change and its impact on BPO, however readers of this book will start to see that we also need to understand that trade and who trades with whom is also changing very quickly. Ignore these trends are your peril.

While it is full of opportunities, this era is deeply unsettling. And there is a great deal of work to be done.

Much of what we think about how the world works is wrong. We need to get a handle on the disruptive forces transforming the global economy; to identify the long-standing trends that are breaking; and to develop the courage and foresight to clear the intellectual decks and prepare to respond.

These lessons apply as much to policy makers as to business executives. The process of resetting your internal navigation system can’t begin soon enough. 

We need to get a handle on the disruptive forces transforming the global economy; to identify the long-standing trends that are breaking; and to develop the courage and foresight to clear the intellectual decks and prepare to respond.

There is an urgent imperative to adjust to these new realities. Yet, for all the ingenuity, inventiveness, and imagination of the human race, we tend to be slow to adapt to change. There is a powerful human tendency to want the future to look much like the recent past.

On these shoals, huge corporate vessels have repeatedly foundered. Revisiting our assumptions about the world we live in—and doing nothing—will leave many of us highly vulnerable. Gaining a clear-eyed perspective on how to negotiate the changing landscape will help us prepare to succeed.

Read More  http://www.mckinsey.com/insights/strategy/The_four_global_forces_breaking_all_the_trends?cid=other-eml-alt-mgi-mck-oth-1504
May 12, 2015
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