MANAGING in the

NEW WORLD

Over the last few decades, knowledge work has been given paramount importance, yet that is set to modify. With technology playing increasing role in our lives, paradoxically people with good inter-personal communications are gaining credence. An example of this shift is the reduction in production and transactional work profiles especially in the developed world due to a combination of the use of robots and outsourcing to developing countries.Management consulting firm McKinsey has conducted a study to gauge this trend in numbers and there has been a stark increase in jobs of high or low skills but involving human interactions. Thus the pinnacle of science, technology, engineering and math (STEM) is set to move towards proper human interactions and communication skills.

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