Every few generations major changes take place which shake the very foundation of the existing societies. We are going through one such period, though not it is even more strongly pronounced, thus called mega-change. Newer business models are manifesting themselves regularly while incumbents in different industries are losing ground. There are likewise societal changes accompanying the work pattern evolutions. There is growing anxiety in the developed markets regarding potential job losses due to automation. There have also been geo-political changes and related ramification across the globe from Russia to Venezuela and from Syria to France. A lot of countries have been slow to react to these changes and related business innovations. There is a dire need to bring the world together as happened in 1945, but it needs factors which will be very different from the Marshall Plan which was then implemented to rebuild post-war Europe.

Source:http://knowledge.wharton.upenn.edu/article/161018b-kwr-westbook/

Uploaded Date:03 March 2018