Tuesday, October 5, 2010

Globally integrated, flatter, and leaner: the profile of a thriving global company in 2020

In September 2010, the Economist Intelligence Unit published the results of a quantitative study that demonstrated how the speed of change brought on by the evolutionary technological changes, the globalization of markets and the recent economic realities have forever redefined how companies must operate in 2020.

Because "speed" will increasingly become the keyword for success, companies will see a paradigm shift toward a more "just in time workforce" vs. a permanent workforce. Hiring local managers will guarantee an expeditious and seamless integration in new and emerging markets and HR will be a critical link between the centralized decision making authorities and the globally decentralized branches. Is your company ready for 2020?

"Global firms in 2020. The next decade of change for organizations and workers," Economist Intelligence Unit. Sep 2010: 1-32.

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