Trends in 2006: What to Expect and how to Prepare Don Lee Donald A. Lee Executive Search
ABC NEWSTECHNOLOGY TRENDS OF 2006 • EXPANSION OF WIRELESS INTERNET ACCESS • VIDEO ON CELL PHONES • VIDEO ON DEMAND EVERYWHERE • CUSTOMIZED TECHNOLOGY AT HOME • VLOGS • BOOM IN INTERNET PHONE SERVICE • INTEGRATED DIGITAL MEDIA AT HOME
THE MERCURY NEWSTOP 10 TECH TRENDS FOR 2006 • VIDEO • CELL PHONES DO EVERYTHING • INTERNET PHONE CALLS ZOOM • THE OFFICE MOVES TO THE WEB • STEM-CELL RESEARCH ADVANCES • BIOTECHS TARGET FLU VACCINES • EVEN SMALL START-UPS GO GLOBAL • VIDEO COMES TO THE BLOG • ON-DEMAND VIDEO EVERYWHERE • CLEAN TECHNOLOGIES
CHURCHILL CLUB TOP TEN TECH TRENDS 2006 • RSS: A family of web feed formats, specified in XML and used for Web syndication. RSS is used by (among other things) news websites, weblogs and podcasting • PERSONAL ELECTRONIC HEALTH RECORDS • CHINA • OPEN SOURCE MEDIA REVOLUTION • STEM CELLS • CELL PHONE TEXT MESSAGING • TECH SAVY FOLKS OVER 30
GENERATION Y & THE BOOMERS: GENERATION Y • Demographics: 75 Million between 12 and 25; children of boomers, 38% non-white. • Characteristics: Techno-savvy; connected 24/7; self-confident; optimistic; independent; goal-oriented; success driven; global- civic and community-minded; entrepreneurial. • Beliefs: Education is good; integrity is admirable; parents are role models. • Defining life experiences: Grew up basking in the “Decade of the Child”/children on a pedestal; most hovered over; came of age during time of incredible change. • Impact of technological advancement: Never experienced life without computers; all information is only a click away. • At work: Work well with friends and on teams; love a challenge; seek to make a difference; comfortable with speed and change; impatient; partner well with mentors; value guidance; expect respect. • First generation whose health may not be as good as their parents.
THE GRAYING OF AMERICA • Boomers (born between 1946 & 1964) represent 27.5% of the population and 2.1 trillion in annual spending. • First boomer turns 60 in 2006 and preoccupation with midlife will become national obsession. • Critical issues for boomers as they face middle age: individual health and longevity; financial security; retirement; family; desire to make a difference; search for meaning. • Many over 50 consider middle age a new start. Fewer than 20% say they will stop working altogether. Boomers tend to re-invent each life transition they go through: 81% of those planning to retire expect to continue to learn, 70% to try new things; 65% to travel and 63% to spend time on new hobby of interest.
FROM DIVERSITY TO EMBRACING DIFFERENCES • The concept of diversity itself is becoming diversified – it’s not just about race, it’s about income, sexual orientation, faith. • Half of the U.S. population growth is due to immigration. • Attitudes towards programs and philanthropy are affected by culture. • While we are unquestionably more diverse, we remain highly segregated: gated communities; affinity groups / housing on campuses.
AND WHAT ABOUT: • NATIONAL HEALTHCARE • THE DIGITAL DIVIDE • SUPPLY CHAIN • OPTICAL • OUTSOURCING • STORAGE • STARTUPS
ON THE FUNCTIONAL SIDE: • FINANCE • SOX WILL ABATE • AUDIT COMPANIES WILL PAY A PRICE • INFORMATION TECHNOLOGY • MORE OUTWARD FOCUSED • GLOBAL • SERVICES • INTEGRATION WITH PRODUCT SALES • SALES • MEASURED • CEO • POINT OF VIEW
WHAT SHOULD YOU DO ABOUT ALL OF THIS? • STAY FLEXIBLE • HONE YOUR SKILLS • BE GLOBAL • DEFINE YOUR OWN FUTURE