Managers aim to improve their performance every day, but in many cases, doing a little better is not enough. Change is hard and risky. Many managers wait until their backs are against the wall before they start rethinking their bussiness models. Social scientists and behavioral economists find that we "human beings" are biased toward the status quo and resist changing our assumptions and approaches even in the face of the evidence. Is this true for the new Millenial-Y generation or it will be different?
To celebrate McKinsey Quarterly’s 50th anniversary Mckinsey has published this article about Management intuition for the next 50 years
The collision of technological disruption, rapid emerging-markets growth, and widespread aging are the three causes that will put the new managers at the edge of a cliff:
- Dynamism in emerging markets: Do you know where Taiyuan is?
- Technology and connectivity: Do you know the Moore's law?
- Aging populations: Fertility rate projections