Where is reinvention headed?
Zooming out to take a long-term view of the trends shaping human capital and business can help leaders set priorities for reinvention.
This year’s Global Human Capital Trends report argues that, to create value as a social enterprise in today’s dynamic and demanding environment, organisations must reinvent themselves—with a human focus—on three fronts: the workforce, the organisation, and HR. The 10 trends we highlight in these areas are of immediate concern to business and HR executives, issues on which leaders are being pushed to act today. But where will they take organisations five or 10 years from now, when the forces now at work have had more time to play out?
To set priorities for reinvention, we suggest that leaders first “zoom out” to envision their organisation, its challenges, and its place in society in 10 years’ time, considering where they want the organisation to be as well as the factors that may help or hinder its progress. Accordingly, we invite readers to “zoom out” with us to think about what each of the three areas for reinvention—the workforce, the organisation, and HR—might look like, or should look like, a decade ahead. Then, leaders can “zoom in” to identify two or three key initiatives in one or more of these areas that they can undertake within the next six to 12 months. These initiatives should be designed to solve short-term problems in a manner that will accelerate the path to the organisation’s long-term destination.