Showing posts with label trends. Show all posts
Showing posts with label trends. Show all posts

Wednesday, May 26, 2010

Top 10 future issues in the mining industry

Thing the mining industry is a staid, slow-moving environment that doesn't have to worry about the future?
Think again.

Deloitte says: "Few mining organizations truly were prepared to address the volatility assailing the sector in 2009. Over a course of barely two years, commodity prices reached record highs and serious lows. As a result, mining companies have been forced to question whether their strategic frameworks were sufficiently flexible to weather both market upswings and downswings.
To help mining companies address these concerns, Deloitte’s Mining practitioners from around the world once again identified the top ten issues emerging in the global mining sector... By gaining a better understanding of these and other key issues facing the industry in the near term, mining companies can do more than prepare a short-term response plan. They also can begin to develop a full range of strategic options designed to position them to weather a wide spectrum of possible future scenarios. Only with this approach can they begin to harness the opportunities that lie within volatility."

Report available for free download:
http://www.deloitte.com/view/en_CA/ca/industries/energyandresources/21920becf...

The top 10 issues:
1. Securing local supply
2. Commodities, currencies and cost
3. Demand management
4. The spread of sustainability
5. Cost of capital
6. Contending with a changing climate
7. Extreme mining
8. The valuation abyss (M&A issues)
9. Big brother is watching (govt intervention)
10. Infrastructure costs

Posted via email from The Future Café: People, Policy, Trends, Technology, Leadership, Foresight, Innovation, Design

Monday, January 18, 2010

The Professions of the Future

A bit more on the future of work and the workplace. I picked up here what I thought was a really good piece of futures thinking, by Sam Vaknin, Ph.D., apparently from 2002. I particularly like the willingness to think about the future from first-principles (understanding human/ anthropological fundamentals, but making the minimum of assumptions beyond that) and the part at the end about seeming trends and recurrent illusions

'Predicting the future is a tricky business. There have been countless ridiculous failures at identifying the trends and products which will determine the future shape of our life and our environment. Even more difficult is trying to guess which of us will be deemed a useful member of the community – and which an obsolete relic. To a large extent, the answer to this question lies in determining the useful professions of the future. This is an age when people are determined, defined and categorized in strict accordance with their professions.
Whereas during the Renaissance, a person might have been defined by his range of interests (remember the likes of Leonardo da Vinci), by his familial, religious, or ethnic affiliations, by his or her gender and so on – today the first and foremost question is a person’s profession. The first question that we must provide a clear answer to is: What constitutes a profession (as opposed to a hobby), a vocation (as opposed to an avocation)? To qualify as a profession, the act must bear the following hallmarks:

It must be continuous and pursued for a long time.
It must occupy most of the waking hours.
It must yield earnings or compensation whether in money or in kind.

The person must have an advantage in that field of knowledge or activity, at least over laymen. In other words, the categories of laymen and expert – which are the result of highly specific education – must exist and prevail.

It must be hierarchically layered with clear flows of professional authorities and responsibilities and with a clear career path (progressing up the professional ladder).

The second relevant question is: What are the trends which determine our future? It is useless to look at microtrends. These are too volatile and, in principle, unpredictable. Much more important are the trends that last for hundreds or even thousands of years. These are usually not the results of technological conjuncture or geopolitical upheavals. Rather, they are the outcomes of characteristic human activities which are uninterrupted. Healthcare, for instance, is such a human activity. Humans – terrified of death and infirmity – always wanted and are very likely to continue to want to improve their health and thus to postpone the inevitable and better the quality of what is available.
Another such overriding tendency is education: this is a part of the human survival kit. By educating oneself, by studying a profession, by learning more about the world – one better one’s chances to survive. Out of this set of human, almost deterministic activities, a group of overriding trends emerges:

From Less Mobility to More Mobility
People, goods and, lately, information became and become, daily, more and more mobile. Physical distance has been shrunk. A global marketplace has formed. Information is almost instantly available anywhere. This was described as the global village – an outdated concept which might soon be replaced by the global home. All the professions which has to do with more mobility will benefit and represent preferred professions of the future. The moving of people: pilots, drivers, the car industry, sophisticated traffic planners and automotive innovators, tourism related professions and so on. The moving of goods: shipping, trucking, air and modern train travel. This area is already so specialized that I do not consider it as offering opportunities in the future (put differently, I do not regard it as a growth industry). The moving of information (today dubbed: “The Service Industries”): Trading systems, the Internet, Networking and communications related professions, the field of communications within the computer industries, telecommunications, entertainment related professions, technologies of banking. The creation of destinations for people, goods and information (commonly known as Markets or Marketplaces): advertising, marketing, trading, design, image and public relations experts.

The Age Polarization of Society
Better medicine will lead to a polarization of the age structure of society: there will be more older people and more younger people. Gradually, as birth rates fall and contraception becomes widespread, a reverse pyramid will be formed: most people will be middle aged and old. This offers a clear view of professions which will be required in the future: Professionals to take care of older and younger people (which have very similar needs): nurses, paramedics, nannies, entertainers, leisure time professionals, companions, specialized equipment manufacturers, operators of homes for the very old or for the very young, pension planners, manufacturers of specialized medical and paramedical needs and products for both age groups, legal and accounting specialists in pension and inheritance laws and tax planning. Virtually every industry and field of human activity will have to adapt themselves to these demographic changes. Age-related expertise will develop in each one of them. This applies to the arts (mainly music and cinema) as well as to the crafts, to industry as well as to agriculture, to infrastructure as well as to government. Human society will be enormously influenced by these shifts.

The Fragmentation of Society
Initially, society was composed of very large units. People belonged to tribes “nations”. These were groupings of up to hundreds of thousands of people. They felt amply defined by this belonging. Nothing was left out when you said that a certain person was “Hebrew”. Nothing needed to be added. Stereotypes were more than sufficient and, usually accurate.

Later, the concept of family fully emerged. First, in a very extended form: the family comprised a few generations and all removed family (blood) connections. Gradually, the family shed more and more layers. People began to be called by family names only 250 years ago. The nuclear family was an invention of the 19th century, when the industrial revolution and modern methods of transport and communication broke families apart. Even this relatively small units came under a debilitating attack in the last 50 years and the nuclear family underwent a nuclear implosion, it disintegrated. Today, the basic unit of society, its cell, its atom, is the individual.
People will tend to isolate themselves: stay more at home, work from it with flexitime, form and break up short term attachments to other humans or be engaged in non-committal activities with others, activities which will not threaten their absolute freedom and mobility. Solitary media will be predominant: the Internet is a one-user medium (television was a family medium).

The professions which will cater to the needs of individuals and separate them from society (while maintaining the survival need to communicate) will be the professions of the future: Internet, entertainment (especially customized), telecommunication, singles-related industries (dating and couple matching, for instance, single’s bars, to mention another), virtual reality, small businesses which can be run from home, agencies for temporary work placement and other professions catering to the conflicting human needs of being together while being alone.

All the other seeming trends are recurrent illusions. There have been ages of more or less democracy, more or less market orientation, more or less polarization between rich and poor people. The human race experienced numerous forms of government, of marriage, of economy, of management, of residence, of production, even of trying to predict the future. It was the wisest of all men, King Solomon, who said: 'There is nothing new under the sun'. True, but it is getting stronger."

Tuesday, November 17, 2009

Corporate foresight for banking and for business in general

In a competitive market dominated and shaped by changing environments and trends, knowing what the future holds would be handy, if we could have that knowledge. We can't of course, but there are things we can do. In this Bernet & Partner video shown on Private Banking Innovation, Axel Liebetrau, a consultant affiliated with the German ‘Zukunftsinstitut,’ offers a quick but solid overview of the why's, wherefores, and limits of foresight work in companies. He makes a particular pitch for 'creativity' in the banking industry, implying a solid view of the future should be the basis of innovation across product, service, workforce or technology-adoption models.