Industrial Management

JAN-FEB 2014

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Global tectonics Part 1 Medicinal bananas and bionic eyes BY FARIBORZ GHADAR AND HORTENSE FONG EXECUTIVE SUMMARY In the span of a decade, biotechnology has evolved from an R&D; initiative to a major force in the agriculture and healthcare industries, from deciphering the double helix to cloning. While the healthcare industries will continue to prosper from biotechnology, manufacturers should prepare for an increase in biotech applications as well. As society continues to debate the morality of biotechnology, companies that develop safe applications accepted by a wary public and countries that overcome such concerns will reap enormous profits. 12 TRENDS CHANGING THE WORLD A decade has passed since we first conducted the Global Tectonics' study that identified 12 trends that would dramatically shape the future international business environment. Though many of our predictions are coming true, certain forces – such as the growth of social media – have had a much greater impact than expected. Given the rapid change the global business climate continually experiences, we have decided to update our initial study to better equip future leaders and to revisit the trends we identified that surprisingly remain the trends that thought leaders are most concerned about today. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 10 Industrial Management Biotechnology Nanotechnology Information technology Population Urbanization Disease and globalization Resource management Environmental degradation Economic integration Knowledge dissemination Conflict Governance

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