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The Next Society

The Next Society. Article By: Peter Drucker Presentation By: Shawna Pier. What will the Next Society Look Like. What will the Demographics be? What will the new workforce look like? What will happen to manufacturing? Will Corporations survive? How do we get there from here?.

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The Next Society

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  1. The Next Society Article By: Peter Drucker Presentation By: Shawna Pier

  2. What will the Next Society Look Like • What will the Demographics be? • What will the new workforce look like? • What will happen to manufacturing? • Will Corporations survive? • How do we get there from here?

  3. The New Demographics • Increase in elderly population • Decrease in population under 35 • Retirement age will reach 70 by 2030 • America’s population will continue to grow while other developed countries population will fall • This is due to immigration • The United States is used to immigration and it will be needed to staff the under 35 workforce.

  4. The New Workforce • The new workforce will consist of knowledge workers • Knowledge workers do not produce material goods, but use their knowledge to produce intangible goods. • Knowledge workers own their own capital

  5. New Workforce Cont. • There will be two distinct workforces • One will be made up of people over 50 • One will be made up of people under 50 • Organizations will no longer last longer then their employees • Factory workers will be fazed out in the United States just like farming. • Less people are required to work in manufacturing facilities because of new technology.

  6. The Manufacturing Paradox • Farmers used to account for the largest single group in the workforce • Now they only account for 3% • The same thing is happening to Manufacturing jobs • With new technology firms are able to produce more with less people. • These people are made up of more knowledge workers now then the hands on type of employee of the past. • These manufacturing jobs require higher education then before.

  7. Will the Corporation Survive? • It will survive, but not as we know it • Instead of Employees working for a firm, Employees will be considered partners or Associates of a Firm • The means of production is knowledge and knowledge is very portable • You can take your knowledge anywhere • A Growing number of Employees will become part-time workers, consultants, and contractors because they are able to take their knowledge anywhere.

  8. The Way Ahead • The future corporation • Firms should start experimenting with new corporate forms • People policies • Enterprises must attract, hold, and make productive people who have reached official retirement age. • This will help with attaining knowledge from the more experienced workers • Outside information • This information must be attained to help the corporations know what is going on elsewhere • The internet has been a good source for outside information, even though it is disorganized

  9. The Way Ahead Cont. • Firms need to become Change Agents • They need to start the transition • The most effective way to change successfully is to create the change. • We are predicting the change, so use the predictions and apply them to the firm

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