I’ve been thinking about the issues that I’m likely to find myself talking about at conferences and events across the coming year. Here are ten things that I think are set to shape and shape the global and Australian economies during 2016.
Ever had a lightbulb blow and then not replaced it for weeks because getting to Bunnings was such a trek? Or have you run out of bread only to find your corner shop closed? These little annoyances are just part of life...until now.
The last handful of years have seen something of an epidemic of extinction in the business community. Looking at businesses failures ranging from Borders to Billabong, Kodak and music giant HMV, brands and industries are quickly realizing that business-as-usual is no longer be enough. Peter Drucker’s insight in the mid 1980s is truer today than ever before: we must now run faster and faster just to stand still.
For anyone working in the technology sphere, you will know that your consumers are no longer confining technology to their work lives. People are demanding technological intelligence in every facet of their lives - from data around their workouts to a home that echoes the Jetson lifestyle we all grew up in awe of.
As consumer demands continue to disrupt the status quo, even the IT & technology industries aren't safe from becoming irrelevant. Gen Y's & Gen Z's are their own computer experts and will soon no longer require an 'expert' as they continue to become one themselves. So how does this dynamic industry protect itself & ensure it offers something that no consumer can replicate? Embrace the home! As commuting becomes a thing of the past - the companies identifying & adapting to this need will truly thrive.
In a world of constant change, how can we predict whether the role we play at work will continue to exist for years to come? In this thought provoking & no holds barred interview with ABC Radio, disruption analyst Michael McQueen gives us an insight into what industries will shortly become obsolete.
House prices are moving into very dangerous territory.
They are rising so fast and are moving to a point where there is a very real risk of a situation that spills over to poor borrowing decisions, relaxed lending standards and financial market malaise that would threaten to end Australia’s multi-decade economic expansion.
Recent years have seen scores of iconic businesses and brands fall by the wayside. The demise of Kodak, Borders and Nortel leaves us with little doubt – shift is happening and no organization or brand is immune to extinction.
Stephen Koukoulas is one of Australia’s most respected economists. His background covers the spectrum of economic insight - from his role as Chief Economist of Citibank to Senior Economic Advisor to the Australian Prime Minister.
In his latest article Stephen argues against the widely held belief that first homebuyers are being priced out of the market, showing us (and Bridie at The Guardian) that with a little frugality and some more realistic expectations, your first home isn’t just a dream.
2014 is upon us, a year that is already showing signs of being a devastatingly successful year for the transformation towards digital nativity… so what do I see the year bringing to the world of culture, behaviour and technology.
So many businesses are sitting here today faced with the knowledge that they are less relevant today than they were a year ago.
They don't quite know how it happened; everything seemed to be going so well. They were THE hottest product last January, but now the numbers say different.
Beware the Tyranny of Tradition Michael McQueen warns us in this cautionary tale of a business that gets slowed down by it's 'barnacles'
Every business needs to ask itself, are we innovating? Are we doing enough to ensure we remain streamlined? Or are we carrying the dead weight of processes and systems that are no longer relevant?
Scott is a visionary and banking innovator who, as Movenbank's Chief Mobile Officer is poised to disrupt the banking services industry with a mobile-centric offering unlike any other. In this fascinating piece Scott explores what our physical money actually means and how we can expect this to change in the not so distant future.
Some say that it makes the world go round, others call it the root of all evil. But what exactly is money? Why do we need it? And where did it come from?
It is harder to make a dollar in retail today than ever before. Recent years have seen the retail sector buffeted by a series of fierce and disruptive headwinds.
Indicative of this fact, consider the raft of retail brands such as Payless Shoes and Borders that have had little alternative than to file for bankruptcy as the going has gotten tough.
While a combination of factors have contributed to the woes of retailers, it is perhaps the ever-growing threat of technology and online competition that has had the greatest impact.
In this profile on the future of retail and consumer innovations, author and futurist Mike Walsh talks about the influence of social media on consumer behavior. He uses real-life examples like Japan's Tokyo Girls collection, which enables attendees to use their cell phones to scan the dresses they see and instantly order them. This segment appeared on Carte Blanche, a South African TV current affairs program.
What will be the office of the future? We were told that new technology would allow us to work from home, meet virtually and avoid travel – but if anything, as Yahoo employee recently found out – offices spaces are becoming more important and we are travelling more than before. The answer as to why may have as much to do with emerging ideas about innovation as an economic theory from the 19th century – Jevon's Paradox
Footage sourced from Cassidy Turley's State Of Real Estate 2013.
I was chatting with the fellow presenter at a conference in Singapore a few weeks ago about mobile phones and mobile devices and he said, “It’s used to be my barometer of interest…” As he presents he noticed when and where people reach for their phones and devices during his presentation because, as he described it, “it’s where the choice of the participant became ‘pay attention to the speaker’ or ‘pay attention to my device’ kicked and I would watch their attention tilt away from me to their damn devices.”
2013 feels uncomfortable in the mouth. The cultural baggage of the number 13 may be an influence of course. After all some building owners will deny a number 13 floor by simply going from 12 to 14 in their elevators listings.
So what does 2013 hold for us? What are some of the trends we need to be conscious of?
in 2013, retail, housing and finance should do well, sparked by lower interest rates and still low unemployment. Construction should start to turn higher, but manufacturing and tourism may well remain soft. The strong Australian dollar will not help. Mining will remain hostage to the world economy and that is looking problematic with China slowing, Europe in recession and the US still fragile. Don't bank on the boom in mining continuing.
The new financial year kicks off on 1 July 2012 and having watched the economy and financial markets for more than two decades, these calendar benchmarks are a good time to take stock, look ahead and think about the issues that are likely to impact on businesses and personal finances.
Before doing that, there is no doubt that in the last month or two, there has been some great economic news in Australia.
eriously...mobile at point of sale will change advertising as we know it
In Wikipedia, the universal arbiter of debates on definition or trivia, "Advertising" is defined as follows: a form of communication used to encourage or persuade an audience to continue or take some new action.