Running a business in the 21st Century in many ways is like pressing "reset" on our computer. Erasing all the information we used in deciding how best to operate a business due to the rise of new technologies, changing workforce demographic and the cultural shift in people's lifestyle needs that drive how they spend.
A business today needs to transform into the business that can serve the changing demands in the business and consumer marketplace. To accomplish this we need to shed costs by letting go of antiquated systems and processes that no longer make sense or produce the same value. We need to re-think about strategy in how we will attract a new type of employee who may not be found coming out of traditional post secondary schools but rather self taught through the growing use of the internet. Its also important to look at how you can aggressively compete for the desired workforce as we see a massive exit of retiring baby-boomer generation employees in the next 3 years. The importance will grow for companies to invest in planning to understand the technology futures for their industry and to invest in business simplification planning to cut costs while building a diversified market strategy to tackle a new breed of competition that emerges from the technology evolution we live in.
Its truly is the emergence of a bold and brave new world we are entering and the ability for companies to adapt their organizational planning and prepare their workforce culture will be the test of who's doors will be open 5 years from now.