Part 2: Predicting the Unpredictable
Areas of impact: Climate change and resource scarcity, IoT and increasing cost of living
Undoubtedly, climate economic and resource scarcity will put a severe strain on the earth’s limited supply of minerals, water, fuel, and other natural resources. For businesses, the balancing act will be tougher than many would expect.
In general, forward-looking leadership teams are committed to finding new and sustainable ways to grow their businesses while minimising operating risk and environmental impact. However, a surge in resource use as a result of growing population is posing a real challenge for governments all over the world.
There has always been conflict and competition for scarce resources. Taking into account the probable capabilities and behaviours of competition, many aspects of competition have been explored in great depth but rarely as a dynamic consideration.
As they say, opportunity only comes to those who are prepared. Often, we see how true this is as organisations, businesses and governments hire planners, strategists, visionaries and futurists to help them prepare for what may arise in a volatile, uncertain, complex and ambiguous world.
The urgency and the opportunity: Predicating the constraints the general world population has to face up to
How we predict the future to unfurl, opportunities that may arise and preparation that we undertake are often based on known trends that are conventionally a continuation of the information we have today. Here we present a glimpse of how today’s trends will impact the future individual, family and community in five areas; basic needs, quality of life, economic stability, governance and societal values.
In view of all the changes taking hold, strategy has been practiced whenever an advantage can be gained by planning the deployment of resources while simultaneously taking into account the probable capabilities and behaviours of competition.
In the absence of some constraints on major resources, in almost every case, the limit on growth, or size, is set by one’s ability to pre-empt a significant part of the supply. In general, based on the information conveyed across the infographics, it must be noted that:
- Every business, whatever their role, requires certain resources to enable it to persist.
- The ability to grow rapidly when conditions are favourable, and to survive long periods of adversity when conditions are unfavourable, can be a critical combination that offsets superiority in many other respects if the environment is cyclical.
Last but not least, to learn more about the topic, you can read the original article here.
A New Kind of Normal with Code of Origin
With the Movement Control Order in place, Malaysians under quarantine are spending time online now more than ever. In an effort to remain connected to the outside world, people from all walks of life are glued to digital media while working from home, and staying…
Solving the Society’s Problems is Now Businesses’ Business
In an article published by Reuters back in April, it was reported that as businesses with a mission to do good become increasingly trendy, social entrepreneurs said they were finding it harder than ever to tackle one of their major problems—explaining what they do. In…