Dear Prof. Bholanath ji,
Congratulations for undertaking Curriculums-2020 Global Initiative; it takes strong leadership, willingness to adapt to changing needs and a keen awareness of the global marketplace. Having such a foundation can only foster innovative, game-changing technology. I shall certainly look forward to keeping active link with the group on this.
The middle class in developing countries will redefine markets. In parallel to population growth, we’ll see a marked shift in the balance of economic power. Western tastes and influences will no longer dominate the world consumer goods market, as the buying power of middle classes in China, India, Brazil, and Russia booms. From less than 2%, Indian Middle Class will have over 10% of 2020 Global buying power - at no.3 leading to 25% by 2030 becoming no;1. We should expect to see global tastes in fashion and entertainment more influenced by these newly dominant economies. Between now and 2020, nearly 1 billion youth will reach adulthood and Urban areas will be home to more than 60% of the world’s population by 2020.
- To foster future success, enterprises must begin to operate with a mindset that benefits its customers and its employees.
- Success will require a blend of hiring people who grew up in these growth economies as well as flexible and adaptable business processes that develop products, services and messages to meet local preferences, tastes and needs.
- Collaboration and cooperation of all stakeholders on any level(s) cross the organization(s) to make the full potential of all involved people available for the enterprises in 2020.
- We need to cater for a global, distributed, diverse workforce, many of whom are working from small hubs or home office.
Congratulations once again.
Thanks and regards,
Prof. G.S.Autee
MIT, Aurangabad-431028 MS India
Email: govind.autee@mit.asia
Tel: +912402375281; Mobile: +91 9689949953
http://www.mit.asia/engg-future.aspx
Sent: Wednesday, October 29, 2014 10:46 AM
To: join_mtc
Subject: [MTC Global] Not just Manager but Global Manager: Shifting focus
MTC GLOBAL- Educate, Empower, Elevate
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