The Greatest Boom in History 1998 – 2009 Harry S. Dent

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Presentation transcript:

The Greatest Boom in History 1998 – 2009 Harry S. Dent Roaring 2000s The Greatest Boom in History 1998 – 2009 Harry S. Dent

Generations Drive Economy Family spending cycles: Age 26 – 47 families spend the most $. Boom periods last 26-29 years followed by bust periods, 12-14 years, after the generation has peaked in its spending.

80-Year Economic Revolutions Every 80 years, or every 2 generations, we see an economic revolution. Generations swing back and forth between being more individualistic or being more conformist. Major changes in technology.

Making Way for the New “An old economy must die for a new one to emerge.” Outmoded industries, products, services and business practices disappear. School systems fail for lack of consensus as to how to prepare children for the world they will inherit.

8 Critical Technology Trends Vastly expanded computer power. (Voice and teleconferencing.) Mass consumption of portable and home computers. Computers evolve into simple, inexpensive appliances. Microprocessor-embedded home appliances linked through the Internet. 15 to 1

8 Critical Technology Trends Object-oriented programming for customized software. Icons, Java, digital agents. Increased computer literacy, due to an aging population. Consumers rapidly move online. Mail order to email. Expansion of communications bandwidth. More power.

New Network Corporation The Whale: Old structure of business. Produced standardized products. Top down authority. Whales don’t dance.

New Network Corporation Front line employees most important. Specialized Generalists – specialty is customer knowledge; generalists in being flexible in their skills.

Specialized Generalists –Front line Service-oriented, like dealing with people. Have interest and experience in the arena of customers’ interests. Enjoy creative problem solving. Excellent communications skills and work well with others. Action-oriented; thrive in small, fast-changing environments.

Generalized Specialists – back line Provide expertise on demand. Assist front-line workers. More technical than people-oriented. Will need to focus on continuing education.