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

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

3. 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.

4. 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.

5. 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

6. 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 .
Expansion of communications bandwidth. More power.

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

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

9. 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.

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