One of the most profound effects of the Internet age is the â€œshrinkingâ€ of our planet. Advances in computing, Internet connectivity and mobile technology bring people together in ways we never could have imagined. A colleague, friend, business prospect or complete stranger is never more than a click away. This globalization of business and, at a more basic level, human connections changes everything.
The possibilities presented by the instant and global exchange of information ushered in a new era of global trade, an era where the most sought-after commodity is knowledge. Companies have unprecedented access to talented minds across the globe, completely changing the face of how businesses recruit and nurture knowledge workers. The old way of doing business doesnâ€™t exist, and those who cling to the past soon find themselves out of business.
With the intensely competitive world economy and recent global financial meltdown, businesses and individual contributors have been challenged to adapt to a new set of rulesâ€”or face utter failure.
These new rules are striking in contrast to the old. Instead of hierarchical, stifling management structures, global businesses transition to a labor force with newfound freedom to set its own pace, with flexible work arrangements, new wage options, incentives and even ownership paths.
These new standards mark a vital shift in business, where individual contributions to the whole are the true power behind the globalization of businessâ€”not just trade routes and supply chains.
This revolutionary, people-driven business model is a primary driver toward the future of collaboration.
As companies tap into global talent pools, expand supply chains or reach into entirely new customer bases, individuals and businesses of all sizes and scales now play in the global economy.
The keys to actualizing competitive superiority in this new global market lie in nurturing talented people and connecting those minds across the globe.
Today, every human resource in every country must interconnect and collaborate for the overall success of a global organization. The BYOD and BYOA phenomena, the consumerization of IT and the ubiquity of social media makes this global collaboration possible. Technology enables the global workforce to collaborate in real time, facilitating near-immediate reactions to changes in the world market and reducing time-to-market, lowering costs and enhancing worker productivity.
The business value for companies, whether derived from acquiring the best talent regardless of geography or capitalizing on new and untapped foreign markets, is potentially unmatched.
This article was my contribution toÂ a brand new eBook â€œThe Future of Business Collaborationâ€ which you can download here
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