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Trends in 2006: What to Expect and how to Prepare

Trends in 2006: What to Expect and how to Prepare. Don Lee Donald A. Lee Executive Search. ABC NEWS TECHNOLOGY TRENDS OF 2006. EXPANSION OF WIRELESS INTERNET ACCESS VIDEO ON CELL PHONES VIDEO ON DEMAND EVERYWHERE CUSTOMIZED TECHNOLOGY AT HOME VLOGS BOOM IN INTERNET PHONE SERVICE

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Trends in 2006: What to Expect and how to Prepare

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  1. Trends in 2006: What to Expect and how to Prepare Don Lee Donald A. Lee Executive Search

  2. ABC NEWSTECHNOLOGY TRENDS OF 2006 • EXPANSION OF WIRELESS INTERNET ACCESS • VIDEO ON CELL PHONES • VIDEO ON DEMAND EVERYWHERE • CUSTOMIZED TECHNOLOGY AT HOME • VLOGS • BOOM IN INTERNET PHONE SERVICE • INTEGRATED DIGITAL MEDIA AT HOME

  3. THE MERCURY NEWSTOP 10 TECH TRENDS FOR 2006 • VIDEO • CELL PHONES DO EVERYTHING • INTERNET PHONE CALLS ZOOM • THE OFFICE MOVES TO THE WEB • STEM-CELL RESEARCH ADVANCES • BIOTECHS TARGET FLU VACCINES • EVEN SMALL START-UPS GO GLOBAL • VIDEO COMES TO THE BLOG • ON-DEMAND VIDEO EVERYWHERE • CLEAN TECHNOLOGIES

  4. CHURCHILL CLUB TOP TEN TECH TRENDS 2006 • RSS: A family of web feed formats, specified in XML and used for Web syndication. RSS is used by (among other things) news websites, weblogs and podcasting • PERSONAL ELECTRONIC HEALTH RECORDS • CHINA • OPEN SOURCE MEDIA REVOLUTION • STEM CELLS • CELL PHONE TEXT MESSAGING • TECH SAVY FOLKS OVER 30

  5. GENERATION Y & THE BOOMERS: GENERATION Y • Demographics: 75 Million between 12 and 25; children of boomers, 38% non-white. • Characteristics: Techno-savvy; connected 24/7; self-confident; optimistic; independent; goal-oriented; success driven; global- civic and community-minded; entrepreneurial. • Beliefs: Education is good; integrity is admirable; parents are role models. • Defining life experiences: Grew up basking in the “Decade of the Child”/children on a pedestal; most hovered over; came of age during time of incredible change. • Impact of technological advancement: Never experienced life without computers; all information is only a click away. • At work: Work well with friends and on teams; love a challenge; seek to make a difference; comfortable with speed and change; impatient; partner well with mentors; value guidance; expect respect. • First generation whose health may not be as good as their parents.

  6. THE GRAYING OF AMERICA • Boomers (born between 1946 & 1964) represent 27.5% of the population and 2.1 trillion in annual spending. • First boomer turns 60 in 2006 and preoccupation with midlife will become national obsession. • Critical issues for boomers as they face middle age: individual health and longevity; financial security; retirement; family; desire to make a difference; search for meaning. • Many over 50 consider middle age a new start. Fewer than 20% say they will stop working altogether. Boomers tend to re-invent each life transition they go through: 81% of those planning to retire expect to continue to learn, 70% to try new things; 65% to travel and 63% to spend time on new hobby of interest.

  7. FROM DIVERSITY TO EMBRACING DIFFERENCES • The concept of diversity itself is becoming diversified – it’s not just about race, it’s about income, sexual orientation, faith. • Half of the U.S. population growth is due to immigration. • Attitudes towards programs and philanthropy are affected by culture. • While we are unquestionably more diverse, we remain highly segregated: gated communities; affinity groups / housing on campuses.

  8. AND WHAT ABOUT: • NATIONAL HEALTHCARE • THE DIGITAL DIVIDE • SUPPLY CHAIN • OPTICAL • OUTSOURCING • STORAGE • STARTUPS

  9. ON THE FUNCTIONAL SIDE: • FINANCE • SOX WILL ABATE • AUDIT COMPANIES WILL PAY A PRICE • INFORMATION TECHNOLOGY • MORE OUTWARD FOCUSED • GLOBAL • SERVICES • INTEGRATION WITH PRODUCT SALES • SALES • MEASURED • CEO • POINT OF VIEW

  10. WHAT SHOULD YOU DO ABOUT ALL OF THIS? • STAY FLEXIBLE • HONE YOUR SKILLS • BE GLOBAL • DEFINE YOUR OWN FUTURE

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