Roaring 2000 s The Greatest Boom in History

Roaring 2000 s 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. 2

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. 3

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. 4

8 Critical Technology Trends 1. Vastly expanded computer power. (Voice and teleconferencing. ) 2. Mass consumption of portable and home computers. 3. Computers evolve into simple, inexpensive appliances. 4. Microprocessorembedded home appliances linked through the Internet. 15 to 1 5

8 Critical Technology Trends 5. Consumers rapidly move online. Mail order to email. 6. Expansion of communications bandwidth. More power. 7. Object-oriented programming for customized software. Icons, Java, digital agents. 8. Increased computer literacy, due to an aging population. 6

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

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

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, fastchanging environments. 9

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