Last month, McKinsey Quarterly published a special edition, Management: The next 50 year, to commemorate its 50th anniversary. The special edition includes interviews with leading thinkers like Lou Gerstner on corporate reinvention and Robert Solow on the prospects for growth, as well as articles by McKinsey experts on the challenges of tomorrow, from the next frontiers for strategy to the evolving organization. The full issue can be downloaded here.
It’s lead article, Management intuition for the next 50 years, examines the disruptive forces shaping our environment. It starts by looking back 50 years at the 1964 environment as characterized by three key events: IBM had just announced the new System/360 mainframes, the Summer Olympics, - the first telecast via satellite around the planet, - took place in Tokyo, and the last of the baby-boomers were born that year.
“Fifty years later, the forces symbolized by these three disconnected events are almost unrecognizable. Technology and connectivity have disrupted industries and transformed the lives of billions. The world’s economic center of gravity has continued shifting from West to East, with China taking center stage as a growth story. The baby boomers have begun retiring, and we now talk of a demographic drag, not a dividend, in much of the developed world and China.”