Online networks may overcome labour shortages and integrate a global pool of talent
Extract:
The battlefield for talent: In the coming decade, a global strategy for talent will be as important to many companies as a global strategy for sourcing or manufacturing is today. Two themes stand out. First, the growth of knowledge-intensive industries underscores the importance and scarcity of well-trained employees. Second, the integration of global labor markets is opening up vast new sources of talent. Indeed, more than twice as many university-educated young professionalsâ€â€33 millionâ€â€are available in developing countries as in developed ones.
[...] Structures 3.0 The structures created by social and business entrepreneurs are likely to try to harness the unique contribution of individuals toward a common objective. These structures will create online political, industrial and social networks on a global scale. Some structures and ventures will succeed. Others will fail. Over time these new structures are likely to deliver significant economic benefits. Many may be based on the spirit of free software. Many will be based on the principles of open source. These new structures will deliver significant opportunities for social, economic and politcal development.Economic development 4.0 Online networks are likely to have an impact on efficiency. Individuals contribution based on interest and passion are likely to produce better outcomes.Online networks may overcome labour shortages and integrate a global pool of talent. Organisations can also access a global pool of talent. However, greater efficiency is important to economic development, but it is not the greatest impact that will come from the evolution of open source. The greatest impact of open source will be to ensure our industrial, political and social organisations effectively service their customers. Online networks will make organisations, open transparent and accessible. Many organisations today are proprietary, not transparent and inaccessible. We will be able to watch our organisations in real-time, provide feedback for community review, change where we spend our time and money, and how we vote - all based upon collective knowledge, rather than individual perception. [...]