Futurescape: A FedEE® White Paper
In widely automated and optimised business environments management will be left to three principal functions – Finance, Operations and CAP (Corporate Assured Performance). These three executive directors will run the company between them, with either a rotating Chairperson or joint collective accountability. The CEO position will disappear.
Under CAP will be resource managers (combining HR and facilities management), Promotion (marketing and PR) and Support (specialist/networking IT, QC and Admin). The operations function will include production, distribution, purchasing/supply and sales. Finance will remain largely unchanged, but the shareholder and government relations side of the job will increase. Many skills, such as IT, will be mainstreamed and all top management will require accountancy and legal training. The big four concepts will be flexibility, predictability, net profitability and compliance.
- Because jobs will no longer be the main vehicle to generate and distribute wealth governments will be largely responsible for systems of basic income provision. This will be heavily funded by the corporate sector.
- More state control of business will take place – both directly as state enterprises and through stricter regulation of private enterprise.
- Potential insurrection from the large rump of unemployed and underemployed people will be such a threat to social order that government will closely track the entire population and such things as the Internet and media strictly controlled.
- The educational system will transform and largely be geared to preparing people for a leisured existence. It will be more subject to propaganda and only a few elite organisations allowed to continue to supply key people to operate business and government itself. The MBA degree will be replaced by an MBP – Masters in Business Performance or MG – Masters in Governance.
- Regulatory organisations will be merged, centralised and largely controlled by the state.
- Many smaller countries will merge into neighbouring larger ones and become part of new federal structures.
The spread of AI/IoT will transform business in a deep and fundamental way over the next decade so it will not be easily recognisable when compared to the free and chaotic world of today. Globalisation will become the norm and systems much more standardised and optimised. Small companies will only exist to supply very localised markets, support the leisured economy, provide specialist niche services or be start-ups – and, above all, the state will intrude into every aspect of peoples’ lives.
HR must therefore redefine its role and the first step is to look sideways to a broader “resources” function that incorporates facilities management and other activities that are necessary to keep independent of the operations function – such as QC and legal services.
Copyright: FedEE CSL 2018