The world has changed. And many businesses are struggling to keep up. In an attempt to tell that story, I have covered the future of marketing and now I’m looking for the best quotes, studies and predictions on the future of business.
Along the lines of my widely appreciated collection of marketing quotes, here are 29 quotes on the future of business, technology and the world economy I was able to find through a combination of sources including some of the best slideshare decks, economic studies and research reports out there.
I hope you find these quotes on the future of business helpful, but now I need your help:
Which quotes do you use to reflect the pace of change in the world and our need to adapt to the future of business and marketing?
Please comment below with any quotes you think help to tell the story that the world is changing and we need to adapt to succeed in the future of business. And don’t forget to mention the source of your inspiration. Thanks for your help!
Brian Solis’ Future of Business:
- Over 40% of the companies that were at the top of the Fortune 500 in 2000 were no longer there in 2010
- The % of companies new to the Fortune 1000 has grown from 35% (1973- 1983) to 45% (1984-1993) to 60% (1994-2003) to over 70% (2004-2013) in each of the last 4 decades
- Gen Y will form 75% of the workforce by 2025 and are actively shaping corporate culture and expectations. Only 11% define having a lot of money as a definition of success
- Only 7% of Gen Y works for a Fortune 500 company as startups dominate the workforce for this demographic
- Millennials watch TV with 2 or more electrical devices
- Millennials trust strangers over family and friends. They lean on User-Generated Experiences for purchase decisions
- They are three times as likely to follow brands over a family member on social networks
- Sixty-six percent will look up a store if the see a friend check-in.
- Gen Y-ers believe that other consumer care more about their shopping experiences than companies do – that’s why they share their opinions online
- 29% find love through Facebook while 33% are dumped via wall posts or text messages
- Peer recommendations drive sales. 70% of consumer said they were influenced by a friend or family member’s online recommendation, beating out in-person recommendation (61%), online articles (59%), ads (49%), or someone they follow online but don’t know (32%)
Mary Meeker’s Internet Trends Report:
- While the US has the highest internet penetration (78%) it ranks 10th in new internet users from 2008-2012 behind China, India, Indonesia, Iran, Russia, Nigeria, The Philippines, Brazil and Mexico
- 80% of the top Global Internet sites are US-based while 81% of the Global Internet population is non-US
- US-based mobile phone operating systems maintain 88% share of all global mobile phone sales (up from 5% 6 years ago)
- Wearable devices have grown by 2x month over month since October 2012
- Behavioral patterns (smoking, inactivity, drinking, etc) still the largest contributor to pre-mature death in the US
- Mobile traffic as % of internet traffic is growing 1.5x per year (now still only 15%)
- 1.5 Billion smartphone users vs. 5 Billion mobile users worldwide
- Tablet growth is more rapid than smartphones (3x iPhone growth)
- Typical mobile users checks their phone 150 times per day
- The next wave of computing is “wearables” (or drivables, flyables, scannables)
- China share of GDP gains in the last 30 years vs. US and Europe are “epic”
- Newspapers have lost $40 Billion in advertising revenue since 2000
- The number of pieces of mail delivered by the US postal service dropped from 250 Million in 2006 to 50 Million in 2012
Other Future of Business Quotes:
- Top 5 Risks with the highest likelihood are: Income disparity, Fiscal imbalances, Greenhouse gas, 4. Water supply, Aging population (World Economic Forum, Global Risks Report).
- Water is one of the most needed and increasingly threatened resources. 884 Million people lack access to fresh water. By 2040, at least 3.5 billion people will run short of water. (OECD, Environmental Outlook to 2050).
The world population has more than doubled over the past 50 years and it will exceed 9 billion people by the 2040s. (Rand Corporation, How Demographic Trends Will Change the World Through 2050).
- Cities will struggle with demand for healthcare, energy, fresh water and safety as the population living in urban areas is projected to increase from 3.6 billion in 2011 to 6.3 billion 2050. (United Nations, Department of Economic and Social Affairs)
On average, the world has become a little happier in the last 30 years. Health care, education and income have the biggest impact on life satisfaction. (The Earth Institute, World Happiness Report).