There is a confluence of events brewing, equal to an organizational version of a perfect storm, and it will have consequences that are difficult to pinpoint. The elements coming together include the following: a wave of Baby Boomers set to retire; increased entrepreneurship, as measured by business start-ups; foreign students leaving after graduation; a dearth of students in science, mathematics, accounting and other rigorous disciplines; and a shift in wealth creation from the tangible to the intangible.The final element is the most critical of all. It represents a sea change in how businesses function and prosper. This epic shift in wealth creation, from the tangible to the intangible, is the source of much consternation and stress all on its own, and deserves a critical examination.
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