Changes Around Us

We begin our exploration of personal strategy by understanding external trends that are impacting careers. The shift from the Jobs economy to Gigs and the prominence of business models that emphasize innovation and intellectual property will have a huge impact on the future of careers.

Show Notes

We discuss two major shifts that are happening in the world of business and people, which would have a huge impact on careers.

 

 

The biggest shift in the context of careers is that we are moving away from what has traditionally been the ‘job economy’, where people thought of their careers as a lifelong contract, towards what is called the ‘GIG economy, a fancy name for a higher level of freelancing. 

 

From trying to find that first “dream” job, we have to be prepared to look for a gig or a job every other day. Instead of depending on our employers for our career progress, we are now on our own.

 

The shift to Gig Economy is not just for those who are quitting their jobs; even within corporates, the nature of roles is changing, with the emergence of networked structures: small clusters or closely-knit teams that form naturally, around solving problems.

 

The second significant impact on people and careers is due to changes in business models. 

 

Traditionally, value creation in a business was a function of the quantum of input resources: capital  and talent. Today, that’s not the case. A small team of people with very limited resources are able to disrupt industries. The driver of value creation in business is shifting towards innovation and creation of intellectual property.

 

We better get prepared.

 

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What is VALYOU: Create Personal Competitive Advantage in Your Career?

Srinivasa Addepalli and all the other gurus at GlobalGyan Academy of Management Education share their secrets of how to build a successful career. Speaking from their years of experience across sectors, geographies and functions, they offer practical insights on how you can create competitive advantage for yourself. In the future of work, you will face competition from not only others like you but also talented people across the world, and even machines! Most young people believe that graduating from a well-known college with a coveted degree will set them up for life, but that is no longer a guarantor of success. Firstly, a majority of smart young people do not get admission into such colleges. And even if they do, what they learn during those few years is often meaningless compared to what they would need to do over the next 30 to 40 years. Creating competitive advantage requires us to learn new, relevant skills but that is not all; just like businesses need to think of the 4Ps (and more), individuals need to work on multiple dimensions to create their own strategy to win in the marketplace for talent. Discover how you can uniquely design and build your career, from those who have succeeded and failed at doing so.