Economic Headwinds Highlight Uncertainty Across Multiple Domains

The International Monetary Fund (IMF) has lowered its economic predictions for 2022 and beyond. The IMF predicts that global GDP growth will slow from 6.1% in 2021 to 3.6% in 2022 and 2023

Jenna Ross – Mapped: Economic Predictions for 2022 and Beyond

This recent article maps economic predictions for 2022 and 2023. Those predictions are presented in two very effective visuals via Visual Capitalist provided in this post. The article provides commentary on the headwinds that global economies face. As mentioned in my post yesterday, sustained economic growth dating back over 200 years was the engine for standard of living improvement. Managing these headwinds along with other forces across multiple domains is critical to enabling ongoing human development. The two visuals are provided below – click on the visuals to enlarge.

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Ecosystem Readiness

As the world continues its march towards platform-supported ecosystems, organizational readiness becomes a critical area of focus. Four facets of an organization contribute or detract from success in an ecosystem world:

  1. The mental models that drive an organization
  2. The lens in which an organization views value creation and capture
  3. The orientation of an organization – which in most cases is shareholder value
  4. The organization’s culture

The growth engine that ecosystems represent will serve as a forcing function, pushing Organizations to Mature across these key facets. For example, I firmly believe that over time, a transition occurs from shareholder value to stakeholder value. This transition places purpose at the center, with shared value at its core (Click on the Visual to expand).

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