This past summer, Morgan Stanley published research on the growing global gig economy. The study shared that the USA’s freelance workforce has grown three times faster than the overall workforce. Freelancers today represent about 35% of the total U.S. working population, and Morgan Stanley shared that this number could represent more than 50% of the nation’s workforce by 2027. Read a high-level overview of the study to learn more about the drivers behind today’s gig economy.
Croixstone Consulting places a heavy focus on serving the middle market. The middle market represents nearly 20,000 companies across the USA that generate approximately $10 trillion of the $30 trillion of annual gross receipts in the country. Middle market CEOs recently gathered at the annual “CEO Connection Mid-Market Convention” at Wharton to discuss critical mid-market issues and challenges. Read this article from Forbes to understand what’s on the mind of today’s middle market CEOs.
The Bureau of Labor Statistics (BLS) recently released the 2017 Contingent Workforce Supplement, its first since 2005. The report estimates that in May 2017, 3.8% of the U.S. workforce, or 5.9 million workers, held contingent jobs. Is the contingent workforce growing? Well, it depends on who you ask. Learn more here.
Croixstone’s business model is firmly founded in the “expert economy” as an “on demand” provider of highly-experienced, well educated consulting professionals. According to a recent article published by Forbes, the growing on-demand model offers many companies access to a diverse talent pool that doesn’t exist in-house and would never make sense to build. Read more here.
There is no doubt that Agile drives value beyond the world of software development. And, when effectively scaled, Agile can create substantial benefits for even large corporations. The key is understanding that Agile is a mindset, not just a methodology. Read this Forbes article to learn more.
Pat Lynes, author of “The Interim Revolution,” isn’t the only one who sees big changes ahead for the management consulting industry. Listen to this Harvard Business School Ideacast that features Clay Christensen (the Kim B. Clark Professor of Business Administration at the Harvard Business School and one of the world’s top experts on innovation and growth) and Dominic Barton (the global managing partner of McKinsey).
Traditional management consulting won’t be around in 20 years.
That’s the bold claim being made by Pat Lynes, a business transformation consultant and author of “The Interim Revolution.” Having interviewed over 100 corporate executives to gain insight into how businesses address change and perceive the management consulting industry, Pat believes our industry is a prime candidate for disruption. We agree. Learn more here.
According to one expert, North Carolina is facing a serious economic challenge. Read this article to learn how some believe the world changed in a very BIG way in 2007, resulting in cataclysmic changes in the workforce.
On April 16th, Social Venture Partners Charlotte (SVP) will host the annual SEED20 program which identifies, highlights, and connects the community to twenty of the region’s most innovative ideas for tackling pressing social challenges. In today’s business world, nonprofits are not the only ones concerned with being integrated into the social fabric of society. Earlier this week, Forbes ran an article titled the “The Rise of the Social Enterprise: A New Paradigm for Business” which illustrates that businesses today need to make a shift in management in order to be more integrated into the social fabric of society.
- Achieve social, cultural, community economic and/or environmental outcomes
- Earn revenue
- Moving from an organization which operates as a functional hierarchy to one that operates as a “network of teams.”
- Each part of the company looks at the impact of external factors and the company’s footprint in the external world.
Another core technology altering nearly every dimension of our lives as outlined in a recent MIT Sloan Management Review article is biotechnology. Biotechnology is really the combination of technology, chemistry, and life sciences. At first glance, many business leaders may believe that biotechnology only impacts the health care field. The rapid advances in biotechnology, however, show enormous promise and have the potential to “both expand existing industry boundaries and create entirely new industries,” according to Dr. Albert H. Segars, author of the article and PNC Distinguished Professor of Strategy and Entrepreneurship and Faculty Director of the Center for Sustainable Enterprise at the University of North Carolina Kenan-Flagler Business School.
- Industrial Processing – applications in product development, pollution control, bio-recycling, and hazardous waste.
- Biometrics/Bio-identification – expanding the use of biomarkers as a gateway to information access and commerce.
- Bioinformatics – analysis of large sets of data used in the Human Genome Project, Disney’s theme park design, and more.
- Medical – advancements in the field of genomics, production of vaccines, antibiotics, gene therapy, and personalization of implantable devices.
- Food & Agriculture – significant gains in the production of plants, improved quality of livestock, pest-resistance crops, nutrient supplementation, and manufactured power fibers.
- Energy – alternative energy sources, production of biofuels from algae and other plant and waste sources.
Click here to read the entire MIT Sloan Management Review article.