Future Work Next Generation of Talents in Asia

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1 HK Academy of Gifted Education (HKAGE) Future Work Next Generation of Talents in Asia Mr. Eddie Ng, SBS, JP Chairman HK Examination & Assessment Authority May 17, 2012

2 Dragon Changes Power Surprises

3 Key Messages Changes Human Capital Attitude Net-world Global Mindset Execution

4 Eight Principles of Competence of the Future

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6 Country Classification by 2010 GDP Share World Developed Markets 65% Emerging Markets 12% Growth Markets 23% N11 Bangladesh Egypt Iran Nigeria Pakistan Philippines Vietnam Mexico Korea Turkey Indonesia China 9% Growth Markets Mexico 2% Korea 2% Turkey 1% Indonesia 1% Brazil 3% Source: GSAM India 2% Russia 3%

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10 China Vs. India Learning Size is not Everything

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12 China City Population Chongqiang 29.0M Shanghai 23.0M Taiwan 23.1M Beijing 19.6M Guangzhou 14.0M Shenzhen 10.4M Total 1.34 B

13 SHANGHAI 100 PEOPLE PLAN VS. CHINA S 1,000 PLAN use 5 to 10 years target top class global edgy areas like finance, shipping, strategic emerging industries, 100 senior talents to Shanghai financial supports, research funds, venture capital injection, designated housing zone, with flexible process of immigration, children education, medical

14 CREATIVE & CULTURAL INDUSTRIES Feb 2011 China SoftSkill report Creative / Cultural Industries Market Share: USA 43%, EU 34%, Asia 19% Asia 19% - Japan 10% Australia 5%.So! Talent Base for Creative Industry USA got 39 Million people, 30% Employment Population, producing GDP $ 2,000 billion Implication to Greater China talent trend!!

15 China s Scorecard for Internet Corporations 2012 Tencent Baido USD 57.6 Billiion USD 46.6 Billion Alibaba ($ 8.5 B) Tencent QQ

16 TAIWAN SOFT POWER FOCUS 1. Taiwan IT R&D is second to USA; 4 Global Hi-Tech Awards : 2003 Taiwan got 16 items, items 17 items got Gold Award 2. Soft Heart Region as target to reinforce human caring element 3. Sense of Vision, Strategic length over 10 years vision, relationship with China long term view 4. Efficient / Smart Government and Integrity Global value and Global Strength.

17 Sense: Story of IKEA Multi-functional, design feel, reasonable price (equity) home furniture products for all levels of customers, with over 130,000 employees globally; Shenzhen branch life style favor! European economies are in trouble, but IKEA is expanding; Target employee academic qualification not focused, ability to present and manage oneself is key, work style is to address people by first name. Job rotation between sales and non-sales employees for alignment, and overseas branch visits to build cultural and global mindset. A private corporation with unique philosophy.

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19 LENOVO WE DO WHAT WE SAY, WE OWN WHAT WE DO

20 Story of Berlin Silicon Valley of Europe Sense: Poorest city (2001) became the top growth in employment among top five capitals in Europe, 3 times GDP (was 1/3 before) than average German. Open city key of success absorbing wild child, less rules, more innovative multi-disciplinary / borderless creation + recreation = ability to attract talent, of all kinds Trends growth of co-working space of multi-trades, Independent workers (e.g. outsourcing) occupied 1/3 of USA workforce, Germany grew 40% last 20 years. They look for cheap work space, independent working, mobile, dreamers, talent follow talent.

21 Future Workplace 2020: Work will become less routine, character By increased volatility, hyper-connectedness, Swarming and more, Jeanne Ways to cope with this: 1.De-rountinization of Work 2.Work Swarms 3.Attention to patterns 4.Hypoerconnectedness 5.My Place New World Co-CreateNation New Bleed!

22 Emerging Pattern of Workforce Profile

23 Future Workplace 2020: Work will become less routine, character By increased volatility, hyper-connectedness, Swarming and more, Multi-generational Challenges: Middle Age Is Never Never Land.. Younger People Never Want To Enter It and Older People Never Want to Leave It Once There!

24 Future Mind to manage the following: 1. ifuture Technological Impacts 2. Increasing Pool of Untapped Talent 3. Geography matters 4. Growing Skills Mismatch 5. Disparity of Income. 6. Social Media and Social Power 7. Gender and Identity Redefined

25 FIVE MINDS FOR THE FUTURE: 1. DISCIPLINARY MIND MASTERY OF SCHOOL OF THOUGHTS 2. SYNTHESIZING MIND ABILITY TO INTEGRATE IDEAS FROM DIFFERENT DISCIPLINES AND BE COMMUNICATIVE 3. CREATING MIND CAPACITY TO UNCOVER, CLARIFY AND CREATE BTW: 4. RESPECTFUL MIND APTITUDE TO APPRECIATE 5. ETHICAL MIND OBLIGATION & RESPONSIBILITY PER ROLE 1. It will be common for us to work till 70s 2. Social media skill is must at work

26 The Single Most Critical Skill for 21st Century In this era of accelerating change, knowledge alone is no longer the key to a prosperous life. The critical skill is foresight. Knowledge quickly goes out of date, but foresight enables you to navigate change, make wise decisions, and take action now to create a better future.

27 Farmers Factory workers Knowledge workers Creators and empathizers Agricultural Age Industrial Age Information Age Conceptual Age Daniel H. Pink (2005) A Whole New Mind, New York: Penguin, p. 49.

28 Summary Strategies Focus First Generation Product/Markets - Efficiency Second Generation -----Core Competencies - Capabilities Third Generation Talent & Ideas - Knowledge Key hits: Global Mindset Confidence & Communication Articulation & Influence Resilience & Adversity Soft Skills & Social Intelligence

29 Thank You Future Contacts: May 17, 2012