Preview

Mega Trends

Good Essays
Open Document
Open Document
581 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mega Trends
Mega Trends

Megatrends are global, transformative and macro-economic forces in societal development that will very likely affect the future in the next era. They involve business, economy, society, cultures and personal lives thereby defining our future world and its increasing pace of change.

Mega trends have different meanings and impacts for different industries, companies and individuals. Analysis of these mega trends and their implications forms an important component of a company’s future strategy, development and innovation process, and influences product and technology planning. They can be used as a base for strategic decision-making by understanding their impact on organizational functions such as marketing, Research and Development, budget spending, product planning and development, human resource management andinnovation. Some of the most important recent megatrends are Technological development, Social, Economy,Energy, E-mobility, Infrastructure, Business Smart Factory, Health and environment as well as one of the top five megatrends world-widelywhich is Urbanization.

Urbanization is a megatrend currently dominant around the world and particularly in the growth markets. This trend is characterized by migration from country to town, rising populations in larger cities and an expansion of urban catchment areas (the area and population from which a facility or region attracts visitors or customers) accompanied by an increase in demand for buildings and improved infrastructure.
Historically, urbanization has been closely connected with industrialization. When more and more extinct sources of energy were used to enhance human productivity (industrialization), surpluses increased in both agriculture and industry, larger and larger proportions of a population could live in cities. With more than 60 percent of the world population expected to live in urban cities by 2025, urbanization as a trend will cause major shifts in the world population

You May Also Find These Documents Helpful

  • Good Essays

    Urbanisation is the process in which people move from a rural area to an urban area. Levels of urbanisation are determined by looking at both the population of rural and urban areas. For the first time ever in history more people live in urban areas than in rural areas. This movement shows no sign of stopping with a predicted 1.84% increase in people living in urban areas expected between 2015 and 2020. And this disparity in rural-urban growth can be a really damaging element if the urban areas of a country aren’t prepared for the influx of people.…

    • 681 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Answer: Cell phones, computers, and xboxs are just naming a few global trends that offers the business opportunity in the global marketplace.…

    • 515 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    To Here to There

    • 1078 Words
    • 5 Pages

    4. _________ trends regarding how people think and behave have major implications for management of the labor force, corporate social actions, and strategic decisions about products and markets.…

    • 1078 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Environmental Health

    • 1340 Words
    • 6 Pages

    Urbanization: Movement of people from rural to urban areas with population growth equating to urban migration. It is a double edged sword as on one hand it provides people with varied opportunities and scope for economic development and on the other hand it exposes…

    • 1340 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Urbanisation is the growth in the proportion of a country’s population the lives in urban as opposed to rural areas. Urbanisation first occurred in MEDCs during the industrial revolution that took place in Europe and North America in the nineteenth and early twentieth centuries. Since 1950, urbanisation has been rapidly occurring in LEDCs and nowadays, the rate of urbanisation in LEDCs, for example, in South America, Africa and Asia, is greater than in MEDCs. As LEDCs are developing more people are migrating to urban areas. In Bangalore, India, for example, 58% of migrants to the city have migrated from other urban areas. The process of urbanisation is caused by natural change, in-migration and also reclassification.…

    • 512 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Urbanization

    • 1143 Words
    • 5 Pages

    In this paper I will be explaining the four factors that produce a change in the population as well as urbanization. Urbanization is moving from a rural area to a big city in hopes of better opportunity or employment along with many other benefits. Urbanization may seem like a good idea to those trying to better themselves but it has challenges in the city people may face. I will be providing you with current or historical events that may be a benefit or a challenge of urbanization.…

    • 1143 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The concept of immigration

    • 1360 Words
    • 6 Pages

    “urbanization” which refers to the increase in population in big cities lead to some detrimental…

    • 1360 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    • Urbanisation is happening on a global scale. Below are indicators of its ever changing progression.…

    • 1386 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    China's Urbanization

    • 2164 Words
    • 9 Pages

    Urbanization is a historic transformation process by which the means of production and people's lifestyles evolve from the country to the city. This process is often characterized as farmers' migration to cities and the continuing development of cities, however, is in fact far more complex. Urbanization is not simply a process in which farmers move to cities. Rather, it is a complex process that not only requires co-development with industries and the entire economic system but also needs to be compatible with the conditions of employment, security, education, public transportation, medical insurance, environmental protection and infrastructure.…

    • 2164 Words
    • 9 Pages
    Good Essays
  • Good Essays

    Urbanization is a force of change that has had, and continues to have wide-reaching implications. The social shifts linked to urbanization—rural flight, industrialization, and modernization—have all significantly changed the way we live our lives. By the nineteenth century, the Industrial Revolution was in full swing; with rapid industrialization, rapid urbanization also began to occur. By 1854, Victorian London, riding on the winds of the Industrial Revolution, grew into the biggest city the world had ever seen. Cities, essentially, are large congregations of people in a certain area.…

    • 563 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    7 Megatrends 2030

    • 26289 Words
    • 106 Pages

    > The TREND COMPENDIUM 2030 is a global trend study compiled by Roland Berger Strategy Consultants > It describes seven megatrends that will shape the world over the next 20 years > All trends have a broad impact on how we do business Therefore, Roland Berger experts have identified corporate actions that companies must take today > The study also takes a look at how we will live in 2030…

    • 26289 Words
    • 106 Pages
    Satisfactory Essays
  • Good Essays

    Mega

    • 1131 Words
    • 5 Pages

    Mega-cities is usually defined as a metropolitan area with a total population excess of 10 million people. Mega cities can be distinguished from global cities by their rapid growth, new form of spatial population density, and both formal and informal economies, as well as poverty, crime, and high levels of social fragmentation. Since 2001, there are 18 megacities such as Tokyo, New York City,Shanghai, Mexico City, Mumbai, Seoul and others that had population in excess of 10 million of population. Although the emergence of megacities increase the economic growth and social lifestyles there are, still have the advantages and disadvantages for living in megacities.…

    • 1131 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Urbanization of Lagos

    • 6081 Words
    • 25 Pages

    Due to the large numbers of immigrants from the surrounding rural areas desiring to improve their economic positions, the city is flooded with people seeking employment and cannot sustain all of them. This causes many of the city dwellers to resort to informal employment such as cattle broking, recycling and street vending.…

    • 6081 Words
    • 25 Pages
    Powerful Essays
  • Powerful Essays

    Sociology Notes

    • 1332 Words
    • 6 Pages

    Urbanization: the process by which an increasing portion of the population lives in cities rather than areas.…

    • 1332 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    rayesa

    • 1675 Words
    • 7 Pages

    Urbanization refers to increasingly large number of people living in small places and basically engaged in non-agricultural activities, which depends on development of industrialization, infrastructure within cities, towns and their neighborhoods, thus urbanization is considered as an index of modernization. The concept of urbanization has been treated in many different contexts. The most often used concept of urbanization refers to the proportion of the total population concentrated in urban settlements or else to a rise in the proportion. The beginning of urbanization can be traced back to Renaissance times in 16th century. Turkish assaults resulted in movement of Christians from the east to western European countries. As a result, trade grew and European cities along the coasts developed greatly, however, the onset of modern and universal process of urbanization is relatively a recent phenomenon and is closely related with industrial revolution and associated economic development. Historical evidence suggests that urbanization process is inevitable and universal.…

    • 1675 Words
    • 7 Pages
    Powerful Essays