Extra-condensed knowledge

This golden knowledge article from MIT SMR studies the crucial emerging landscape of skills for all.
CONTEXT

g-f(2)174 THE BIG PICTURE OF THE DIGITAL AGE (3/20/2021), geniouxfacts, Executive guide of golden knowledge to fire up your unlimited growth.
g-f(2)163 THE BIG PICTURE OF THE DIGITAL AGE, geniouxfacts, The Current Story Illuminates a Successful Path, 3/10/2021.
g-f(2)151 The Big Picture of the Digital Transformation, 3/1/2021, geniouxfacts, How To Succeed At Business Digital Transformation.
g-f(2)153 The Big Picture of Business Artificial Intelligence (3/3/2021) in a Single “g-f KBP” Chart

To create a learning infrastructure that enables a more equitable workforce, corporations must take bold steps.
People across the world are embracing digital and being more innovative, creative, and collaborative.

People have become more familiar with online learning delivery and virtual collaboration with work colleagues.
This experience has also sparked growth in the digital learning market and secured wider acceptance — both at the corporate and individual levels — of the value of online skills training.

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The “genioux facts” Knowledge Big Picture (g-f KBP) charts

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The “genioux facts” Knowledge Big Picture (g-f KBP) graphic

Condensed knowledge

CONTEXT

To create a learning infrastructure that enables a more equitable workforce, corporations must take bold steps.
People across the world are embracing digital and being more innovative, creative, and collaborative.

People have become more familiar with online learning delivery and virtual collaboration with work colleagues.
This experience has also sparked growth in the digital learning market and secured wider acceptance — both at the corporate and individual levels — of the value of online skills training.

Billions of people are in need of better, higher-paying, higher-mobility jobs. Companies can play a crucial role in looking beyond their own boundaries and current employees to the wider community in order to confront this desperate need on a global scale.
Governments like Singapore’s are able to look across the whole skills ecosystem of a region or country in order to understand the dynamics of the labor market and know where best to invest in supporting job transitions and training.
Inevitably, many executives take a more insular approach — by focusing solely on their own company and their current employees.
I believe this corporate insular view is a lost opportunity, particularly in countries where governments are not executing a coordinated skills development strategy.
This insular view can also work against the long-term success of the company. In a tight labor market for skills, the pipeline of future employees (and consumers) is as important to companies as their current employees.
It was this wider perspective that led the executive team at Microsoft to launch a global initiative in early 2020 aimed at bringing more digital skills to 25 million people worldwide.
Microsoft donated $20 million in cash grants to support nonprofit organizations worldwide that are committed to supporting upskilling.
As we move forward from the pandemic and contend with an economic recession, the issue taking center stage will be how workers — across the whole pay and skills continuum — are motivated and able to learn new skills.
There is an opportunity now to leverage new learning habits to really boost the skills agenda. To make this happen, executives need to encourage employees by mapping those escalator jobs that could make a real difference, and make significant investments in providing resources that support those who are motivated to learn.

Category 2: The Big Picture of the Digital Age

[genioux fact produced, deduced or extracted from MIT SMR]

Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

Type of validity of the "genioux fact".

Inherited from sources + Supported by the knowledge of one or more experts + Supported by research.

Authors of the genioux fact

Fernando Machuca

References

An Emerging Landscape of Skills for All, Lynda Gratton, March 8, 2021, MIT Sloan Management Review, MIT SMR.

ABOUT THE AUTHORS

Lynda Gratton (@lyndagratton) is a professor of management practice at London Business School and founder of the future-of-work research consultancy HSM. She currently serves as cochair of the World Economic Forum’s Global Future Council on the New Agenda for Work, Wages, and Job Creation. Her latest book (with Andrew J. Scott) is The New Long Life: A Framework for Flourishing in a Changing World (Bloomsbury, 2020).

Extracted from London Business School

Lynda Gratton

Professor of Management Practice

BA PhD (Liverpool)

Lynda is a Professor of Management Practice at London Business School where she directs the program ‘Human Resource Strategy in Transforming Companies’ – considered the world’s leading program on human resources. Her elective on the Future of Work is one of the school’s most popular and in 2016 she received the school’s ‘Excellence in Teaching’ award. For over ten years she has led the Future of Work Consortium which has brought executives from more than 60 companies together both virtually and on a bespoke collaborative platform.

Lynda has written extensively about the interface between people and organizations. Her books cover the link between business and HR strategy (Living Strategy), the new ways of working (The Democratic Enterprise), the rise of complex collaboration (Hot Spots and Glow) the impact of a changing world on employment and work (The Shift ) and the impact of longevity on society (The 100 Year Life – co-authored with Andrew Scott). In 2012 The Shift received the best book of the year in Japan and has been translated into more than 15 languages. In 2015 The Key won the CMI Management Book of the Year. In 2017 The 100 Year Life was shortlisted for the FT Business Book of the Year, became the best selling book in Japan and has been translated into 15 languages.

Lynda’s work has been acknowledged globally – she has won the Tata prize in India; in the US she has been named as the annual Fellow of NAHR and won the CCL prize; whilst in Australia she has won the HR prize. She has been named by Thinkers 50 has one of the top 15 thinkers in the world.