Hierarchies in organizations are flattening. Changes in technology empower the worker to be entrepreneurial and innovative. Information is available to everyone. Converting information to knowledge is the new source of wealth. Creativity, communication, relationship skills, and adaptability to change and diversity, are the core competencies for thriving in change and creating the future.
Leadership now involves collaboration and co-creation.
Information Technology is transforming how we communicate, and how we do business. The repercussions of this phenomena in our society have yet to be discovered. Convergence, drives the new structure. Convergence of the world wide web and the multi-media industry is a prime example. Through digital technology, information is instantly transmitted around the world.