HSBC’s Future of Business Report released – New Face of the UK Unveiled
The UK’s business landscape is set for its biggest shake up since the industrial revolution, according to HSBC’s Future of Business report, released at the end of May.
The report, from HSBC Commercial Banking and The Future Laboratory, predicts that the economic downturn, increased emphasis on internationalisation and changing demands on business will profoundly alter the UK’s ‘business map’ as the 21st century unfolds.
It is forecasting a new regional geography with the birth of five new ‘supercities’ and a map of tomorrow populated by nanotech, cybernetics and a growing emphasis on bio and tech sciences driven by new economic income streams.
According to the report’s authors, the changes are being driven by the recession, which will create an emphasis on interpersonal skills in business; technological advances; the demands of many for new and flexible ways of working; more business trade taking place across international borders, and a rise in entrepreneurship.
According to the research there will be a new-look UK with business hubs focusing on:
· Robotics – Edinburgh, Birmingham, Essex, London, Manchester, Plymouth
· Biotech – York and Dundee
· Nanotech – Oxford, Cambridge, Newcastle, Durham, Bristol, London
· Stem cell research – Edinburgh, London, Cambridge, Liverpool, Manchester
· Nutraceuticals – Dundee / Southampton
· Renewable energies – London, Wales, Cornwall, Glasgow
· Cybernetics – Reading
· Gaming – Dundee, Edinburgh, Glasgow
The HSBC’s Future of Business report also identifies four new ‘types’ of entrepreneurs that are set to capitalise on the current environment and drive the changing landscape forward. From transpreneurs (an elite new breed of super-global entrepreneurs with connections and workspaces all over the world) to referral economists (who’ve emerged from the social networking boom, are ‘always on’ and are building businesses on word-of-mouth alone), the report finds these groups are rapidly shifting the way we work and do business in the 21st century.
Noel Quinn, head of HSBC Commercial Banking UK, said: “The face of business is changing and while we are in tough economic times, the HSBC future of business report unveils some positive new trends that could alter the working world tomorrow”.
To download a copy of the HSBC Future of Business report, go to http://www.hsbc.co.uk/1/2/business/info/resources
Tags: cathryn hayes, finance, hsbc, hsbc franchise unit
August 30th, 2009 at 6:58 am
Nice write up…usually I never reply to these thing but this time I will,Thanks for the great info
September 7th, 2009 at 12:35 pm
I don’t usually post but I enjoyed your blog a lot,Thanks alot for the great read
September 7th, 2009 at 2:22 pm
I don’t usually post but I enjoyed your blog a lot,Thanks alot for the great read