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Management in the Year 2050

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  • Vatroslav Zovko

    (University of Zagreb - Faculty of Teacher Education, Zagreb, Croatia)

Abstract

Future studies are seen as a prerequisite for the development of a sustainable and prosperous society. Many countries, institutions and corporations invest substantially in the research of the future. One of the possible and expected future scenarios is the rise of artificial intelligence. It is expected that between the years 2030 and 2045 artificial intelligence will significantly surpass human intelligence. The Robocup Federation, an international organization that promotes research and development in robotics, believes that around the year 2050 autonomous robots will win a soccer game against the current soccer World Cup winners. In that manner, autonomous robots will have the opportunity to take over most, if not all, repetitive jobs and routine human activities. In addition to that, humans will be aided by artificial intelligence, creating consumers with instant, perfect information about all the products and services offered on the market. On the other hand, the labour market will be threatened by the emergence of (close to) humanoid autonomous robots that will potentially make human labour force obsolete. What are the repercussions of the artificial intelligence development for the corporate business in the year 2050? This article tries to answer that question in the light of current technological trends and the future prospects based on scenario study developed by Deutsche Post. As a consequence, the term corporation is redefined in the technological, social and economic context of the year 2050.

Suggested Citation

  • Vatroslav Zovko, 2018. "Management in the Year 2050," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 16(3-B), pages 417-426.
    • Handle: RePEc:zna:indecs:v:16:y:2018:i:3-b:p:417-426
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    File URL: http://indecs.eu/2018/indecs2018-pp417-426.pdf
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    References listed on IDEAS

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    1. Vatroslav Zovko, 2013. "Exploration of the Future - a Key to Sustainable Development," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 11(1), pages 98-107.
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    More about this item

    Keywords

    corporate business; singularity; artificial intelligence; future studies; business functions; prosumers;
    All these keywords.

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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