Business in the 2020s—Between Theory and Practice

Abstract

The article discusses how Business, in general, should proceed between economic theory and the daily practice of the 21^st century’s chaotic conditions. It has, first, to realize that this is the situation, secondly, both, economists and business men and women, should prepare and get themselves ready to act within this convoluted reality. The author follows G, Shaw’s idea on “unreasonable men that bring progress” divides normal societies into similar two population groups; the majority–the Squares and the minority-the Stars. Further, the Author checks several economic undertakings and tries to understand what is the proper mix or mission for them. Further, the Author claims, while resting on the historical neglected Emotional Intelligence’ teaching, that the form and the nature of future activities should change. They should be more people-oriented, more opened-minds and more creative, resourceful and flexible. The Author inquires ten major economic indicators and find out that both the traditional Capitalism and Socialism movements lost their relevancy at present. Thus, time comes to launch new sets of rules and regulations for, assisting people and organizations in their struggle to survive, prosper and flourish. In sum, the Author foresees that in the future, in parallel to the technological advancement, or together with it, public or private organizations and individuals, would be required to act and be more sensitive and more attuned to the individuals, communities and the universe’s demands.