Introduction
Modern progress primarily predetermines the direction and trends of development in many countries. A certain impact is on Saudi Arabia where quite much attention is paid to modern business approaches and technological innovations. When analyzing existing global trends and their implementation, it is possible to find those that are directly related to the Kingdom of Saudi Arabia and determine the main ways of the country’s development in business, economic, and other spheres. Documentary proof of the application of new ideas in the state is used as an evidence base.
Career and Learning: Real-Time, All the Time
The main trends of 2017 are given in a special manual that specifies the list of current tendencies in the development of many countries and the goals to which their leaders aspire (2017 Global human capital trends, 2017). Some of them directly relate to Saudi Arabia and its regions. In particular, the report cites career and learning as one of the most actual trends (2017 Global human capital trends, 2017). While connecting this phenomenon with this country, it is possible to notice that certain innovations in the field of training young professionals are traced, and various technological innovations such as mobile training are applied (Badwelan, Drew, & Bahaddad, 2016). The impact of this trend on Human Capital in the Eastern of Saudi Arabia in 2018 / 2019 can be rather significant if the progress does not stop and new methods of learning continue developing and improving.
Performance Management: Play a Winning Hand
Another modern trend is performance management when the managers of companies and enterprises look for effective measures to monitor and track their subordinates’ progress (2017 Global human capital trends, 2017). According to Alwagait, Shahzad, and Alim (2015), poor time management significantly hampers the results of students and employees in Saudi Arabia, and such appropriate measures as the development of leadership strategies are used to establish a working regime. The effect of this trend on Human Capital in the Eastern of Saudi Arabia in 2018 / 2019 is likely to be big in case leadership boards do not stop including their subordinates in different successful projects and proposing new development perspectives.
Leadership Disrupted: Pushing the Boundaries
Another trend is quite closely connected with the previous one and is connected with the peculiarities of the concepts of leadership (2017 Global human capital trends, 2017). As Hodges (2017) claims, today, there is a tendency to significantly change the role and structure of management in the business sphere of Saudi Arabia, and the confirmation of this fact is the increase in the number of women in various leading positions. Strobl (2016), however, remarks the country’s Eastern region is not perspective from managerial practices. Nevertheless, when speaking about the impact of this trend on Human Capital in the Eastern of Saudi Arabia in 2018 / 2019, more women-managers can appear, and the change can be observed in favor of talented and active leaders regardless of their sex, race, etc.
Impact of the Industrial Revolution on the Workplace
The impact of the industrial revolution on the workplace is very significant today. Widespread production computerization and the use of modern means of communication proves this statement. According to Bresnahan and Yin (2017), “these applications have transformed production, creating value for applications-inventing companies and their customers and increasing economic growth through quality improvements” (p. 95). The global use of innovative equipment not only significantly speeds up the process of performing certain procedures but also helps to avoid possible mistakes. Therefore, the use of products that have emerged as a result of technological progress is fully justified and common.
Conclusion
Thus, the analysis helped to identify some of the key areas of business and economic development in Saudi Arabia and discover the specifics of their application in a particular region. All the trends are quite relevant and can be applied in almost all the spheres. The impact of technological progress is obvious, and the products of the Industrial Revolution are actively used in the workplace.
References
2017 Global human capital trends: Rewriting the rules for the digital age. (2017). Oakland, CA: Deloitte University Press.
Alwagait, E., Shahzad, B., & Alim, S. (2015). Impact of social media usage on students academic performance in Saudi Arabia. Computers in Human Behavior, 51, 1092-1097.
Badwelan, A., Drew, S., & Bahaddad, A. A. (2016). Towards acceptance m-learning approach in higher education in Saudi Arabia. International Journal of Business and Management, 11(8), 12.
Bresnahan, T., & Yin, P. L. (2017). Adoption of new information and communications technologies in the workplace today. Innovation Policy and the Economy, 17(1), 95-124.
Hodges, J. (2017). Cracking the walls of leadership: Women in Saudi Arabia. Gender in Management: An International Journal, 32(1), 34-46.
Strobl, S. (2016). Policing in the Eastern Province of Saudi Arabia: Understanding the role of sectarian history and politics. Policing and Society, 26(5), 544-562.