Today’s Business World

- The workforce is less independent in nature, rather more collaborative

- Reliable workers dedicated to promoting strong ties w/customers and partners
- Capable of efficient, high quality production
- Compete in global markets
- Technically savvy & innovative
- Aging population & shrinking labour pool
- Baby boomers hitting career peaks, Gen X & Y launching their’s
- Gen X= 196-1981, GenY=1982-2004
- Technology : intensified hiring challenges
- Increasingly diverse workforce
- Outsourcing and the changing nature of work
- Outsourcing, offshoring
- Prime offshoring SERVICES = India
- Prime offshoring PRODUCTION = China
- Technological advancements lead to increasing amounts of...
- Flexibility and mobility
- Innovation through collaboration
- Managers must have…
- Vision
- The ability to perceive marketplace needs and what an org. must do to
satisfy them
- Critical thinking
- The ability to analyze & assess info to pinpoint problems & opportunities
- Creativity
- The capacity to develop novel solutions to perceived organizational
problems
- Ability to lead change
- Guide employees & organizations through changes
- Future? Technology, less global barriers, population shifts
One of the highest costs is ENERGY.
What Makes a Company Admired?
- Business ethics & social responsibility
- BE: standards of conduct/moral values involved in their decisions
- SR: a management philosophy that includes contributing resources to the public
- Stable growth
- Solid profits
- Safe & challenging work environment
- High quality g/s