Business Simulation Seminar

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Business Simulation Seminar

• Future Issues
• for
• Managers

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The Changing Workforce

• Average age of workers is increasing

Source politicalcalculations.blogspot.com
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The Changing Workforce
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The Changing Workforce
Source IBM
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Changing Workforce
Workforce Projections, 2000-3050 Race and
Ethnicity Percent (BLS)                           
           
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Management Implications

• What affects will this have on
• Motivation?
• Training?
• Retention and loyalty?
• Where will workers come from?
• Diversity
• Challenges
• Advantages

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Changing Education

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Changing Education
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Management Implications

• First, always beware of trends based upon 2
  years!!!
• What if this does come to pass?
• Where will educated labor come from?
• What kinds of jobs will people have?
• What are the macroeconomic implications?

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Changing Demographics

• New workers are
• Connected
• Cell phones, PDAs
• Text messages
• Technically literate
• Short-term focused
• Put a premium on life-style
• Culture
• Location

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Management Implications

• How to motivate them?
• Retention - how to keep them loyal?
• How to use their skills productively?
• Question
• How will technology, such as texting, change the
  business environment?
• Business memos?
• Spelling?
• Meetings?
• Does all technology increase productivity?

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Changing Government

• Government is
• Buying equity in financial institutions
• Has bailed out businesses
• Increasing business regulation
• Examples?
• Considering raising corporate tax rates
• What are the management implications?

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Changing Market

• Global competitors
• Changing customers
• Demographics
• Incomes
• Ethnicity
• Tastes
• Changing technology affects
• Products
• Customers

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Future Issues for Managers

• Changing
• Workforce
• Government involvement
• Markets
• Managers must
• Plan for change
• Be flexible