...issues as the workforce demographics increase in age diversity. Some of these issues include age discrimination, increased disability and healthcare cost, loss of expertise due to the inability of employers to retain the older employees and lack of proactive procedures and programs for older employees. This paper focuses not only on these issues but also examines the benefits of a more age-diverse workforce and a competitive advantage employers may gain by proactively developing programs and policies to help retain and attract highly qualified older employees. Introduction According to a Government Accountability Office (GAO) report issued in 2006, the number of workers over age 55 is projected to increase significantly over the next 20 years with this demographic group projected to comprise as much as one-fifth of the nation’s workforce by 2015 (Government Accountability Department, 2006). The unprecedented aging of the world’s population and the strong correlation between aging and disability challenges employers. Observe the listed demographic changes in the workforce, any challenges and concerns employers have with an aging workforce, and some benefits of an older workforce. Find select academic and other related literature on employer strategies to prepare for an aging workforce and examples of successful retention initiatives. Concerns Regarding the Aging Workforce Employers have raised concerns on the workforce demographics and the challenges regarding...
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...Diversity: Scorecard Why Board Diversity Equals Success Alicia Yi Managing Director, Strategic Client Services Korn/Ferry International Women vs. Men’s Tertiary Education * The score above show the proportion of women to every 100 men. ** Source: MasterCard Worldwide Index of Women’s Advancement Asia’s Growth Model is Shifting… MARKET SHIFT ASIA 1.0 (1985 – 2005) THE IMPETUS FOR CHANGE — Reduced Western Consumer Spending — Emerging Consumerism in Asia — Shifting R&D investments — Asia’s drive to innovate — Asia’s need to move up the value chain — Unemployment in the west — Western companies Asianizing — Asian companies globalizing ASIA 2.0 (2006 – 2020) CONSUMER SHIFT MADE IN ASIA MADE FOR ASIA INNOVATION SHIFT THE WORLD’S FACTORY and BACK OFFICE THE WORLD’S LABORATORY and KNOWLEDGE OFFICE JOBS SHIFT CHEAP and PRODUCTIVE WORKFORCE CREATIVE and INNOVATIVE TALENT Asia Advancing - Innovation Tata Nano : the $3,000 car was conceived and developed in India LG LX9500 : the world’s first 3D LED TV Mac 400 : a hand-held cardiogram ($800) developed by GE in India Kaohsiung Stadium : World’s first solar powered stadium – in Taiwan The USB Credit Card : developed by Shinhan Card in Korea Eko Hybrid: World’s first hybrid 2-wheeler ($500) – in Bangalore F1 Night Race : World’s first night race in Singapore Harmony Express: World’s fastest train (394 kmph) in China Four Leadership Styles Leaders most likely...
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... Eugen Nagel 089 111011 08 January 2010 Abstract This is a management report of 3,500 to 4,000 words on the organisation TUI Aktiengesellschaft (AG = PLC), situated in Germany, which operates globally. This report should assesses the impact of external and internal factors on the organisation and evaluate the organisation responses. (In the case of a large organisation or industry-sector it is permissible to confine your report to part of the organisation or industry-sector.) The report consists of two tasks: The first task is to describe and analyse the primary internal and external influences to which the organisation TUI (Touristik Union International) is subject. The second part will deal with the demographic factors. Furthermore in relation to the demographic factors, it is to: Analyse how it influences policies and decision-making within the organisation. Critically evaluate the effectiveness of TUI AG’s response. Demonstrate some areas for improvement in the response of the organisation. I I. Table of Contents I. Table...
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...Gordon Bellamy 07/15/2013 THE BABY BOOM During the Great Depression the marriage rate fell as uncertainty over economic conditions caused people to postpone decisions that would significantly affect their lives. Birthrates also dropped: pessimism shrouded Americans' expectations of a promising future for themselves and their children. After World War II ended, however, prospects seemed considerably brighter. Young Americans returned home from war in 1945 ready to reap the benefits of victory and a prospering economy. Accordingly, there were almost 2.3 million marriages in 1946, an increase of more than six hundred thousand over the previous year. Many of these newlyweds had children within a year: a record 3.8 million babies were born in 1947. This was the first year of the baby boom, which lasted for most of the 1950s. Between 1948 and 1953 more babies were born than had been over the previous thirty years. In 1954 a record birthrate, a low death rate, and an influx of 144,000 immigrants created the largest one-year population gain in U.S. history. (Thomson Gale) In the United States, the term Baby Boomers commonly applied to people with birth years after World War II and before the Vietnam War. A large part of the cause of the Baby Boom was an after effect of World War II where the bombed out cities and fractured economies increased the needs for goods and services in unprecedented...
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...case are the people. As stated above, all investors plan their investments as they seek to maximize profits, this planning is in the business sector referred to as investment planning, which by definition according to the Economy Watch, (2015) is focus on identifying effective investment strategies according to an investor’s risk appetite and financial goals. Through investment planning, one can identify the most appropriate portfolio mix. (Economy Watch, 2015) As Investors plan, they plan for a lot of issues that will affect their investments such as labour, education levels and other factors related to the people. These factors are what are known as demographic factors. One might at this stage ask what demographic factors are. To answer this question, is imperative that we firstly define what demography is and then demographic factors. This essay will therefore define demography as the statistical and mathematical study of the size,...
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...Abstract Entitlement, as defined by The American Heritage Dictionary (1985), is "to furnish with a right or claim to something." The legal definition of entitlement as defined by Merriam-Webster Dictionary (2007), is “an individual’s right to benefits by law or contract.” “Entitlement Mentality” as defined by our textbook is the general belief that someone is owed something (for example, a job, an education, a living wage, or health care) just because she or he is a member of society (Carroll & Buchholtz, 2008). In this paper we will discuss the entitlement mentality of various demographic groups along with the other generations we have labeled, and how the idea of Pluralism plays a part in the Entitlement way of thinking as well. Along with how this mentality is perceived, why and how it’s been acquired by our new generation and how other generations played a part in this new mind set and the potential effect and how or what we can do to remedy the situation. Introduction I would like to explain my background as I feel this will lay the groundwork for this paper and portray my personal beliefs as to why the various generations have played a part in my life and others lives as well. I myself was born in 1964 in Chicago the last year of the “Baby Boomer Generation” (1946-1965) one year before “Generation X’ (1965-1981) and from parents of the “Silent Generation” (1928-1945) and I now have children from the “Millennial” (1982-2009) or “Generation Y” (Pew, 2010). ...
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...Introduction Dear Mr. Malcom On this report, I have been asked to use different and reliable sources and cover areas like graduate labor market. Also in this report, it will be explained and explored the theory Generation Y. With that contradiction will be raised, whether or not the theory is perfect and if companies do understand it or if the theory is perfect should they apply it in their companies. In the end, we will also argue in this report if Nationwide uses the right graduate scheme and we will compare them to other big organization. While talking about the graduate scheme that Nationwide implement in their company, you will be able to compare and use suggestions to produce a discussion of any suitable changes that will help to increase the quality of the organization and system layout graduates. I hope this report eventually help companies in the best way possible when the subject is to recruit graduates in order to obtain the best personal possible for the company. The Graduate Market In this section, firstly it will be given a definition of, what is labor market? According to English Dictionary is the market in which employers look and compete for workers and in which workers look and compete for employment, “the longer people have been unemployed, the harder it is for them to compete in the labor market”. (Business Dictionary, 2012) However, it is important to understand what has happen to the graduate market and how the demand of graduates has change...
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...Consequences of an Older Population SOC304 Social Gerontology Instructor Mandee Rowley April 16, 2012 With each passing day the age of the Baby Boomers will affect our lives on many social levels. This growing segment of our society will soon become the largest aspect of the American society carrying with it the majority of our aging population. The other age groups will be smaller, younger and yet will have to endure the cost of Healthcare for the Boomers that will be living longer requiring more resources than any of their predecessors. The Boomers will take with them into their Golden years a large grouping of income producers and leaving the balance of society to manage growing social costs. The political face of Medicaid, Medicare, Disability, and SSI will more than likely have several court battles ahead of them to ensure government cuts will not strip away the program essentials that will be needed by our aging populations. Healthcare Today we await the Supreme Courts Justices to make their ruling as to whether President Obama’s national health care plan (The Patient Protection and Affordable Care Act) is unconstitutional. The issue at hand is a Governmental mandate that everyone must purchase health insurance. The concern is making this a government decree and not something each state has the oversight and implementation process in. The Affordable Care Act became law in March 2010. With its signing by President Obama came expanded coverage for young adults...
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...Generations: Baby Boomers Gen X & Gen Y Baby Boomer Information THE UNITED STATES CENSUS BUREAU CONSIDERS A BABY BOOMER AS A PERSON BORN BETWEEN 1946-1964 (WIKIPEDIA, DEFINITION, 2009) Description of Baby Boomers “Shockwave” “By the sheer force of its “Pig in the Python” “Baby boomers had a placid childhood in the 1950’s which helped inspire them to start their revolution” numbers, the boomers were a demographic bulge which remodeled society as it passed through it” Special Characteristics of Baby Boomers Boomers are associated with privilege because many grew up in a time of affluence Baby Boomer Baby boomer is a general term mainly used to describe those babies born during Post World War II Baby Boomer Identities Grew up in a time of social change A strong pull between a culturally strong older generation and a newer conservative generation Spiritual Beliefs 42% of all baby boomers walked away from formal religion 1/3 of all baby boomers never strayed from their religious beliefs ¼ of all baby boomers are starting to return to church, however their liberal views on abortion and homosexuality cause disagreements Boomers Coming of Age Around the World Britain Obsessed over Beatle mania Italy Wearing Mod Clothes and Buying the World a Coke India Focusing on new philosophical discoveries Canada United States Organizing Driving to support for Woodstock Pierre and organizing Trudeau, 15th against...
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...of people having foods at restaurants are increasing. As a result, number of restaurants has also increased with the demand. Busy life of city inhabitants compels to have meals at restaurants rather cooking at home. With the passage of time, peoples also became aware about the food quality, environment and interior design of restaurants. Previous research conducted on consumers has shown that location has been a factor influencing a consumer’s decision to go to a restaurant. It has also shown that locational variables such as environment and packet quality have been considered important to consumers. Consumer demographics if affects the consumer perception then it may affect the consumer’s decision to go to a restaurant. The correlation between different locational variables we found out by calculating Pearson’s correlation coefficient and effect of the demographic features on consumer preference was found out through cross tabulation. The results were tested for significance by calculating probabilities (2 tailed) and by performing a chi squared test respectively. ------------------------------------------------- Importance For the Owner: With increasing popularity of restaurants, more and more consumers are going to restaurants in order to eat. Considering the large population of Dhaka which is currently15, 414,000 (Cox 2012)...
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...Coast Marketing”) Saint Mary’s College of California Abdul Malik Khan | Maria Ahlqvist | Alexandra Smith | Maria Orozco | Alisa Mosman | Matt Cardoza | Ally Short | Matt King | Amanda Minguillon | Melissa Queen | Anthony Costa | Nick Fong | Ben Rigel | Nick Tuttle | Betsy Serrano | Nicole Arce | Britany Linton | Nirbhik Trehan | Dawn Shipley | Priscilla Esparza | Dayna Best | Steven Dawson – Roberts | Elanor Pitts | Steven Vargas | Evan Schlinkert | Thomas Vo | James Palmer | Tommy Mohoric | John Howe | Tracy Vasquez* | Maddy Aliotti | | Professor Eric Kolhede*Coordinator | | Table of Contents I. Executive Summary 1 II. Research Problem 3 III. Situation (SWOT) Analysis 7 A. External Macro-environmental Forces 7 1) Demographic and Social/Cultural Trends Purpose 7 2) Economic Environment 16 3) Technological Dimension 21 4) Political Environment 27 5) Legal Environment 31 6) Cooperative Environment 33 7) Product Market Analysis 36 8) Competitive Analysis 50 B. Internal Environment 71 1) Introduction 71 2) Resources 75 3) Marketing Mix Program 77 4) Conclusion 77 IV. Primary Research 79 A. Focus Groups 79 B. Sampling Plan 93 1) Population 93 2) Sample Size 94 3) Sampling Method 94 V. Primary Research Findings - Uni variate Data Analysis 99 VI. Strategic Marketing Plan 123 A. Segmentation Analysis 123 1) Identifying Segments 123 2) Segment Profiles 124 B. Targeting Strategy 128 C. Positioning Strategy 128 1) Followers 128 2) Casuals...
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...Huizhou, China is a multinational electronic company. The Creative Life (TCL) has been trying to capture the market overseas through merger and acquisitions. This research report is based on the study of how TCL can improvise demographic variables and use the data to extract results on the level of income and their buying power. Considering the scenario that the company is trying to launch a hi-end tablet in India or United States the data is collected. In order to examine the two markets the research problem has been identified: What are the attributes that will lead to higher purchasing power of the consumers for hi-end tablets? Research questions and hypothesis are constructed to find the relationship between age, gender income, type of employment, and level of education. The study involve the used exploratory research design to examine the objectivity, nature and the dependability. Income is used to assess the buying power of the individuals. How can income affect a greater buying power, how the type of employment caters to greater income level and how education can lead to high income is all discussed in details in the report. Questionnaire is completed in the form of an online survey. Quantitative information is collected on the basis of the demographic data for e.g. age, gender, income and education. The appendices provides detailed tests that were run on the variables. Results reveal that the certain relationships between the variables are significant however, some of...
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...Journal of Behavioral Studies in Business Marketing to the Generations, Page 1 Marketing to the Generations Kaylene C. Williams California State University, Stanislaus Robert A. Page Southern Connecticut State University ABSTRACT Each generation has unique expectations, experiences, generational history, lifestyles, values, and demographics that influence their buying behaviors. Accordingly, many companies are reaching out to multi-generational consumers and trying to understand and gain the attention of these diverse buyers. Multi-generational marketing is the practice of appealing to the unique needs and behaviors of individuals within more than one specific generational group, with a generation being a group of individuals born and living about the same time [1]. This means that marketers need to understand the six U.S. generations: Pre-Depression Generation, Depression Generation, Baby Boomers, Generation X, Generation Y, and Generation Z. When a marketer factors in the different characteristics and behaviors of the generations, it should be easier to build relationships, gain trust, and close business. [2, 3] As such, an understanding of multigenerational marketing is very important to the marketer. The purpose of this paper is to describe briefly the U.S. generations in terms of the times in which they grew up as well as the characteristics, lifestyles, and attitudes of the group. However, the primary focus of the paper is to describe various marketing...
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...interviews with almost a thousand national experts on entrepreneurship; 3) standardized questionnaires completed by the national experts, and 4) a wide selection of standardized national data from such sources as the World Bank, International Monetary Fund, United Nations and the like. The 37 countries participating in 2002 provides a truly global assessment of these issues. The Kauffman Foundation and the Business Council for the United Nations recently convened the first international policy discussion related to these issues at The Entrepreneurial Advantage of Nations: The First Annual Global Entrepreneurship Symposium. Held at the U.N. Headquarters, the symposium featured various experts who explored the social, financial, educational and demographic underpinnings related to the creation and support of national entrepreneurial activity. The enclosed report provide an analysis of one of the...
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...ASSIGNMENT ON THE DEMOGRAPHIC, SOCIAL & CULTURAL CONTEXT OF BUSINESS Submitted To: Mr. Ruhual Amin Faculty Member, BRAC University Submitted By: Iffat Zarin Khan ID No: 15364042 MBA, BRAC University Subject Name: Business Environment Subject Code: BUS503 Date of Submission: 8-12-15 Review and Discussion Questions 1. What is meant by an “ageing population”? Examine some of the key ways in which an ageing population can affect the supply side of the economy? Answer: Population ageing is a phenomenon that occurs when the median age of a country or region rises due to rising life expectancy and/or declining fertility rates. Aging of population (also known as demographic aging, and population aging) is a summary term for shifts in the age distribution (i.e., age structure) of a population toward older ages. A direct consequence of the ongoing global fertility transition (decline) and of mortality decline at older ages, population aging is expected to be among the most prominent global demographic trends of the 21st century. Population aging is progressing rapidly in many industrialized countries, but those developing countries whose fertility declines...
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