The ageing process is inevitable and is fast becoming the bane of the workforce. With a growing imbalance in America’s skilled workforce, HR heads are struggling...
to meet immediate needs and maintain productivity levels. This paper explores ways to overcome the challenges posed by an ageing workforce as well as develop the existing workforce.
Charles Darwin once said: “In the struggle for survival, the fittest win out of the expense of their rivals because they succeed in adapting themselves best to their environment”. Interestingly, this statement...
holds equally true for biology as for business; companies that fail to change and adapt to a changing environment will eventually be forced to exit the market. Innovation is the process through which firms evolve, hopefully for the better.
Given that making the right decisions consistently separates the leaders from the rest of the pack, the real question for any business leader is how can information be leveraged to make the right business decisions and create differentiation for the organization.
Companies from across sectors are experiencing exponential growth in data as social interactions, rich media and a variety of devices generate new...
content. A tidal wave of digital data is getting created through emails, instant messaging, survey videos, images, RFID tags, web text, blogs, geo-location devices, collaboration platforms like Twitter and Facebook, and so many other sources.
In the outsourcing territory, research and development (R&D) is considered the final frontier. That’s because R&D is seen as a source of...
innovation – the mother of competitiveness, which is to be protected at any cost. As we all well know, from our business studies text books, core activities should never be outsourced.
Globalization intensified competition in most industries. This came at a time when firms competing in mature markets were experiencing increased difficulty to grow...
revenues in their home markets. As a result, firms were forced to focus on cost reduction as a means to increase shareholder value. Firms also felt an increased dependence on suppliers for value creation.
Emerging social, economic, and technology trends are changing the traditional models of work and careers as we have known...
them. Going ahead, these forces will significantly impact how, when, where, and by whom the work of the future will be executed, and result in work ‘travelling’ to people instead of the other way round.
The fittest win in the struggle for survival because they succeed in adapting themselves best to their environment. That’s the...
law of evolution. In the case of present day organizations, the ones that are adaptable have a better shot at making it than the ones that are merely strong or profitable.
Growing economic opportunities, exciting lifestyle, and increasing population, along with worsening farming conditions, are bringing about global...
urbanization. The UN World Urbanization Prospects Report states that cities will house 70% of the world population by the year 2050. This rapid urbanization is creating opportunities for new technologies to make a difference and help build tomorrow’s enterprises.
A comparison of the workplace expectations of baby boomers and millennials reveals some interesting findings. While mature workers seek an income (or nest egg) to live on and want to make productive use of their time, for the young workforce, a job is all about career and skill development, and exposure...
to cutting edge technology. But they also have several things in common, such as a desire to contribute to society through work; a preference for flexible work arrangements and an appreciation of the social connections formed at the workplace. Generation X, on the other hand, is more concerned about the corporate ladder and compensation. How to encourage older workers? Convince them that they can still contribute. Managing the aging workforce is only part of the story. To ensure access to world-class talent and turn their human resources into a competitive advantage, organizations need to configure their workplaces to meet the future needs of their people.