GMGT 1010 Lecture Notes - Lecture 8: Baby Boomers

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Brock V.Cordes

Document Summary

Baby-boom echo: a demographic group of canadian that were born in the period from. 1980-1995 the children of the baby boomers. Baby boomers: a demographic group of canadians that were born in the period from 1947-1966 living longer. Expected that seniors will become more numerous than children sometime around 2015. Large amounts of specialized goods and services will be required by the middle-aged and elderly population over the next few decades. Demographics play a big role in the economic and social life of our country. High level of annual admission of immigrants and the relatively slow rate of natural growth of the populations explains why the proportion of the foreign born in canada has grown since 1990s. Companies have responded to this diverse customer base by hiring a more diversified workforce to serve them. Companies are stronger due to the influx of new ideas and new ways of thinking (diversity) Every 5 years, statistics canada conducts a national census.