CMN 136 Lecture 3: Trends in business organizations
2 Dec 2016
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Document Summary
Trends in the business environment: global marketplace, nafta (north american free trade agreement) stimulated global trade, developing nations provide cheap labor pools. Information technology: access to the same and equal information sources democratizes management, the internet will give every individual the potential of working wherever they are. Lifelong education and retraining: organizations have to commit to regular ongoing education and training for their employees, flexible schedules and working conditions, day care, elder care, on site schools for employee"s children will increase, health orientation. In an effort to keep health care costs down, employees will be asked to share an increasing amount of health care costs. Incentives will be offered for quitting smoking, maintaining a healthy diet, exercising: concern for the environment, recycling will be become profitable and organizations will want to advertise themselves as eco-friendly, packaging needs to be streamlined. Prevents top employees fro going to the competition for higher pay: contingent compensation also offered.
