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Read the Opening Case at the beginning of Chapter 5: Forecasting the Future.

Answer the two critical-thinking questions at the end of the case. Since much of this assignment will

incorporate your insights with the reading of the case, you will also be expected to demonstrate your

comprehension of the HR concepts, trends, issues, and practices that you have been learning in this

course in the way that you answer the question.

Below is a brief summary (without prominent details) of the case:

Case Summary

Information plays a vital role in all organizational activities. Marketing managers need information about

customer preferences and competitor’s products. Operations managers need information about

inventories and product demand. Financial managers need information about interest rates and cash

flows. And human resource managers need information about all of these areas so they can ensure they

have the right employees with the right skills in the right places at the right times.

Consider, for example, three recent developments related to employment in the United States. In one,

major employers in the U.S. pharmaceutical, financial services, and energy sectors cut more than

100,000 jobs in 2014 and 2015. these cuts were due to industry slowdowns and corporate

restructuring. But surprisingly, some of the cuts were also related to improvements in the economy. On

the other hand, during the last three months of 2015 and again in 2016, following an annual ritual, major

U.S. retailers and related businesses announced that they were planning to hire hundreds of thousands of

temporary workers for the holiday season. Finally, Starbucks recently announced a long-term plan of

increasing its global workforce from around 200,000 now to over 500,000

Think It Over

1) What industry sectors are most likely to add jobs during a down economy? What industry sectors

are most likely to add jobs during an improving economy? In each instance, explain your

reasoning.

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Joshua Stredder
Joshua StredderLv10
29 Sep 2019

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