UGBA 10- Final Exam Guide - Comprehensive Notes for the exam ( 26 pages long!)

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UGBA 10
FINAL EXAM
STUDY GUIDE
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Module 1: Management of Organizations
Lecture 1 8/25/2017
Current Status and Projections (2014-2020)
US population will increase 22 -> ~340 million
Population is getting older (34% -> 38% that are 55+)
US Labor Force will decrease 62.9% -> 60.9%
Jobs will increase 150 -> 160 mil
There will be increased shift to healthcare and tech related services as the
pop gets older
Occupational Changes
High Growth
Healthcare support 23%
Healthcare practitioners/technical 16.4%
Personal care and personal service 13.2%
Computer and mathematical 13.1%
Community and social service 10.5%
Construction 10.1%
Business/financial ops 8.4%
Edu, training, library 7.6%
Life, physical social science 7.4%
Slow Growth or Decline
Farming -5.9%
Production -3.1%
Office, admin support 2%
Protective Services 4.5%
Transportation 4.8%
Sales 5%
building/grounds maintenance 6.2%
Installation, repair 6.4%
Food prep, serving 6.5%
Fastest Growing Jobs
Medical and health services managers
For the boomers as society gets older
Accountants and auditors
Personal financial advisors
Statisticians and operations research
Cartographers, photogrammetrists
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Scientists
Social workers, counselors
Arbitrators, mediators
As the workforce becomes more diverse there will be more
conflicts
Biggest Losers
Computer programmer
This is just the basic ones as it can be outsourced to other
countries i.e. India, but computer developers are still a growing
job
Production workers
Will get replaced with computers
Farmer
Getting outsourced
Manual labors
Getting computerized
Unskilled service workers
Computerization
This can put about 50% of the US jobs at risk
At risk type of jobs: aka easily automated
Fixed
Middle skilled
Routine
Repetitive
Safe: jobs in nonstatic environments
Uses judgment
Flexibility
Creativity
Social intelligence
Abstract thinking
Manual labor (i.e. doctors)
Solution ->
Education
Re-training
Skill development
Workforce generation
Baby Boomers (b.1946-1964) 53-71 years
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Document Summary

Us population will increase 22 -> ~340 million. Population is getting older (34% -> 38% that are 55+) There will be increased shift to healthcare and tech related services as the pop gets older. As the workforce becomes more diverse there will be more conflicts. This is just the basic ones as it can be outsourced to other countries i. e. india, but computer developers are still a growing job. This can put about 50% of the us jobs at risk. At risk type of jobs: aka easily automated. Experienced, independent, latch-key past, self-directed, tech savvy, Baby busters (b. 1965-1983) 34-52 years wealth-oriented, heterogeneous. Inexperienced, low commitment, self-directed, tech dominant, indep, interest-oriented. 33mil boomers, 66 mil busters, 55 mil boomlets. Instead of retiring @ 65+ -> mid-70s. Workers 55-74 33 mil -> 40 mil in 2024 than those leaving. The workforce is getting smaller- fewer people entering the workforce. 11 mil gap (77 mil boomers replaced with 66 mil busters)

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