Submitted by: Submitted by Thorboy1
Views: 1749
Words: 673
Pages: 3
Category: Business and Industry
Date Submitted: 03/22/2013 07:45 AM
Global competition on the decisions made by management with regards to change in labor demand supply, relations, unions, and rules and regulations in your chosen industry.
Recommend how the industry you chose may respond to each of the previous points.
Auto Industry was our industry of choice.
Rarely has an industry confronted the magnitude of multi-dimensional change the automotive industry faces today. Credited for providing the foundation for economic transformation of the developed world a century ago and well underway to bringing mobility and prosperity to the developing world today, the industry finds itself simultaneously coveted for the employment and investment it attracts and disparaged for its perceived lack of environmental responsibility. Automakers along with their partners must respond to the changing dynamics of how automobiles will be manufactured, purchased, distributed and serviced. Consumers are becoming more empowered and sophisticated. Their wants and needs are evolving at an exponential pace. Basic transportation will no longer suffice, as consumers look to a comprehensive mobility experience. Even the notion of buying as we know it today is expected to change. The concept of personal mobility will prompt consumers to purchase transportation services in place of personal vehicles for multiple uses.
The worldwide labor force will change and become radically different in terms of age, location and the way people work. Cultural awareness, diversity and adaptation will be the norm. This global workforce, with a geographical dispersed footprint for manufacturing and product development, will sustain and support the auto industry. Evolving markets and economies will fuel new products, services and nosiness models. This new workplace will have important new attributes, such as the ability to work across diverse cultures and will likely be conversant in multiple languages. The new global worker will also be effective working virtually. The...