...economy crashes, then they all do. This is very closely linked to the creation of the baby boomer economy, possibly the most brittle of economies that the world has ever seen. Housing prices are sky rocketing, houses are left empty, yet homeless still exists, and people are evicted everyday from their homes. This is the reality of the baby boomer economy Canada is in now, which is effected economically, socially, and politically to be, historically, one of the hardest times to be alive. The economic changes in the past 40 years have not been for the better, as the previous times had been. The baby boomer generation managed to change the cost of living expontentially, from being able to feed a family of 7 for under five dollars, per meal, in the 60-70s, to not even being able to feed one person for under five dollars a meal in 2015. As a concequence, a lot of millenials have began living at their...
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...Personal Responsibility Essay Philip Stansberry GEN/200 - FOUNDATIONS FOR GENERAL EDUCATION AND PROFESSIONAL SUCCESS March 3, 2014 DALYNN CAMPBELL Abstract My Personal Responsibility Essay is a brief look into my background, major changes in the educational landscape, my reasons for attending college, my motivation, and the obstacles that would hinder me from completing my goal. . Table of Contents Table of Contents ....................…………...................................................................................... 2 Personal Responsibility Essay……...................……..…............................................................... 3 References….................................................................................................................................. 6 . Personal Responsibility Essay My arrival at the University of Phoenix came a few years after my retirement plans ran into a pothole. When I say pothole, I should really say canyon. Though, all things considered, my retirement goals were nothing to write home about. I was a migrant nuclear worker, which means I worked infrequently with no substantial retirement benefits. This 30 year continuum had me exhausting my savings during the dry times, thus my earnings never amounted to much towards retirement. I lived an unbalanced middle class existence. My plan for retirement was to simply survive until I was able to collect social security, sell my home, move...
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...World Wide Web: traditionalists, baby boomers, generation Xers and Millennials at work. The article written by Lynn Lancaster and David Stillman: “From World War I to the World Wide Web: traditionalists, baby boomers, generation Xers and millennials at work” is an excerpt from a book written by Lancaster and Stillman entitled , “When Generations Collide: Who They Are. Why They Clash. How to Solve the Generational Puzzle at Work.” This article discusses four separate distinct generations that make up the modern day workforce. The Traditionalists or individuals born between 1900 and 1945 make up approximately seventy-five million people. The largest population ever born in this country, the Baby Boomers, born between 1946-1964, total approximately eighty million. The smallest numbered group of approximately forty-six million, the Generation Xers, were born between 1965-1980, and the Millennials, born between 1981-1999, make up of approximately seventy-six million. Lancaster and Stillman, (2003). Sandra Gibson in her article, “E N H A N C I N G: Intergenerational Communication in the Classroom: Recommendations for Successful Teacher-Student Relationships”, discusses how the generations differ. Traditionalists, many of which have made up the labor pool for thirty years or more are often described as loyal, ethical, and hardworking, placing high value on formality, respect for authority and security of past successes. Gibson (2009). Baby Boomer are known to crave recognition...
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...eMarketing Mid-Term 1. After reading the article I have changed my thinking on how I would reach out to the baby boomer generation. I used to think it was wrong to use social media to market towards baby boomers and generation x and I was wrong. I am pretty amazed on how many people from this generation are using sites like Facebook, Linkedin, Twitter, and Myspace. I will definitely keep social networking at the top of my list as a way to market towards these generations. More specifically I will primarily use Facebook as the main source of marketing because more than 1/3 of baby boomers and half of Generation X has a Facebook page. Mavens are most likely to be Generation Jones and working full/part time and these individuals could have huge impact on the target market. These are the type of people who are always expanding their social network and are recommending products and services more than 10 times a year. This could be a domino affect by mavens in your target market continuing to speak about your product through their social network. In a matter of time you could expand your business from being very well know just being using social networks like Facebook. Targeting towards Generations Jones and workers. 2. As an eMarketer choosing digital marketing vs. traditional marketing to means revolutionizing ways companies reach their consumers and target audience. Here in New York City we see that with basic billboards going digital displaying different images and content...
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...the people of the company set goals and track the progress of projects which would measure both business results and the achievement of employees working toward Hershey’s four core values (Noe, et.al., 2011, p. 56). This redesigned performance management system would allow employees to show their performance based on goals that are set on specific projects instead of just every day mundane work. It would increase motivation amongst employees as they would now have specific goals attached to a project that has a clear objective and their progress and work efforts on these projects would have a focus on direct business efforts that would help them feel like they are a part of the team. This performance management would allow both the baby boomers and the millennial worker to showcase their skill sets and have a direct effect on the business. Employees will have a chance to really shine and have their performance graded on substantive work that really counts toward the success of the company. This system would challenge its employees to be the best where it really counts. If you were a Hershey’s employee, analyze how you would interpret the values that Hershey embraces in relation to your role. If I were a Hershey employee, I would embrace the Hershey values every day in the duties I perform. I would embrace each of the four values by making sure that I perform my duties in accordance with their values to help the company meet its intended goals of winning with an aligned...
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...Contemporary Issue in Business: * Demographic problem – Baby boomers are aging, and there are fewer younger people in Canada. Therefore, the demographic drag would probably increase in the coming years. As the boomer generation ages, labor force participation rates will decline and hours worked will fall. Aging will put pressure on the labour market. As workers retire and there are fewer people to replace them, there will be upward pressure on wages and adjustments on the composition and the nature of the labour force. For firms, attracting talent, while retaining relevant expertise and institutional knowledge, will be more challenging * Financial systemic risk: Until today we continue to see the enormous costs to the global economy of the financial crisis that started five years ago. Canada is not averse to this risk, since it gets transmitted across financial institution and markets. Although, this risk cannot be really controlled, managers do have the tendency to take on excessive risks during economic upswings, which leads to firms becoming overly risk averse during economic downturn. * More recently, Statistics Canada issued a report (March 9, 2010) arguing that by 2031, 25-28% of the Canadian population could be foreign born. These statistical forecasts are telling us that immigration is a major force shaping Canada’s urban areas. * Indeed, Canada’s track record in successfully integrating immigrants is slipping. On average, immigrants arrive in this country...
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...External and Internal Environmental Analysis Name STR-581 Date Instructor External and Internal Environmental Analysis “VIZIO, Inc. was founded in 2002 by William Wang with the idea that everyone deserves to own the latest technology”, VIZIO started out providing consulting services for Gateway computers with three employees, today there are over 160 employees, do to outsourcing a majority of the work. VIZIO is “still hard at work taking entertainment freedom by storm”, through adding computers, tablets, and Apps (VIZIO, 2012 para.1). There are various external issues that can persuade VIZIO to make the high-quality decisions in order to select a course of action, which will have an effect on the company’s internal structure. The external environment factors are influenced by one another they are: remote, industry, and operating environment. In a competition situation, these unified features summarize the core of the prospects and threats that VIZIO confronts. In order to track marketing prospects, VIZIO inc. should in addition be conscious of its own internal assets, qualifications, and skills. A method commonly applied by administrators or supervisors is the SWOT analysis denotes the internal Strengths and Weaknesses of an individual business and the environmental opportunities and threats a business confronts. This advance assists managers to consider VIZIO’s internal capabilities, while making use of the findings to enhance the strategic alternatives...
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...dynamic and challenging workplace that affords employees the opportunity to develop their skills and talents. With its diverse work groups, Hershey must think of ways to effectively manage its unique workforce. For instance, with more individuals from the baby boomer era still in the working, facing diversity is unavoidable. As a result, managing diversity in the workplace has been and continues to be the topic of many companies to include the Hershey’s Company. Hershey recognizes the importance of effective communication. Employees are aware of the core values of the company. According to Hollenbeck, Gehart, & Wright (2011), employees should share values, be clear about how their work contributes to the organization’s mission, collaborate effectively, and be selected, equipped, and rewarded for meeting company objectives. The core values of Hershey led to the implementation of a trainer/mentor system. This system is carried out by pairing a baby boomers with a millennials. This wise design gives both trainer and mentee the opportunity to learn from each other. In addition the trainer who has longevity with the company has the legacy that he/she willing to pass on to the baby boomer. In other words, the baby boomers are...
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...Demographic Paper Your name Course # Date Instructor Name The aging population and the Baby Boomers are becoming a dominant demographic in the United States. The Baby Boomer generation is the biggest generation in American history. There are approximately 75 million people in America. The average life span and the age of retirement has increased, the need for medications for a longer period , and chronic illnesses are examples of how the aging population and the Baby Boomer generation will contribute to changes in the health care field. “Future and current demographics play an important role in determining the supply and demand of health care workers” (HRS, p. 3). Projected demographics that will affect health care include the increased life span of the aging population, and geographic location of the population. The rise in the population percentage of the elderly over the next decade will cause a n increase in the demand for more health care workers, and medications. Concerns that the demands for health care professionals will not be met because of the financial stress placed on Medicaid, Medicare, private insurance companies, and the patients out of pocket expenses. Many physicians are in the same demographic as the aging population. These physicians may retire around the same time. The healthcare for the elderly population will increase will less physicians to care for them. Positive changes to the health...
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...Running head: CASE STUDY – HARPO Case Study – Harpo December 1, 2010 Case Background & Overview Xerox and other companies are getting worried that they will lose valuable knowledge with the retirement of the older workers of the baby boomer generation (Colquitt, J. A., Lepine, J. A., & Wesson, M. J., pg.283). What are the possible solutions to retain the information and keep the company successful? Case Study Are communities of practice, which tend to be technology-based, likely to bridge the generation gap and allow knowledge sharing between the generations of employees at Xerox (Colquitt, J. A., Lepine, J. A., & Wesson, M. J., pg.283)? Bridging the generation gap in business seems to be a difficult task. For a company to remain competitive and be successful, it must learn how to close the communication gap between generations. Communities of Practice (CoP) are groups that form to share what they know and to learn from one another regarding some aspects of their work (Nickols, 2003). The success of a particular Communities of Practice depend upon the issue, process, or practice area around which it is organized and upon which it is focused. In general, however, the mission or outcomes encompass: * stimulating interaction * fostering learning * creating new knowledge * identifying and sharing best practices Many young and energetic workers at Xerox are ready to take the reins from their older counterparts. Through technology and good communication...
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...on themselves versus what is important in life. There are too many people in the world today just looking for free handouts and, when you look at it that way, it really is all about them. Me, me, me is what our society focuses on way too often; what is going to help ME, what is going to make ME more money, what can I do to build ME up more, and you get the picture. As Williams put it in his article “Is Gen Y Becoming the New ‘Lost Generation’,” “it is clear that Generation Y has a very different set of values for work and life in general, compared to the Baby Boomers.” He said in his article that a professor named Paul Harvey concluded that Generation Y is characterized by “a very inflated sense of self” that leads to “unrealistic expectations” and “chronic disappointment.” Williams concluded by saying that “Generation Y has a significantly different attitude toward work and life in general than the current dominant Baby Boom generation and the current ongoing difficult economic times are placing the economic...
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...Rajashree Gopinath 25/02/2013 Principles of marketing Prof John O’Malley THE AMERICAN BABY BOOMER More babies were born in 1946 than ever before in the United States of America. Statistics indicate that 3.4 million people were born, which is 20 percent more than in 1945. This was the beginning of the so-called “baby boom.” In 1947, another 3.8 million babies were born and more than 4 million were born every year from 1954 until 1964. By then, there were 76.4 million “baby boomers” in the United States. They made up almost 40 percent of the nation’s population. So by definition baby boomers are the large number of people born worldwide between 1946 and 1964. History The Great depression and the World War II had just ended. This was the time when two of the most dreadful events of the world took its break. People who had postponed marriage during the Great depression and World War II had begun to consider starting a family. According to statistics between 1940- 1945, only 8% of women opted out of having babies. They started doing so because they began to think that the future holds comfort and prosperity. In a way they were rite. The then “American dream” was met by the passing of the GI bill on June 1944. Due to this, loans for homes and farms were made available to GIs at low interest rates, and low or no down payment was provided, which meant that it was cheaper to buy houses in suburban areas than to rent an apartment in the city. Hence people began...
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...Ruffled Feathers — An Analysis Nabeel Jaitapker Seton Hall University MASCL Comm 8523 March 4, 2011 Hateley and Schmidt’s (2008) Ruffled Feathers story which showcases issues discussed by penguin executives, is an accurate representation of how leadership teams behave when facing a change in diversity. The “Very Important Penguins” team realizes its mistake at the story’s conclusion, of not including diverse individuals in its conversation while discussing the subject of diversity. The use of metaphors in the story definitely raised my awareness, and the following is my analysis of the story and how it compares to my professional experience. UNFAMILIAR TERRITORY The arrival of new birds labeled as “exotic” or “different” and their impact on existing culture, is what causes the penguins to immediately call for a review (Hateley & Schmidt, 2008). They groan about how the new birds go about their daily business, and even the penguins that are accepting of the new birds, are intimidated by the notion of interacting with the new additions. I experienced this first hand as a manager at Apple, Inc. where I came into a leadership role at 27, and was working directly with other leaders who averaged 40 years of age. Needless to say, it was quite an educational experience for all parties involved. While most talked about how things were done a certain way since they had been there, I always questioned why it was done that way and how we could be more efficient using the...
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...not seem like anything other than people just receiving older. Referred to as the Baby Boomers this demographic of people are those ages 65 and older. People may think the demographics of our population have no affect on health care or our economy. This paper will include the information that proves our countries demographics do impact health care and the economy. For example, information was gathered about the target area, the aging population, and the general impact that demographic group has on the health care market. This information will also include how the aging population will increase the nation’s health care costs and prescription drug costs. This paper will include information about how a chronic disease wellness program may affect the cost for the aging population and how these issues can be addressed. Statistics Because of this proposed “baby boom” generation rapidly increasing, there has been an increased health care cost. The health care cost per person for people over age 65 is three to five times greater than that of people under the age of 65 (United states census bureau, 2003). This increased cost along with other factors such as long-term care and advancements in technology could increase health care cost even higher. More than 50 million of these Baby Boomers are sparking a demand for products but a certain type of environment to meet their needs. As the Baby Boomers grow older, they require accommodations to meet their changing physical and sensory...
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...Gordon Bellamy 07/15/2013 THE BABY BOOM During the Great Depression the marriage rate fell as uncertainty over economic conditions caused people to postpone decisions that would significantly affect their lives. Birthrates also dropped: pessimism shrouded Americans' expectations of a promising future for themselves and their children. After World War II ended, however, prospects seemed considerably brighter. Young Americans returned home from war in 1945 ready to reap the benefits of victory and a prospering economy. Accordingly, there were almost 2.3 million marriages in 1946, an increase of more than six hundred thousand over the previous year. Many of these newlyweds had children within a year: a record 3.8 million babies were born in 1947. This was the first year of the baby boom, which lasted for most of the 1950s. Between 1948 and 1953 more babies were born than had been over the previous thirty years. In 1954 a record birthrate, a low death rate, and an influx of 144,000 immigrants created the largest one-year population gain in U.S. history. (Thomson Gale) In the United States, the term Baby Boomers commonly applied to people with birth years after World War II and before the Vietnam War. A large part of the cause of the Baby Boom was an after effect of World War II where the bombed out cities and fractured economies increased the needs for goods and services in unprecedented...
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