Mgc 2230 Notes

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that bind countries, institutions and people in an interdependent global economy

➔ Global management skills and competencies: strong and detailed understanding of international business strategy, cross-cultural management, international marketing, international finance, managing e-business and the internet, risk management, managing sustainable organisations, re-engineering organisations, managing the virtual workplace, knowledge management, international economics and trade and Asian languages

2. The changing nature of work

➔ Technology

◆ High technology → machine to do routine chores cheaply and accurately than people can

➔ Knowledge management

◆ knowledge -based economy: is an economy in which the production, distribution and use of knowledge is the main driver of growth, wealth creation and employment across all industries

◆ Knowledge management: focuses on processes designed to improve an organisation’s ability to capture share and diffuse knowledge in a manner that will improve business performance

● Retaining people who possess the knowledge the organisation or the country needs

● Brain drain: characteristic of today’s skilled workforce whose members are now mro mobile and prepared to take their knowledge with them to their new workplaces as they pursue chances across the globe

3. The changing nature of the workforce

➔ Size is growing more slowly → result of the global economic slowdown

➔ The average age of workforce is rising

➔ More women

➔ Increasing proportion of ethnic minorities

➔ Increasing proportion of immigrants

➔ Increasing mobility

➔ Labour packaging

➔ International careers

➔ International experiences is becoming a prerequisite for career progression to many top level management positions

➔ Workforce diversity

◆ Culture

● Differences across cultures

○ Leadership

○ Motivation

○ Decision making

● The dimensions of culture

○ Power-distance

○ Uncertainty avoidance

○ Individualism collectivism

○ Masculinity femininity

○ Long, short term orientation

◆ Age

◆ Gender

4. The changing nature of employer-employee relations

➔ Employee rights

➔ Job security

➔ Employment opportunity

➔ Equity of earnings

Work-life balance

➔ Paid parental leave

➔ Transforming training for apprentices in Australia

Outsourcing

➔ Job migration

➔ Global outsourcing

➔ Virtual workspaces enabled by communications and information technology → cheap and efficient

Casualisation of the workforce

➔ Casual work: where the number and schedule of work hours vary and there is little or no security of ongoing employment

Telecommuting

➔ Remote working

➔ Reduce traffic congestion and reducing energy and pollution

➔ Reduce costly overheads, improve employee productivity and reduce office space area

➔ Improve organisational competitiveness

➔ Socially isolated and may miss out on opportunities for promotion

Ethics and values

➔ Corporate social responsibility

➔ Triple bottom line reporting

➔ Ethical dilemma

Week 3: Diversity in Organisation

- Two major forms of workforce diversity

- Biographical characteristics of diversity and how are they related to OB

- Intellectual and physical abilities

- How organisations manage diversity

- Culture affects our understanding of biographical characteristics and intellectual abilities

Diversity and the Australian Workforce

- The melting pot: heterogeneous society becoming more homogeneous, harmonious whole with a common culture

- Used to describe the assimilation of immigrants prior to 1970s

- Pot of stew theory: people of various backgrounds add unique contributions that create a diverse cultural stew

- Multiculturalism movement: challenged the desirability of assimilation and the official government policy of ‘White Australia

- Minister of Immigration in the then government AI Grassby argues that cultural differences within society are valuable and should be preserved or even encouraged

- ‘Salad bowl’: mixed of different culture but they should still remain distinct

- Multiculturalism: is the acceptance or promotion of multiple ethnic cultures, applied to the demographic makeup of a specific place

- Australian Federal multicultural policy

1. cultural identity: the right