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What trends currently impact the workplace? - Coggle Diagram

- - - - Increased competition, leading to specialization and downsizing to stay competitive.
    - - Low Risk
        
        Sell internationally via the internet and ship orders.
      - Moderate Risk
        
        Use a salesperson or outsource production through local companies.
      - High Risk
        
        Establish a physical presence via operations, partnerships, or offices.
    - - Adapting products to local demands, climates, and cultures.
      - Navigating unpredictable economic and political conditions worldwide.
      - Ensuring quality and delivery timelines across long distances.
  - - - Enables 24/7 access to products, services, and information, raising customer expectations and pushing companies to innovate.
    - - Businesses leverage technology for online transactions, digital communication, and virtual collaboration to stay competitive.
    - - Technology replaced low-skilled jobs with high-skilled roles, transitioning from a manufacturing-based to a service and knowledge-based economy.
    - - Smaller businesses can compete with large corporations and in global markets.
      - Higher employee skill levels due to automation of low-skilled jobs.
      - Remote work flexibility with internet and cloud-based computing.
  - - - AI-powered chatbots and recommendation systems enhance customer interactions.
    - - AI reduces uncertainty by providing data-driven insights and predictions.
    - - AI processes vast data sets to identify patterns, supporting data-driven decision-making.
    - - AI streamlines hiring through automated screening, skill assessments, and candidate matching.
    - - AI automates repetitive tasks, boosting efficiency and allowing employees to focus on strategic work.
    - - AI facilitates virtual teamwork with smart scheduling and project management tools.
    - - AI-driven learning platforms offer personalized employee training and upskilling.
    - - AI predicts equipment failures, reducing downtime and maintenance costs.
    - - AI improves demand forecasting, inventory management, and logistics.
    - - AI analyzes work environments to detect hazards and ensure safety compliance.
    - - AI supports content creation, design, and music composition, impacting human creativity.
    - - AI raises issues like job displacement, algorithmic bias, and privacy risks.
  - - - Businesses seek globally experienced employees; 80% of Canadian millennials want to work abroad.
    - - Canada faces a skilled worker shortage in the next decade.
    - - International exposure fosters creativity and economic growth.
    - - Digital tools enable global team management.
    - - Social ties, family responsibilities, undesirable locations.
    - - Portable Benefits
      - Immigration Policies
      - TaxPolicies
      - Global Agreements
- - - - Work Ethic
      - Risk-Taking
      - Integrity
      - Collaboration
      - Consistency
    - - Government policy changes
      - Technological advancements
      - Global competition
      - Workforce diversity
  - - - mutual consensus shapes culture
      - Essential for career success
    - - Recognition & rewards
      - Learning & development
      - Wages & benefits
      - Dress Code Trends
    - - Maximizes potential, talent, and capabilities
      - Defined by shared beliefs
      - Attracts and retains employees
    - - boosts productivity
      - lead to success
- - - - Specialized Markets
      - Agility
      - Internet Accessibility
      - Creativity and Innovation
      - Job Downsizing
    - - Fewer than 50 employees
      - Represent 98% of all enterprises in Canada
    - - Economic and environmental benefits
      - Job creation and increased tax revenue
      - Community identity and involvement
      - Encourages entrepreneurship, competition, and product diversity
- - - - Paying new employees
        same as long-term workers
      - Rejecting salary increases
      - Firing employees without explanation
      - Letting wages fall below industry standards
      - Retaining poor-performing employees
      - Reducing benefits
      - Hiring externally for promotions
      - Ignoring employee concerns
    - - Viewed as hindering competitive strength
      - Fair treatment to prevent unionization
  - - - Need for unions to adapt to evolving work environments
      - Rapid economic changes affecting global competitiveness
    - - Confrontation is less effective; cooperation with management is essential
      - Focus on maintaining employer financial health for long-term job security
  - - - Management done by Groups
        instead of individuals
      - Union representatives participate
        in company decision-making
    - - Job protectiion/security
      - Balance of power between
        employees & employers
      - Improved Wages and working conditions
    - - Establishes in 1812 to
        prevent unfair employment
      - Address issues like poor wages,
        health risks, and excessive work hours