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What Trends Currently impact Workplace - Coggle Diagram
What Trends Currently impact Workplace
The Canadian Business Trends alongside Organizational Structures reflect the following composition.
Small Businesses in Canada
98% of all enterprises (CBC News, 2011)
Defined as <50 employees, medium-size: 50-200
Growth Factors:
Downsizing from large companies
Specialized market opportunities
Internet leveling competition
Flexibility & innovation
Impact of Small Businesses (Nugent, 2017)
Community identity & involvement
Local jobs & economic benefits
Environmental advantages
Innovation & competition
Unions in Canada
The labor organization came into existence during 1812 in order to fight unfair practices committed against workers.
Key Issues Addressed:
Wages, safety, excessive hours
pros and cons
Job security, balance of power vs. rigid structures (Weinlick, 2015)
Corporate Culture Trends
According to Waterstone (2010) the majority of 83% of employers choose cultural compatibility instead of competency as their main hiring priority.
Employee engagement alongside retention levels of staff and industry advantages emerge as the main effects.
Globalization & Business
Opportunities & Challenges:
Expanded markets vs. increased competition
Global Entry Strategies:
Modern firms use Online sales, outsourcing, foreign partnerships to expand their operations (PwC, 2010).
Key Challenges:
Quality control, customer adaptation, economic/political shifts
Organizational Structures
Traditional (Vertical): Multi-level management, slow decision-making
Emerging Trends (Horizontal/Flat):
Faster communication & flexibility
Technology enabling digital workplaces (Distelzweig & Droege, n.d.)