Product knowledge and historical perspective

Assignment Help Operation Management
Reference no: EM131042864

Multigenerational Offices

Carolyn Martin of Rainmaker Thinking Inc. encourages her clients to develop mentoring programs so that important company and industry knowledge is passed from older to younger employees. "[Older workers] are walking out the door with a gold mine of experience, product knowledge, and historical perspective, and we're letting them go," she said at a recent economic conference. "Knowledge as power is out. Knowledge shared is in. Everyone, no matter what their age, is a teacher and a learner." Martin even suggests that employers seek to hire older workers who can teach younger ones. Typically, she says, members of the baby boom generation—who are now beginning to retire—go on to start second careers anyway. "Proactively recruit 50-plus people," she advises. "The older worker is cool. There are not enough Gen-X and -Y to replace them all."

In this activity, you will see another example of a company, Randstad, which is effectively leveraging older workers and pairing them up with Gen-Y'ers. You'll watch the video and consider the questions that are posed as a way to more effectively understand the magic of the multigenerational office.

The baby boom generation (those born between 1946 and 1964) is aging. Today, almost 4 out of 10 workers are age 45 or older, and the median age of America's workforce is rising as the number of older workers swells, while the number of young workers grows only slightly. At the same time, companies need to compete hard for the smaller pool of young talent, being prepared for applicants who know the job market and are ready to demand the working conditions they value and the praise they were raised to expect. Today's companies are learning the value of both young and older workers—and finding new ways to encourage them to collaborate. Pooling the knowledge of experienced workers with the energy and fresh ideas of younger workers can create a powerful workforce.

One of the reasons this mentoring arrangement works so well is that there isn't the _________ that often exists among those closer in age.

brain drain

competitiveness

difference

power

attraction

Reference no: EM131042864

Questions Cloud

At what inventory level should he place an order : Gentle Ben's Bar and Restaurant uses 6,700 quart bottles of an imported wine each year. The effervescent wine costs $4 per bottle and is served only in whole bottles because it loses its bubbles quickly. What is the economic quantity for Ben to order..
Discuss the role that marketing automation : Discuss the role that Marketing Automation or Service Automation plays in the organization that you work (or one that you are familiar with) and your interactions with it - what is working well or not so well, what can or should be done differently.
Contrast the code of ethic : Complete the Assurance of Learning Exercise 10A on page 326 of the textbook. You will be asked to analyze and to compare and contrast the code of ethics of both Starbuck’s and McDonald’s. Summarize your analysis and findings in a two-page APA formatt..
Advantages and disadvantages in the light of the case-study : The essay should: present Extreme programming methodology (phases, stages and tools). Discuss the advantages and disadvantages in the light of the case-study
Product knowledge and historical perspective : Carolyn Martin of Rainmaker Thinking Inc. encourages her clients to develop mentoring programs so that important company and industry knowledge is passed from older to younger employees. "[Older workers] are walking out the door with a gold mine of e..
Activities be performed by various marketing institutions : The marketing process does not take place automatically. It requires that certain marketing functions or activities be performed by various marketing institutions-and by consumers themselves. Name a product for which all eight marketing functions do ..
What are some of the ethical considerations of virtual teams : What are some of the ethical considerations of virtual teams and techniques to overcome challenges? What suggestions would you have to help support group collaboration in a virtual team environment?
Evaluate your teams readiness for team-building : Evaluate your team's readiness for team-building. Include evaluation and explanation of some of your ratings on individual line items that contributed to a high or low score. If you did decide to pursue team-building, would you use an outside consult..
Identify one typical local business in your community : Identify one typical local business in your community (e.g. fast food, computer retail, or bank) and describe fully the environment that this local business might face, and then explain why it is important for managers to be aware of that environment..

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd