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Quiz yourself with questions and answers for Exam 2 Business Management , so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.
The manager who knows how to plan, organize, implement, and control is ready to make decisions needed to operate a business successfully.
- Born from shared events and experiences that shaped the society they grew up in
- — Nelson Mandela
- Millennials
- New economies Business models Tech adoption Leadership Company culture
- BUSINESS SHIFTS
- | Born: 1946–1964
- INFLUENCES GENERATIONAL SOCIETAL THEMES SHIFTS
- LIVE WORK
- Baby boomers and the work ethic that changed the world
- | Born: 1965–1980
- Dot-com startups – paper millionaires
- INFLUENCES GENERATIONAL SOCIETAL THEMES SHIFTS
- MTV
- Diversity
- Gen X and the benefits of balance
- War on savers
- WORK
- Patriotic
- Gen Z — digital natives and leaders of change
- Intentional consumerism
- Intentional consumerism
- WORK
- UPSIDE-DOWN
- Gen Z will flip the work model for every business
- SHIFTS
- SOCIETAL SHIFTS
- Human connection for all
GENERATION: Born from shared events and experiences that shaped the society they grew up in Each generation resets societal norms thanks to their collective responses and reactions to the times and events during which they grew up. It “ is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is ...
Influence is richer and more profound than stereotypes Boomers Gen X
”Spoiled” “Idealistic” “Cynical” “Directionless” “Hippies” “Slackers” “Entitled” ”Self-obsessed” “Noncommittal” Influence is richer and more profound than stereotypes
Trailblazers and rebels External influences shape the values, beliefs and behaviors of every generation — which ultimately lead to societal and business shifts INFLUENCES
WORK New economies Business models Tech adoption Leadership Company culture The values, beliefs and behaviors of a generation ultimately lead to three primary societal shifts: Live: the things that define lifestyle, education, home and family Play: the sports, hobbies, volunteerism and travel experiences that enrich us Work: the career or jobs that...
INFLUENCES • TV: Involvement Rise of • marketing Idealism and consumerism • Optimism Post-WWII children Vietnam Civil and women’s rights Petrodollar GENERATIONAL THEMES
Trailblazers and rebels • TV: Involvement Rise of marketing • Idealism and consumerism • Optimism Post-WWII children Vietnam Civil and women’s rights Petrodollar American Dream Company loyal Workaholics Anti-establishment Living for the cause PLAY
BUSINESS SHIFTS Go-go economy Suburban growth Consumerism Rise of data processing and computer language Retail, manufacturing and services industry expansion
Baby boomers experienced, and drove, a period of intense societal change. In the aftermath of WWII, they rolled up their shirt sleeves and got to work chasing the American dream and the material gains of a newfound consumerism and middle-class wealth. Others, however, challenged the establishment. Trailblazers of their generation focused society’s ...
INFLUENCES Cable, internet and PCs Latchkey kids AIDs
GENERATIONAL THEMES Work life balance Independence Dual incomes
Trailblazers and rebels Cable, internet and PCs Latchkey kids AIDs
Berlin Wall Dot-com startups – paper millionaires Work life balance Independence Dual incomes
PLAY LIVE WORK BUSINESS SHIFTS Digital economy E-commerce
Gen X, or the forgotten generation, were the latchkey kids of workaholic or divorced parents. By the time they entered the workforce, balance was critical. They created and valued an increasingly diverse workforce and prioritized play as much as work. The last to know life before the internet and the first to embrace modern computing in the workpla...
GENERATIONAL THEMES Seeking purpose and job security Demand companies and government to “do better” Insta-worthy, “live out loud”
Digital and social media adoption Rise of influencers
BUSINESS SHIFTS Gig economy Mobile commerce Digital and social media adoption Rise of influencers Made in America
If millennials were tech-savvy, Gen Z is digitally native. They’ve never known life without mobile, let alone the internet. Online friends are valued equally to school and real-life relationships. But with enormous potential in a digitally expansive world, Gen Z is stressed unlike any other generation at their young age. Environmental worries, fina...
They are financially pragmatic and will push brands to be more ethical and sustainable. Multiple economic pathways Always looking to do more with less — painting economic pathways that aren’t fully paved.
They are financially pragmatic and will push brands to be more ethical and sustainable. Multiple economic pathways Always looking to do more with less — painting economic pathways that aren’t fully paved.
Gen Zers want it all: the perfect balance of live, work and play. But they can’t see and don’t recognize the boundaries between. For Gen Z ultimate mobility, gig-based work and flawless technology will reshape their careers and lives. GEN Z WILL FLIP OUR
GEN Z WILL FLIP OUR TRADITIONAL MODELS UPSIDE-DOWN The change is already here. Or underway. Completely remote jobs. Digital nomad programs. The blending of vacation and business travel. And new educational principles based upon building skills vs. academic discipline. As this progress occurs, Gen Z remains concerned over mental health and overall w...
You may have seen the video of a toddler trying to treat a magazine page like a tablet touchscreen. This is the same dynamic Gen Z is facing in workplaces that weren’t designed around them or their digital fluency. It’s now essential that every business become a truly digital company to be attractive to Gen Z workers and stay relevant as the world ...
Trailblazers and rebels How are you preparing for the shifts in front of us to reshape your customer, product, employee and brand experiences? INFLUENCES GENERATIONAL THEMES
Trailblazers and rebels BUSINESS SHIFTS For more on Gen Z, visit our content library: www.ey.com/GenZ
Whatever generation, whatever life stage we’re experiencing from retiring boomers to Gen Zers stepping up, we are all connected. We are all part of the amazing human experience and bear the responsibility of helping each new generation propel society and our businesses forward to greatness. EY | Building a better working world EY exists to build ...
Study Flashcards On Principles of Management Exam 2 at Cram.com. Quickly memorize the terms, phrases and much more.
Jul 16, 2024 · Enhance your business acumen with the 'Understanding of Business and Management Quiz.' This comprehensive quiz delves into key concepts in business and management, testing your knowledge on leadership, organizational...
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Study with Quizlet and memorize flashcards containing terms like Management Roles, Management Principles, Work Schedules and more.
