Effect of Demographics and Emerging Technologies
Without a doubt, emerging technologies are altering the world today, from how people make calls through the phone to how companies operate. The technology industry is a sector that is growing fast. Consequently, the nature of work, the notion of the workplace, and the working dynamics are evolving as well (Vassileva, 2017). Thus, it is no surprise that employees must learn new skills to remain relevant. Today, the requirements for employment are high, and the competition is stiff. As a result, there is a need for the workforce to comprehend how new technologies are altering the market today and the need for workers to familiarize themselves with the new inventions to meet the requirements.
Global Environment
What are some of the implications of demographic forces for the industry you work in or aspire to work in?
Demographic forces have various implications for organizations. Demographic forces play a vital role in designing a business guide. For instance, the age of organizational leaders, workers, and customers determines how simple or complex it will be to adjust to new innovations. Conversely, the per-capita pay of a particular community will impact the general expense of an association and consequently affect or benefit the business. Moreover, the educational abilities of people will affect the general quality of services provided in a restaurant (Patel & Bansal, 2018). There is an increased chance of effortlessly discovering a talented workforce for locations with high educational tendencies.
The advantages and disadvantages of technological change
Technology change has brought along various advantages. Firstly, technological change has made it easier to access information. An individual can access most of the news and trends on social media platforms, which may entail images. Such information is straightforwardly accessed. Secondly, technological change has helped in saving time, especially in issues related to navigation. For instance, a person searches for our store and even pinpoints their specific destination. The application does the rest of the work. Furthermore, the change has made communication easier because people can send each other instant messages and make video calls from any part of the world (Vassileva, 2017). At Starbucks, our customers are able to call and place their orders efficiently.
Unfortunately, technological change brings along some disadvantages as well. One of the most significant disadvantages of innovations is over-dependence on every little thing (Vassileva, 2017). Conversely, adapting fast to the innovations and the daily arising advances is inconvenient to our customers, since the clients are expected to up-expertise themselves to the change to utilize the technology.
How can information technology lead to beneficial changes within the workplace in the industry you work in or aspire to work in?
Data innovation can undoubtedly lead to valuable changes in the work environment. Information innovation can enhance the general effectiveness of the workplace. Frameworks that are managed innovatively can help accomplish errands with higher speeds and increased accuracy. Besides, mechanical innovations can help enhance the effectiveness and security of the workplace.
Social Responsibility
What do you consider to be the top three benefits of social responsibility?
I consider better brand recognition, customer loyalty, and increased sales the top three benefits of social responsibility.
How does your organization implement social responsibility initiatives? If they don’t, what considerations should be made?
Starbucks has always believed it should make a positive impact on the people they serve. As a result, at Starbucks, we source and produce ethical and sustainable products (Starbucks, 2020). The above shows that customers are offered high-quality products. At the same time, Starbucks is committed to reducing its environmental footprint, motivating others to change, and assisting in keeping the footprint down. In addition, Starbucks likes creating opportunities for the community by investing in areas that will push them higher, such as education, employment, and training. Going further, Starbucks strengthens the community by providing its stores as a place for public conversations and increasing civic engagement (Starbucks, 2020).
References
Patel, J., & Bansal, A. (2018). Effect of demographic variables on e-marketing strategies: A review. International Journal of Academic Research and Development, 3(1), 311-321.
Starbucks (2020), GLOBAL ENVIRONMENTAL & SOCIAL IMPACT REPORT. https://stories.starbucks.com/uploads/2021/04/Starbucks-2020-Global-Environmental-and-Social-Impact-Report.pdf
Vassileva, B. (2017). Marketing 4.0: How technologies transform marketing organization. Óbuda University e-Bulletin, 7(1), 47.
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Question 
Effect of Demographics and Emerging Technologies
Reflection
Competency 3 Reflection: Explain how evolving demographics and emerging technologies transform organizations.
This reflection activity is comprised of two sections, collectively totaling a minimum of 500 words. Complete your reflections by responding to all prompts.
According to George and Jones (2020), a company’s stance on social responsibility is the way its managers and employees view their duty or obligation to make decisions that protect, enhance, and promote the welfare and well-being of stakeholders and society as a whole. This includes the way the company handles changing demographics and emerging technologies.
Global Environment
Consider the forces in the global environment and your professional experience when responding to the following questions:
What are some of the implications of demographic forces for the industry you work in or aspire to work in?
What are the advantages and disadvantages of technological change?
How can information technology lead to beneficial changes within the workplace in the industry you work in or aspire to work in?
Social Responsibility
Consider your professional experience when responding to the following questions.
What do you consider to be the top three benefits of social responsibility?
How does your organization implement social responsibility initiatives? If they don’t, what considerations should be made?
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