Level of knowledge necessary to run american business

Assignment Help Business Economics
Reference no: EM131932185

As my generation (baby boomers) leave the workforce over the next couple of decades, will the remaining employees be equipped to maintain the level of knowledge necessary to run American business?

This is actually a simple, but far reaching problem: A huge number of current employees who possess a great wealth of institutional knowledge will be eligible to retire over the next 10 to 15 years. In general, businesses have done very little to facilitate the transfer of this knowledge from more experienced (old) workers to less experienced (young) workers. The base of the problem is that experienced workers have virtually no incentive to pass their knowledge forward and younger workers do not see the need to be receptive to the additional "training."

What would you suggest a company do to both encourage older workers to pass on their knowledge and for younger workers to receive the knowledge?

Reference no: EM131932185

Questions Cloud

What will be the yield-to-maturity on these bonds : Chase inc. plans to sell a 10-year semi-annual coupon bond for $1,234.56. what will be the yield-to-maturity on these bonds?
Why is measuring performance the key to improving process : Why is measuring performance the key to improving process? Find an example of a process which was improved by measuring performance.
Post investment hold up : Probably the most important source of capital is human capital. For example, most medical doctors spend years years learning to practice medicine.
Compare the models and information found with nonakas theory : Compare the models and information found with Nonaka's Theory of Knowledge Creation. Consider ways knowledge creation works in your organizations.
Level of knowledge necessary to run american business : As my generation (baby boomers) leave the workforce over the next couple of decades, will the remaining employees be equipped to maintain the level of knowledge
Part-time job in a different restaurant : You are offered a part-time job in a different restaurant where, rather than being able to eat for free, you receive only a large discount on your meals.
How an organization learns is critical to remain viable : How an organization learns is critical to remain viable and competitive in today's society. Learning is key to generating forward movement for an organization.
Write a report on a chosen construction technique : Write a report on a chosen construction technique/method or technology that is innovative and has been in trend in construction projects recently.
Costly for to continue running store : How do you explain to your friends that despite making a pro?t, it is too costly for you to continue running your store?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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