AFM 132 - Chp 1 - Future of work

Question 1

what’s the percentage of jobs in 2030 that haven’t been created yet?

Answer 1

85%

Question 2

what has been the trend of the rate at which new technologies have been adopted

Answer 2

increasingly faster

Question 3

how was automation affected the workplace?

Answer 3

there will be some job displacement taking place and creation of new jobs

Question 4

what do businesses who want to go international need to consider

Answer 4

1. competition for customers - locally + globally
2. business decisions - deciding where to source raw materials, talents, and where to locate facilities (to be closer to resources + customers)
3. employment - how and where you work, which can be shaped by technology enabling us to interact with colleagues around the world

Question 5

what do employers value today in graduates

Answer 5

graduates with a global mindset

Question 6

what things do consumers expect of businesses today?

Answer 6

1. ethical behaviour - do companies extend their values + expectations with those that they’re associated with (e.g. suppliers)
2. sustainability - are their business practices sustainable, leaving a positive impact on the environment to protect the world for future generations?
3. how companies can give back to their communities through philanthropic initiatives
4. what a company stands for, as this can influence whether you and others want to be a customer or even an employee of that company

Question 7

how does starbucks practice sustainability?

Answer 7

removal of plastic straws
use of reusable cups in store - discount

Question 8

how have grocery stores practice sustainability

Answer 8

charge for plastic bags - encourage customer to brings reusable bags to use instead

Question 9

how have offices practiced sustainability?

Answer 9

green office practices - powering off electronics

Question 10

what network did waterloo launch to support the UN’s SDGs

Answer 10

Sustainable Development Solutions Network (SDSN)

Question 11

how to stay relevant in a fast-changing world?

Answer 11

hone in technical + soft skills that can’t easily be replicated - digital literacy, entrepreneurial abilities (managing uncertainty + taking risks), creativity, problem-solving, social intelligence

Question 12

What can technology not replace that professions in business rely on?

Answer 12

professional judgement, technology struggle to reliably take into account qualitative factors or future industry changes that should be considered before making a decision

Question 13

define intraprenuership

Answer 13

being entrepreneurial in a corporate setting

Question 14

what is an entrepreneurial ecosystem in Waterloo

Answer 14

The Problem Lab, Velocity

Question 15

why is social intelligence important?

Answer 15

Social intelligence is having the awareness of the skills + knowledge needed to effectively collaborate with others, and have an understanding of yourself.