OT- W1.A

Question 1

What are the main challenges that managers of contemporary organizations face today?

Answer 1

CSR, Social Inequality, hypercompetition, The rise of millenials and zoomers, Grand challenges

Question 2

Why does the rise of millenials and zoomers serve as an obstacle to contemporary organizations?

Answer 2

because of an increasingly ageing population they are in short supply . Therefore, contemporary organizations need be prepared for a war when it comes to attracting the right employees.

Question 3

What are platform based business models?

Answer 3

Digital platforms that fulfill the usually carried out actions to make a transaction take place at virtually no costs enabling the provider to already make profit of a fee over each transaction.

Question 4

Why is it important for BPMs to be open and accessible?

Answer 4

Because they’re profit is based of fees within every transaction

Question 5

How does the digital revolution play a role in gig economy?

Answer 5

Most workers within the digital economy are legally self-employed. The gig economy is for a large part enabled by digital technology, for example by using apps. The gig economy as we know it now would not exist on this scale would it not have been for digital technology. For a lot of providers it is not possible to use the service without using the app (for instance: Uber).

Question 6

How does digital technology influence management practices?

Answer 6

By enabling self management through the use of digital software, IT-tools make self managing possible within big organizations. Additionally, BPM aids managers in assessing their workforce/ organization. BPM is about collecting and analyzing all digital traces left by the accomplishments of work in organizations this allows for dramatic increases in efficiency.

Question 7

What is globalization?

Answer 7

The process of economic integration of countries, through the increasing flow of goods, services, capital and labor. (Stiglitz 2003)

Question 8

What are the arguments of pro-globalists?

Answer 8

1. Equal distribution of wealth and knowledge
2. Increase in life expectancy
3. Decrease of infant mortality rate
4. Increase in productivity

Question 9

**What are the arguments of anti-globalists?

Answer 9

1. We see benefits such as free flow of knowledge, capital, goods and technology
2. Increased inequality because of the flow of wealth from mostly poor countries to rich countries.
3. The Western Capitalist countries profit most.
   Stiglitz attributes this to power imbalances (see below)

Question 10

According to Stiglitz, how can we explain the imbalances in wealth gained from globalization?

Answer 10

Because globalization doesn’t happen in vacuum, already pre-existing power imbalances lead to some countries benefitting more than others.
The most profiting countries are the Western ones.

Question 11

What are the consequences of globalization for Western countries?

Answer 11

• a shift from production-based to service-based resulting in a shift in tasks and required skills.
• emergence of knowledge intensive industries
• Technology is getting increasingly important (when it comes to communication) which requires new competencies and skills
• Managing is changing: it now requires more developmental work and is focused on renewing and improvement instead of rule enforcing and issuing commands
• Change in composition of workforce

Question 12

Describe the principle-agent problem

Answer 12

The principle agent problem arises when one party (agent) agrees to work in favor of another party (principle) in return for some incentives. Such an agreement may incur huge costs for the agent, thereby leading to the problems of moral hazard and conflict of interest.