WEEK 3 Flashcards
Stereotype (cognition)
- often implicit (not conscious)
- based on personal experiences, cultural environment, interactions
- activated in our brains when we act quickly to draw conclusions
- biased generalizations about a social group
Prejudice (affection)
- often based on stereotypes
- lack of empathy based on an exaggerated or flawed generalization
- shown through emotions such as anger, disgust and discomfort
Discrimination (behaviour)
- when someone belonging to a certain social group is treated less favorably because of the characteristics associated with that group
What does it mean to manage diversity?
recognizing differences between individuals to create a productive environment where people feel welcome and valued, and each person’s abilities are fully utilized while company’s goals are being met
AMO Model
Ability + Motivation + Opportunity = Individual performance
VUCA
Volatility
Uncertainty
Complexity
Ambiguity
Industry 1.0
Mechanization, steam power, weaving loom
Industry 2.0
Mass production, assembly line, electrical energy
Industry 3.0
Automation, computers and electronics
Industry 4.0
Cyber Physical Systems, internet, networks
Revolution 4.0 and HRM
- diversity management: using the strengths of a diverse workforce
- workers value being able to participate in decision-making and having control over their work
- workers are more motivated to continuously learn and update their skills
- workers always connected anytime and anywhere
- demands for shared leadership and mutual development
- any change in technology leads to rapid and far reaching effects
Current trends
- Outsourcing: a process in which a company hires another company to perform certain services
- Offshoring (relocation): strategic displacement of a company’s activities from one place to another to obtain gains through reduction of production costs
Industrial relocation
occurs from developed countries to other countries in order to:
- search for better production conditions (cheap and abundant labor force and materials)
- expand to new markets
- have less control over environmental impacts
Outsourcing: Pros and cons
- flexible for the company
- provides human capital at lower fixed cost
- allows management to focus on its most important activities (Pros)
- Loss of control over process and result
- company providing service might not fully understand what the company wants or be committed to its goals (Cons)
Offshoring: Pros and Cons
- reduction in FC and wages (production costs)
- increased wage productivity
- increased employments rate in foreign country (pros)
- decline in employment rate in home country
- offshore outsourcing: threat to stability and effective job creation
- greater external dependency
