Business Trends and Challenges 2024

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the concept referred to as 'workism'?

  • The balance between work and personal life
  • The tendency to overwork and neglect personal relationships
  • The idea that our personal life is the cornerstone of our work's purpose
  • The concept that our work is the cornerstone of our life's purpose (correct)

According to Arthur C. Brooks, what happens when we fall prey to professional self-objectification?

  • We tend to sacrifice our job for our friend and family relationships
  • We become indistinguishable from our work (correct)
  • We develop a better work-life balance
  • We tend to gain a sense of community and transcendence

What is the suggested practice to manage self-objectification?

  • Quit your job to achieve a better work-life balance
  • Sacrifice friend and family relationships for the job
  • Follow two practices suggested by Arthur C. Brooks (correct)
  • Set boundaries and prioritize work

What is a characteristic of someone who falls prey to professional self-objectification?

<p>They tend to sacrifice friend and family relationships for their job (C)</p> Signup and view all the answers

Who coined the term 'workism'?

<p>Derek Thompson (B)</p> Signup and view all the answers

What is predicted to happen with the idea of hybrid work?

<p>It will expand from the rigid definition of 'being in-person at a company office two days a week'. (D)</p> Signup and view all the answers

Where are work-from-anywhere teams meeting in addition to downtown office buildings?

<p>At company offsites, suburban locations, and trade conferences. (B)</p> Signup and view all the answers

How frequently do teams meet in-person according to Prithwiraj Choudhury's research?

<p>A few days a month or once a quarter (B)</p> Signup and view all the answers

Why do companies need to make a concerted effort to help employees with caregiving responsibilities?

<p>To retain talent in a tight labor market (B)</p> Signup and view all the answers

What is expected to severely limit the growth of the workforce in the US?

<p>Demographic changes (C)</p> Signup and view all the answers

Flashcards are hidden until you start studying

Study Notes

  • The global economy faces challenges due to war, climate change, trade issues, and infrastructure problems.
  • Businesses struggle to develop and meet diversity, equity, and inclusion goals.
  • Many companies are still finding a hybrid balance between in-person work and remote work.

Workism

  • "Workism" is the idea that our work is the cornerstone of our life's purpose.
  • It can make our life and work indistinguishable, leading to professional self-objectification.
  • Signs of self-objectification include:
    • Identifying oneself with their job.
    • Sacrificing friend and family relationships for work.
    • Grieving the loss of a job as if it were a death in the family.
  • To manage self-objectification, one should set boundaries to ease workism.

Hybrid Work

  • Hybrid work will continue to evolve beyond the traditional definition of "being in-person at a company office two days a week."
  • Teams are innovating on where to meet and when to meet, considering alternative spaces such as company offsites, suburban locations, and trade conferences.
  • Flexible forms of hybrid work, such as meeting in-person for a few days once a month or quarter, can help individuals work from anywhere and companies hire from anywhere.

Caregiving Policies

  • The COVID-19 pandemic has increased the need for companies to revisit their caregiving policies.
  • Companies must make a concerted effort to help employees meet their caregiving responsibilities to retain talent.
  • Demographic changes will lead to a severe shortage of workers with the right skills, making caregiving policies crucial for employers' self-interest.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team
Use Quizgecko on...
Browser
Browser