Unit 1: The Future of Work - Notes

**Unit 1: The Future of Work** **The Future of Work: Looking Ahead to 2030** Tasks and job responsibilities are shifting due to technological innovations leading to job loss concerns Consider the rate at which technology has been changing and adopted ○ Se.g. USB vs Google Drive, cell phone vs...

**Unit 1: The Future of Work** **The Future of Work: Looking Ahead to 2030** Tasks and job responsibilities are shifting due to technological innovations leading to job loss concerns Consider the rate at which technology has been changing and adopted ○ Se.g. USB vs Google Drive, cell phone vs telephone Changes occurring due to evolving needs and desires New technology is quickly adopted causing routine and repetitive tasks to be phased out People still add value by developing the right technical and soft skills **Impact of the Business Environment** ** International Business** **○ Competition for Customers** Locally and globally with the prevalence of e-commerce platforms **○ Business Decisions** Where to source raw materials, talent, and locate facilities **○ Employment** How and where you work is shaped by technology that enables us to interact with global colleagues **○ Grads with a Global Mindset are Valued** If you understand/are exposed to different markets, consumers, and business practices, it shows adaptability and collaboration skills This can set you apart ** Ethics and CSR** **○ Ethical Behaviour** Companies that extend their values and expectations (e.g. fair wages, quality working conditions) with those they're associated with (e.g. suppliers) **○ Sustainability** Companies that leave a positive impact on the environment to protect the world for future generations **○ How companies can give back to their community** **○ Stance on social or political issues** Can influence potential employees or customers **Your Toolkit to Become Futureproof** Hone irreplicable **technical and soft skills** Still expected to learn and understand routine tasks Use of professional judgment is still required ** Digital Literacy** ○ Digital tools, spreadsheets, coding, etc. ○ Analyzing data leads to insights that can help a company improve their operations to better serve the needs of its customers ** Entrepreneurial Abilities** ○ **Entrepreneurial:** To problem solve, take risks, be creative, and manage uncertainty ○ **Intrapreneurship:** Being entrepreneurial within a corporate setting Help the company grow by using its existing resources and reputation to evolve processes and launch new products ** Social Intelligence** ○ The awareness of the skills and knowledge needed to effectively collaborate with others and understand yourself **○ Emotional Quotient (or Emotional Intelligence)** Strength of soft skills, development of greater self-awareness, self-control, and the ability to empathize and see a variety of perspectives