we will compare and contrast employment opportunities in the free enterprise system with other world...
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We will compare and contrast employment opportunities in the free enterprise system with other world economic systems
We will identify five new directions that are shaping the world of work
Career Decisions Objectivesfor October 19th, 2010
We live in a country that operates as a free enterprise system
This an economy in which individuals and businesses play a major role in making decisions
People can operate any type of business they choose, provided it is lawful
Free Enterprise System
The following are reasons that the U.S. economy is based on the free enterprise system:
1. People are free to be creative and choose where they work
2. People are free to own private property and buy whatever they want
3. The government allows people to buy or sell whatever they wish, so long as it doesn’t harm others
4. Consumer wants and needs determine what products are desired in the marketplace
5. Businesses can compete against each other to make money
Economic Freedom
Freedom to own property and freely buy and sell goods began with the founding fathers
The free enterprise system is an outgrowth of their spirit of independence
Economic Freedom
In countries where the government controls the production of goods, it also controls their price and distribution
Under such a system, people must follow the government’s dictates regarding how to work and live
Economic Freedom
The U.S. workplace is continually changing
The question no longer is: Will change occur? Instead, it is: How will change occur?
One thing you can count on in today’s exciting workplace is change, and you will be a part of it
New Direction for the Workplace
1. A Global Perspective
2. The Service and Information Economy
3. The Commitment to Quality
4. A Teamwork Approach
5. Family First
The Five New Directions that are Shaping the World of Work
Today, search for costumers goes beyond our border to every part of the world
Instant communications through phones, faxes, and computers makes this possible
A Global Perspective
Customers are just one factor of the new global perspective
The other is labor Companies
constantly look to other nations for labor services
A Global Perspective
The global economy has caused a major shift in the U.S. workforce
Is reduced the need for unskilled labor
Instead, skilled, well-educated U.S. workers are needed plan develop, and deliver the products and services of tomorrow
A Global Perspective
The decline in manufacturing has paved the way for a new economy based on services and information
Services are nonmaterial assistance for which people are willing to pay
This sector of the economy has grown very rapidly in recent years
It will remain the area of greatest job growth for the near future
The Service and Information Economy
Another focus on today’s economy is information
The computer and the Internet are American inventions
These are the tools of the information economy
What we learn with these tools helps us to create new services, improved business methods, and lower costs
The Service and Information Economy
The pursuit of quality is an all-out effort by employers to be the very best in their field
A company’s goal is to grow and become more successful
In the workplace, quality means doing the job quickly and accurately the first time
The Commitment to Quality
Building quality into a product or service requires constant attention to the way work is done
You will be expected to watch for ways to do your job better and you will be asked to suggest ideas for improving quality
The Commitment to Quality
In the old days, a supervisor made all the decisions and the workers followed the orders
Today’s workplace used a team approach where everyone works jointly to seek solutions to problems
This makes working well with others essential
A Teamwork Approach
Programs in the workplace today help workers handle the demands of work and family responsibilities
Men and Women use these programs
Family First
Family friendly programs may include:◦ On-site child care◦ Adoption assistance◦ On-site dry cleaners
or food stores with ready-to-serve food to take home
◦ Vacation options
Family First
Several important trends indicate new directions for the workplace
Businesses today operate in a global economy They search the world for customers as well as
affordable labor Product and service quality is continually examined
to make sure it meets customer expectations Teamwork is the primary way that work is
accomplished Family-friendly programs are helping to lessen the
challenge of balancing work and family responsibilities
Summary
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