Indecision and various changes are the main causes of this hindrance, and when respondents to this survey were asked to identify the greatest barrier concerning their business, 54% said one of two things – “uncertainty in the financial markets and in the economy overall” or “political and regulatory uncertainty in key countries or markets.”
Other important difficulties in the workplaces were changes in customer demographics, as well as changes in the abilities and skills of talented workers. Also among this list, is ongoing technological modernization and the new introductions of “disruptive technologies”. This indicates that overall, these results show that business executives need to face a major obstacle in that this uncertainty pervades all the various of a business.
Though the answers of the respondents varied in terms of the specific factors that would hinder a business’s growth, there was widespread agreement on how to tackle their main difficulty. About 91% of respondents checked off that stronger analytical and business intelligence ability is an area that would increase their preparedness to address major challenges. As well, some other important areas that respondents checked off are organizational culture that is more change-friendly, as well as a more vigorous IT infrastructure.
ANALYSIS
The trend in this article is the societal changes in the workplace. This is because this article states that although it is necessary for workers to be well-trained and educated, it is equally important for these workers to be able to correctly and accurately analyze the way a business runs, and be able to draw conclusions for the future using this knowledge.
The effect that this trend has on the lives of Canadians is that although this study was taken among Americans, many American corporations have offices throughout Canada. So, if the American offices require the ability for workers to appropriately and
Accurately, it is likely that the Canadian offices, which are run the same way, will have this need as well. This will affect the job market because now, not only must an applicant be appropriately skilled and trained, they must have the character that is needed to analyze the data of a business.
As well, since not everyone has these analyzing skills that are required for many jobs, but cannot be acquired with an education, there will turn out to be more job opportunities than job seekers. This may have a positive effect on the job market in the future, since there will be people to supply for this job demand, increasing corporate productivity, etc.
