Demographic factors have a huge effect on management planning. Factors such as social control, race, ethnicity, culture, educational level, social status, prejudice, and discrimination if successfully executed by management can yield great results. However, if unsuccessfully executed, these factors can cause great downfall. Countless companies have been both successful and unsuccessful in management planning in relation to demographics.
The companies that will be discussed are Wal-Mart, Walt Disney World, Publix Supermarket, and Omnicom Group. In addition, each company practices will be thoroughly compared and contrasted to certain demographic factors. To those unfamiliar with the relationship between demographics and management, it could be perceived as an insignificant issue. It is amazing how much this relationship affects everyday living not only for the employees of those companies but also for everyone in the community. For example, one could ask what relation could there possibly be between politics and management planning. The answer is simple; politics and management planning stimulate each other.
Among many responsibilities, politicians are also responsible for creating labor laws and compensation regulations. However, it is essential for lawmakers to work with company management to ensure proper, lawful, and effective regulation. Companies sometimes also benefit from close relationships to lawmakers when receiving tax breaks for contributions such as giving back to the community. This relationship is only one example of demographics and management planning at its best.
Key Course ConceptsThe research compiled within this body of work, as it relates to socio-economic factors, demographics, and planning has shown underlying consequences when left unaddressed. Creating a multicultural working environment is a task riddled with land mines as companies seek to mirror the changing society and national culture. People use culture actively to determine what to do and how to do it (Kottak & Kozaitis, 2003, p. 35). The resulting conflict from...