Managing the Aging Workforce Challenges and Solutions

ISBN-10: 389578284X

ISBN-13: 9783895782848

Edition: 2006

List price: $60.00
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Description:

Managing the Aging Workforce is one of the crucial topics for many of the world's enterprises. The increasing average age of populations does not only affect social systems, countries and communities, but also has a strong impact on the work of businesses and companies. The decline in demographic fitness will not only hit countries like the U.S., the Western European countries, or Japan, but also the upcoming societies in China or in the Eastern European counties. In many of these countries, during three or four decades the average age will grow from about 40 years not to about 50 years. In a lot of companies, this may result in an increase of the workforce's age of between 5 and 10 years in only one decade. Therefore, a number of challenges arise that have to be overcome fast and continuously. The main topics in this field will be new strategies in leadership, new concepts in health management, new ways in knowledge management and learning, as well as new models how to drive ideas for diversity and innovation. On the one hand, enterprises will have to invest in their aging employees for supporting their talents, helping them to learn and keeping them in the company. On the other, they will have to increase productivity, keep on searching for new products, and integrate experts from abroad. This has to be combined with new ways of strategies and HR management.This book presents an analysis of the present and upcoming situation, and an introduction into the strategic concepts enterprises will need to survive in aging societies.This book provides an important range of new approaches to reduce the impacts of knowledge loss caused by an aging workforce. the solution steps are outlined in a clear style that will enable managers to take action today."_ David DeLong, AgeLab, Massachusetts Institute of Technology"The rapidly aging global workforce is regarded as one of the most significant business and social trends for the next several decades. This book is an important milestone in dealing with the managerial challenge of this trend."_ Lorrie Foster, The Conference Board"In the era of the demographic shift, this book makes an important contribution to the retention of organizational knowledge and learning in an integrated and practical way."_ Martine Haas, Cornell University"This ground-braking book will assist leaders, managers and employees to jointly created innovative and sustainable solutions to the critical workforce aging phenomenon, and to eventually achieve demographic fitness of their enterprises."_ Klaus J. Jacobs, Chairman, Adecco International"Historical beliefs about aging have left managers ill-prepared to lead an aging workforce. By confronting the issues thoughtfully, this book will assist managers confronting this new workplace challenge."_ Barbara Lawrence, University of California, Los Angeles"The aging workforce trends and he loss of key knowledge can seriously erode the 'deep smarts' of organizations; this book offers practical suggestions on how best to handle these challenges."_ Dorothy Leonard, Harvard Business School"Marius Leibold and Sven Voelpel have done an excellent job in explaining the phenomenon and proposing the 5V framework to manage the aging workforce. I am confident that this book will gain wide scholarly attention and contribute significantly to the literature on this issue."_ Ikujiro Nonaka, Hitotsubashi University, University of California at Berkeley"Managers should read this book and apply its advice urgently and wisely."_ Heinrich von Pierer, Chairman of the Supervisory Board, Siemens AGThis important book goes beyond a mere review of the critical problems of managing our aging workforces. It gives us an excellent new strategic framework that opens up new thinking and practice."_ JC Spender, Leeds University Business SchoolThis book is the best I have seen so far on this complex sot of issues._ Maurizio Zollo, INSEAD
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Book details

List price: $60.00
Copyright year: 2006
Publisher: John Wiley & Sons, Incorporated
Publication date: 12/15/2006
Binding: Hardcover
Pages: 240
Size: 5.75" wide x 9.00" long x 0.75" tall
Weight: 1.188
Language: English

MARIUS LEIBOLD is Professor in Strategic International Management at Stellenbosch University (SU), South Africa, and also Professor in Strategic Management at Business School Netherlands International. He holds visiting positions at North American and European universities, and is a director of the WISE research program at International University of Bremen. His research focus is on business models for global competitiveness, disruptive innovation, and strategic values.GILBERT J.B.PROBST is Professor in Organizational Behavior and Management at the University of Geneva, Switzerland, where he also directs the MBA program. Prior to Geneva, he taught as a visiting faculty member at the Wharton School in Philadelphia. He received his Ph.D. from the University of St.Gallen. He is founder and chairman of the Geneva Knowledge Forum, comprising 20 multinationals, and co-author of Managing Knowledge (published by Wiley). He also serves as a board member of major companies and training institutions.MICHAEL GIBBERT is Assistant Professor in Strategic Management at the Institute for Economics and Management, Bocconi University, Italy. His previous positions were at Ludwig Maximilians University in Munich, Stellenbosch University (visiting faculty member) and INSEAD, France (research associate). His reseach focus is on learning networks, competitive strategy and generalizability in strategy research.

Introduction
The Challenge Ahead
Critical Challenges of the Aging Workforce for Enterprise Sustainability and Survival
How Demographic Trends will Impact Economies, Industries and Enterprises
Managerial Objectives
Company Objectives to Increase the Value (V) of the Aging Workforce for an Enterprise
The 5V-Framework to Increase both Productivity and Creativity of the Aging Workforce
The Five Value-Adding Fields
The First V-Field: Mindset Change Approaches for the Aging Workforce
The Second V-Field: Knowledge Management (KM) Approaches for the Aging Workforce
The Third V-Field: Health Management Approaches for the Aging Workforce
The Fourth V-Field: Work Environment Approaches for the Aging Workforce
The Fifth V-Field: Human Resources Management (HRM) Approaches for Managing the Aging Workforce
Putting It All Together
The 5V-Scorecard for Measuring the Performance of an Aging Workforce
Glossary of Major Terms
Notes
Index
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