MGT302: Contemporary Issues - Annotated Bibliography on Demographics

This annotated bibliography explores contemporary issues related to demographic change and its impact on businesses. It examines the challenges and opportunities presented by shifting demographics, including labor scarcity, technological development, and economic growth, drawing on research from various countries, including Serbia and Nigeria. The bibliography analyzes the effects of demographic factors on small and medium-sized enterprises (SMEs), highlighting the need for strategic adaptations in human resource management and business strategies. The included articles discuss the connection between technology and demographics, unemployment, and the importance of understanding workforce skills and competencies in a changing environment. The study emphasizes the significance of adapting to demographic shifts to ensure business sustainability and success. This assignment provides insights into how businesses can navigate demographic challenges and leverage opportunities for growth and innovation.

Running head: CONTEMPORARY ISSUES IN DEMOGRAPHIC CHANGE
CONTEMPORARY ISSUES IN DEMOGRAPHIC CHANGE
Name of the student
Name of the University
Author notes

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CONTEMPORARY ISSUES IN DEMOGRAPHIC CHANGE
Leick, B. (2019). Steering through tough times? Insights into strategic change processes
of small firms in the context of demographic challenges. International Journal of
Globalisation and Small Business, 10(2), 163-186.
This article is effective to understand the impact of the demographic changes in the
context of small sized business. Small sized business industries can include several types of
business ventures, one of these ventures are the small and local grocery stores. Demographic
change issues can have a complex impact on these enterprises.
The first thing that can affect the enterprises are the demographic changes in a place
and workforce. Labour scarcity can be seen in the business if the shift happens from young to
aged labour demographic changes. These problems can influence the work structure of such
grocery stores that are mainly depended on the local working labours. They would have to
change their strategies to survive the demographic changes. Again, changes in demographic
factors can also denote environmental and preference changes in the markets.
The article can prove helpful to give the SMEs about the strategic changes that they
can incorporate in their human resource management and other aspects of the business. He
article covers important aspects like impact of demographic challenges in labour forces,
functions, market environments and suggests adaptive models for the SMEs. Therefore, the
small sized ventures like local grocery stores can take a clue from it and manage the problems
of demographic challenges.
Pantić, M., Živanović Miljković, J., & Gajić, A. (2019). Demographic Change as
Opportunity or Constraint for Technological Development and Economic Growth in
Cities of Serbia. In International Scientific Conference: e-Future of Cities, 24-24 October
2019, Belgrade, Serbia (pp. 391-404). Belgrade: Academy of Engineering Sciences of
Serbia.

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CONTEMPORARY ISSUES IN DEMOGRAPHIC CHANGE
International organisations like Microsoft are facing some challenges in the markets
like Serbia because of the demographic change the country is experiencing. There is a direct
connection between the technology and demography of a place. Microsoft is facing problems
in finding right kind of employees in its development centre in Serbia.
Technology is advancing and the organisations are heading towards an organisational
culture that caters technology as the most important part of any business. The skills of the
employees depends on the demographic condition of country. The age group, education level,
family conditions all contribute to the technological competence that the employees can
achieve.
The major issue that the article covers is the connection between technology and
demographics. Special case of Serbia has been considered here. The data provided in this
study shows that how the demographic changes in the urban areas of Serbia has impacted the
economy and technological contexts of the place and people.
Adekola, P. O., ALLEN, A. A., Olawole-Isaac, A., Akanbi, M. A., & ADEWUMI, O.
(2016). Unemployment in Nigeria; A Challenge of Demographic Change?. International
Journal of Scientific Research in Multidisciplinary Studies ISROSET, 2(5), 1-9.
Unemployment is a big issue in certain countries and the organisations that are
established in these countries can still experience lack of labour forces. The main reason is
that they can get less competent employees for their ventures. This context is highlighted in
this study.
The organisations that want to start or expand their business in the countries like
Nigeria have to get the idea of the employees and their educational competencies. The paper
reveals what kind of demographic challenge the organisations could face in countries like

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CONTEMPORARY ISSUES IN DEMOGRAPHIC CHANGE
Nigeria. Demographic changes are not the only reason for unemployment of this regions.
Hence, the lack of skill set, efficiency and education also influences the availability of jobs.
This paper would be relevant for the companies that have started their ventures in
these countries and would search for the workforce. The unemployment and lack of skills can
create the scarcity of labours and affect the business objectives.

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CONTEMPORARY ISSUES IN DEMOGRAPHIC CHANGE
References
Adekola, P. O., ALLEN, A. A., Olawole-Isaac, A., Akanbi, M. A., & ADEWUMI, O. (2016).
Unemployment in Nigeria; A Challenge of Demographic Change?. International
Journal of Scientific Research in Multidisciplinary Studies ISROSET, 2(5), 1-9.
Leick, B. (2019). Steering through tough times? Insights into strategic change processes of
small firms in the context of demographic challenges. International Journal of
Globalisation and Small Business, 10(2), 163-186.
Pantić, M., Živanović Miljković, J., & Gajić, A. (2019). Demographic Change as Opportunity
or Constraint for Technological Development and Economic Growth in Cities of
Serbia. In International Scientific Conference: e-Future of Cities, 24-24 October
2019, Belgrade, Serbia (pp. 391-404). Belgrade: Academy of Engineering Sciences of
Serbia.