impact of changing demographics on management

(b)     Discuss the impact of changing demographics on management?

DEMO-GRAPHICS	Demographics are the characteristics of human population, including such factors as size, distribution, and growth.  Demography means statistical study of life in human communities.
	Demographic aspects are subject to change, it is important for mangers to monitor trends that might offer new opportunities or pose significant threats.
Impact on Management	The external environment of organization within which it functions have major forces outside the organization that have the potential to significantly influence the likely success to achievement of objectives.  In which one is “demographic”.  Demographic trends are often discussed in comparison of different countries.  Multinational companies face the challenge of understanding various demographics differences among countries they may influence competitive success.
	In the following lines the impact of changing demographics on management is detailed:
Change in Growth Rate	Despite an increase of the Pakistan’s growth rate the population grew rapidly.  This increase is not only to the actual birth rate, but also to longer life spans and perhaps more significantly, to immigration.  Most of these legal or illegal immigrants came from Afghanistan, occupied Kashmir, Bangladesh, etc.  Accompanying this trend also a continuing shifting from rural to urban areas.  Many of these immigrants are low income professionals.
	This demographic change in growth rate have placed a heavy financial burden and also declining tax base as compared to population growth in the cities.  This situation causes further problems for managers/ administrators of cities.
Change in Age	By the end of the century, a change in percentage of the population of over age sixty will be shown.  This increase will be due in large part to the aging of the baby boom generation as well as the continued advancement in life saving.
	Due to this change pension funds will be strained as more and more retirees begin drawing on them.
Change in Values and Beliefs	We have seen a rebound in public optimism.  Confidence in the economy, business and public institutions is decreasing and traditional beliefs in democracy, patriotism and leadership remain weak.
	Due to this change in values and beliefs no one interested to take step towards development.  New businesses are in hanging position.