Final answer:
The statement about organizations facing three main challenges: globalization, increasing workforce diversity, and emerging employment relationships, is true.
Step-by-step explanation:
The statement that three challenges organizations are facing are globalization, increasing workforce diversity, and emerging employment relationships is true. Globalization has led to an increase in competition as companies are no longer only competing with local and regional firms but with organizations from all over the world. This intensifying competition can impede a company’s ability to maintain market share and profitability.
Another significant effect of globalization is the shift from manufacturing to service industries, and the tendency for large corporations to outsource labor to countries with cheaper workforce and lax environmental regulations. These corporate strategies result in the loss of domestic jobs, leading to increased unemployment rates in developed countries. Structural unemployment becomes an issue when the jobs that are moved overseas are not replaced by new opportunities.
The workplace demographics are also changing rapidly due to globalization and technological advancements. Organizations are increasingly relying on diverse work teams, as opposed to having individual-based structures, to respond swiftly to these changes. Work teams amalgamate diverse skills, experiences, and expertise, but they do not always guarantee enhanced productivity. As the workforce becomes more diverse, the need to effectively manage and integrate varied backgrounds becomes more pronounced.
Lastly, emerging employment relationships due to the rise of temporary, part-time, and freelance work - commonly referred to as gig economy - pose new challenges. Traditional employment relations are being replaced by more fluid arrangements, which necessitates a reevaluation of labor laws, employee benefits, and organizational structures to accommodate these non-traditional work patterns.
The complexities of globalization, workforce diversity, and the changing nature of employment relationships continue to shape the landscape of organizational management, making it essential for businesses to adapt quickly to remain competitive and support their workforce adequately.