Thursday, February 16, 2006

Senior Workers Article

The article “seniors at a senor level” talks about how many seniors citizens are continuously working even thought they are over the normal retirement age of 65. Barney’s four questions about assessing a firms strength can be used to see if having workers over the age of 65 is beneficial, I will use Dana Cable as an example

The question of value: Because of the vast experience he has I think Cable is considered to be an important resources because he can aid it in grasping new opportunities and avoid threats.
The question of rareness: Currently there are not many people over 65 who are continuing to work, but it’s becoming a trend
The question of limitability: I think it will be very difficult for a firm to force their best employees who are 65 to continue working since most of them will want to retire.
The question of organization: I think firms with such senior workers will benefit from them because they are experienced and know how to and probably are exploiting the firms resources, otherwise I don’t think they will stay in a company that’s failing.

In my opinion firms with such senior workers might have a sustained competitive advantage in there personnel departments this is because such workers are valuable (due to their experiences and knowledge), rare (since many workers retire after 65), and difficult to imitate (this is in the sense that a company cannot force a worker to continue working for a firm even if that person if successful and experienced).

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