Here’s an interesting video about global competition and information technology that has been making the rounds recently. If you haven’t seen it, take a look. It’s about six minutes long. It’s a good "conversation starter" even though it is open to criticism for making some simplistic predictions. http://www.youtube.com/watch?v=pMcfrLYDm2U
Here are some messages I took away from "Shift Happens":
There are a lot of smart people in the world which increases the global talent pool and leads to increasing competition.
Information technology (IT) makes it possible to gather and use tremendous amounts of information.
Students will be "career changers," and after graduation from MCC or a four year college will work in several occupations some of which have yet to be defined.
These observations have significant implications for how and what we teach.
Fortunately, here in the United States and more specifically in Rochester, IT and global resources are being effectively deployed and managed by many organizations. Let me share some recent information:
The United States is one of the most productive countries in the world. A recent report by the International Labor Organization (Key Issues in the Labor Market, 5th ed., 2007) reveals the output per worker in the US was almost $64K compared to a global average of almost $20K. The second most productive country was Ireland with $56K per worker, almost 15% less. Some of our productivity advantage can be attributed to US labor putting in longer hours. But some of the gain can surely be attributed to effective deployment of information technology: Indeed, an earlier ILO conference noted that "research almost incontrovertibly shows that the considerable US investments in computers and information technology in the past two decades have now started to pay off in terms of US productivity increases."
Rochester businesses are also effective users of IT. It is well known that Kodak and Xerox rely heavily on IT to develop innovative products and manage their supply chains. But several smaller Rochester companies also use information technology effectively. For example, Constellation Brands is the world’s largest producer of wine. The July 23, 2007 issue of Supply Excellence looks at its use of web technologies to manage their supplier base. Also, Sutherland Global Services is a leading Business Process Outsourcing provider with more than 17,000 employees worldwide. In February 2007 Global Services ranked it second on a list of 100 Best Performing Managed Services Providers.
My goal as a professor is to prepare you to prosper in the fast-changing and competitive global business environment described in the video "Shift Happens".
Posted by Dawn on Friday, December 14, 2007
from the dept.