Saturday, February 15, 2020

Aligning Curriculum to Industry Needs for Market Ready Graduates

There is much debate in higher education where we plan to go to ensure our curriculum is meeting marketing growth opportunities. We presented these findings to colleagues in the industry at IACBE. On a national scale if we were to create a way of aligning education to industry needs, while not neglecting the mind broadening purpose of higher education, I think it would improve overall supply of technical and intellectual skills available within the market. Greater pools of talent can better match growth opportunities as companies look for qualified workers.
 

Thursday, February 13, 2020

Rock Climbing for Upper Body Strength

Rock climbing is something I have been getting into lately. There is a goal in my mind  to achieve 5 years down the road.  A mound of stops from A to Z due to the extreme conditions like oxygen depletion and freezing wind that can knock you off of a mountain. In my experience, setting goals is one of the best ways to get in shape. In this case my upper body strength will need to improve for extended periods of exertion. I cannot think of a better sport for muscle building than rock climbing.

From a technique standpoint you can see that this person has experience and skill. He is trying to get as flat as possible against the wall in an effort to limit energy waste and falling. Indoor rock climbing gyms are great places to practice as you start easy and build to higher levels. The video shows the climber getting stuck and unable to reach the next level where he can secure a better grip and leverage.

The amount of body strength needed is amazing. Legs are your primary and your arms are your secondary support. There is almost no way to use only upper body strength for that long of a time. Even when you are experienced the body reaches its limit as seen by his muscle shake. Can't get much of a better body workout than this.

On my list within the next year is Ice Climbing in Munising Michigan. I may need this skill set if I plan on achieving my goal. If you are interested in checking out ice climbing you can read about it HERE. 

Wednesday, February 12, 2020

Program To Connect Veterans to STEM Fields Passes Congress

The “Supporting Veterans in Stem Careers Act” is an attempt to connect veterans to higher paying science oriented careers. STEM stands for Science, Technology, Engineering and Mathematics. You can read more about the history of the bill as it moved through Congress HERE. It is an attempt to provide opportunities for veterans who are trying to obtain jobs with high-paying growth fields (something like 30%) where workers are in shortage but also where future opportunities are likely (At least from current market projections). 

You may also want to read the transcripts. "Business leaders have expressed concern that the STEM skills shortage will impact their ability to develop new technologies and to grow their companies" the report said (U.S. Congress, January 27, 2020). We are trying to transition into a new data technology era and it seems like a positive way to help veterans continue to serve their country in new ways. These are the types of people who have the courage to learn new skills and apply them to national growth through meaningful careers. 
Transcripts of the event Here and the actual Bill Here.


SUPPORTING VETERANS IN STEM CAREERS ACT; Congressional Record Vol. 166, No. 17 (House of Representatives - January 27, 2020). Retrieved https://www.congress.gov/congressional-record/2020/01/27/house-section/article/H550-1

Tuesday, February 11, 2020

Federal Reserve Chairman Jerome Powell Provides Semi-Annual Economic Outlook February 2020

Federal Reserve Chairman Jerome Powell provides a semi-annual report to Congress today highlighting key aspects of the economy (02/11/2019). I didn't have a chance to dig into the meaning of the report but can say that it looks fairly positive from his perspective. There is more needed in improving access to opportunities for people currently struggling to move up the economic ladder. Perhaps some of that improvement will come through a willingness of companies to hire less skilled labor and train them for higher performance. This might improve transition to a high skilled economy while helping people take steps to improve the market value of their labor.


You can read about his report HERE

Federal Reserve. Board of Governors of the Federal Reserve System before the Committee on Financial Services U.S. House of Representatives February 11, 2020. Washington D.C.: Jerome Powell. Retrieved https://financialservices.house.gov/uploadedfiles/hhrg-116-ba00-wstate-powellj-20200211.pdf

Monday, February 10, 2020

Your Personality Based on Your Coffee Type

Thousands of times I walked through offices and never once thought about how the coffee type one drinks says something about their personality. The type of products we pick are often a reflective of our needs and self-image. The video does mention a survey but didn't see a referral to where you can find more information on the study. Next time you see someone making coffee you might think about how their personality is associated with how they like their coffee. 😬

Monday, February 3, 2020

GR Tourism Industry Worried About Future-Discusses Impact of Pure Michigan

More discussion on Pure Michigan and tourism within the state. This video provides a perspective from Grand Rapids.


Friday, January 31, 2020

GM's President Mark Reuss Discusses $2 Billion in Electric Investments

The market is changing and shifting and GM just got on board with global consumer trends in a big way! Self-driving and electric cars are going to change the market in fundamental ways as other types of technologies follow suit. A growing trend over the past few decades increased the demand for renewable energies and cleaner cars. The technology and investment interests seemed to have matched at this time on our path to a more efficient data driven way of existence. This transition may be a good thing for Michigan as investment dollars move into a changing industry. It is an opportunity for the U.S. to draw in more interest and secure Michigan as next generation vehicles. There may well be a much much bigger market than automobiles a decade or so down the road as alternative clean forms of energy hit a very large up coming global middle class.

When large companies like GM invest this much capital into an area, they plan to be there for a while. They are geographically "invested" so to speak and will likely encourage their suppliers to invest as well (a type of pack investing). These suppliers may not have any choice if they want to continue to supply to these large manufacturers. Thus the system engages in a type of butterfly effect of innovation.

Furthermore, under a boon scenario we may find other global manufacturers following suit; albeit a little bit smaller. Who knows? Other large automotive manufacturers may find that the want to compete and so something similar thereby creating synergy. Synergy occurs when companies that are geographically centered compete and collaborate in a way that they enhance each other and make quick innovations in a kind of "race".

If synergy of development can be found growth with explode (in theory) as all of the resources of the system are brought into to match innovative capacity. Resources move, adjust, sift through, and enhance all of the systems through the physical and social intellectual capital of the area. Detroit has the basic infrastructure build off of older manufacturing models and this could lead to a higher local platform if multiple companies invest at once in a big way.

 Industries that use similar technologies also need to access to specialized human capital, networks of similar businesses, and innovative opportunities through shared resources. For many companies, finding places where the right environment exists where they can nestle into existing business networks to increase break-out sustainability is important. Thinking like a system can change the dynamics.

We often think of production as something the company did in isolation. Not so. There success is in relation to all of the elements and networks being ready to accept rapid growth. It is people and their abilities that put these resources and structures together in a way that build powerful companies and at times empires. We are a type of mound building species that constructs just to reach to the stars (Think of the next generation of space shuttles will look like and how commercialization is going to rely on more renewable solar type energies to increase reach. Could Detroit meet that need in 30 years?).

The question investors might want to ask is , "What other electric businesses might use some of the same technologies, infrastructure and skills GM will need?" Perhaps electric motorcycles, bikes, scooters, robots, etc, etc.... Companies conduct their own analysis of their prospects. It is their function to improve shareholder wealth while still contributing to the advancement of society. Matching opportunities and attracting companies that need access to those resources is a great way to bring back manufacturing.

1. Are there other large manufacturing companies that are willing to do something similar to GM? They do need to stay competitive so it is likely others are thinking about further investments.

2. Are there other types of foreign and domestic companies that may find the infrastructure and environment (finance, political, education, etc...) ripe for their manufacturing capitalism?