The current economic situation creates tremendous uncertainty that affects virtually all firms regardless what you do for a living. Perhaps the simple strategy for making good paying jobs is reducing business taxes, and the government must stop spending money they do not have. This strategy will stimulate everything from job’s creation to people spending money for other things besides sustaining life.
Where I see job growth. The high job growth companies tend to be more mature firms. On average, they are 25 years old. With less than 3% of new companies born in the preceding four-years is a problem we need to overcome (Tozzi, 2011). Unfortunately, economic sustainability and growth depends on a greater number of new firms testing the waters, in my opinion; this number should be in the 6% to 10% range. Having money to innovate and start new companies depends on putting money back into the economy, our government can help by reducing business taxes, and stop spending money they do not have; I know I repeated myself; “it’s an important point.” If this happened firms would stop hoarding money and investing more.
I believe the business sectors that will see growth in any industry where products and services can be sold in two places at the same time, such as internally in the US, or exported outside the US. To encourage fast economic growth, there must be a balance between internal and export consumers. Firms that make products and provide services must define their processes that encourage, smart capabilities and best practices to ensure business success. The focus of the organization’s leaders is to develop new leaders through early involvement of continuous improvement engineering teams. This means that leaders need to define practices that encourage people to learn, share ideas, and achieve their greatest potential.
People in a firm are not tools of management or the firm’s ownership or stockholders. These people represent the success pieces that make a company a living entity. A living breathing entity is vibrant, spontaneous, adaptive, and has no limits. Whatever a living person can think about, a living person can master and drive levels of success that can be duplicated, success that can be duplicated is sustainable success. Equally important is for these firms to develop training programs that internally create career paths that cultivate and grow its own qualified workforce.
My personal thoughts there will always be enough consumers as long as people are breathing. In the US, we are 300 million strong with a thirst, hunger for stuff regardless if we need it or not. Our role in society is to become the catering service to these people by being innovative, and challenging; with the first focus for keeping people breathing, and second focus on satisfying their desires for other stuff, imagine the possibilities.
Consumers +Living People = More Jobs… “Imagine The Possibilities”
Tozzi, J. (2011). Where Job Growth Comes. Bloomberg Businessweek, The New Entrepreneur, October 25, 2011
Inspiration for this Blog entry came from Career College Central | LinkedIn
by AMERICAN WRITER Dr. Pietro Savo Tradition Books Publication © 2011
Manufacturing Research Practitioner ™ by Dr. Pietro Savo
Dr. Pietro Savo E-Mail Link email@example.com