Business & Industry

The State of Aerospace

A surging civil aircraft market boosted the aerospace industry last year, taking sales to another record level, according to recent industry analysis. Meanwhile, experts address preparing the next generation of the aerospace workforce. And does recent acquisition activity point to a new phase of consolidation in the industry? The aerospace industry was boosted in 2006 by a surging civil aircraft...

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Business & Industry

Rude Realities of Innovation (These are Not Rules)

When it comes to the innovation process, there may not be steadfast rules. There are, however, lessons to be learned from experience. Here we look at entrepreneur and inventor Dean Kamen's "rude realizations and somewhat serious suggestions" for innovation. These aren't instructions, he said, as unexpected differences that work are what make innovations interesting. Over the past year or so, one...

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Business & Industry

In Your Own Words: Introducing ThomasNet Forums

"Online community" is a phrase we are hearing more and more these days. This in mind, ThomasNet.com has opened ThomasNet Forums, an online environment for industry professionals to connect, network and share information and opinions. We encourage you to engage with your peers in this new venue — where your voice will be heard. In 2007, the challenge may be about creating segmented and...

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Business & Industry

Don't Trust Your Boss? Join the Club

A new report says that nearly half of employees don't trust senior management. It gets worse. Employees are not simply losing confidence in their senior managers — many workers think their front-line supervisors are flat-out callous liars stealing credit for anything good that happens. Ouch. With a brand new year comes the start of the season that many employees and their managers dread:...

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Business & Industry

Forge Your Global Supply Chain

Global supply chain excellence is more than just an emerging skill. For most companies, it will be a key determinant of overall company success — even survival. In 2007's global trade environment, a number of potential issues loom that can disrupt global supply chains, sourcing strategies and the flow of working capital. An increasing number of companies cite supply chain initiatives and...

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Business & Industry

Making Globalization Work

Nobel Prize winner and former World Bank chief economist Joseph E. Stiglitz's overall objection is not to globalization itself, but to how globalization is managed. Drawing equally from his academic expertise and his time spent on the ground in dozens of countries around the world, Stiglitz's "Making Globalization Work" identifies six existing indications that globalization has yet to live up to...

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Business & Industry

Immigrants Become Founding Fathers

Foreign-born entrepreneurs were behind one in four U.S. technology and engineering startups over the last decade, according to a new study on the effects of globalization on the U.S. economy. The findings offer new information into the debate over foreign workers and specialty visas. Before 1882, anyone could move to the United States. As the population grew, however, the federal government...

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Business & Industry

The Big Picture: India, China and U.S. Trade

Rising global trade numbers reflect changes at home and abroad, simultaneously highlighting the growing international importance of developing countries. As countries' economic prospects shift their roles in global trade, relationships between nations continue to evolve. Meanwhile, the WTO and trade policies such as NAFTA and CAFTA matter even more. By 2030, the global Gross Domestic Product...

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Business & Industry

Staking Claim in a Globalized World

The signs are clear. The U.S. may still play a large part in the global economic boom, but strong economic demand and investment in Asia and elsewhere also play an ever-increasing role. What we can learn from recent years, especially last year, is that the pace of global competition is unrelenting, producing both real benefits and immense challenges. It's a touchy topic for manufacturers and...

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