Business & Industry

China Set to Take Top Manufacturing Spot

U.S.-based manufacturers will account for 16.9 percent of global value-added factory output for the whole of 2008, with China close behind with 15 percent. By 2009, however, the positions will be reversed with China occupying the top position in global manufacturing for the first time for nearly 170 years, according to a new report. When China entered the World Trade Organization in 2001, its...

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Business & Industry

Are Goods Ideas Bad for Business?

Innovation and creative thinking are highly valued in many work environments, but concentration is still king. In fact, some researchers suggest that breakthroughs can actually hinder the problem-solving process. Some thinkers are able to approach dilemmas from a non-traditional route. They look at seemingly unrelated aspects of a problem and bridge multiple gaps to reach a solution....

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Business & Industry

Professional Development Key to Job Satisfaction

Insufficient training practices and goals often lead to inefficient work environments. Employers feel their employees lack skills while employees become de-motivated and frustrated in their jobs. There's a very apparent disconnect between employers and employees when it comes to training, concludes the Society of Human Resource Management (SHRM) and WSJ.com/Careers report, Critical Skills Needs...

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Business & Industry

Why Mentoring Matters

Recognizing the personal and organizational benefits associated with the knowledge shared between mentors and mentees, more organizations might consider fostering mentoring relationships. Retaining top talent and promising newcomers is becoming increasingly complicated. Upon leaving, a routine complaint from talented workers is that management failed to invest time in helping them grow and...

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Business & Industry

Attracting Talent Among Top Procurement Challenges

Attracting and retaining talent in the procurement space is among the top concerns for companies already dealing with today's complex pricing pressures, a new report concludes. In today's complex global economy, the procurement function must now respond to a number of difficult issues, in no small part compounded by the recent economic turmoil and the changing dynamics of the global supply chain....

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Business & Industry

New Attention on a WWII Training Method

Although the Training Within Industry method was mostly abandoned in North America after World War II, it is currently gaining newfound attention among proponents of lean. By the end of World War II, about 1.75 million workers had received certification in Training Within Industry (TWI). The method, which gives vital skills to front-line supervisors, was originally created to provide quick...

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Business & Industry

Has Engineering Education Failed?

Here we look at the concerns regarding the number and quality of engineering students heading into the workforce, from the perspective of the student, the professor and even the IMT reader. A lot has been said in recent years about the suspected lack of engineering graduates nationally. Long-term data on the United States workforce show a trend toward increasing numbers of educated workers in...

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Business & Industry

Managing Future Leaders

As leaders exit the workforce, companies can prepare for a more secure future through strategic onboarding programs and succession planning of skilled workers. Over the next five years, half of America's Fortune 500 companies' senior management will retire, according to a 2006 survey by the Economist (subscription required). At the recent Impact 2008: The Business of Talent conference, business...

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Business & Industry

Crucibles of Leadership: How to Learn from Experience to Become a Great Leader

In Crucibles of Leadership, Robert J. Thomas discusses the approach of such organizations as Toyota, GE, Boeing and MIT - as well as the Hells Angels and the Boston Celtics - to address how leaders learn to grow through often unplanned crucible events that challenge their identity. FROM THE PUBLISHER Experience may be a leader's best teacher - but there's a hitch. Two people can have identical...

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Business & Industry

Strengthening the Weakest Link

No matter the industry, underachievers are detrimental to team success. Managers must address lags in productivity as soon as they happen to ensure all parts of the team are effective. Lionesses are renowned hunters. They capture prey through teamwork where each lioness generally has a specific role in the hunt. If the group does not work together effectively or an individual lioness does not...

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