Thursday, October 20, 2022

Building The Next Gen Digital Era Military

The world is changing quickly and new technologies are coming out at such a pace that superiority in one arena won't guarantee superiority 10 years down the road in that or any other arena. Innovation and change is a partnership between industry, government/military and the populace. There are concerns that the U.S. military would struggle fighting wars on multiple front and some changes are needed to expand our capacity. To solve a large rooted problem like this we must innovate across multiple sectors to fully enhance our capacities.

Let us take a look at decline in military problem by reading Heritage Foundations review entitled, 2023 Index of U.S. Military Strength. The Marine Corps is doing great but the other branches are not so great . I'm not surprised by the higher ranking of the Marine Corps because as a highly trained force they are in high demand in an increasingly dangerous world.  In the Marine Corps, a failure to adapt could mean death and loss (Improvise, Adapt, and Overcome! creates an amazingly adaptable force.)

Likewise, we also find that military recruitment pools are dwindling thereby leaving the military struggling to fulfill its manning requirements. Deficiencies in manpower will require some type of readjustment in other resource pools to fill the void (Not to mention the need to tackle obesity and health on a national level. Resist the simple carb urge!). Of course one could consider robotics/wearable tech, partnerships/alliances, stronger service coverage, etc. (Be creative and think of other ways that might improve capacity.)

Either way change is necessary and that will include technology and new tactics that come from that technology. So we should really be thinking about what the military will look like in the Digital/Information Era and how to put the right resources in the right places. New ideas, new thoughts, new ways of doing things are coming........because we have few options but to be open to new lines of development.

(Oh....and by the way......I believe transactional clusters can help in speeding innovation in multiple industries at once. i.e. the Delta County Model. You may want to see this economic digital age theory in process of being rewritten for clarity. HERE.)


Wednesday, October 19, 2022

Federal Loan Debt Relief: The Web Link and Discussion on Value of Higher Ed.

Business benefits
from a skilled labor force
and new ideas.
The Brown Hotel
The Federal Student Loan Forgiveness is now open and you can apply to have part of your student loans forgiven (Apply HERE). There has been some controversy over this loan forgiveness program based on total cost, funding approaches and whether or not it is the best use of public resources. Different people from different sides of the political perspective will give you different answers. Some love the idea and some pull their hair out. 

These are my thoughts for my own personal understanding.....

What I can say is we do need as much skilled and creative labor as we can generate in this country if we hope to pull ahead in our slowly shrinking economic lead (Another point supporting economic clusters and rapid innovation systems that put the right resources, skills/people, and investments in a networked place where they can quickly adapt.). Improving human capital means higher education must be at the top of its game while governments and industry will need to find ways to maximize that academic and creative capital. 

In other words, we will want to put to good use our college graduates if we want to maximize the cost of higher education as a method of societal return (That doesn't take away from the arguments of other improvements we can make in higher education. There are always ways to improve every system but it may only be one problem in a situation that requires multiple solutions.). Likewise, since we are working older and longer, and as the digital economy develops, we will rely less on manual labor as a primary source of revenue (Think of wearable robotics where skill is more important than pure muscle as an economic input. Another example, if I near retirement age and am working remotely, or for contract, I may decide to work part time but stay involved in my field.) 

That is not a discussion on the specific costs of higher education, form, curriculum, design, etc. but more on education being an important input into the development of an innovative nation (There are probably some numbers out there that can shed light on the value of higher education and its return rate. Those numbers are likely to be somewhat limited because there are wider benefits and costs that don't lend themselves easily to current benchmarks. i.e. like does person with a higher education commit less crimes, more happy, help/hurt the environment, less/more medical costs, lives longer, has a higher/lower carbon footprint, knowledge semination, invent more things, produces more value, etc.).

Anyway, you get my point that metrics are only slices of the whole phenomenon and sometimes miss a significant portion of soft economic value. We should adjust our metrics from time to time to keep us from being blinded to the full picture (Most are users of metrics and some are creators of them. Metrics should continuously be improving their reflectiveness of actual events.).....

Depending on which economic philosophy one adheres there are going to be a couple of ways to tackle the higher education funding problem. Some will say government should pay for education (free, subsidized, loan forgiveness, etc.) and some will say the free market should handle it (corporate individuals, families, non profits, etc.).

I'm an advocate of free market solutions as long as those free market solutions are providing opportunities for everyone. In other words, they are free from manipulation (i.e. the dying off of small business and slowing of American development could be an indication its not completely free from manipulation and somewhere in our policies/politics we will need to make an adjustment. Higher innovation happens when small businesses are continuously developing to either innovate existing larger MNCs through acquisition or grow into companies themselves through investment in bringing new products and services to market. We must not forget what small business does for improving wealth opportunities on a grass roots level. Something we might need more than ever as a nation that will now show it can run to keep up its top spot! 🤷) We want to maintain the value of opportunity to encourage people to be the best they can be and rise from the bottom to the top to create circulation in government, business, and social positions so as to widen the adaptive lens.

The point is that free markets offer solutions because when the market functions in balance in naturally seeks to solve problems through developing new products services based on competitive need (fair competition). With the right policies we often don't need to make corrections in hindsight like student loan forgiveness. It costs the government little to nothing if it creates the right business environment that fosters start ups and small business to generate new wealth. Where or how we fund the education is a matter of politics and needs. What I can say is that when its truly a free market, the need for knowledge/skill will rise and the value of higher education will become more important. (In other words, it will be a self-correcting system that creates balance.

A balanced economic system is preferred to an unbalanced one where the various sectors of an economy are not growing together. To me its always better to go back and fix the roots of a problem (i.e. free market ) so as to not need to make economic "corrections" in an effort to try and rebalance the opportunity pendulum (Profit and opportunity will consistently be behind unless you fix the free market system to get ahead of the problem so that different opportunities are being created at different economic stratums of society. Perhaps there are some legal or policy changes that can adjust the entire chain that creates a market environment that provides more natural incentives for people to start businesses and regenerate their neighborhoods. It is a little more of a free market, capitalist type approach based in natural human needs that gives value to organic local development.)

No matter if we fund or don't fund higher education through "correction programs" we will still need to ensure education raises the value of our human capital in a way that has tangible benefits for the broadest beneficiaries of society. Those beneficiaries range from business development to individuals seeking to take advantage of the Digital Era (Society is at it its most stable point when opportunities are abundant and able to be taken up by those who have the desire to improve their lot in life. It is the best path all around. Unstable societies are marked by disparity in life, subjective laws, lack of opportunity, impermeable social hierarchies, mismanagement/corruption, and unnecessary culture degradation/segregation.

You may be interested in a study on the value of higher education to spurring economic growth. Using UNESCO data of 15,000 universities from 1,500 regions across 78 countries between 1950 to 2010 and found that a 10% increase in universities per capita leads to a .4% increase in future GDP from that region (Valero & Reenen, 2019). In theory, I suppose if one were do do this with student debt, degrees per capita, universities per capita, it might be possible to find a fuller picture of impact of education on the economy (I can only say I don't know because I never went through and looked at the many different sources to compare them to come up with an answer based upon the best information we have available today to find the ranges.)

In summary, higher education provides greater growth and opportunity for business, the economy, and people. The dollar figure of that growth and opportunity is a deep economic question with experts likely to provide numbers all over the map (There will be significant variability among economists assuming they are not copying from each other by using the same exact metrics and methods. Changing around metrics changes around the economic picture.) In other words, its not an argument on the value of higher education itself but the economical ideology of funding that value. 

Valero, A. & Reenen, J. (2019). The economic impact of universities: Evidence from across the globe.
Economics of Education Review, 68, 53-67 Retrieved 10-18-22 from https://www.sciencedirect.com/science/article/pii/S0272775718300414

Sunday, October 16, 2022

Michigan Is Top State for Political Ad Spending: Money Doesn't Buy Character!!

“Worthless people live only to eat
and drink; people of worth eat
and drink only to live.”
                        – Socrates 
(If you think Halloween is scary just
watch politics! The only crystal ball
you insight you get into others is
their character.)
Michigan is an important state not only geographically but politically and economically. It is part of the economic redevelopment of the U.S. in advanced manufacturing, pushing the green energy change, and climate change with protection, education and economic development of the Great Lakes. It is also a place where politics will be very important because it may influence the direction of national politics (Let us just watch what happens with some of our politicians and potential future candidates on a national level.)

At present Democrats are outspending Republicans in Michigan legislative races: $22.6 million vs. $6.6. (There are a few reasons why that is happening and I suspect they have something to do with marketing/messaging methods, candidates, and focus on important topics. Sometimes we discuss things that are party important but are not AS important as other issues to the general public. That is something to keep in mind if you ever go into politics and want to understand alignment of messaging around shared needs. Its not party specific but more of a general brand issue.)

(Sorry I have to put a plug in about energy. I'm for green development and creation of a more robust energy grid that is safer and can use multiple forms of energy; whether green or not. With the events as they relate to cut oil production we should be able to fill declines in supply with other sources. Even better if its only temporary. Thus, oil, green, nuclear, dispersed solar, etc. can all be helpful when they are needed but we should move relatively quickly to green as much as possible. Likewise, redundancy within the energy system is also helpful with local and regional sources of energy.)

You will want to read this article....Michigan is top in the nation for ad spending in state legislature races

(If your from the Upper Peninsula of Michigan you can see your district on Final District and Map.  I think we are in Senate District 38 and I didn't see increased advertising in the report.

Here is some advice I can give on political parties and voting. I'm a light right Republican and have seen lots of great ideas (and bad ones) come from both sides. I lean Republican because of my essential conservative values and that doesn't often resonate with the subjectivity of the far far Right or far far Left. So my advice is to pick the candidate you believe will do the best job regardless of party. It is the person you believe deep down will choose the will of the people and the betterment of their state/nation over their own career or political flattery (You don't know a person until they are faced with only bad choices and they will have to lose to do the right thing. Integrity is something we should expect from those in leadership positions.) You will know by watching them, staying focused on their core message, and the natural/real language they provide. Mostly you will know them by their ability to be wrong and be ok with that because that is an integrity issue and also leads to better long-term decision making. Over confident, self involved, and hyper social create problems for everyone else around them and they shouldn't have influence over our institutions and resources  (Its a general statement about responsibility and duty) We are designed to understand these things from the context of the information, the root assumptions of candidates logic, para/body language, and the general context of their beliefs. Think about selecting people who will support our national objectives even if they are not popular with others. You can dump money into ads but you can't build character (The same thing can be said about leadership skills.)

Saturday, October 15, 2022

Standing for Democracy and Standing Against Hometown Hate: Law, Democracy and Freedom!

Democracy was built from the many sacrifices given as a gift by one generation to the next spanning all the way back to the moment the first pilgrims cautiously stepped off of the boat into a new land with half starved outstretched hands. They were driven by their desire to practice their religion freely without persecution and sailed to the furthest corner of earth (1620)!  Freedom of religion was so important to our national founding that we built one of the world's largest free nations from shared understandings of the rights endowed to all man (mankind).

Let us fast forward a four hundred years to modern times (2022) where we are now very far removed from the initial struggles of surviving in the wilderness with nothing more than hope for a brighter future (Maybe we could have added a hatchet as a necessary tool back then.). While it seems so long ago the problems of the past are fused into our national heartbeat as they were codified in the Constitution as central to our moral conscious and cultural assumptions.  

In today's world, we have much more complex social structures but are still plagued by the same simple forces our founders faced as it relates to freedom and suppression. Americans are those that believe in that freedom, take oaths to protect it and act to uphold those essential freedoms against all odds (This American definition is something we should remember. Who is an American by a deeper value system and those who claim "American" simply by superficial attributes and false/partial symbolism.). 

Our nation is based on our deep fundamental human urges rooted into our very biological existence and the symbolism we use to create value systems that draws us into indivisible collective people with liberty and justice for all. Our democracy is a projection of our inner biological urges to exist and strive on our own merits (i.e. life, liberty and pursuit of happiness). We built different institutions to help in administering these freedoms for the benefit of our nation and peoples. The very laws created were designed to protect those central values through official uses of power. 

Thus law is an extension of collective shared values and in an ideal world they would be applied with that in mind. At least in theory! (Its philosophical in nature but most societies are human projections and most societies share similarities and thus root back to some basic human needs. Countries shift and change because of alignment or misalignment with those needs. Most of the time, it is a natural process from generation to generation as older ideas that solved older problems fade away and are replaced by new movements with new ideas from younger people focused on newer problems. Many of these problems are patterned and come back throughout a nation's life course and if it breaks a cycle the nation runs risks of collapse or becoming something else because that value system is no longer one of the central anchors of shared consciousness.)

It is important to remember that how freedom and democracy functions in our hometowns in realized application of our inner national values. Our observed behaviors on a local level give an indication to the sickness or health of our democracy.  Lived experience and higher principle should be in alignment for maximum realized American spirit. If there is a disconnect between what we say during public facing political-academic discussions versus how Americans/"Americans" (depending on how you define American) experience freedom on a daily private basis we have value dissonance that must be brought into harmony (Its important to walk the talk on freedom and democracy).

A free pass for hate is not really free! It only highlights the differences between what we talk about on top of the organization but may not be optimally functioning on a local/granular level where it impacts real people (Theory and applied. Theory takes educational abstraction and applied takes hands on experienceThis is also why I advocate for circulation of people to the highest social and financial in a capitalistic society to ensure proper ventilation of the top. The best and brightest should be able to rise to fulfill that role through pushing society to change. That won't happen if nepotism is the path that gets people opportunities ) The more different and "outsider" one appears to those doing the "judging" (i.e. throwing stones), the more the person appears as less worthy of rights (Some will believe in our principles and some just say what is socially expected of them. Have you watched politics? I suspect most are trying to do the right thing but not everyone is going to have high standards.).

What I'm saying here is a leading theory of explanation as to what appears to be the downing of three local institutions associated with exploitable of hate and bigotry. I suspect there is alternate theories from those who started the problem but it would be hard to rule out the wider motivations. Yet I would think that the aggression alone cannot be justified because someone was forced to install a boundary when kids were intentionally involved/harmed or one having the "wrong color" kids and certainly doesn't provide justification for lack of fair treatment and possible wink and nod to ethnic intimidation (I believe there is an important point to be made. Race, religion and personal gain doesn't justify serious aggression, intimidation or violence unless you have devalued the lives of the targets and find something exploitable such as race and religion to rally other. Keep in mind that many members of this group were very concerned about where my kids came from and have a history of treating others as "better than thou". They came to me and told me the reason why my family was being targeted were because we were Muslim {They know nothing about religion and don't even practice religion themselves}. They also did this with undercover officers standing near {First let me say that these officers are actually awesome officers but they were unaware the the manipulative depth others will go for gain. I understood what was happening in real time and am generally not inclined to quickly react.} It still makes me scratch my head. As experienced as I am in understanding hate I cannot say I have ever seen such quickness in moving a large amount of people from heuristic/quick judgement to acting on the behalf of hate.  I spent time with Muslims, Jews, Blacks, and lots of others and I never seen such entitlement and lack of mental independence. I'm not sure one of them can say me and my kids ever did anything to them but someone commands them and they get aggressive. 🤷 Its Steven King creepy! 

Accountability doesn't necessarily mean jail time but there must be opportunities for improvement. While the goal of this group was in many ways to cause as much harm as possible they dipped into physical intimidation and corruption (Group aggression, calling names, picking fights, official guidance), lost economic opportunities (Discrimination by a local university who thought I was qualified for an adjunct job, not being able to receive certain local services, etc.), defamation of character (trying to damage and devalue the lives of the subject to encourage others to attack them), damaging/targeting/manipulating kids (Intentionally involving, targeting with undercover stops, and lying to kids), police targeting (parking outside of home, following home, illegal investigation), embezzlement/fraud (the financial incentives of launching hate) corruption (Free pass for hate groups) and public mocking. 

None of that really matters if we don't really care about the integrity and health of our democracy and/or we made a decision that democracy is only for certain people (Their behaviors were shocking and hinted at some extremism among their members). Someone made a judgement call that these people over here have more rights to show aggression to minorities (We are all actual minorities and that will become more apparent. I'm using the term minority because people understand what it means.) than those people over there simply by superficial and what appears to be inherently biased criteria. Perhaps we feel that such democracies are for some and not for others. My suggestion since the beginning hasn't changed because it seems very reasonable to me, keeps people out of jail (They own it they go but I tried my best to derail them from their aggressive choices. Personally, I would like them to take the right steps and improve themselves and get the help they need) and corrects the wrong while putting future behaviors on notice. 

It is important to keep in mind that a free pass can embolden such hate to rear its head because the messages are mixed (i.e. if you are this low value based on racial and religious reasons hate is given a free pass, protected, and swept under the carpet creating context for future cleansing.). Many of these behaviors seemed to have been learned during prior immunities and social bullying incidents (If you would have saw the coordination and smirks on their face you would have understood how "normalized" these behaviors have become.). Even if they no longer focus on these particular topics the learning lesson is that this group has the capacity to thwart that which is sacred in our country and can do so again if they desire because the local system is either frightened or unable to uphold the Constitution (Maybe there is a lot more I don't understand and I'm open to that possibility.  What I do understand is is not worthy of a free pass and is grotesque and shameful in nature.). That is a longer term existential risk not only to the community but anyone not seen as a "local". I suspect the risks go up exponentially as superficial differences rises. It begins to look like a closed system skewed to the benefit internal members (Very very narrow definition of stakeholders. The one minority that could have done a lot of good for the community was intentionally rejected for qualified positions and ostracized for the bad behaviors of others. It is what it is! I believe some of those opportunities will continue forward but I would give a warning to local officials who feel that this group can't do any wrong and allow them to target any newcomers, minorities, investors, business owners, etc.. They showed they didn't need much of an excuse. No one can tell the future but open societies with lots of potential can be a draw with the right investment sparks. That comes through universalization and inclusion. ).

Here are a few ideas that I think would help, keep peoples records clear if possible, and make it difficult to repeat. It restores law and order around key national values. (Notice they are relatively unchanged since a few years ago when it started because the factors and roots of the problem haven't changed. The more we justify inappropriate behaviors with logical chains {Actually there is always a root misassumption in hate but its hard to show that to people unless you unpack all their ideas and false logic) that default back to the protection of certain groups, the more we water down our values)

1. Initial perpetrators have mental health screaming and follow up. Helps to ensure the hate doesn't have a deeper psychological problem and ensures they are no longer a risk to the community or targets. 

2.) Investigate community complaints. Multiple community complaints against the same group members that have not been investigating. Some of which are serious and show patterns. 

3.) Checks and balances to ensure close association and friendship with such groups doesn't deform local just through hate based rhetoric and misperception of American values. 

4.) The college that is rejecting candidates based on social, racial, and religious concerns should have a review of their hiring practices, investigation the incident and put in place new policies. (Anyone need any emails to the HR department and President of the University making them aware of the incident let me know. If you have a legit reason I will share them. Its not about embarrassing people but fixing a broken system.)

5. Change the culture of the sporting community that has come to support and encourage aggression, bullying and hate. That may need to start in the elementary levels and ensure these parents/coaches are not teaching inappropriate sporting values. 

6. Training and development for officers that were not involved but were in a place to stand up and report inappropriate behavior of other officers in other departments (That should also include training on how to report hate crimes to FBI)

7.) An audit of the incentives of hate. Sometimes there are incentives beyond just race and religion. There is financial issues and mental health issues. 

Do I believe people will do the right thing? Yes and no. The people in the community have been supportive and showing they don't stand with hate. They also know the antics of this group and their leadership but have social connections to them that make it difficult to say "no" like I did to protect my children.  What I can say is that the initial group members are unlikely to see themselves as doing any wrong (the targets are just so worthy of hate!). Furthermore, there are multiple systems at play but at the end of the day the local system must be brought in alignment with national/international law. 

Considering that minorities often get the short end of the justice stick I would say my chance of having the right thing come out that would lead to a win-win situation is somewhere around 58% Yes to 42% No. That is the struggle Americans face every day passing the torch from one generation to the next. I have more responsibilities to my community and country than I do to any good old boy network no matter what their are racial, religious or political leanings. It would be easier and safer to say nothing like many may have done  before. Just saying! 💁Patriotism is not always rewarded in a free society but it is necessary to keep the system thriving.

Me my plans are to be positive, polite, engaging, help my community, open to reconciliation and be visible and go where I want to go. I have no problem walking into the center of this group and saying "Hi" and being open to a change of heart. What I will not do is sugar coat what happened in favor of silence. Forgiveness is great but as long as the risk is maintained I will not forget. I think that is the right thing to do. Problem resolution, empathy and iron in silk enforcement while not ignoring this groups potential (The sad thing is that most people in the group are really good people but they have toxic members that can intentionally manipulate and use them as flying monkeys. How do we help people, recognize he wrong, and fix it for the future without ruining peoples futures? Not so easy to do but I think what I have here is a good start for solving problems in our American family.)

Let us see what doors open and what doors close. 

Friday, October 14, 2022

IMF Fears Global Economic Slow Down (October 14th, 2022)

IMF, 2022
The IMF released its October 12th, 2022 World Economic Outlook that highlights risks the global economy faces from inflationary pressure and its impact on people's lives. It looks like we have economic shifting going on as we transition to longer term post COVID policy implementation (Also notice how advanced nations and other nations are fairing. As our economy digitizes it will have increases in transactions and creative capital that will encourage greater growth. The digital economy brings forward great benefits but also a risk of greater disparities.). 

From the IMF's executive summary we discover.....

Global inflation is forecast to be 8.8 percent in 2022, decline to 6.5 in 2023 and 4.1 percent by 2024. We have lots of things going on that includes war in Ukraine, fiscal-monetary policy changes, energy issues (oil restriction), food crises that is mixed up with inflation. That is a lot of market volatility that impacts confidence through increased unknown risks.

Monetary stability and proper fiscal policy seem to be part of the solutions. It is expected nations will pull back on many fiscal supports and actively engage in fighting inflation but such contractions might taint ill the global economy. Economic shocks can be even a bigger issue for the poor and vulnerable that don't have access to financial cushions.

You may also want to read a solid analysis in the World Economic Forum Recession warning from the IMF: What you need to know about the global economy this week

Tuesday, October 11, 2022

'Made in America' Gets Manufacturing Legs With Employment Growth

One of the challenges we face as a nation is to bring back manufacturing in a way that puts the nation at the best possible position to take advantage of the emerging Digital Era. That era is a technology platform shift that will change the way in which we interact with each other, the services we use, the devices we use, and the fundamentals of business. Some countries will move into that Digital Era as advanced manufacturing societies that balance between hard products and virtual products and others will find a place on the supply chain.

One key component to advanced societies are the creative skill of workers. An industry hiring more workers at higher wages, when compared to alternative employment, is a win for Made in America, for worker prosperity, and for governments that will benefit from that tax revenue. The advanced society should find a path to perpetual sustainable development where economic opportunities renew. 

On a macro scale when we want to innovate and invent as a people new products/serviced in the U.S. through our creative capital (i.e. STEM), encourage strong international investment mechanisms in that growth (i.e. pack investing, clusters, tax policy), to produce the highest market value products (i.e. emerging products, technology, and services). 

Upward Manufacturing Trend

Some data indicate the U.S. manufacturing sector is on an upward trend with more hiring and investment in people (The goal should be to help people get into these higher technology manufacturing jobs because they produce significant economic value. Being at the center of a global supply chain means that advanced manufacturing and skilled labor come together to create the highest increase in product value.). Notice the stats below and pay attention to the table to get a sense of positive trends (There is lots of mixed data but an upward trend). I believe you can also get a sense of more of the supplies are coming from shorter supply chains (i.e. increasing local wealth.)

Here are some of the statistics I looked at: durable goods +22 and the type of products produced, fabricated metal product +6.3, wood products +2.2, Mining and logging 3 (because I'm from the U.P. you have to explore the category descriptions to see if it actually related to anything we produce up here. i.e. furniture, snowshoes, etc.), Machinery -1.7, Computer and electronic products .4, Electrical equipment and appliances 3, Transportation equipment(cars) 8.4, and Construction 19. (You can read a really good article by Bill Koenig Senior Editor SME Media HERE.)

You can gain some specific information  in the updated October 7th, 2022 BLS release Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail

Manufacturing as Opportunity: 

American labor is at its best when its creative improves products, produces a high value product or service, and has updated technology skills that allows for modern tools. High paying jobs should attract a diverse set of employees. It is one of those sectors that will spend a lot in training people and give reasonably high pay (in relative terms) for people starting out. 

If you were a person who want to find a stable job and use that as a base to go to college, start a business, or just pay bills this would be one sector in which you can do that. They often take people at one level and put them through training programs and certifications improving your economic value as an individual and the overall skills available for the organization.

You can gain some interesting information in Manufacturing Opens More Doors to Women
  • Women make up 47% of the American workforce but only 30% worked in manufacturing.
  • 1/4 management positions are held by women.
  • Women earned on average 16% more than the national median annual income when compared to other employed women

 

Wednesday, October 5, 2022

Knowledge Transfers from College to Business: Applying and Innovating

Inspiration
"Docks by Day"
When new college graduates first enter into the working world they are enthusiastic about opportunities to display those skills to achieve their life' goals. Everything is new and everything is exciting! With all of their enthusiasm recent college graduates may struggle with understanding how their skills apply to their jobs and how to maximize the value of that new knowledge.

It makes sense for businesses to be excited about taking those new skills and registering them to corporate improvement. Once one successfully transfers from college into their work roles the value of skills and knowledge can be realized more fully. It is up to business to maximize updated skills for organizational learning and innovation.

The higher the degree obtainment, in general the higher the knowledge transfer. Typically advanced degrees come with the possibility of entry into lower level manager or executive positions. For those graduates already employed, an advanced degree often means faster promotability. The relationship is not one for one but telling of the importance of education in the market.

I found an interesting article that may have some appeal if your wondering how to transfer new knowledge successfully into the workplace. Continuous learning is about taking new knowledge and applying it for industry improvement. The utility of using new skills within a wider theoretical understanding (specific and broad knowledge).

How Can You Apply What You Learn in School in the Workplace?

Beyond applied skills we often find universities knowledge contributes to innovative growth through discoveries and community engagement. Businesses are capitalizing on applied knowledge and theoretical/scientific knowledge in ways that improve organizational functioning. The benefits of knowledge becomes more apparent when the resources are put within the right environment (i.e. clustering).

You can gain more information in The Innovative Impact of U.S. Universities