"The world economy has entered a new epoch of transformational change. The future cannot be predicted and it is not predetermined. Everywhere people are now challenged to invent the future they prefer, or be content to continually respond to those who do." – Mike Fitzgerald, President & CEO, SEBP
Global Competitiveness
In order to compete globally, a business needs to participate globally and act locally in addition to paying attention to several critical factors listed below.
Respect for and sensitive adherence to the local community.
Attract and retain talented people.
Continuous improvement of products and services.
Innovation and increased productivity.
Customer-client satisfaction, brand loyalty.
Market penetration, diversification and growth.
Healthy profits ongoing.
Commitment to continuous change and improvement to sustain success.
21st Century Global Business Sectors
The business sectors that are creating new wealth, good paying jobs, new investment, economic growth and economic diversification in the global economy include:
Aerospace/Civil Aviation
Astronomy/Astro-Physics
Biology
Human/Environmental/Industrial
Building Materials
Child and Elder Care
Computers & Software
Design Industries
Education & Training
Entertainment
Environmental Technology
Food Production
Financial Services
Health Care and Wellness
Housing & Commercial
Construction
Information Technology/Digital Media
Infrastructure Projects Construction
Marine Industries
New Materials
Photonics
Recycling and Environmental Clean Up
Industries
Renewable Energy
Robotics
Semiconductors
Simulation Industries
Tourism
Eco/Adventure/Historical/Cultural
International Trade Services
Transportation Systems Design & Development and Operations
In The Global Economy Cities’, States’, Nations’ and Regions’
Economic Goals are Similar:
Create high skills, high wage jobs and retain, start and attract productive & creative businesses.
Build knowledge & technology based economies.
Expand new wealth & tax revenues.
Minimize negative environmental impacts.
Target development initiatives to assist rural, inner cities and low-income populations.
Export of "traded sector" products and services to create diversified markets.
Critical Factors for Retaining, Expanding, Creating and Attracting Globally Competitive Businesses in the "New Economy:”
Create high quality communities and environments.
Achieve sustainable balance - economic prosperity - social equity.
Lynn, thank you for taking time to be with us at both the presentation and lunch. Your presence was invaluable and gave me great comfort because of your consummate professionalism.