In the 21st century managers have to understand the economic landscape in a much bigger dimension because the Global Economy ignores territorial borders, it has its own dynamic, its own logic. It can't be stopped and affects everything - companies, politicians and most of all common citizens.
Conventional economic theories have lost their validity in many areas. New definitions are necessary to depict the complexity of the world economy.
We have to learn to live with the Global Economy because our personal and professional success will depend on developing a new world view, creating a new relationship with the outside world and see it as a chance not as a danger.
Europe |
Germany |
2010-05-22 Ifo Business Climate Germany
Results of the Ifo Business Survey for May 2010
The Ifo Business Climate for industry and trade in Germany remains at nearly the previous-month value. Both components of the indicator, the assessments of the business situation and the business expectations, show little movement in comparison to April. The firms are just as satisfied with their current business situation as they were in the previous month. Their business outlook has been appraised as minimally less favourable than in April. The economic recovery in Germany is robust.
In manufacturing the business climate has improved further. The business situation of the manufacturing firms is again more favourable than in the previous month. With regard to business developments in the coming six months, the firms are even more optimistic. In terms of foreign business, they again expect a more robust revival than previously. The firms plan only very isolated reductions in personnel. The business climate in retailing and in wholesaling has clouded over somewhat. In both distribution sectors the survey participants are no longer as satisfied with their current business situation as they were in April. However, with regard to the six-month business outlook, the retailers are slightly less critical, whereas wholesalers are no longer as confident regarding future business as they were in the previous month. In construction the business climate index has fallen again. Both the current business situation as well as the business outlook for the coming six months have been assessed as less favourable than in April by the surveyed contractors.
Hans-Werner Sinn President of the Ifo Institute for Economic Research at the University of Munich
One of the most important concepts you will ever encounter in the job-hunting process is that of transferable job skills. But - what are transferable skills?
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Database with international job exchanges
There is a worldwide database with job pools here in the club - sortable by sectors, countries or continents.
Moving into an era of the globalisation of the skilled labour market
With a labour shortage looming, cities worldwide would compete for skilled and talented people. Countries such as China, which had stemmed its birthrate through the one child policy, were heading for a shortage of labour within a decade. But it's not just Asia, also Germany, Italy, the Netherlands - even the UK will face a shortage.
Generation Y - those born from 1976-1991 - would be particularly targeted by overseas companies and we are moving into an international war for talent - hand to hand combat on a city by city basis to recruit, retain and attract the best talent at a generation Y level. The aspirational, talented generation Y will naturally flow towards these centres.
(Bernard Salt, a partner in accounting firm KPMG at the Asia Pacific Cities Summit in Brisbane, August 2007)
The Future of Work
Source: Robert Thomas, executive director, Accenture Institute for High Performance
The Future of Work
Global abundance but local scarcity of talent
Fewer young workers and more older workers
Rising demand for new skills with growing deficits in basic skills
More diverse workforces and more distributed workforces
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