Saturday, December 1, 2007
Business Trend: Going Green,
JPMorgan Global Manufacturing PMI,
Selecting an MBA Program
Business Trend: Going Green
What do Goldman Sachs, Honda and S.C. Johnson have in common? They are three (among many) major corporations “going green”. Goldman Sachs has established climate-change policies for major investments, Honda is the most fuel-efficient automaker in the United States and S.C. Johnson has three generations of leadership committed to environmental responsibility.
Many corporations are taking a proactive approach and asking that they be regulated on greenhouse gas emissions. The corporations feel that it is the only way they can prepare for the rising threat of global warming. The United States Climate Action Partnership (USCAP) is a group of businesses and leading environmental organizations that have united in order to pressure the federal government to enact strong national legislation to require significant reductions of greenhouse gas emissions. The organizations involved in the USCAP range from B.P. America, Inc. to General Motors.
These massive corporations realize that “going green” is not only beneficial to the environment, but there are cost savings in energy reduction efforts. A visit to your local Wal-Mart will reveal some changes already in place. The frozen foods sections contain sensor lighting so that energy is only used when a customer walks down the aisle. DuPont, formerly knows as one of America’s worst polluters, estimates that it saved $3 Billion over nearly twenty years from efforts to reduce carbon emissions.
Naturally, some environmental groups are skeptical of the efforts by major corporations to make an environmental difference. However, that is not deterring the organizations from making large-scale efforts to curb greenhouse gas emissions. The point is this: whether for money savings or environmental impact, “going green” is one of the smartest things a corporation, large or small, can do.
JPMorgan Global Manufacturing PMI
According to the Institute for Supply Management, the JPMorgan Global Manufacturing PMI is, “a composite indicator designed to provide a single-figure snapshot of operating conditions in the global manufacturing sector.” The latest report, released November 2nd, 2007, indicated the weakest growth of global manufacturing output since July of 2003. The Manufacturing PMI fell to 51.9 percent in October from 52.6 percent in September.
The Global Manufacturing Output Index registered at 52.5 percent. This slowed rate of growth was largely due to contractions in output in the United States and Japan. Eurozone (only slight growth out of past twenty-nine months), and UK growth eased and Asia-Pacific (excluding Japan) exhibited growth due primarily to fast production and output in China, Australia and India.
According to a press release by JPMorgan and NTC Economics, the main reason behind the slower growth of manufacturing production was a lessening in the rate of expansion of incoming new orders in October. The New Orders Index registered 52.8-it’s lowest since May 2005.
International trade volumes increased slightly in October, which was apparent in the United States where exporters benefited from the decrease in US dollar value.
Finally, the Global Manufacturing Employment Index was 51.6 percent, from 52.1 percent in September. Jobs were also added in the Eurozone, Japan, China, the UK and India.
Selecting an Executive MBA Program
Deciding to pursue an MBA in today’s busy world can be a daunting task. Deciding which program to choose can be even more challenging. There is a barrage of information and advertisements offering MBA programs. Determining which program is accredited, financially feasible and accessible may seem nearly impossible. For these reasons, many managers and executives opt for an executive MBA, part-time degree and/or executive education.
Executive MBA programs are generally offered on weekends for senior managers. Mid-level managers typically choose a part-time MBA in a nights and weekend format. And, executive education is considered non-degree coursework available to both executive and mid-level managers.
US News & World Report, Business Week, Wall Street Journal, Forbes, and the Financial Times
all offer guides to selecting an MBA program, which can be found online. If you are fortunate enough to live near one of these programs or are able to utilize their online programs (if available), congratulations. If not, here is a guide to help you select the MBA program that is right for you:
Ensure that the program is accredited. This could be the most important factor in choosing an MBA program. A program must be certified regionally (by one of six regional agencies). The Association to Advance Collegiate Schools of Business must also certify the program professionally. If the program is an online program, The Distance Education and Training Council must also certify it.
Compare the curriculum. Does the program’s executive and/or part-time MBA program curriculum match the full time program’s curriculum?
Tuition. Is the school affordable? Does your company offer a tuition reimbursement program? If so, what percentage does it cover? Will your income allow for payment of the excess amount? Visit the financial/student services department at the school to determine your eligibility for financial assistance/school loans.
Where are the Graduates? Have they progressed in their careers? Did they receive promotions, pay increases or move to a larger organization with more responsibility? The career placement office should have this information available.
Consider class schedule. Will you be able to meet all of your other commitments and extracurricular activities while attending the program? Is it flexible enough to accommodate family needs? All of these things must be considered to be successful in any MBA program.
Reputation. What sort of reputation does the program have? Word of mouth can sometimes be the best judge of a program.
Faculty. Are the faculty leaders in their fields? Do they have advanced degrees? Have they done research in a specialty field?
All of these factors are critical in determining MBA success. A degree is only worthy of the effort put into it by the student. However, the program selected can also impact what type of MBA the student receives and how it can influence their future career achievements. It is important to consider all options when selecting an MBA program.