09202018Thu
Last updateWed, 19 Sep 2018 3pm

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Preparing for the Recovery

An innovative idea is traditionally said to involve “thinking outside the box.” But not for Vijay Govindarajan, a professor of international business at the Tuck School of Business at Dartmouth College and an expert on innovation and strategy. That’s because one of Dr. Govindarajan’s favorite metaphors for strategy involves three boxes—and he encourages managers to think about what goes on inside all three of them.

 

Source: Wall Street Journal

 

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U.S. Manufacturing Survey Sees 2010 Hiring Rebound

A new report based on a survey of small- to mid-sized U.S. manufacturers has found that 44 percent of the companies plan to begin hiring workers again as soon as next year if the economy rebounds as they expect.

 

But first, according to the report from RSM McGladrey, the manufacturing sector, which has lost 1.6 million jobs since the recession began, needs to put 2009 behind it.

 

Source: Reuters

 

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U.S. Factory Production Falls; Capacity at Record Low

Industrial production in the U.S. fell in May for the 16th time in the last 17 months, reflecting declines in consumer goods and business equipment that signals the manufacturing slump remains broad-based.

 

Output at factories, mines and utilities decreased 1.1 percent last month, in line with forecasts, after falling a revised 0.7 percent in April, Federal Reserve data showed today in Washington. The amount of industrial capacity in use dropped to a record-low 68.3 percent.

 

Source: Bloomberg

 

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GE's Immelt: Get Back to Basics

General Electric CEO Jeff Immelt thinks the country and his company need to get back to basics – with more focus on manufacturing and infrastructure and less on financial services, he said at a conference Monday.

 

The country and companies like his have "outsourced too many things," said Mr. Immelt at a "Wired" magazine conference about disruptive technology in New York on Monday, where he was interviewed on stage by Wired editor Chris Anderson.

 

Source: Wall Street Journal

 

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IMF Raises Forecast for U.S. Economy, Risk of Debt

The International Monetary Fund, which has rescued economies from Pakistan to Iceland in the past year, raised its outlook for the U.S. and called for steps to reduce concern about rising public debt and inflation.

 

The IMF forecasts the world’s largest economy will contract 2.5 percent this year before expanding 0.75 percent in 2010, according to a statement today after an annual staff analysis of the U.S. In the IMF’s World Economic Outlook report released in April, the U.S. was forecast to contract 2.8 percent this year before stalling in 2010.

 

Source: Bloomberg

 

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