Midwestern Higher Education Compact

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Midwestern Higher Education Compact November
5, 2007
DRIVING THROUGH TURBULENCE
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THERMAGON






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Offshoring






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Manufacturing follows labor price






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Race to the Bottom






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Changing Population












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Is a Changing Workforce






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Less educated workforce in US






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Immigration no longer fills the gap






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Multiple Careers
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Different Career Goals






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Different Ideas of Loyalty






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Different Values






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Different Ideas of Life






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Different Communication Styles






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Talent Wars

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The end of the Industrial Revolution






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The onset of the Innovation Economy






Imagination is more important than
knowledge. --Einstein
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No one is left behind






Individuals Businesses Educators Government
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Diversity feeds Creativity






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Who Succeeds in this World?

• Creativity demands diversity
• Interpreters communication skills are
• a must-have
• Diplomats can negotiate between needs
• Artists new ideas command a premium
• Conductors create harmony from
• difference
• Resilience and flexibility may have more
• value than hard skills

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What Succeeds in this World?

• EQ gt IQ
• Ability to learn gt Knowledge
• Persistent education
• Financial self-determination
• Who you know gt What you know

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Life contributes to Work







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Business builds human capital







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Business builds talent networks







Specialist consultants
Mothers on maternity leave
Fathers on paternity leave
Employees looking after parents

Alumni in other companies
Retirees
Explorers on learning leave
Undergrads still in college
Potential recruits
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Business develops human capital







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Business builds human capital







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Business reaches deep into community






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Education is persistent ubiquitous






Education K 12 Education in college Education
during work Education between work Education in
work
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Vocational and academic blend






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Partnerships Business and schools






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New kinds of business training






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What does that mean for legislators?

• Some precedents
• Ireland
• North of England

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CELTIC TIGER






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North East England






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North East England






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North East England






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All gone by 1990






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North East England






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C.J. Garland






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Competitive Advantage

• Commitment to lifelong learning
• Workforce diversity
• Entrepreneurial DNA

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Entrepreneurs build business






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Women build businesses even faster
2x the average rate of business creation 2x the
average rate of survival Women of color 4x more
likely to survive More companies More
jobs More profits More investment More trained
employees






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Businesses develop people






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margaret_at_mheffernan.com
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What else works Flexibility BT SAS
Institute Corning NUCOR The hours dont see
time as a measurement of commitment BT Working
from home Seek multigenerational experiences
outside work Dont think it is a job for hr Dont
obsess re conformity Be prepared to redesign jobs
to play to strengths job sculpting Build strong
internal networks NUCOR Develop young leaders
deliberately and early
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Margaret _at_ mheffernan.com
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