• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Part 2: defining a generation > trained to the max

Chapter 9. trained to the max

Gen e trait no. 4: e = educated. More than ever before, education equals money. (It also equals efficiency: a 1995 study by the National Center of the Educational Quality of the Workforce looked at 3,100 US workplaces. The research found that an average 10 per cent increase in the workforce's educational level led to an 8.6 per cent increase in productivity. In contrast, a 10 per cent increase in plant and equipment increased productivity by 3.4 per cent.) Thomas Stewart of Fortune reports that the only group of American men to make gains in their real weekly earnings since 1979 are college graduates, who are now paid an average of 80 per cent more than high school graduates. In the new economy, it pays to have an education. Where once entrepreneurs pooh-poohed a formal business education, gen e are trained to the max. "There was a time when all the smart MBAs went into consulting and investment banking," notes Harvard's William Sahlman. "Now they're becoming entrepreneurs or zipping off to Silicon Valley to join an existing team, where they can turn the cranks and pull the levers that make the new economy thrive."

Virtual Visit

www.insead.fr



PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint