July 09, 2008
Eastern Michigan University College of Business | Marvin Shaouni
Blog

Post No. 1

Posted By: Lou Glazer, 1/18/2007
How to revive our economy is Topic A. When you look at the places across the country with the strongest economies the answer is clear: talent!

What most distinguishes economically successful areas from Michigan is their concentrations of talent, with talent defined as a combination of knowledge, creativity and entrepreneurship. Quite simply, in a knowledge-driven and entrepreneurial economy, the places with the greatest concentrations of talent win.

If you want to grow a high prosperity economy here, the priority is to prepare, retain and attract talent. Nothing else is close.

As we assess the assets Michigan has to concentrate talent, our higher education system rises to the top of the list. That is particularly true of our major research universities. So the most important thing business, civic and political leadership can do for the future economic success of Michigan and its regions is to ensure the long-term success of a vibrant and agile higher education system.
Comments:
Wednesday, December 05, 2007 8:40 PM by Ryan
I agree with your assessment to a degree. I feel a part of the problem in Michigan is that people do feel they need “higher education” in order to be talented and successful.

A part of me believes that some people are born with talent. A few years ago I worked for a Japanese automotive supplier. I invented and designed a new system for testing coil springs.

See
http://v3.espacenet.com/origdoc?DB=EPODOC&IDX=WO2005026685&F=0&QPN=WO2005026685

I didn’t have any engineering background, or even complete a college degree. People with Masters Degrees and PHD’s underestimated me. Many of the successes in my life were self-learned, and are a result of my drive and ambition to prove some people wrong.

I guess what I’m trying to say is that higher education can be a huge help to an individual (or a group of people), but in my experience, it doesn’t always equate to increased creativity, talent or innovation. Sometimes practical experience outweighs book learning. However, when you don’t have either, that’s when a State like Michigan can get into trouble.
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