***First, Whitman is part of the 21st century! If you have a social media account follow Whitman to keep up to date with articles and the happenings of the school. For example the online MBA program has recently partnered with U2, Inc. The new and improved program is called MBA@Syracuse!
Now let’s talk about Detroit.
I have deep roots in Detroit and the surrounding areas. I grew up listening to stories about the automobile and manufacturing industries, when the city was growing and had a much larger population. I would love for it to become a great city once again but in reality times have changed and cities (along with companies) must adapt to the times.
Detroit’s vacant streets and rundown houses are ingrained in my head. With today’s technology the bird’s eye view photographs put the issue on a silver platter for all to see. Once thriving cities expanded and have left a doughnut hole of dilapidated structures.
So how does this deal with companies?
I’m no expert on how a company can stay successful but Whitman has taught me about research and development and online articles have really increased my knowledge about the business word. In simple words: try not to follow Detroit’s path. For starters, bankruptcy and vacancy should be avoided.
Companies go through the same stages as a city. The initial growth process, finding key employees and task teams. Then the expansion process occurs when the groundwork is laid out and everything seems to be going well. The next step, the decline is the path that Detroit fell onto. But companies which adapt with changing times and stay ahead of the curve will learn how to thrive. Remember SHR 247? I took it this past semester so it is fresh in my mind, but SWOT: strengths, weaknesses, opportunities, and threats seems like a key tool in a company’s success.
What am I trying to say here?
- There are a lot of examples to learn from.
- Take advantage of and keep up with your surroundings.
- What we learn at Whitman is applicable to the real world.