“It’s the economy, stupid” was a phrase in American politics widely used during Bill Clinton’s successful 1992 presidential campaign against George H. W. Bush. The phrase was intended for internal campaign use to remember the team of the importance of the economy as one of their top-3 campaign speaking points. The other two being change and health care. So we can safely conclude that 18 years later that change is hard and takes time. A lot of time.
Take the time you need for your changes but rest assure that todays global Talent will not wait for you. For Corporations and FDI the future is Talent. Everewhere for everyone – from all Western developed economies to India and China. My recent conversations with global strategy managers and facility planners from DELL, GE, Nokia, RioTinto and Google confirm this picture. They know it is about talent. Their global resource allocation strategy gears towards talent, away from “just” labour and cost arbitrate. What I found intriguing is that GE and Nokia have moved to a strategy to select locations for their global operations where they can establish (lead, dominate) a favourable talent eco-system. They choose to work with FDI-promotion agencies in their long-listing process that understood and actively supported them in this process.
Are you ready to compete for talent – by creating your own global talent supply chain or support your investors with theirs?
Curious to hear from you if you believe that the future of FDI is about something completely different or talent done different. Welcome your point of view.
