h"p://zhaolearning.com Preparing Global Entrepreneurs in the Digital Age Engineering vs. Liberal Arts: Who’s Right—Bill or Steve? By Vivek Wadhwa: New York Times March 21, 2011 What knowledge is of most worth? --Herbert Spencer, 1859 The diligent (self-righteous) gardener Betting on the future? Individual differences Multiple intelligences Employable Cultural diversity Schooling skills Curiosity, passion, creativity The future? The stone age did not end because they ran out of stones Death of Distance 1492: about 3 months 2009: about 13 hours 1858: 17 hours Glory to God in the highest; on earth, peace and good will toward men. 2009: less than 1 minute 1927: $65 (about $1,000) 3 minute phone call 2009: about $0.02 Expanded primary living space Today, Indian engineers make $7,500 a year against $45,000 for an American engineer with the same qualificaons. If we succeed in matching the very high levels of mastery of mathemacs and science of these Indian engineers — an enormous challenge for this country — why would the world’s employers pay us more than they have to pay the Indians to do their work? They would be willing to do that only if we could offer something that the Chinese and Indians, and others, cannot. --New Commission on the Skills of the American Workforce (2007). Tough Choices or Tough Times College TuiKon and Fees 25000 20000 15000 10000 5000 0 China India US PUBLIC (in-state) US Public (Out of Australia (Resident) Australia State) (internaonal) Annual tuition and fees in US Dollars Technology We shape our buildings; thereafter they shape us. ----Winston Churchill 6/5/11 IBM RE HD TV Swanni's Annual 'Best & Worst' HDTV List 1. Teri Hatcher 1. Jessica Alba 2. Demi Moore 2. Eva Longoria 3. Donald Trump 3. Anna Kournikova 4. Heather Locklear 4. Ben Affleck 5. David Letterman 5. Ashton Kutcher 6. George W. Bush 6. Marcia Cross 7. Ray Liotta 7. Halle Berry 8. Sandra Bullock 8. Jessica Simpson 9. Bill Clinton 9. Nicole Kidman 10. Clint Eastwood 10. Angelina Jolie http://www.tvpredictions.com/fall2005hd092605.html Over 10 million jobs lost due to automation in last 10 years Today skills, no matter how complex, that can be exported through outsourcing or offshoring are vulnerable. Even some highly skilled jobs that can be outsourced, such as reading radiographs, may be in danger of having stable or declining demand. Skills for which a computer program can substitute are also in danger. ---Claudia Goldin and Lawrence Katz, 2009 No company loves us enough to stay forever.. • 40-50 years, average life expectancy of Fortune 500 companies • 12.5 years, average life expectancy of all firms • 3,000,000 jobs lost annually by exisKng US companies • 50% increase in labor force in developing countries by 2050 • Sources: • h"p://www.businessweek.com/chapter/degeus.htm • h"p://www.kauffman.org/ • h"p://www.economist.com/node/18227144 Three assumpKons Jobs The zero-sum game assumption Jobs The one-sport Olympics assumption The no-mobility assumption Historical growth in diversity of occupations Daniel H. Pink (2005). A Whole New Mind: Moving from the Informaon Age to the Conceptual Age. New York: Penguin. Informaon Age: L-Directed Thinking – SequenKal Asia – Literal – FuncKonal Automation – Textual Abundance – AnalyKc Conceptual Age: R-Directed Thinking Can someone overseas do it cheaper? – Simultaneous Can a computer do it faster? – Metaphorical Is what I am offering in demand in an age of abundance? – AestheKc – Contextual – SyntheKc EssenKal ApKtudes in the Conceptual Age • Design • Story • Symphony • Empathy • Play • Meaning What Maers? Diversity of talents Creativity Entrepreneurship Passion Invent a job, not find a job: Students as Global Entrepreneurs Employees Entrepreneurs Managers Global Entrepreneurship Confidence Friends Risk-taking Passion Unique ideas Motivation Innovation Global Competence Global Perspective Cultural Intelligence New Hope Suhas Gopinath Bright B. Simons: mPedigree Virtual marriage & 2nd Life: Socializing virtually Anshe Chung has become the first online personality to achieve a net worth exceeding one million US dollars from profits entirely earned inside a virtual world. --Business Week, May, 2006 What correlates with business growth? • The Bohemian index • The MelKng pot index • The Gay index Capitalize on Strengths: The Strengths Movement Your Child's Strengths, Discover Them, Develop Them, Use Them, by jenifer Fox, M-Ed. (Viking, 2008) h"p://www.strengthsmovement.com/ Teach Global Competences • Culture Intelligence (CQ) – Skills – Atudes – PerspecKves – Values/idenKty • Knowledge of the Globe – Global economics – Global problems – Interdependence • Languages and cultures h"p://zhaolearning.com .