Oct 16, 2012 — With only a few weeks remaining until the election, it's still not clear how Mitt Romney would manage our jobs crisis. Romney has promised to use decades of business savvy to create jobs, which raises the question: how do you apply business strategy to a jobs crisis?
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NYT Excerpt: How Would Romney Manage Our Jobs Crisis?
Oct 16, 2012 — With only a few weeks remaining until the election, it's still not clear how Mitt Romney would manage our jobs crisis. Romney has promised to use decades of business savvy to create jobs, which raises the question: how do you apply business strategy to a jobs crisis?In his New York Times Magazine column this week, Adam Davidson poses the question: Do good CEOs make good presidents? Here's an excerpt.
With only a few weeks remaining until the election, it's still not clear how Mitt Romney would manage our jobs crisis. There aren't many lessons from his term as the governor of Massachusetts — the economy was comparatively healthy back then, and the unemployment rate was fairly low. His current economic platform lays out broad principles (Principle No. 1: Don't be Barack Obama) but is light on specifics. All that's certain is that Romney has promised to use decades of business savvy to create jobs, which raises the question: how do you apply business strategy to a jobs crisis? No business views hiring as an objective. When a crisis hits, the response of many executives is to let workers go.
When I put this question to business analysts, several pointed me in the direction of Louisiana, which has applied a number of Romney's principles. Its governor, Bobby Jindal, is a former McKinsey & Company consultant who has focused on making his state more attractive to businesses. ...
Read the full column here.
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