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10/10/16
Economics of the Chemical Enterprise. 2.
Filed under: Interviewing, Position Searching, Mature professionals, Legal matters, Observ. Trends, Alternate Career Paths
Posted by: site admin @ 5:18 pm

Ten years ago R. Jones edited a series of factors
giving rise to the apparent trend involving the 
globalization of chemical enterprise industries.  
We have urged ACS in this blog to report and
follow the Economics in the Chemical
Enterprise 
as the older model (of globalization)
is less valid now as an important concept for
members.  
.

We observed that globalization is less
significant now and plays much less of a strategic
role as superstar companies that use an array of
qualities.  They have distinctive cultures and
traditions that many academic centers are little 
aware of, including seeking and following top 
talent (stretch assignments, accelerator 
experiences, and crucible roles) and keeping their 
focus on a long term vision (by modifying their 
shareholders’ voting rights) and managing finances, 
legislation and financial markets.
.
The Economist reported on recent trends in its
article as a new age of corporatism giving rise to
consolidation to stay on top “hoovering up talent,
buying patents and investing in research.”  We can see
this leading to problems ascribed to concentration of
pay, technology, top execs and vast amounts of
information.
.
In an interesting related piece in Cheeky Scientist Blog
is the five corporate departments that PhDs should know
which are critical to a company’s success.  While most
know “companies have R&D, Marketing and Sales,”
few realize also critical to success are finance, supply
chain and information technology.
.
I suspect these are all new to Chemists and Engineers
and this reveals the need for further education in these
and traditional areas that have further evolved.

One Response to “Economics of the Chemical Enterprise. 2.”

  1. site admin Says:


    The great divergence piece in The Economist describes more of
    the story that supercompanies are rapidly separating away from
    their competition in their fields.

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