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I'm currently doing some business with a large GE division headquartered in the US. Normal business communication goes like this:
Help desk - India
Accounts receivable - India
Accounts payable - Mexico
Sales - US
Manufacturing - All over the map
All offshore business units have toll free telephone/fax numbers. None of the US based offices have toll free numbers.
Shipping the accounting department offshore is definitely a step up from losing manufacturing jobs. I must admit their service levels are excellent, far better than most of the domestic companies I deal with.
Anyone pursuing a BS in accounting might want to rethink his/her career path.
This may sound harsh.
A company is in business to make money. If they choose to outsource or move manufacturing overseas, its okay with me.
That company belongs to that person or share holder.
It does not belong to the public.
That person or share holder put up the money for that company.
And it is there butts on the line, not the workers.
This is happening every where.
Senco fasteners, here in Cincinnati, is closing a plant. And moving to china. One plant remains here, but, for how long?
zanny
Zanny, I'm not knocking GE or Senco. I'd do the same thing. Most people who blame companies for their jobs vaporizing generally don't have a clue about business or the responsibilities of people who operate or own companies.
Our standard of living is the problem. We got fat and lazy from too many years of prosperity.
Originally posted by georgedavila . . .
Help desk - India
Accounts receivable - India
Accounts payable - Mexico
. . .
Anyone pursuing a BS in accounting might want to rethink his/her career path.
#1 - All this data going to India and Mexico ~has to~ come back to the US eventually - it is a US headquartered company, right?
#2 - YEA, they need to rethink their career path. So had a whole bunch of displaced workers:
They need to learn to telecommute and/or fix data networks!!
. . just another fork full from behind the barn - FWIW
I know your not knocking any company. If I owned a big company,
I would do the same thing. When your butt is on the line, things are a lot different.
zanny
At the risk of beating a horse already down, I would like to point out that "your butt" doesn't necessarily have to be on the line.
You may have to make a radical shift in your concept of a "conventional job", but I truly believe that those *right now* who begin to shift their thoughts in this area will be the ones that best survive the transition that is indisputably coming.
. . . not wait, the transition that HAS BEGUN.
Try and look at it as an adventure, not a Battan death march.
That's right, there's always opportunity with change. As the old marketing rule states, 'Find a need and fill it'. Unfortunately, for many people change is right up there at the top of the dread list and they'll either spend the rest of their lives blaming everything under the sun and/or go on the dole.
Years ago, I worked at G.E.. At that time their business practices were not the best because a worldwide demand for their products guaranteed a profit. Those days are over and companies today must be lean, mean and efficient to survive. If that means closing a plant and moving operations to another country, then it MUST be done. When I was a boy, I asked my grandfather how much my bicycle was worth. He replied that it was worth what someone else was willing to give for it, no more. There is a common misconception today that a job is worth a certain standard of living. A job is worth what someone will pay for it and CEOs, who are bound to seek lower costs, now have the world as their labor pool. When I worked at G.E., the manufacturing sector was churning out high paying jobs to support an ever growing standard of living, but those jobs are going away and are being replaced (at a currently insufficient rate) with jobs that will not support such growth. Not only must companies learn to be lean and mean in the future, but the citizens also.
Dono
Originally posted by dono When I was a boy, I asked my grandfather how much my bicycle was worth. He replied that it was worth what someone else was willing to give for it, no more. Dono
If I had a nickel for every time my granddad and dad said that to me, I could buy myself a new bike.
quote: If I had a nickel for every time my granddad and dad said that to me, I could buy myself a new bike.
My grandfather would be considered very eccentric today. Habits formed before and during the depression led him avoid debt and be thrifty all his life. He got his first house by saving to pay cash for the lot, then saving to pay for the materials ($1200.) to build the small frame house. The three cars he owned in his lifetime were purchased with saved cash and driven until they wore out. His regular work week was 60 hours for which he was paid a fixed wage. He was typical of that generation and provided a good life for his family with hard work and discipline. There are many good lessons to be learned from from his generation.
Dono
I hope you didn't misunderstand me, I meant that in the most positive of ways. I still live by those words.
I agree, your grandfather would be considered eccentric today, but IMHO, he's got it right. I wish I could live that way, but in the year 2003, I'm not sure it's possible.
Originally posted by dono Years ago, I worked at G.E.. At that time their business practices were not the best because a worldwide demand for their products guaranteed a profit.Dono
I remember those days of prosperity, we used to formulate operating budgets based on manufacturing capacity, instead of overhead/COGS/margins driving sales required forecasts.
Originally posted by dono quote: If I had a nickel for every time my granddad and dad said that to me, I could buy myself a new bike.
My grandfather would be considered very eccentric today. Habits formed before and during the depression led him avoid debt and be thrifty all his life. He got his first house by saving to pay cash for the lot, then saving to pay for the materials ($1200.) to build the small frame house. The three cars he owned in his lifetime were purchased with saved cash and driven until they wore out. His regular work week was 60 hours for which he was paid a fixed wage. He was typical of that generation and provided a good life for his family with hard work and discipline. There are many good lessons to be learned from from his generation.
Dono
So true. I know people in their 40s and 50s in this era who will never be able to consider retirement due to their lifestyles. 2-3 leased vehicles with no equity, crushing mortgages with paper equity based on fickle market appreciation, depreciating toys like boats, supporting children in their 20s still living at home while dabbling at college educations, 401k programs worth 25% of original value, lifes filled with total stress and always 'knowing things are going to improve'.
My parents, in their 80s, were depression era children who avoided debt like the plague and considered blue chip stocks as risky an investment as they'd make, shake their heads when I tell them things like unionized food market workers in Southern California are begining to file BK after being on strike for 30-days.
Originally posted by georgedavila My parents, in their 80s, were depression era children who avoided debt like the plague and considered blue chip stocks as risky an investment as they'd make, shake their heads when I tell them things like unionized food market workers in Southern California are begining to file BK after being on strike for 30-days.
Now George, you shouldn't tell your folks stuff like that. They are in their 80's after all.
But when you put this twist on the ball, I'll bet it has to genuinely be very hard for them to understand and accept that their available social services are so restricted because elected officials actually signed rules making that legal.
I would have to think it goes against everything they have believed all their lives.
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