The following appeared as part of an article in a magazine devoted to regional life:
"Corporations should look to the city of Helios when seeking new business opportunities or a new location. Even in the recent recession, Helios's unemployment rate was lower than the regional average. It is the industrial center of the region, and historically it has provided more than its share of the region's manufacturing jobs. In addition, Helios is attempting to expand its economic base by attracting companies that focus on research and development of innovative technologies."
Discuss...
The issue of whether corporations should look to the city of Helios when seeking new business opportunities or a new location, as recommended by an article in a magazine devoted to regional life, depends on a variety of factors, and certainly requires a lot of careful consideration. There are several misleading bits of information provided in this article.
For one, the article states that Helios's unemployment rate was lower than the regional average. This may sound good, but before allowing this argument to carry any weight in the decision of whether or where one should move their corporation, one should first have a sound understanding of how the unemployment rate is calculated - a lower unemployment rate is not always entirely a good thing. For example, the unemployment rate in the U.S.A. has generally been trending downward, but a substantial part of the reason behind that trend has been the decreasing labor force participation rate, which most would argue is not a good thing.
Also, the magazine article mentions that Helios is the industrial center of the region, and that it has historically provided "more than its share of the region's manufacturing jobs". There are at least two things wrong with this statement -- firstly, it's not at all clear what having "more than its share of manufacturing jobs" means. Secondly, the article makes a sweeping generalization that all corporations should consider Helios for their relocation; it likely wouldn't matter to, say, a tech company whether or not there were an abundance of manufacturing jobs in the area, and it is unlikely that that this abundance would lead to "new business opportunities".
Lastly, the article states that Helios is "attempting to expand its economic base", but doesn't make any reference to whether they are actually having any success doing so - as such, this argument is fatally flawed. It does not make sense for a company to move somewhere solely based on the type of crowd that it is making an attempt to attract. Also, if a corporation were to move to Helios in search of new business opportunities, and this crowd that Helios was trying to court never ended up making the move, then that corporation would have made a bad decision.
In conclusion, while the magazine article recommending Helios to corporations seeking a new location may in fact be giving good advice, the arguments that they utilize simply lack validity. Corporations looking to relocate should most definitely do some additional research before making their final decision as to whether they should and where they should move their corporation.
"Corporations should look to the city of Helios when seeking new business opportunities or a new location. Even in the recent recession, Helios's unemployment rate was lower than the regional average. It is the industrial center of the region, and historically it has provided more than its share of the region's manufacturing jobs. In addition, Helios is attempting to expand its economic base by attracting companies that focus on research and development of innovative technologies."
Discuss...
The issue of whether corporations should look to the city of Helios when seeking new business opportunities or a new location, as recommended by an article in a magazine devoted to regional life, depends on a variety of factors, and certainly requires a lot of careful consideration. There are several misleading bits of information provided in this article.
For one, the article states that Helios's unemployment rate was lower than the regional average. This may sound good, but before allowing this argument to carry any weight in the decision of whether or where one should move their corporation, one should first have a sound understanding of how the unemployment rate is calculated - a lower unemployment rate is not always entirely a good thing. For example, the unemployment rate in the U.S.A. has generally been trending downward, but a substantial part of the reason behind that trend has been the decreasing labor force participation rate, which most would argue is not a good thing.
Also, the magazine article mentions that Helios is the industrial center of the region, and that it has historically provided "more than its share of the region's manufacturing jobs". There are at least two things wrong with this statement -- firstly, it's not at all clear what having "more than its share of manufacturing jobs" means. Secondly, the article makes a sweeping generalization that all corporations should consider Helios for their relocation; it likely wouldn't matter to, say, a tech company whether or not there were an abundance of manufacturing jobs in the area, and it is unlikely that that this abundance would lead to "new business opportunities".
Lastly, the article states that Helios is "attempting to expand its economic base", but doesn't make any reference to whether they are actually having any success doing so - as such, this argument is fatally flawed. It does not make sense for a company to move somewhere solely based on the type of crowd that it is making an attempt to attract. Also, if a corporation were to move to Helios in search of new business opportunities, and this crowd that Helios was trying to court never ended up making the move, then that corporation would have made a bad decision.
In conclusion, while the magazine article recommending Helios to corporations seeking a new location may in fact be giving good advice, the arguments that they utilize simply lack validity. Corporations looking to relocate should most definitely do some additional research before making their final decision as to whether they should and where they should move their corporation.
