Sunday, October 03, 2010
A value-added education is one in which content is supplemented by high concept teaching, media fluency, effective communication, creativity, entrepreneurialism, globalization, synthesis, innovation, and Information Communication Technology. Increasingly, students are going to be asked to make connections among seemingly unrelated concepts to differentiate their productive capacities.
As the barriers to trade are broken down and collaboration becomes essential for survival, logistics and logistic processes will become an essential capstone class in the business curriculum. I believe that logistics synthesizes all business subjects into one class and provides the most opportunity for a value-added education.
An iPod is made with 451 parts. According to Hal Varian, approximately $163 of the value is added in the United States by Apple and domestic component makers. $80 of the the value is added by US consumers in the form of consumer demand. The iPod is not made in the US but the idea was created here. In the end, nothing else matters.