The Leader - September 2007 - (Page 30) lo c at Io N v e l o c I t y : G o od toda y, b u t Wh a t a b ou t to mo rro W ? The central point is that location velocity is a concept that must be weighed in site selection throughout the world. It should never be assumed that what looks like a good bet today will remain so in the future. After understanding a business unit’s tolerance for labor market competition, the prudent site selector will place a high degree of importance on the dynamic we call “location velocity.” A project team’s legacy should be judged on the long-range (beyond five years) success of any new location. Toward that end, Figure 2 provides a visual depiction of some of the most critical components of location velocity. Figure 3 graphically illustrates how the rating of current/future labor market dynamics would appear for a viable location. Hopefully, the above commentary and these decision tools will be helpful in securing a valid and sustainable location for your next new facility. And remember that when “hunting in packs” the spoils generally go to the first on the scene. about the author Mississauga: Strength in numbers Dennis J. Donovan is a principal of Wadley-Donovan-Gutshaw Consulting based in Bridgewater, N.J. WDGC has been advising companies on facilities location for over 30 years. The firm has devoted considerable resources toward assessing the human resource dimensions of corporate facilities location. Donovan is responsible for coining the term “location velocity.” Mississauga’s numbers appeal to logic – balanced by a lifestyle that keeps your people creative and productive. Let us show you more. 53,000: That’s how many businesses call Mississauga home. We have diverse business clusters with more than 50 Fortune 500 businesses in biotechnology, info. tech., automotive, aerospace, real estate and financial services. 3.1 million: Our population provides access to one of the best educated labour pools in the world – 82% of Mississauga resident workers have post-secondary education. 24/7: Mississauga’s within a day’s drive of North America’s richest markets with access to 164 million consumers. #1: Home to Canada’s largest international airport, just minutes from your Mississauga base – in the heart of a major air, road and rail network. www.mississauga.ca/business For more information on this topic, go to CoreNet Global’s Knowledge Center Online. New Strategies for Building a Sustainable Work Force http://www2.corenetglobal.org/dotCMS/ kcoAsset?assetInode=1306833 Defining Key Locations http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=40806 The Strategic Importance of Where You Operate http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=42747 edoad_realestateleadermag_0807.indd 1 7/31/07 10:00:35 AM http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=1306833 http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=1306833 http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=40806 http://www.mississauga.ca/business http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=42747
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