Value of PhD education for industrial businesses.
Category: Reference, Education and News > Job and Careers
Asked by: akilpatrick-ga
List Price: $20.00
02 Nov 2006 15:21 PST
Expires: 02 Dec 2006 15:21 PST
Question ID: 779558
What is the value added to a business such as Siemens Power generation that can be created by employing an employee with a PhD in organization management speacilizing in leadership?
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Re: Value of PhD education for industrial businesses.
From: robotguy-ga on 02 Nov 2006 20:26 PST
The question is impossible to answer in a strict dollar sense. The closest you can get is to range estimates and drivers for determining the value. 1) Lowest value generated: The value must be at least equal to the salary paid to the individual being hired. 2) Drivers of value from the individual: Existing environment: Is the organization currently well led or does it need reorganization or fresh strong leadership? Greater value from having existing poor leadership. Breadth of responsibility: Will the individual have the ability to make recommendations which can positively impact significant costs or revenues? Greater value will come with greater authority over revenues providing recommendations are within the individual's field of expertise and range of competence. Willingness of the organization to change: If the organization is not willing to change or the individual does not have the backup necessary to impose change then value will be negatively impacted. Talents of the individual themselves: How much individual initiative, charisma and determination does the individual have? Upper bound: If the power generation businesses which have employees of this type are valued higher than Siemens in the stock market the maximum reasonable value would be the value difference between Siemens and the companies employing this type of employee.
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