TREO IMMEDIATE PAST CHAIR
The one constancy is change. Change in our tastes, preferences, wants and needs. The way a successful organization responds to change is through continuous workforce and talent development. The entity that is successful in this development secures a competitive advantage in attracting and retaining the greatest talent from a shrinking pool. If our region is successful in this effort, it will serve as a key driver to economic prosperity. But it’s not an easy assignment. The workforce from a demographic standpoint presents challenges to companies trying to stay ahead of the competition. That’s why it’s critical to attract a variety of businesses and industries that provide high-paying and diverse opportunities to the workforce.
Why do you invest in and support economic development initiatives?
Regarding the TREO Blueprint Update, why is the committee you serve on in this strategic planning initiative important to you?
What is your perspective on the importance of talent and workforce development as a key economic driver?
We rely on economic development as fuel for growth. Economic development provides communities with a growing revenue base that is an attraction for others looking for a stable and prospering community. Economic development allows a community to build a strong educational system and a healthy and sustainable infrastructure. One of the best things we can do for our children is to build a healthy and attractive community where they can raise their own children. This creates a sustainable pipeline of new employees that is vital to our success.
The TREO Blueprint is not designed to be a final solution or answer – I wish it was that simple. It is meant to be a framework that we can use to focus our efforts on economic development. We need this framework to focus our increasingly scarce resources in areas that result in the greatest payoff. I serve on the Talent Committee. If public and private sectors can get the right talent at the right time, the rest will fall into place. What is the outlook for the defense industry in 2014?
Stephen G. Eggen Retired CFO Raytheon Missile Systems
Government sequestration, budget pressures and general lack of progress on these issues in government will continue to put pressure on the industry. The survivors will be those who remain focused on the mission – providing the best products to our war fighters, on cost and on schedule. Companies like Raytheon – which are diversified in product offerings and relentless in the mission – have a strategic advantage. Biz
Winter Winter2014 2014 > > > BizTucson 75
The Tucson Region's Business Magazine