State of Business Magazine, Fall 2006, Going Global for an MBA
  vol. XVIII no. 2

Fall 2006 contents
Dean's Letter
Rajeev Reports
In Brief
To The Point
State of Business 
				    Information








The Business Engine That Could

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Atlanta’s business leaders do identify recent challenges, among them plant closings at GM and Ford, financial trouble at Delta, the recent sales of Georgia Pacific (to Koch Industries) and Scientific Atlanta (to Cisco Systems), and a cutback in the military presence at Ft. McPherson. "The job losses from the changes at GM and Ford make it clear how important it is to attract new industry," says Holland, who also expresses concern about the impact of banking mergers and the loss of major banks headquartered in Atlanta.

Transportation and traffic are high hurdles listed by all these leaders. Atlanta’s sprawl has led to traffic congestion, smog, and increased frustration among commuters. Byers dreads traffic so much that he schedules meetings out of the office only at nonpeak travel times. Little says metro Atlanta will have to find some creative traffic solutions if it is to stay attractive to business. "There are only so many roads you can build and only so many cars you can have," he says.

And then there are the infrastructure challenges. "This administration is having to deal with things that were left undone by previous administrations," says Little. "The waste water work, for instance, is requiring major funding. We have to address these infrastructure issues if Atlanta is to maintain an even keel or keep improving."

Undergirding all of those challenges is maintenance of a strong labor force with support from Atlanta’s universities and colleges, says Wood, who completed his MBA course work in the evenings while working full-time at SunTrust and handling a frequent travel schedule. "We not only need trained people to run the companies but also to attract new business."

A consensus is growing among the leaders that while business will continue to drive Atlanta, Atlanta has a responsibility to support business growth and upward movement. Holland sums it up: "Business is the engine that powers Atlanta, and attracting new business, including financial services business, is of vital importance. I’m aware that we have local issues such as water, air quality, and traffic, and although they are being addressed, they are not easy to solve." Like the little engine that could, Atlanta is now in a slow haul to the top of the hill, thinking it can.

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