Corporations should look to the city of Helios when seeking new business opportunities or a new location. Even in the recent recession, Helioss unemployment rate was lower than the regional average. It is the industrial center of the region, and historically it has provided more than its share of the regions manufacturing jobs. In addition, Helios is attempting to expand its economic base by attracting companies that focus on research and development of innovative technologies.
The passage cites an article which prescribes the city of Helio as the future investment destination for corporations for corporations seeking opportunities for business expansion. In support of this conclusion, the author has cited a lower unemployment rate than the regional average, even during recession times, and proven contribution of the city towards regions manufacturing sector. These facts, coupled with the premise that the city administration is planning to expand its economic base to attract R&D companies, lead author to conclude that corporations should consider the city of Helios for greenfield business opportunities or setting up new hubs. This line of reasoning is problematic for the following reasons.
First, the argument readily accepts that the citys central location and greater contribution towards manufacturing sector will also translate as its success as new research & development and innovative technologies hub; but in reality, the requirements for manufacturing and research & technologies sectors are drastically different. While both the sectors demand robust infrastructure, conducive investment climate and good connectivity, the key differences between them are the resource base. Manufacturing sector mostly employs labors who should be readily available in the catchment area whereas Technology sector needs skilled engineers and top-notch scientists to advance research activities. And one of the key success criteria for such activity is close collaboration between reputed university/academic institutions and industry players. The author fails to highlight about the education & cultural background of the city and how it might be resourceful for the R&D industries. Lacking this assumption, the expectation of technology companies opening centers in the Helios is entirely unfounded.
In conclusion, the argument is weak and compelling. To strengthen the conclusion, the author needs to provide evidences that how city administration is planning to ensure all the requirements for R&D companies are in place and lay out infrastructure for the same. Supporting examples of success stories in which a heavy industry dominated city has transformed to green field tech city will further substantiate authors view.![]()
The passage cites an article which prescribes the city of Helio as the future investment destination for corporations for corporations seeking opportunities for business expansion. In support of this conclusion, the author has cited a lower unemployment rate than the regional average, even during recession times, and proven contribution of the city towards regions manufacturing sector. These facts, coupled with the premise that the city administration is planning to expand its economic base to attract R&D companies, lead author to conclude that corporations should consider the city of Helios for greenfield business opportunities or setting up new hubs. This line of reasoning is problematic for the following reasons.
First, the argument readily accepts that the citys central location and greater contribution towards manufacturing sector will also translate as its success as new research & development and innovative technologies hub; but in reality, the requirements for manufacturing and research & technologies sectors are drastically different. While both the sectors demand robust infrastructure, conducive investment climate and good connectivity, the key differences between them are the resource base. Manufacturing sector mostly employs labors who should be readily available in the catchment area whereas Technology sector needs skilled engineers and top-notch scientists to advance research activities. And one of the key success criteria for such activity is close collaboration between reputed university/academic institutions and industry players. The author fails to highlight about the education & cultural background of the city and how it might be resourceful for the R&D industries. Lacking this assumption, the expectation of technology companies opening centers in the Helios is entirely unfounded.
In conclusion, the argument is weak and compelling. To strengthen the conclusion, the author needs to provide evidences that how city administration is planning to ensure all the requirements for R&D companies are in place and lay out infrastructure for the same. Supporting examples of success stories in which a heavy industry dominated city has transformed to green field tech city will further substantiate authors view.