GMA Newslettter December 2009

Philip Leitch

National President

Qld Chapter

President

Dear Members and Associates,

2009 seems to have been a very busy year for everyone. The Global Financial Crisis (GFC) translated to extra hours for many of us as we struggled to increase the productivity of our businesses while still taking care of day-to-day tasks. This strategy appears to be paying dividends with signs that the GFC may be winding down as confidence increases. However, the GFC has definitely made an impact on graduate management. It was widely perceived that the GFC was largely the product of MBA and other post-graduate executives. However it now appears that the crises was a result of the marketplace rather than the players in the market. In fact, today's MBA offerings have a focus on ethics, governance and corporate responsibility. The GMAA, along with various academics, made this point in an article published in The Australian earlier this year.

Although our economy seems to be recovering 2009 saw some business shrinking and few organisations hiring/promoting into their upper ranks. This has been a boon for the education industry as people up-skill to ensure career advancement. There has been an increase in both undergraduate and post-graduate enrolments across the board. MBAs and other post-graduate business degrees are in demand again. This is heartening, as is the fact that our organisation's MBA rating system is still a highly regarded source of differentiating MBA offerings.
http://www.theaustralian.com.au/news/ups-and-downs-of-the-global-ratings-game/story-e6frgdx6-1225792617511

2010 is set to be just as busy. Organisations are still cautious while moving into uncharted business waters. This is where true business leadership is required. It's my believe that graduate managers are truly going to show their worth in 2010 as they lead businesses into a healthier financial environment. This is the time that we can really show our worth.

In 2009 our orgnanisation has also had renewal of sorts, our National Executive Committee has new members from Victoria, New South Wales and Queensland. The fresh views and opinions are already making a difference. For example, the GMAA intends to provide a more even focus on all business post-graduate strands. The GMAA has always represented post-graduate business management, but has had a focus on the MBAs and DBAs. This broader focus will provide broader appeal for our association.

The contribution of national and state committee members is invaluable and I thank every member for their time and effort throughout the year. I would invite members to get in contact with their state presidents to discuss issues or to become actively involved.

I wish you all a very happy holiday and the very best for the new year.

Regards,

Philip Leitch

National President

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