GMU SOM Alumni Chapter

We asked the GMSOMAC Board of Directors on their predictions for business in 2011. Here are the responses:

Michael Gallagher, President of GMUSOMAC:

The U.S. economy will begin to recover quicker than any of us currently expect

China’s housing property/housing bubble will burst (http://finance.fortune.cnn.com/2010/11/17/chanos-vs-china/)

The use of social media by American businesses will soar

Tracy Tran, Vice President of Outreach:

Unemployment will be around 8.5-8.8%.

The 2011 device everyone will need for their business: a front-face camera smartphone and/or tablet.

The Society of Human Resources Management will be treated like the U.S. Chamber of Commerce from HR pros, while the local SHRM chapters carry their mission in their own area.

We will hear more HR professionals talk about their industry, not their profession.

Keywords we will hear in 2011: Part-time flexibility.

Big nonprofits will be steady, but small nonprofits will either merge with other nonprofits or deceased in their operations.

There will be a lot of position opens titled: “Social Media Manager,” “Community Manager,” “People Manager,” and “Outreach Coordinator.”

Ian Bush, Director-at-Large:

National unemployment will be under 7.5% by the end of the 2011.

Mobile and Location Specific Applications (like Four Square) will be the #1 technology topics in 2011.

Gas prices will approach $4/gallon next summer as the economy gains strength.

John Eisenschmidt, Director-at-Large:

Entering Year Three of the Presidential Cycle and Bull Market

Wall St. Computers Read the News, and Trade on It

Have a Happy and Safe Holiday Season and we’ll see you in 2011.

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