Book: “THE DIGITAL ECONOMY”, By Don Tapscott, McGraw Hill, 2014

A discussion / Book Review,  by

Dr. John Psarouthakis,
Executive Editor,
CV at


Technology is neither good nor evil. It is neither progressive or regressive. It is whatever we—individuals, communities, nations, the global economy—make of it, positive or negative or both. Then internet, for example, has done more than any religion or any language or any empire in world history to put humans in touch with each other. That’s a breathtaking superlative no one can deny. A citizen of a backward dictatorship in some forlorn corner of the world can—given a handheld device and internet access—communicate in real time with, say, expatriate groups in San Francisco or London.

Simultaneously. Hooray for the internet. On the other hand, the internet can disseminate more pornography in one daymthan all the world’s printing presses have disseminated since Gutenberg bought his first barrel of ink.

The parallel trade-offs are endless. Our most advanced airplanes can carry people, or can carry weapons of mass destruction. A new medication can ease human misery, or can be diverted to the narcotics trade. Almost any new technology can be deployed in positive or negative ways. The choices are ours. But rest assured that the internet, modern aviation, and pharmaceutical research cannot and will not go away. Nor should they.

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“How to Acquire the Right Business”– A Book Description


Dr. John Psarouthakis, Executive Editor,
CV at

Editor’s note: In 2008 the book on acquisitions that Professor Lorraine Hendrickson-Uhlaner and I wrote was published. See reference at the end of this description. Given the inquiries received about acquisitions and in my opinion of the continuing relevance of the content of the book I decided to post this description of the book.

A Summary

 This book reflects the firsthand, practical experience in the acquisition of businesses by the author, me, John Psarouthakis. He has led the buying process for over forty acquisitions and has been a part of a team of a dozen others during his business career as an entrepreneur and business executive. Most of his experience comes from purchasing and selling businesses for two companies, J.P.Industries Inc. and JPE Inc. that he founded, managed, and eventually sold, as well as from the notes for the course on acquisitions he taught at the Ross School of Business of the University of Michigan as an adjunct professor of business.

Although Psarouthakis’ experience draws heavily on the manufacture and distribution of durable goods sectors, many aspects of the process are the same, regardless of the industry.

Interviews conducted by coauthor Lorraine Hendrickson with entrepreneurs involved in acquisitions for the retailing, service, and construction sectors and other published information about the acquisitions process also influence the content of this book.

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Apple and Tesla: Strategy and Love

William LaraqueMr. William Laraque is an advisor to governments, financial institutions and enterprise for economic development and job creation Top Contributor

Apple doesn’t need to buy Tesla. Apple’s credo is to bring design excellence to digital products that consumers use everyday. Like cars! The car is a digital product until such time as teleportation becomes practical. It not only gets you where you are going, but helps determine where that is and now tells you how to get there. You can tell your loved ones where you are using the car’s communication functionality while listening to beautiful music, or the music you like whether or not it can be characterized as beautiful. Apple improves the quality of life. So will the Apple car.

Consumers love the beautiful and the well designed, the well functioning. This is the point. Consumers love Apple products and as Tim Cook has said, love determines relevance.

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