By Jamie Condliffe
These 3D-printed ants scuttle around much like the real thing. But loaded with sensors and wireless communication systems, they’re an experiment in collaborative robots—the kind of co-working that could fuel the factories of the future.
New Scientist reports that these robots—each the size of a human hand—are loaded with stereo cameras on their heads, sensors that feel the floor beneath and, perhaps most importantly, grippers to get some work done. They’ve been eveloped by German automation company Festo “to create intelligent agents that can work efficiently in factories of the future by adapting to different production requirements,” explains New Scientist.
Dr. Nicholas S. Economides is Professor of Economics at Leonard N. Stern School of Business, New York University
He is an internationally recognized academic authority on network economics, electronic commerce and public policy.
Immediate Need for a National Salvation Government in Greece Six weeks after the elections, bankruptcy is looming By Nicholas Economides, Stern School of Business, New York University On economic matters, the path of the present Greek government has been disastrous. Diametrically opposite positions are taken by ministers. The minister of economics expresses erratic contradictory positions from day to day, and sometimes on the same day.
The negotiation at the Eurogroup displayed acrobatics and useless extreme confrontation. Many actions were taken for their style rather than their substance. Greece went to the negotiations asking for money, but neither did it receive any money, nor it decreased its debt, but instead was obligated to continue the agreement with the lenders (Mnemonio) without receiving anything in return. All the countries of the Eurozone, including Spain, Portugal, and even Cyprus, followed
the hard line of Germany. Greece found itself completely isolated. Many are worried about the possibility that Greece will leave the Eurozone, the European Union, and even NATO.
Dr. John Psarouthakis, Executive Editor at www.BusinessThinker.com;
Founder and former CEO JPIndustries, Inc., an industrial acquisitions growth group. For CV go to http://linkd.in/1AF7El7
One way to establish the seriousness of your intent is the amount ofeffort you expend toward your new venture. In general, bankers and others assume that you are more serious about the project if you are working at it full-time. This is not to say that you must quit your present job to get a loan, but it does contribute to a banker’s opinion of how serious you are about the project. A banker is likely to view you differently if you have two years of income saved up and are planning to look for companies full-time than if you are simply between jobs, or you are still working at your present job.
If you do plan to quit your job, you must plan for this step very carefully. You should be ready to live on savings for up to two years until you have made the transition to your new company. You also need to make plans with your family so that they are prepared and willing to make the appropriate sacrifices.
Your Business Qualifications for Running the Business
Though not necessary, it is helpful to have an master of business administration (MBA). During the acquisition process, having the MBA does have some impact. With or without the MBA, it is important to have good advisors. Your familiarity with the industry is also very important, not only to the banker but to the seller too. Many sellers feel uncomfortable with the “whiz kid” from Wall Street and would often rather deal with someone with past operating experience in the same or a related industry.
Your Strategic Thoughts
The banker will also want to know what you plan to do with your company. Do you know how you are going to improve value of the company and what you plan to do with the company in the long run? Why do you feel that an investment in this industry is a good move at this time and what changes will you make to assure that your company will be successful? Strategy doesn’t need to be complicated, but it should be clearly thought out and communicated, preferably in a written business plan