Money for nothing–(Greece)

Alexis Papachelas is a guest editorial writer to The Business Thinker. He is currently the Executive Editor of the long standing and highly respected daily Greek newspaper “Kathimerini”.

State subsidies are one of the main reasons behind the bankruptcy of Greek entrepreneurship. Many businessmen are currently requesting economic aid so they can, in turn, kick-start the faltering economy, which is currently sinking in the quagmire of recession.

But could this really solve the problem? It would be interesting to see a list of the businesses and specific projects that have received subsidies over the past 20 years and examine what came of them and their subsidized projects. Most respected entrepreneurs will tell you that the subsidies had little impact on the real economy. Continue reading Money for nothing–(Greece)

SHORT-TERM GOALS / LONG-TERM DREAMS (Be Prepared to Reach Goals Other Than Those You Set)

DISTINGUISHED ALUMNI/AE LECTURE SERIES, DEPARTMENT OF MECHANICAL ENGINEERING, MASSACHUSETTS INSTITUTE OF TECHNOLOGY

It is a pleasure and an honor to be here with you. It gives me a strange mixture of pride and humility. Pride in the accomplishments of the men and women who have earned for this institution the worldwide prestige it enjoys, and humility to have been permitted to be included amongst its alumni.

So, it is a special treat to speak with you today, although I admit to some mixed emotions. I enjoy talking “about engineering, about business, about  philosophical concepts, and about social-issues.  I also like to talk about ideas. And I have done that on many occasions.  However, I have had less experience talking about myself which is what I will talk about as has been suggested.

I will, however, be candid with you. And I will share with you some thoughts that may have value for you, as they have for me. Continue reading SHORT-TERM GOALS / LONG-TERM DREAMS (Be Prepared to Reach Goals Other Than Those You Set)