A book review by Dr. John Psarouthakis, Executive Editor of www.BusinessThinker.com
I wish I had read this excellent book, “The LEAN CEO” by Jacob Stoller, when I was looking for and acquired over 20 medium size manufacturing companies, it would have made our efforts easier.
Way back in the 1970’s and 1980’s I was involved in acquiring manufacturing companies. I observed that many, well over 50% of the, companies we looked at were poorly performing. On further look we concluded that it was due to bad management. Never mind about the concept of Lean management, it did not exist, the mentality and approach was totally to the contrary. It reminded me of what we say about an augmented government and related costs.
In 1978 I decided to step out and start a corporation that would acquire underperforming manufacturing companies and make them profitable by streamlining (Lean) management and systems, bring on board relevant technology, train our employees in the plants and /or the near by community colleges, and so on.
Dr. Periklis Gogas is an Associate Professor of Economics, International Economics Department, Democritus University of Thrace, Greece
Ms. Maria Matthaiou is a PhD Candidate in Economics, Democritus University of Thrace, Greece
For a typical family, the net salary is usually the main source of its income. Therefore, it determines their ability to consume or save. In the following table we present the net salary in 27 OECD countries. Net salary is the take-home pay that is left after we deduct the income tax and employee’s social security benefits for retirement and health insurance from the gross salary payed by the employer. More specifically: Continue reading
Dr. John Psarouthakis, Executive Editor, www.BusinessThinker.com
Our world continues to have an expanding population, an economy that increasingly is integrated on a global scale, a world environment faced by a variety of threats and disparate cultural values. In order to live and work successfully in such a world, individuals, organizations, sectors, and nations must work together.
We have entered an era in which knowledge of dominant technologies and the people skilled in its use are the key elements of sustainable growth in the complex environment we live in:
- It is an era of intense international competition.
- Corporations are continually changing, merging, and dividing.
- Employment is in flux.
- Major immigration waves are in motion
- Time scales are reduced.
In such times, we will succeed by our wits rather than by our power and natural resources.
Key dominant technologies in the 21st century era–things like: