Dr. John Psarouthakis, Executive Editor of www.BusinessThinker.com, Distinguished Visiting Fellow at the Institute of Advanced Studies in the Humanities, University of Edinburgh, Scotland, publisher of www.GavdosPress.com. Founder and former CEO, Industries, Inc., a Fortune 500 industrial corporation

The linkages listed in this segment and following segments on this topic to be posted in separate categories are based on my experience as senior executive as well as an entrepreneur on managing growth businesses. Because statistical techniques test for probabilities but not certainties, the wordings are stated in terms of likelihoods. Discussions of these linkages are to be presented in future articles. Other executives and entrepreneurs could come to different conclusions compared to those listed in the segments posted. Therefore, those that read my views should take them as the experience of one person and use their judgment as to whether these linkages are to be taken as stated in their case.

LINKAGES FOR COORDINATION ADEQUACY (WORK FLOW, PART 2)

Linkage-1: The more able the firm is to obtain needed managers, capital, and information from OUTSIDE the firm, then the more effective coordination strategy is likely to be, the less likely are things to slip through cracks, and the less often are unnecessary work delays likely to occur.

Linkage-2: The more closely employee goals integrate with company goals, the better are employee morale and commitment likely to be, And the more effective is the CEO’s value-sharing strategy, the more effective is coordination strategy likely to be.

Linkage-3: The more closely employee goals integrate with company goals, the better employee commitment and morale are, and the more effective the CEO’s value-sharing strategy is, the less are unnecessary work delays likely to occur.

Dr. John Psarouthakis is the Executive Editor of www.BusinessThinker.com Internet Magazine, Distinguished Visiting Fellow / Professor at the Institute of Advanced Studies in the Humanities, University of Edinburgh, Scotland, Publisher of www.GavdosPress.com and Founder and former CEO, JPIndustries, Inc., a Fortune 500 industrial corporation

The world is a better place because of great novelists and poets and painters and musicians and sculptors and actors. We could include great chefs on a short list of specialists who add value to our cultural lives. Even such a basic need as food, after all, can be lifted above the ordinary and into the realm of art. As a voracious consumer of the arts (and occasional patron of the arts), and as someone who enjoys a wonderfully prepared meal, I obviously believe esthetic good things enrich us all. I also believe everyone’s education should include a well-guided tour of the literary, visual, and musical arts. But only a relative handful of citizens can pay the rent by knowing the difference between a sonata and a fugue, or by sharing their opinion of Moby Dick—or, for that matter, by knowing how to play a fugue or write a novel or choose the best fresh ingredients and bring them to table well enough to rent a building and start printing menus. The world doesn’t work that way. The overwhelming majority of us always have needed to make a living in the mundane realm of commerce and industry (or, via subsidy by the private sector, government). Education’s role in that familiar dynamic must be fundamentally recast, however, for the 21^st Century.

At a glance, educating young people for the 20^th Century workforce didn’t look much different than what education must accomplish in the new age. For example, all young people preparing for today’s job market know the lately fashionable acronym “STEM,” meaning “science, technology, engineering, and math.” Pointing toward a STEM career means, according to a 2011 Bureau of Labor Statistics essay, preparing for a job that will . . .

“ . . . play an instrumental role in expanding scientific frontiers, developing new products, and generating technological progress. These occupations are concentrated in cutting-edge industries such as computer systems design, scientific research and development, and high-tech manufacturing industries. Although educational requirements vary, most of these occupations require a bachelor’s degree or higher. Accordingly, STEM occupations are high-paying occupations, with most having mean wages significantly above the U.S. average.

LADY MARGARET THATCHER earned a degree in chemistry from Somerville College, Oxford, as well as a master of arts degree from the University of Oxford. For some years she worked as a research chemist and then as a barrister, specializing in tax law. Elected to the House of Commons in 1953, she later held several ministerial appointments. She was elected leader of the Conservative Party and thus leader of the Opposition in 1975.
She became Britain’s first female prime minister in 1979 and served her nation in this historic role until her resignation in 1990. In 1992, she was elevated to the House of Lords to become Baroness Thatcher of Kesteven. The first volume of her memoirs, The Downing Street Years, was published in 1993 by HarperCollins.

In November 1994, Lady Thatcher delivered the concluding lecture in Hillsdale Center for Constructive Alternatives seminar, “God and Man: Perspectives on Christianity in the 20th Century” before an audience of 2,500 students, faculty, and guests. In an edited version of that lecture, she examines how the Judeo-Christian tradition has provided the moral foundations of America and other nations in the West and contrasts their experience with that of the former Soviet Union.

“Republished by permission from Imprimis, a publication of Hillsdale College.”

The Moral Foundations of the American Founding

History has taught us that freedom cannot long survive unless it is based on moral foundations. The American founding bears ample witness to this fact. America has become the most powerful nation in history, yet she uses her power not for territorial expansion but to perpetuate freedom and justice throughout the world.

For over two centuries, Americans have held fast to their belief in freedom for all men—a belief that springs from their spiritual heritage. John Adams, second president of the United States, wrote in 1789, “Our Constitution was designed only for a moral and religious people. It is wholly inadequate for the government of any other.” That was an astonishing thing to say, but it was true.

What kind of people built America and thus prompted Adams to make such a statement? Sadly, too many people, especially young people, have a hard time answering that question. They know little of their own history (This is also true in Great Britain.) But America’s is a very distinguished history, nonetheless, and it has important lessons to teach us regarding the necessity of moral foundations.

Dr. Athanase C. Papandropoulos studied economics, politics and media communication in at the university of Mons, university of Liege and university of Lille. He obtained his PhD in Economics in Mons.

He has become one of the leading European personalities among media people, especially in European and business affairs.

He is International Honorary President since 1998, and Former International President 1992-1998, Association of European Journalists; Anchorman for financial matters at SBC TV; Editorial consultant at “European Business Review” magazine.

This time the situation is indeed very serious. A new party made its appearance in German politics and is composed of economists, lawyers and Christian Democrat politicians who believe in the dissolution of the euro area before this, they say, breaks Germany. The new party will be called «Alternative for Germany» and its basic philosophy is the exit of Germany from the euro zone and return to the Deutschmark, or another currency involving The Netherlands, Austria, Finland and any other country shares the German positions on competitiveness, fiscal discipline and reduce government borrowing.
«Joining the euro zone and the adoption of the single European currency proved fatal mistakes, that undermine prosperity. The old parties, not only do not understand the mistakes they made, but continue to grow», said Hans-Olaf Henkel, former president of the Association of German Industries and well-known europhile. «In my professional life I made the serious mistake some years ago supporting the euro», adds the German industrialist, who has a strong influence on German political and economic lives.
«Our exit from the euro is now imperative. Differences between North and South is the cancer of Europe, which self-destructs. The Mediterranean countries can maintain the euro to devalue and try to deal with their debts. May be so subsided threat of bankruptcy for these countries», says professor Bernd Luque, who is also a leading member of the new party. «When we see the Italians vote for Bepe Grillo and ignore their massive debt and to deal with it, we do not understand why German taxpayers should tend a helping hand», says the German economist Kurt Hetzel, member of the new party. «The Italian elections demonstrate the real risks for the euro. To the extent that the repayment of excessive debts of Southern Europe depends on political decisions of their peoples and electoral choices, something is not clear», argues Horst Keller, journalist, commentator on German television channel ZDF. Moreover, recent poll conducted on behalf of the channel shows that 69% of Germans believe that the euro is disastrous for the economy and 49% favor the exit of Germany from the euro zone.