Category Archives: Book Reviews

Robots v experts: are any human professions safe from automation?

Editor’s note: Given the intense discussion on the employment issues generated by the Robotics technology, I found this book presentation published by British www.theguardian.com very relevant and I am refering to it here.

By

Richard Susskind OBE is an author, speaker, and independent adviser to international professional firms and national governments. He is president of the Society for Computers and law IT adviser to the lord chief justice. Tomorrow’s Lawyers is his eighth book,

and

Daniel Susskind is an economist, lecturer at Balliol College, Oxford, and co-author with Richard Susskind of The Future of the Professions

The main themes of our book, The Future of the Professions, can be put simply: machines are becoming increasingly capable and so are taking on more and more tasks.

Many of these tasks were once the exclusive preserve of human professionals such as doctors, lawyers and accountants. While new tasks will certainly emerge in years to come, it is probable that machines will, over time, take on many of these as well. In the 2020s, we say, this will not mean unemployment, but rather a need for widespread retraining and redeployment. In the long run though, we find it hard to avoid the conclusion that there will be a steady decline in the need for traditional professional workers.

During the year after the book’s hardback publication in October 2015, we tested this line of argument on audiences of professionals in more than 20 countries, speaking to around 15,000 people at over 100 events. The response, frankly, was mixed. Our work seems to polarise people into those who agree zealously with our thesis, and those who reject it unreservedly. Both sides argue their views passionately.

For the entire article please click

Bring Back Manufacturing Jobs

Dr. John Psarouthakis, Executive Editor of www.BusinessThinker.com, Founder and former CEO, JP Industries, Inc., a Fortune 500 industrial corporation, Adjunct Professor(ret.), Ross School of Business, University of Michigan.

President Trump promised that he will bring back manufacturing jobs that in recent years moved to other more “competitive” countries. That is a great objective for our employment and economic expansion.

I wish him success.

In late 2012 I wrote a book titled “Th Technology Imperative: What Jobs! Jobs! Jobs! Really Means in the 21st Century”

Here are issues addressed in my book. Certain brief summaries have been posted and the others will be posted.  The linkages are shown just under the headings.

  1. Some Things Are Not Reversible  http://businessthinker.com/some-things-are-not-reversible/
  2. To Solve a Problem, First Define It
    http://businessthinker.com/to-solve-a-problem-first-define-it/
  3. Forget planned obsolescence; it will happen, planned or not
    http://businessthinker.com/forget-planned-obsolescence-it-will-happen-planned-or-not/
  4. The other elephant in the room (and every room in the whole world)
  5. Why progress always ‘puts some people out of work’
  6. Manufacturing, despite all that, remains crucial to our economy
    http://businessthinker.com/manufacturing-despite-all-that-remains-crucial-to-our-economy/
  7. Education isn’t everything, but it’s close
  8. So can we ‘define the problem’ now?
  9. The problem defined
  10. Avoiding dystopia
  11. In addition to bringing back jobs here is a suggested solution for expanding our economy and maintaining improving employment:
    http://businessthinker.com/a-new-economic-growth-corporation-the-egc/

Reference:

“The Technology Imperative: What Jobs! Jobs! Jobs! Really Means in the 21st Century”, John Psarouthakis, Gavdos Press, October 2012.

Contact via email:   drjohnps@hotmail.com

THE LEAN CEO: Leading the Way to World-Class Excellence, by Jacob Stoller, McGraw Hill, 2016

DRJOHN2
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.

Continue reading THE LEAN CEO: Leading the Way to World-Class Excellence, by Jacob Stoller, McGraw Hill, 2016