Category Archives: Book Reviews

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.

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The Network Always Wins, By Peter Hinssen, McGraw Hill 2015

JP-pic 2A book review by Dr. John Psarouthakis, Executive Editor, www.BusinessThinker.com

This book eloquently and effectively “talks’ about the complexity of our world today and particularly about the complex systems in Business. It is a fascinating read and amazingly effective in communicating the complexity and what to do about it. In one page Peter presents the thermodynamic property of Entropy and Heisenberg’s uncertainty principle and being understood. That is an achievement in itself since Entropy is inter-wound with the second law of thermodynamics and the other with quantum mechanics! Not a simple achievement.

Though I believe complexity has existed for as long as humans began to deal in groups those early people and for many thousand of years they dealt with complexity with simple linearity approach

Because the complexity and the changes that came with it then occurred at a very slow pace and the linear approach was practical and effective. Today the change comes at a high acceleration rate that we do not have the time to deal with the gross deviations that linearity will require to deal with the issues at hand. Adding to this is the great interdependence of our activities on a global scale and instantly felt effects of actions occurring on the other side of the glob from us, etc.

This book, not only made me more acutely aware of the complex world we live in, but also provided me with approaches to the complexity so that I can deal with it and not fall in to “panic”!

I strongly recommend this book that deals with difficult concepts in a way that we build our confidence in dealing with the complexities of today’s business world.