As the founder of a Fortune 500 manufacturing company, I view the future with great optimism in terms of what it offers for business. But I also see that the edge of our prosperity is wearing thin. Our manufacturing base is eroding, and our technology is being used more fruitfully in other countries.
We will also see a dampening effect on the world economy as our economy becomes second rate in the next decade or two.
I am not talking about technology and manufacturing directly. What I have in my mind is the quality of our workforce and how it interacts with technological advances and manufacturing methods.
How do we achieve a skilled workforce that is dedicated and committed: Continue reading We are facing critical times in the USA Manufacturing: a perspective
Dr. Tamir Agmon is an invited contributor to The Business Thinker. He is a Professor of Financial Economics at the School of Business, Economics and Law at Gothenburg University in Sweden.
The relations between research in business and management and the practice of management are not simple. Good research is conceptual and often is based on simplifying unrealistic assumptions. Good practice of management is concrete and is closely related to a specific situation in which the manager and the organization operate. Yet, good research contributes substantially to the practice of management just because it is not an attempt to describe business reality. Good research provides a conceptual model of reality that allows practitioners to gain a better understanding of some critical processes underlying the practice of management in a specific field.
The issue of selling innovative ideas in the market is a good example of the complex relations between research and practice in management and how managers in all levels can gain better understanding from research.
It is almost a cliche to say that the managers of today operate in a knowledge economy and that business is driven by new and innovative ideas. The communication industry, the information technology industry, the microelectronics industry and the medical industry are the most well-known industries that are driven by new and innovative ideas, but a closer look will show that even traditional industries like food, glass, and the automotive industry are affected to a great extent by new ideas pertaining to the production processes, the development of new features in existing products and to other dimensions of the business. Continue reading SELLING IDEAS IN THE MARKET: REVOLUTIONARY AND EVOLUTIONARY INNOVATION IN CORPORATIONS
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”.
Despite the intense debate about Greece’s numerous structural problems, any focus on the judicial system has been pretty limited. Yet, one of the main reasons behind the crisis in our political system has to do with the fact that the country’s judiciary has not lived up to its full potential in probing major scandals and reinforcing the overall feeling of justice.
Some critics like to point a finger at the judges and their closed, near-autistic microcosm. However, the problem does not lie so much with the judges but with the means that they have at their disposal and with the country’s general culture when it comes to legal issues.
One fundamental issue concerns the outrageous foot-dragging in the administration of justice. When a case has been deferred for years, the citizen who is in the right inevitably grows frustrated, while the wrongdoer interprets the delay as a sign of impunity. While a number of practical steps would rectify the situation, it all boils down to political will and consultation with the judiciary. Continue reading Justice unfairly slow