Category Archives: Business Strategy

The Development and Deployment of Technology


Dr. John Psarouthakis

Executive Editor

Technology development and deployment are important because manufacturing has become a technologically-driven endeavor. Our ability to compete in manufacturing is dependent upon the quality and the sophistication of our human resources, manufacturing facilities and equipment. In the recent past, we allowed our manufacturing equipment and facilities to deteriorate relative to our foreign competitors.

It is indeed a bitter pill to swallow that the U.S. was failing in the development and commercialization of new manufacturing technologies. As the recent Nobel Prize awards attest, our scientific base is still unparalleled in the world. We have the support of the Federal government and the strength and vitality of universities to thank for this state of affairs. We also have a strong and vital network of federal labs and a distinguished groups of not-for-profit R&D facilities contributing to the nations store of knowledge. Even with this scientific base, however, we have not learned to master yet the” art of knowledge utilization and technology transfer. In effect, the scientific knowledge produced by our universities and labs has benefited other nations, at least as much, and arguably more, than it has helped us in the recent past but it seems to be correcting.

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Humanities, Arts and Social Sciences

Dr. John Psarouthakis

Executive Editor

The role of the humanities, arts, and social sciences has expanded in recognition that these are essential intellectual and cultural components of the creative spirit and ethos of education and scholarship at universities and particularly at technological institutes such as MIT. The humanities and social science faculty have played leadership roles in extending the global reach of many of the programs and in broadening the perspectives and expertise needed to engineer, manage, and set policy. MIT’s world-renowned strengths in economics and linguistics continues to build and evolve. Writing and the performing arts have continually expanded their importance and, in addition, have played a notable role in developing an appreciation of the role of diversity in living and learning. The visual arts have evolved in new directions and have expanded their strength and centrality in our institutions.

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Real Participative Management


Dr. John Psarouthakis

Executive Editor.

Well, we have applied the “Better Makes Us Best” philosophy in JP Industries and the rewards were substantial. I would like to describe a few of our success stories.

I will begin by telling you what happened, as an example,  at one of the plants.

The plant manager decided there was a need for change – to meet the demands of the marketplace and remain competitive. We provided him with opportunities to review alternatives and he eventually selected a program the plant now called “Real Participative Management” – or RPM, which is rather apt in the Transportation Products industry.

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