Category Archives: Change

Briefly about me, John Psarouthakis, PhD.

Briefly about me, John Psarouthakis, PhD.
I have observed the world from a remarkable range of vantage points, taking a proactive role in each. As an orphaned child I endured the Nazi occupation of Crete. I arrived in the United States with $15 in my pocket and speaking only a few English words, but graduated from MIT. Early in my career I led a Martin Corp. team researching nuclear power for deep space travel. I later led the Allis Chalmers Technology labs, then became a key player in finding, assessing, and acquiring manufacturing companies around the world for Masco Corp. My first entrepreneurial venture, JPIndustries Inc., became a Fortune 500 company before I sold it. Inc. Magazine twice named me entrepreneur, #entrepreneurtips , of the Year. I have served on several boards and advisory panels and lectured at MIT on Business Enterprise. In recent years I have vectored back to my academic roots-teaching as an adjunct professor at the Ross School of Business, University of Michigan and as a visiting fellow in Europe, more recently at the University of Edinburgh. A couple weeks ago I launched the Knowledge Transfer platform. Click on www.jpmcenter.com This site is being updated / modified based on comments and phone conversations on making it more effective. Thank you all.

CHANGES IN THE INFORMATION INDUSTRY


Dr. John Psarouthakis

Executive Editor

 

In addition to the major shifts that have already occurred, we now have also other shifts caused by the explosion occurring in front of us in the information industry.

  • One change is globalization that has rendered national borders meaningless.  This in turn has increased competition for goods and services by several orders of magnitude.  Today, companies anywhere in the globe can compete in markets which in the recent past were not accessible to them.  They can have the advantage of new technologies, low-paid and highly skilled labor, and capital availability as they need it.

  • Second change:  Quality of labor.  In 1972, one third of the work force in the USA were “brain power” related, while two thirds were people that used “muscle power.”  Now, it is exactly inversed ?  two third’s “brain power,” one third “muscle power.”

  • Third change:  Whether the worker is “brain power” or muscle power, he or she must be able to think for themselves.  They must be involved and make critical decisions on the goods and services they are engaged to produce.

  • Fourth change:  We must be a team
  • Fifth and most important:  Business executive leadership is redefined.
    – Make technology your friend
    – Be innovative
    – Communicate
    – Motivate
    – Solicit participation by teammates
    – Be a Visionary
    – Be involved in the affairs of the community
    – Be sensitive to employees problems beyond the workplace
    – Attract the financial community
    – Be analytical / conceptual
    – Be sensitive to the bottom line
    – Be aware and sensitive to societal needs and the corporation’s
      participation in fulfilling them
    – Contribute time and money to worthy causes
    – Be able to walk on water

What else is happening out there in the real world?

Accepting a job challenge–3

Dr. John Psarouthakis

Executive Editor

 

A very important, in my opinion,  message I have for you at this point in time is based on my experiences and background:

Let me flesh it out by telling you some of the experiences and observations which lead me to this point of view.

First, about my accent.

What you would hear when i talk are lingering cadences of a town called Chania on the Greek island of Crete. I lived there until I was 19 and a half years old,

Continue reading Accepting a job challenge–3