Category Archives: Education

Small Business Growth

Dr. John Psarouthakis, Executive Editor

The Business Thinker. LLC Internet magazine and Founder and Managing Director of JP-Management Center, LLC.

A Lecture Given at Hillsdale College

some long time ago that I believe is relevant today

The subject was

Small Business Growth

I am pleased to be at Hillsdale College for many reasons not the least of which is that the subject of this talk seems particularly appropriate. I am concerned about the factors that lead to employment growth, something that should be of vital interest to every student. So often discussion about employment or business focuses on the largest companies. Yet I think that we have not looked at the relationship of company size to employment growth and value to the society as a whole. I’m sure you were all pleased to see that Money magazine ranked Hillsdale College  among U.S. colleges and universities as a best value. One can raise the question of whether Hillsdale College is a best value for its size or does its size make it a best value. This relationship of size to value is an important one that is often distorted by mythology and misperceptions.

“Small business is the economic backbone of the nation.” “Small businesses are the only ones that are creating jobs in our economy,” “The future belongs to the person working at home connected to the outside world with a modem, computer, fax machine and a cellular telephone.” If all this has a familiar sound to it, it should. The last few years have produced endless streams of prose about small business and the new economy. Most of it glorifying the role of small business. Yet, for all the discussion, the concept of small business is more of an ideological construct than an economic or analytic one. One could argue that the ideological pull of small business is not a new phenomenon but a cultural mainstay of American life.

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THE BUSINESS ENTERPRISE AND TODAY’S SOCIETY “Article 2”

Dr. John Psarouthakis, Executive Editor of www.BusinessThinker.com,  publisher of www.GavdosPress.com and Founder and former CEO, JP Industries, Inc., a Fortune 500 industrial corporation.
For details go to: http://linkd.in/1AF7El7

We have been in the midst of a fundamental and historic shift of how the economies around the world develop.  With the collapse of communism, the centralized and state control model of the economy has also collapsed. Other socialist State models, i.e., Sweden, UK before Margaret Thatcher, have also collapsed.  What we have now, however, imperfect it maybe, is the model of the “Free Market.”

This shift is occurring in parallel with two other sociopolitical expressions:

  1. Smaller government, though the last couple years this seems to have moderated quite a bit, and
  2. the need, indeed the demand by our society to provide assistance, protection, and distribution of economic benefits a “fair” way

What we are witnessing is a major shift on “how we can fulfill our expectations of a humanistic society” while we keep the state’s interventions and control power at minimum.

Before I deal with this question (shift) let me digress in to a bit of history .  .  .  .  After all, how can a Greek get up to talk about such matters without referring to HISTORY .

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THE MAGIC PROPERTIES OF WAVES AND THEIR EFFECT ON OUR BUSINESS AND DAILY LIFE

V. E. “Bill” Haloulakos,  Aerospace Science Consultant/Professor; AIAA National Distinguished Lecturer and Legacy Member; Distinguished Engineering Educator Award Winner

* Sound and light waves allow us to talk to and see each other

* Ultrasound and radiation waves have many applications in medicine

* Electromagnetic waves have given us radio, television, cordless and cell phones and all the gadgetry and allows us to text to and follow each other

DISCUSSION

All or most of us have either given or received the advice of “don’t make waves”. What this means is “don’t create a disturbance” because in physics the definition of a wave is “a disturbance that once created it travels in its own way and unique speed and cannot be altered”. How many of us wish if we could only take back something that we said…

There are many types of waves. There are the sound waves, which allows us to communicate with each other. As we speak we create a disturbance that travels through the air at the speed of sound (345 meters per second (m/s)) to the ears of all around us. Then we have water waves that we see in the rivers, ponds and the sea. And nature is full of electromagnetic waves (EM), visible light being part of the EM wave family its only special characteristic being that it excites our retina and allow us to see things. Other wise light is of the same nature as x-rays that destroy our retina. One peculiarity of all the different waves is that they are described by the same mathematical equation, very appropriately called “the wave equation”, a subject upon which we shall not elaborate here, but we shall note that the only difference is their speed of propagation (travel). As noted above sound waves travel at 345 m/s whereas EM waves travel at the speed of light or 300,000 kilometers per second (km/s) (186,000 miles/s).

It travels seven and a half times around the equator in one second!

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