Category Archives: Technology

Better Makes Us Best

By Dr. John Psarouthakis, Founder and Former Chairman and CEO, JP Industries Inc. and Executive Editor, The Business Thinker.

I wrote a small book because I believe that “Better Makes Us Best” to explain my belief that anyone can achieve his / her potential by setting milestones / goals for constant improvement. It is a philosophy that I began to think and implement while a tee ager particularly in sports.

 I got the same satisfaction if I did better than the previous time though I wished I could be the best. In time I applied this “Credo” to the over 20 underperforming manufacturing businesses in the USA and western Europe I bought for JP Industries, Inc that I founded with the strategy of acquiring such businesses, paid the expected lower price and create a higher value by improving the performance significantly by implementing this philosophy by providing the opportunity to employees to improve their ability through training and special coerces at the near by community colleges and /or equipment suppliers. This required, often, higher relevant technology. In a related article back then, BusinessWeek magazine described my approach as a “blending high tech with worker involvement”. You will find details of this book in the recently launched platform on Knowledge Transfer: Click on www.jpmcenter.com You can also connect with me on this book by sending me your questions via email as instructed in site.

JP Management Center, llc.

Dr. John Psarouthakis,

Executive Editor , www.businessthinker.com
Managing Director. JPMCenter

Hello Friends, Colleagues, and Associates. Short time ago I posted my intention of soon to launch the Knowledge Transfer platform. I did this last evening. You will find it by going to www.jpmcenter.com. I hope you go through it and find it engaging. Please let me know of your comments.

Below you’ll find a comment about me:

Izak Duenyas, Professor of Technology and Operations Ross School of Business The University of Michigan, September 17, 2015,

“Dr. John is a respected academic and business leader. He has helped multiple organizations with his extensive leadership abilities, strategic thinking and great skills in organization development. His books and articles have also significantly contributed to a better understanding of manufacturing, and building competitive businesses. It has been a pleasure to get to know Dr. John and I have benefited tremendously from his wisdom”

Briefly for those that have not looked for my background in LinkedIn or other sites let me briefly mention that over 1250 Linkedin members have endorse my skills and most for developing business strategies, and strategic growth plans as well as for start ups.

I was born in the Greek Island of Crete where I finished a Science Curriculum High School. Then I got a Bachelor’s and Master’s degrees at MIT, moved to Maryland to work in the space program at the Martin Company and in parallel got my PhD from the University of Maryland at College Park. Subsequently I moved to managerial non-space related work at the Allis Chalmers (A-C) and Masco Corporation. Allis Chalmers sent me to attend the Program for Executives, today’s equivalent for an Executive MBA, at the School of Business at Carnegie Mellon University.

At A-C, I developed managerial strategies for the Corporate R&D center to conduct R&D closer to the operating units product lines. At Masco developed strategic growth plan for the plumbing devision and for Masco to become operational in Europe. Masco’s Faucet unit within five years captured 50% of the market and Masco became operational in Germany and Italy.

Later on I started JP Industries, Inc with the strategy of acquiring underperforming companies in manufacturing and distribution business fix them by using relevant technologies and making these units more productive and strongly more competitive.

At that time many of manufacturing businesses were moving overseas.. None of improved units relocated even within the USA. A very successful strategy.

After JPIndustries was sold I moved to academia teaching at Ross School of Business, U of Michigan, and lecturing at MIT, business strategy and acquisitions, and authored / Co-authored several books and provided as a consulting service senior executive level coaching.

Through lectures I was invited to give I began to think of a business on transferring knowledge.

One of my great strategies was and is writing the book “Better Makes Us Best”. When I was a young scientist the presidents of the companies used to send to the employees letters for an update on the company. I found them not very helpful, so I came up with the idea of writing a motivating book on the importance on doing “Better” to day than yesterday and tomorrow than today. It worked very well in turning around problem companies we acquired. It was distributed to all employees free of cost for USA operations as well as for those overseas. The book and the connection with me is available in the new site launched, www.jpmcenter.com

Here are a couple reviews of this book:

“Dr. Psarouthakis thought he wrote a book exclusively for his own industry. But in fact, Better Makes Us Best knows no limits. It contains some fabulous truths for [anyone] seeking fulfillment in today’s stressful working world.”—Peter G. Hanson, M.D., Author of The Joy of Stress and Stress for Success

“Dr. John is an American success story. Every one of us can learn from the lessons and principles in his life. This book is a good place to begin.”—David Lawrence Jr., Publisher and Former Chairman of Detroit Free Pres

THE FUTURE OF AMERICAN MANUFACTURING


Dr. John Psarouthakis

Executive Editor

 

Let me illustrate by looking at three pivotal industries: motor vehicles; electronic computing equipment; and machine tools. In the past couple decades the share of the domestic market held by domestic manufacturers producing in domestic plants has declined from approximately 80% to about 50% for motor vehicles, from 90% to below 60% for computing equipment, and from 80% to below 60% for machine tools. In recent years there has been a move toward recovery.

It is hoped that we can find a way to put our talents together to deal with the very real problems facing manufacturing in the USA. My purpose here is to suggest ways to do so.

We have one relatively simple decision to make: do we accept the current situation, continuing the decline in our manufacturing base or do we recognize that manufacturing and industries which support our manufacturing base are critical to our position in a global economy and commit intellectual and financial resources to improve our manufacturing base?  Recognizing the situation and doing something about it, however, are two very different issues.

Nevertheless, manufacturing accounts for nearly 20% of our Gross National Product, as it has for about 40 years. There is a much lower percentage of the total work force employed in manufacturing, but they are responsible for a large part of our economy.

In addition, our burgeoning service industries are in fact dependent greatly upon manufacturing. About half of all U.S. service employment is tied to manufacturing related activities.

There is a second reason why manufacturing really matters. Most if not all of us to some extent value the principles, “free” market economic system, and political structure of our nation. Some of us also feel it is important that we remain influential and powerful

in an uncertain and sometimes dangerous world. We cannot maintain our influence on the world affairs, if we become a second rate industrial power. While I don’t see us in the same context as colonial Great Britain, the declining influence of Britain for years was in part due to its neglect of its technological and industrial bases.

If we value our political and economic systems, we must strengthen and enhance our manufacturing base. But what are the specific tasks we need to address? As I see it, there are three tasks to be addressed. First, we must improve manufacturing related technology development and deployment. Second, we must improve the art of managing our manufacturing base. And, third we must “up-grade” and strengthen our human resources in manufacturing.