Sustainability of Organizations

Yannis A. Phillis is a guest  contributor. He is Professor of Engineering at UCLA and the Technology University of Crete.

The following is adopted from:
“Fuzzy Measurement of Sustainability,”  by
Y. A. Phillis and V. S. Kouikoglou, Nova Publishers, NY, 2009, by permission.

An organization is an entity or purposeful structure with boundaries that separate it from its environment. According to Webster’s dictionary it is an administrative and functional structure (as a business or a political party). An organization pursues certain goals such as education (this is a university) or production of goods and services if it is a corporation. Organizations interact with their environment, physical, biological and social, they affect it and become affected by it. It is quite natural then that organizations play an important role in the sustainability of a region or country. Continue reading Sustainability of Organizations

The Successful Business Acquisition Process – Step #9 – Preliminary due Diligence

This chapter reviewed the important step of preliminary due diligence that takes place once a confidentiality agreement is signed and you are satisfied that a lead meets your major criteria.  The preliminary due diligence has three important aspects, a meeting with the seller, one or two company visits and a preliminary review of documentation.  There are four key goals in the preliminary due diligence phase. They are: Continue reading The Successful Business Acquisition Process – Step #9 – Preliminary due Diligence

C. K. Prahalad – Guru on Strategy, Leadership and Competitiveness

(August 8, 1941 – April 16, 2010)

I had began, recently, to write an article on leadership when I was informed of the passing of my dear friend Professor C. K. Prahalad of the Ross School of Business, University of Michigan on April 16, 2010 at the age of 69.  I decided that this topic would be far better expressed by this outstanding thinker and educator himself.  See clip after the jump. Continue reading C. K. Prahalad – Guru on Strategy, Leadership and Competitiveness

THE KNOWLEDGE MAGAZINE