Dr. John Psarouthakis
My goal IN BETTER MAKES US BEST (see previous article) was to apply new technology to old manufacturing processes, to transform underperforming companies into profitable ventures. Some of the underperforming companies we acquired were in danger of losing supplier status with their customers.
You can provide machinery and technology but if you lack employee commitment the formula won’t work. The buildings, the machines, don’t really do much unless people have the motivation, the desire and the know-how to do a good job. They turn it around. We provide leadership and creative management.
I wrote and published a book, describing the “Better Makes Us Best” philosophy, which was distributed free of cost to all of our employees – over 7,000 people at the time.
Continue reading Apply new technology to old manufacturing
Dr. John Psarouthakis
How do we achieve a skilled workforce that is dedicated and committed?
That will seek to eliminate inefficiencies.
That will be flexible in the face of rapid product changeovers?
That will be open to new ways of doing things.
That will renew America’s reputation for quality.
I cannot generalize about what everyone should do. But I can tell you about what has worked for me – and showed great promise for the future.
Continue reading How do we achieve a skilled workforce that is dedicated and committed?
What is different about change in our era is not its presence but its pace — the rapidity with which ideas arise, are developed and applied, and the immediacy and degree of their impact on our lives.
Let me illustrate. It took almost 14 centuries to progress from the invention of paper to the Gutenberg printing press. It took just 4 centuries to move from Gutenberg’s hand-carved, hand-set type to the Linotype machine. And it took just over half a century from the first conception of the large-scale digital computer in 1937 to the wide use of personal computers by both business and individuals today. The Internet that has become indispensable to us all has taken a much less time span in its development and the changes it has generated could not be even dreamed of only a few years ago!
Despite progress in many aspects of civilization,
people have historically found change uncomfortable and even threatening. Change, especially rapid change, is often associated with disruption of stability. Since stability usually has connotations of security, dependability and order, which are perceived as positive, change tends to have connotations of insecurity, uncertainty and disorder, which can be viewed as negative. Examples of disruption due to change are all around us. A familiar instance in this state is job security. Until fairly recently, a job with some of our larger companies was considered a lifetime employment guarantee. Today many of these jobs have been shifted from such companies to their suppliers or other industrial sectors or sent overseas due to technological and competitive changes.
Continue reading “The Challenge of Rapid Change”: some thoughts for young aspiring executives / entrepreneurs