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.
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Dr. john Psarouthakis
One hundred years and more ago most Americans were still living and dying by their muscles. The overwhelming majority used their brawn to extract food from the topsail, or to extract resources from deep in the Earth, or – in increasing numbers – to hammer raw materials into some kind of usable product.
At the same time, business was also a creature of muscle. Building a railroad was not a subtle enterprise. Clear-cutting a million acres of trees was not a subtle enterprise. Pulling all the iron or gold or oil out of a particular region was not a subtle enterprise. Though I might add that even then a good engineer came in handy. I’ll let you guess what discipline I was educated in.
Continue reading 100 years ago and Today–2
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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