Michael Ammann, President at San Joaquin Partnership. Public-private partnership organizational leader with start-up, turnaround & organizational renewal experience in multi-jurisdictional economic development marketing organizations and a metro chamber of commerce.
The San Joaquin Partnership recently announced another successful project moving into San Joaquin USA – Crumb Rubber Manufacturers (CRM), a nationally known company that specializes in the production and supply of crumb rubber for various asphalt rubber technologies. CRM is moving into the former Hormel food processing facility in Stockton and will initially employ 50 people. Finding a new user for an old facility is the toughest job in economic development. Hooray! Let’s give a cheer to all those involved in bringing CRM to Stockton for a job well done!
Now let’s step back and realize the long-term benefits of CRM’s San Joaquin location for years to come as they ramp up business, pay annual taxes while growing employment and payrolls up to 100 employees.
Continue reading Economic Impact of New Jobs Continues Beyond the Company Initial Announcement
Dr. John Psarouthakis, Executive Editor, www.BusinessThinker.com. Founder and former CEO, JP Industries, Inc, a Fortune 500 industrial corporation. Adjunct professor, Strategy and Acquisitions, Ross School of Management, University of Michigan
This is the 5th of short articles of my thoughts about Leading and Managing winning companies.
The development of a winning strategy requires that the the leadership of the company considers the interrelated dynamics between the enterprise itself, its customers, and its competitors. This strategy in turn must be implemented through “effective corporate actions resulting from superior decisions, which in turn rest heavily on solid management practices rather than luck or general business acumen” according to Professor J. Frank Yates** of the School of Business at the University of Michigan. A good decision manager understands the process of making good decisions and in the turn helps others within the organization to learn the good decision process. This is of extreme importance to understand before a Strategy and a plan to implement this strategy is developed.
The implementation and the results there of depend entirely on the ability to make and implement good decisions. Myself as a practitioner and academic on strategy formulation and implementation, can attest to the fact that absent of the above abilities no strategy developed can be successful.
Dr. John Psarouthakis, Executive editor, The Business Thinker magazine, and Founder and managing director, JP Management Center, llc.
A lecture at the Institute for Advanced Studies in the Humanities, University of Edinburgh, Scotland.
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:
- Smaller government, though the last couple years this seems to have moderated quite a bit
- 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 like myself discuss such matters without referring to HISTORY .
These great shifts of power are not without precedent. What is new is the rapidity of change that we are witnessing. When such major shifts of power occurred in the past, they had a great impact in the ways the society functioned. Examples:
- The emergence of secular values over religious values and authority during the 16th, 17th and 18th centuries. Power centers changed. Princes of church gave way to princes of land, who, in turn, gave way to the chiefs of industrial, commercial and financial wealth.
- Societal institutions and the most firmly established organizations were forced to conform or disappear with the passage of time.These shifts took place not without sacrifice of then well established ways of life. Now, let’s get back to the question I posed earlier. Let me repeat it.
Continue reading The Business Enterprise and Today’s Society