Tag Archives: change

THE BUSINESS ENTERPRISE AND TODAY’S SOCIETY “Article 2”

Dr. John Psarouthakis, Executive Editor of www.BusinessThinker.com,  publisher of www.GavdosPress.com and Founder and former CEO, JP Industries, Inc., a Fortune 500 industrial corporation.
For details go to: http://linkd.in/1AF7El7

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:

  1. Smaller government, though the last couple years this seems to have moderated quite a bit, and
  2. 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 get up to talk about such matters without referring to HISTORY .

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How to Breed Leaders for the ‘Positive Business’ Era

DavisblakeAlison


BY  ALISON DAVIS-BLAKE
Dean, Stephen M. Ross School of Business, University of Michigan

The original article can be found in Inc. at

The world of work is changing — again.

While business has always been fluid, in the past few hundred years there have been fundamental changes in the nature of work. Prior to the industrial revolution, work was very local and very small in scale. For most people — journeymen and apprentices, blacksmiths, farmers, shop keepers and the like — work was most often the extended family business or trade. The concept of a career was a smaller part of life in relation to the other institutions, such as church, community and family.

This all changed with the industrial revolution, when the first very large-scale factories combined with long range transportation systems, created enterprises with massive wealth and power.

Fast forward to today. Corporations shape the quality of life for individuals and communities like no other institution. Leaders of major companies like Apple or Amazon have the potential to affect the lives of millions of people in an instant. In many cases, CEOs’ decisions have the ability to affect our world more than any decision made by legislators. The concept of work has evolved into career, and the work organization is one of the most important factors in an individual’s life. A place where many spend more time and energy than they do with their own families.

Because of the central role of work in the lives of people today, those leading these enterprises have a sacred trust to carefully consider and appropriately manage the impact of those enterprises on individuals, families, communities and nations. In short, corporate leaders need to be able to create value — economic value for shareholders, personal value for their employees, and value for the communities and nations in which they operate. This concept of creating a full spectrum of value is what I refer to as positive business and in my belief, is the future of both the business world and business education.

The importance of positive business is supported by research. According to Gallup’s 2013 State of the American Workplace report, of the nearly 100 million people in the U.S. who hold full-time jobs, only 30 million are engaged and inspired at work. Roughly 20 million employees are actively disengaged, while the remaining 50 million are not engaged. By creating a positive environment at work, employees will be able to bring their best selves each day and can be creative and productive throughout the day and when they return to their families and communities in the evening.

Positive business is also key to effectively take on — and solve — the most difficult challenges that society faces. Hunger, disease, environmental issues and other global problems absolutely require the active participation of the corporate world. Leaders who have the business acumen and orientation to tackle these issues will be highly sought after in coming years.

While positive business includes sustainable practices and corporate social responsibility, it goes beyond those virtues. Positive business energizes people and firms. It maximizes potential and enables individuals to achieve their highest aspirations. In essence, happier workers generate more creative and productive workplaces and stronger communities — and research has shown that time and again.

The responsibility to create these positive environments does not rest solely with business owners — it’s also up to educational institutions to teach future leaders how to fulfill the responsibilities inherent in leading today’s corporations. The pressure is on for the education sector to address the dated management strategies that some businesses are using. It is time to embrace the era of positive business and support the next generation of leaders, many of whom are ready and willing to make a positive difference.

The university experience is a transformational experience. We are here to change lives. Therefore, we, as educators of those leaders, have a responsibility to produce leaders who will understand the vast power of business and be prepared to use it in a responsible way. It is our charge to provide them an experience that is focused on helping them understand and fully realize the positive impact that they can have on individual employees, their families and on communities and nations.

“The Challenge of Rapid Change”: some thoughts for young aspiring executives / entrepreneurs

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.

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