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.
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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, and
- 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 .
Continue reading THE BUSINESS ENTERPRISE AND TODAY’S SOCIETY “Article 2”
BY ALISON DAVIS-BLAKE
Dean, Stephen M. Ross School of Business, University of Michigan
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