Dr. John Psarouthakis
Here is a list of Key technologies to become dominant as we look ahead.
•new spacecraft concepts
•the information economy.
will shape the longevity and the quality of life we will have.
Dr. John Psarouthakis
We must recognize that the development and deployment of new technology is only one part of our competitiveness problem. Technology may, in fact, not be the primary or most important factor in regaining manufacturing competitiveness. Perhaps foremost among these other factors is a lack of ability in managing the manufacturing enterprise.
There are a number of ways in which our managerial shortcomings manifest themselves.
One is that many accepted management structures and practices do not interface well with advanced manufacturing technology. The product and process flexibility of new technologies, the linking together of different operational nodes on an electronic network, and the “knowledge-embededness” of the new technologies tends to make a traditional “bureaucratic” command structure obsolete. There is a much greater emphasis on inter-functional and interdepartmental integration in the organization of the future,as well as less of a need for hierarchy and accompanying rigid status structure. There is a requirement for multi-skilled employees, and greater responsibilities must be given to each of them than is required by task specialization.
Continue reading Managing the Manufacturing Enterprise
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”