Yannis A. Phillis is a guest contributor. He is Professor of Engineering at UCLA and the Technology University of Crete.
The following is adopted from:
“Fuzzy Measurement of Sustainability,” by Y. A. Phillis and V. S. Kouikoglou, Nova Publishers, NY, 2009, by permission.
An organization is an entity or purposeful structure with boundaries that separate it from its environment. According to Webster’s dictionary it is an administrative and functional structure (as a business or a political party). An organization pursues certain goals such as education (this is a university) or production of goods and services if it is a corporation. Organizations interact with their environment, physical, biological and social, they affect it and become affected by it. It is quite natural then that organizations play an important role in the sustainability of a region or country. Continue reading Sustainability of Organizations
From my own experience as a technologist, business executive and entrepreneur I can tell that:
The global changes that are occurring around us today create the need to zero-in on a number of issues that influence the course for success or failure if we do not take them in to consideration in our strategic and operational culture. Continue reading An Opinion on the Uncertainty of Today’s Business Environment
Some predictions and my outlook for 2010.
At world level the role of demonstrations for justice and better living standards will intensify. In the social level, the aggregate anger will be manifested sharply and conflicts within societies will be more apparent.
The economic recovery will be weaker than what history indicates after a serious recession. Banks will continue to be cautious perhaps over copious in commercial lending.
Without another great shock the world economy will continue on the road of slow recovery, with the growth in GDP for 2010 be placed in 4% or less in the US.
Over all global growth will return in 2010, but will not be equal in all geographic areas. The emerging markets will grow at higher levels than the developed economies. What should be heeded by investors is that the central banks must implement the correct policies to prevent “roaring” inflation.
A key for 2010 is not to continue with the bailouts adopted in 2009. The maintenance of the economic recovery will be enhanced by the government’s return again to the private market sector for sustainable growth.
The world economy in 2010 will make a deflationary recovery. Markets, with the help of the right monetary policies and budgetary restrains, will move upward. The key, however, in all this and in particular for the fate of the financial sector will be the American market resilience.