Dr. John Psarouthakis
My goal IN BETTER MAKES US BEST (see previous article) was to apply new technology to old manufacturing processes, to transform underperforming companies into profitable ventures. Some of the underperforming companies we acquired were in danger of losing supplier status with their customers.
You can provide machinery and technology but if you lack employee commitment the formula won’t work. The buildings, the machines, don’t really do much unless people have the motivation, the desire and the know-how to do a good job. They turn it around. We provide leadership and creative management.
I wrote and published a book, describing the “Better Makes Us Best” philosophy, which was distributed free of cost to all of our employees – over 7,000 people at the time.
Continue reading Apply new technology to old manufacturing
Dr. John Psarouthakis
How do we achieve a skilled workforce that is dedicated and committed?
That will seek to eliminate inefficiencies.
That will be flexible in the face of rapid product changeovers?
That will be open to new ways of doing things.
That will renew America’s reputation for quality.
I cannot generalize about what everyone should do. But I can tell you about what has worked for me – and showed great promise for the future.
Continue reading How do we achieve a skilled workforce that is dedicated and committed?
Dr. John Psarouthakis, Executive Editor,
Founder and former Chairman-JP Industries Inc and JPE Inc as well as Founder and Managing Director of JP Management Center, llc.
In the world of business nothing ever stays the same. Today’s competitive advantage may be copied by competitors and rendered useless tomorrow. Developing new products and entering new markets are two ways to maintain a competitive edge. But in a fast-paced market, imitators can often quickly follow: even patented items are difficult to defend in a global market. The globalization of commerce has stimulated a shift in thinking about competitive advantage. In many industries a competitive position can come from underlined organizational abilities, in others it could come up from a strategy model of financing, acquisitions, licensing, geographic expansion, or a mathematical model that enables you to integrate several of the above components of growth.
A business can be considered as a dynamic organism that reacts or acts on its environment in accordance to preset but also changing parameters that affect performance in direct relation to the simulation and controls incorporated in it. Being a dynamic organism / system it also means that its overall performance is a multiplicative function and not a summation function as it has been considered by classical growth models. These multiplicative functional relationships will be a significant part of the content of this seminar / workshop.
Continue reading Dynamic Business Growth