Today, the manufacturing environment is more competitive than it has ever been. As the international economy continues to weed out those not fit to compete, it leaves some business owners wondering what they need to do to stay in the game. As a general rule, there are no rules…but if we look around us we see some excellent examples of companies who have not only survived, but have flourished. How did they do this?
First Step: Innovation
We live in an age defined by speed and technology, with innovation at its core. Successful CEO’s all around the world are re-defining their business strategies to adopt new technologies capable of enhancing their current aptitudes to the next level and beyond. Many of them see the competitive advantages of undertaking innovative projects and adopting state-of-the-art equipment to achieve the ultimate end goal of competitive advantage.
The key question isn’t, “How much will this cost?” but, “How much will this SAVE?” No one has a crystal ball to look into the future, but if no change is made, it’s pretty clear that the road ahead won’t be much different than it is currently.
End Result: Growth
Albert Einstein once defined insanity as,
“Doing the same thing over and over again and expecting different results.”
Holding true to this philosophy it’s clear that innovation is not only necessary, but inevitable. Instead of fighting change, embrace it. Microsoft, Apple, Google, Facebook, Wal-Mart; these are the names of just a few “First Movers” who had the courage and determination to nurture innovative frameworks into their business strategies. Today they reap the benefits from such commendable success and serve as examples for the rest of us. We look up to those idealistic models of success and think that, for us, it is unachievable. In reality, you will find that taking the easy way out is to say, “No.” But there is no denying that when a great, innovative solution presents itself to you, sometimes money, time and effort are no objects.