As Simon Sinek recently acknowledged, “People don’t buy what you do; they buy WHY you do it.” That understanding and the competitive leverage it can bring is the foundation of a purpose-driven strategy. To be sure, having a purpose can generate a feel-good effect and provide guiding principles for employees. But upon further investigation, having a purpose-driven strategy can […]
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From metrics that measure the health of your business, to key performance indicators (KPIs) that identify progress toward your business goals, tracking performance is essential in the highly competitive manufacturing industry. Manufacturers that want to stay ahead of the curve, attract top talent, and remain competitive must systematically use metrics to glean a 360-degree analysis […]
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Consider this: Manufacturers that came through the 2008 recession the strongest are those that made aggressive moves during the 2010 recovery and were rewarded from 2011 to 2013 with sustained revenue growth, higher EBITDA margins, and significantly increased ROIC. A similar opportunity is at hand. At first glance, leaders may be tempted to maintain the […]
Read More… from Four Factors for Fueling Transformational Growth