Power List

One of the most critical things for manufacturing leaders today is – how to create an organisation (product/offerings, facilities & capable people) that can have longterm competitive advantage. This has become more relevant in the current world where changes are rapid and too many, and one does not know what is going to hit and when. In such a scenario, organisation must have a business model that helps in delivering faster, better, affordable and sustainable products/offerings to the end customer.

Success is not only based on one’s ability to change or align with the environment, but maintain a speed of change, preferably ahead of the competition. It’s not the absolute numbers but one’s relative position with others that matters. Hence,

• Set “Target to Win”, which will be better than competitors
• Do what is required and not what we can do
• Align people, collaborate and excel along with them. Ultimate differentiator will be “People” who will deliver a notch better than yesterday

Over and above, keep in mind that without meticulous planning & execution, success can’t be achieved.

Innovation must be looked upon as one of the enablers to resolve hurdles in the path of achieving long term vision & goal of the company. Apart from return on investment, revenue growth & profitability, one must understand the impact it has on stake holders, whether it is sustainable & scalable so that it can be deployed in a big way. Along with disruptive innovation, one should be mindful of the continuous improvements that helps in sustaining the competitive advantage.