· The pace of change is increasing and people must accept continual change
· The ownership and disposal of businesses is becoming more dynamic
· Many companies aspire to become a national and / or international leader in their chosen markets and further exploit their core competencies
· What do companies need to do?
o Develop a different approach to the business, striving to increase sales in existing and new territories
o Introduce desirable, cost effective products exploiting new product or manufacturing technologies in order to leap ahead of competitors.
o Understand and comply with product legislation in local and international markets
o Develop their ability to adjust capacity to meet growing or seasonal local or international demand
o Embrace customer requirements
o Improve product quality and on time, in full delivery performance
o Rationalise sites to reduce costs and improve effectiveness or relocate into new premises that are more appropriate for the future
o Reduce costs across all areas of the business (not just manufacturing!) to make products and services more price competitive in local and overseas markets
o Reduce manufacturing costs by implementing new make versus buy policies and reorganising / rationalising internal operations
o Adopt more environmentally acceptable manufacturing processes and comply with all health, safety and environmental legislation requirements
· At all costs avoid a loss of existing key accounts and contracts.