Posts Tagged ‘contract manufacturing’

Presto, Change-o Communication

Monday, June 7th, 2010

In times like these, EMS companies often have to make strategic changes to stay competitive.  In the midst of these changes, whatever they may be, employees can be resistant.  Because, like all humans, employees don’t like change.

Worse, trust in all corporations, by employees and everyone else, is at an all time low.  So executives leading the change are facing a doubly whammy—fear of change and distrust of management.

A recent Wall Street Journal article, “In With the New,” by Mitchell Lee Marks, says employee communication is the answer.  Okay now, everybody raise your hands if you’re thinking, “Well, duh.”  But the article goes on to specify communication that works best to effect change, and that isn’t always so evident.  Or if it is, it’s good to be reminded of what should be common sense.

For example, it’s a good idea to make communication two-way.  It should be more than a top-down diatribe.  Yes, management must make clear what changes will take place and the reasons for them.  But employees need to communicate too.  They’ll have questions, They’ll have complaints.  They’ll have misgivings.  Or maybe they’ll just want to vent.  Management needs to provide a safe way for employees to do so.  By “safe,” I mean a way to vent so their comments won’t be held against them later.

Also, communication must absolutely be honest, without corporate-speak.  This can be harder than it seems.  Sometimes there’s a tendency to soften the blow by predicting rosier outcomes as a result of the change.  Or by minimizing the pain that will be required to make the change.  Or by obfuscating the message with highfalutin words that don’t make your meaning clear, but have long been accepted in the C-suite (i.e., corporate-speak).  There are plenty of ways to avoid being completely honest.  Resist them.

Inviting employees to enter into an honest conversation about new directions your company is taking works like magic.  Employees need to understand the business reasons for the change.  They need the opportunity to let go of their old ways of thinking, often by talking through their concerns.  When that happens—presto, change-o—the whole change process becomes smoother.

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Content Marketing v. Trade Pubs

Monday, March 15th, 2010

I have long been bellyaching about the decline of the printed periodical.  Mostly I’ve been bemoaning shrinking newspapers, and especially the lack of reporters paid to cover issues in-depth.  Seems like all anyone can afford is taking whatever’s on the Internet and posting it. Trade publications are also declining and who knows how they get their content these days.

There was a time when you knew you were dealing with a quality publication when you had to woo the editor over a liquid lunch with a substantive story idea.  Time was when the advertising and the editorial people existed on different planets.  The editorial guys actually did not know if you were a regular advertiser.  Those were the days when advertising in a book did not mean you had an automatic right to an article about your new plant/widget/equipment.

But now, well, even formerly reputable pubs are having hard times, and it’s not clear how often advertorial lines are crossed and re-crossed.

David Jung comments in his BtoBlog about the problem, mentioning a post at Content Marketing Today.  Basically, the advertising/publishing trade-pub is dying a slow death while grassroots content marketing by B2B manufacturers is burgeoning.

Is this a chicken and egg question?  Are the trade-pubs declining because of the growth of online content developed by B2B marketers?  Or is it the other way around?

Back in the ‘90s, I published a magazine for a client called The Railcar Business Quarterly.  I was able to get my foot in all kinds of fascinating doors in the industry and in Washington D.C.  Based on primary research, we published original material that readers really appreciated, and by extension, they appreciated my client. I liked to think of my client as an ally to readers in an age of information.

It was a successful publication in every way.  But one of the existing trade publications in the industry began to think of us as the competition, with one editor petulantly wondering if we were trying to put them out of business.  No, we weren’t.  We were just trying to give our constituents useful, timely, interesting information.

The trouble is, it seems very few publications can afford to get that kind of in-depth, primary reporting anymore.  And I’m not sure what kind of standards B2B manufacturers have for their content on the Internet.  But the fact is this:  manufacturers are becoming the suppliers of content as well as widgets.  Is it a change for the better?  Maybe not.

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Boost in Chicago Business

Friday, January 15th, 2010

I have just begun blogging about the EMS industry from a marketing standpoint.  (This is my second post.)  So general predictions about the economy are not my bailiwick.  But I couldn’t help notice some really encouraging signs, not the least among them is the Chicago PMI (Purchasing Managers Index).  According to the Wall Street Journal’s Market Watch on the penultimate day of 2009, there is good news:

Businesses in the Chicago region were expanding in December at their most rapid pace since January 2006, based on data from the Chicago PMI.

The business activity index rose to a higher-than-expected 60.0 percent from 56.1 percent in November.  The index had fallen to as low as 31.4 percent in January.

Is it time to let out a sigh of relief yet?

Not according to Nobel Prize winning economist Paul Krugman, who, in a recent New York Times column, warned that our economy is fragile. He says that upticks in the economy are often caused by an “inventory bounce.”  That is, when the economy slumps, companies find themselves with too much inventory.  When that’s finally depleted, they increase production, thus causing a bump that can often be a one-time bump.

But it’s a new year and a new decade, and right now, the Chicago area is enjoying a bit of a boost.  I’ll take it anyway we can get it.

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