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How to change the industry? Identifying the management problems is one step. And this is true of many industries. Seems that too many decisions in the corporate world these days are over reactions to the normal ebb and flow of business and the economy. Inexperianced business managers don't know how to ride the wave and resort to dramatic cuts instead. Then when the business picks up...they can't handle the volume and the expenses increase because they have to rebuild the companies infrastructure all over again. A good manager knows how to ride the wave through the good times and the bad. They are far sighted enough to plan for downturns and slowdowns and also have contingency plans for taking advantage of the better situations and deals that come their way. I think too many companies demand too much from managers who don't have the skills or experiance to overcome short term problems and thus they come up with draconian solutions such as: Have a downturn in business....lay off a thousand people. Stock prices flat in the third quarter....sell off your assets. Inventory down...sell the warehouse. Nothing to ship this week...sell off the transportation division. Employee's complaining about layoffs...cancel the Christmas Party and Bonuses. Need cash?...borrow from the employees 401 and pension plans. Many companies today want to get rich quick. If the managers don't realize 10-25% growth this year they simply let them go and bring in the next "Whiz Kid" to give it a try. Who was it that said "if you have 4% growth every year, after ten years that's a 40% increase".
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